Larken Rose - Complying with the Tax Law (Part 2)

Just to remind you, the subject of this series of messages is how to properly COMPLY with the federal tax laws. For example, if your Uncle Fred gave you a gift of $200 last year, you should NOT have reported it on your tax return, because the tax code specifically says that gifts are NOT subject to the federal income tax (26 USC 102). It's not patriotic or noble to have reported such income on your return; it's an ERROR. It's income you're NOT SUPPOSED TO pay taxes on (because it's non-taxable).

Read more at Mark Yannone blog.