Episode 2 - Aboui v. Commissioner

Buy here pay here car dealership, bad accounting record access, and an aggressive IRS agent all combine for a few million dollars in tax assessed.

But the good guys get a win in this case and Aboui gets major tax relief mostly from some IRS missteps.

We talk about:

- Cohan rule (what happens when accounting is bad)

- S-Corp taxation on distributions

- Types of audit techniques the IRS will use