Discussion:What is it about lawyers?

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{{ForumReplyPost|UserID=Snowbird|Date=29 November 2007|Text=It is every where ... a gal in Block's office trying to sell social security numbers when she finds out that you need only 2 to get maximum EIC. On another board, they were making fun of Huckabee's flat tax or national sales tax ... it is probably going to come down to that some day. I was always under the impression that the Europeans use the VAT because no one will pay the income tax. }} {{ForumReplyPost|UserID=Snowbird|Date=29 November 2007|Text=It is every where ... a gal in Block's office trying to sell social security numbers when she finds out that you need only 2 to get maximum EIC. On another board, they were making fun of Huckabee's flat tax or national sales tax ... it is probably going to come down to that some day. I was always under the impression that the Europeans use the VAT because no one will pay the income tax. }}
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 +{{ForumReplyPost|UserID=Bengoshi|Date=30 November 2007|Text=Hey now, lawyers are usually fine folk...true, sometimes we get carried away, especially tax lawyers. We're branded as the "boring" breed of attorneys -- short, old farts with hair loss problems. In order to counteract this untrue stereotype, we try to show our "creative" and "dangerous" side through tax shelter plans and what-not. Sometimes we get caught and articles about us come out. Can't be helped.
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 +But seriously from what little I've seen, doctors do tend to read about investments and tax related articles more frequently than other lay people. Maybe they get ideas and seek out advice, thereby getting exposed to bad advice from time to time. I don't know...}}

Revision as of 09:33, 30 November 2007

Discussion Forum Index --> Tax Questions --> What is it about lawyers?

Death&Taxes (talk|edits) said:

29 November 2007
http://www.delcotimes.com/WebApp/appmanager/JRC/Daily?_nfpb=true&_pageLabel=pg_article&r21.pgpath=%2FDCT%2FNews&r21.content=%2FDCT%2FNews%2FTopStoryList_Story_1182216

CrowJD (talk|edits) said:

29 November 2007
The times they are a changin'. I think it's safe to say the party is over for these people that have been running tax scams. They even had a bag lady to haul the cash away. But, don't forget about the doctors, either. I think they must teach tax evasion in medical school.

Actionbsns (talk|edits) said:

29 November 2007
I don't think it's unique to doctor's or lawyers. First you need someone who is willing to help them who is knowlegeable in tax preparation and laws. Then greed takes over. Sometimes people are so bamboozled by the guy who is willing to help out that they go along with whatever he/she says, they don't stop to think about whether or not what they are doing is legal. They just think it's great that their tax guy can perform such wonderful magic. A few years ago I was involved in a similar incident with a CPA in California, many of his tax clients were my bookkeeping clients. Often, they were like lambs going off to the slaughter. The CPA was highly educated, had lots of letters after his name, spoke professionally and confidently - until armed IRS agents came to his office and started rifling through his stuff, then he was just arrogant. Mostly it's relative to human nature more than your professional field. So much for professional designations and such - it all boils down to the ethics of the individuals involved.

KatieJ (talk|edits) said:

29 November 2007
I'm sure it isn't unique to doctors and lawyers by any means, but when I was a California FTB auditor many years ago I was amazed to find out how many doctors would rather give their money to any wild-a** promoter than pay taxes. My own MD's financial adviser was a tax shelter promoter whom I had once helped to prosecute! And my doctor swore by the guy!

CrowJD (talk|edits) said:

29 November 2007
That's right Katie, and the doctors are the absolute worst investors on earth. I think their education is very one dimensional, but they don't know it...

Snowbird (talk|edits) said:

29 November 2007
It is every where ... a gal in Block's office trying to sell social security numbers when she finds out that you need only 2 to get maximum EIC. On another board, they were making fun of Huckabee's flat tax or national sales tax ... it is probably going to come down to that some day. I was always under the impression that the Europeans use the VAT because no one will pay the income tax.

Bengoshi (talk|edits) said:

30 November 2007
Hey now, lawyers are usually fine folk...true, sometimes we get carried away, especially tax lawyers. We're branded as the "boring" breed of attorneys -- short, old farts with hair loss problems. In order to counteract this untrue stereotype, we try to show our "creative" and "dangerous" side through tax shelter plans and what-not. Sometimes we get caught and articles about us come out. Can't be helped.

But seriously from what little I've seen, doctors do tend to read about investments and tax related articles more frequently than other lay people. Maybe they get ideas and seek out advice, thereby getting exposed to bad advice from time to time. I don't know...