I believe his friend is wrong because if the loophole exists they have to honor it until laws change.

If they do not someone would raise heck with the IRS over it and IRS would investigate the employee and find he did wrong.

Maybe. I have no clue about IRS internal employee policies and procedures.

Greg,
I never caller super realtor a liar, either directly or indirectly. I said what his "friend" claims is nonsense. I was having a drink today with friends and mentioned this claim. One of the guys is a CFP and Enrolled Agent and he said that is nonsense and had a good laugh about it. According to him Congress writes the tax laws, not some bean counter at the IRS. He also said that it is truely rare for a loophole to be closed in less than 2-3 years time and by then they have found 20 more.

Ok. I just though the post you made sounded a little harsh but I should of known you always have good intentions! You help so many on here and I should have known better.

Sorry Paul.

Yeah like I said I really "think" his fiend is full of it too.

The IRS does not make the tax rules, lawmakers do. This is a simple fact of how our country operates, and it has nothing to do with inside knowledge we might have heard from our hairdresser's friend's cousin who used to work for the IRS.

As for your statement "The irs really is a big government scam that pilfers money for the government to pay specialist government programs" well, would you rather our country try to operate for free? Or maybe you'd rather do without highways, protection of the armed forces, the FBI, air traffic controllers, etc. Or maybe you would rather enjoy all those things ... but you feel someone else should pay for them. Maybe you just didn't happen to know that America enjoys some of the lowest taxes in the world, and our income taxes are pretty much at all time lows right now.

If you don't like where our tax dollars are going, or how the taxes are spread around, or anything else about America for that matter that's fine. Do something about it. Vote, get involved, maybe even run for office. The IRS works for you, for me, for all of us. They're not the enemy, they're just the guys at the cashier so to speak. We're the ones who set the prices and decide on what services we want America to provide.

Hey jflynn not a bad point of view!

I am impressed.

Can you share some examples supporting that our taxes are lower than other countries?

Like a link or cut/paste of some sort. That statement is very interesting.

Looks like I "misremembered" that. Oops.