Tax
Apr. 4, 2017
With IRS, better to ask for permission or forgiveness?
An IRS ruling on an issue is clearly best if you can get it. Yet, you can't always get it. What's more, in some cases it can be dangerous to ask. By Robert W. Wood
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
There's an old adage that to get ahead, it is sometimes better to beg for forgiveness than to ask for permission. It isn't a crazy concept. We make such decisions frequently in our business and personal lives. Even though asking advance permission may be most polite, many of us have learned that hard way that sometimes you are better off not asking.
This concept can even be applied to the IRS. After all, do you want to ...
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