I am amazed at the media at or around April 15 attempting to explain that there are actual significant tax savings available at this late date. Yes, there are some minor tax savings, but most of the damage has already been done and there is no actual value in trying to reduce your tax bite at this time.
Imagine you’re a hardworking pot dealer just trying to operate an honest shop in the newly legal marijuana industry. You get audited, and the examiner hits you with a $290,000 bill. He then asks to talk “off the record,”
Every once in awhile, some knucklehead in a position of power at one of the world’s biggest businesses does something so incredibly stupid, you wonder how they can remember to put their shoes on before they head to work in the morning. Bernie Madoff did it for decades by running a classic Ponzi scheme out of his New York office.