Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: IRSaware Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118626  
Subject: Studying The Internal Revenue Code Date: 3/26/2000 11:08 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I've joined this message board to participate in becoming more educated on tax issues. Having been a fan of The Motley Fool philosophy for many years, I've come to respect the incredible detail and integrity of the information that is disseminated on the Fool website.

What I come to respect about the Fool's, and that includes all that participate, is that they start with the basics and build from there. A firm foundation of understanding, whether it's debt management, long term investing, or tax issues.

Because we are in the "Tax Strategies" board, I thought it would be Foolish to start a discussion based on a basic, firm foundation of taxes. And, I was wondering where do you go to learn about taxes. A friend, who is a tax professional, directed me to the Internal Revenue Code, and said, "If you want to know about taxes, read the law. Read the Constitution. Read the Bill of Rights. Read the Internal Revenue Code. Read the Code of Federal Regulations"

This, of course, sounds overwhelming, and it is no easy task, but I'm doing just that. I've taken upon myself, in a very Foolish way, to become more educated on an issue that is steeped with mystery, convolution, and misrepresentation. I'm not relying on the "Wise" tax experts, the IRS, or anyone to help me understand the law and how it is applied or misapplied.

That said, I'd like to ask my first question:

Has any one had the opportunity to read the Internal Revenue Code, that would be Title 26 (http://www.tns.lcs.mit.edu/uscode/TITLE_26/ftoc.html) of the United States Code http://www4.law.cornell.edu/uscode/)?

I look forward to a mind expanding and heated discussion on taxes. Is that possible? I believe, indeed.

Fool on.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Invest Better Hub
Take advantage of our newest free service, Invest Better!
New Fool-Branded Credit Card Available!
How does your card compare to ours?
Post of the Day:
Berkshire Hathaway

Coolidge Lessons for Today
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Facebook Fool Fan Club
Be a fan of the Fool over on Facebook!
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Get the Fool Phone App
Save and share content, zero in on sectors, podcasts, and much more!
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement