Episode 14 - Nwafor v. Commissioner

Midwit meme meets Tax Court.

How a taxpayer used one-sided journal entries to reduce income and inflate expenses to the tune of $200,000+.

bUt ThE wOrK iS wOrTh sO MuCh mOrE! is a common reply when I tell people they can't write off X, Y, or Z as "donations" when they didn't pay tax on the income.