Guy Helvering
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I giving you the benefit of the doubt in assuming you had not researched the section titled “Amazing Facts About the Income Tax” that starts on page 1-51 of the most recent revision. “Fact #28” is such an egregious lie that it alone calls into question the validity of everything else in the document.
The relevant part of Fact #28 reads
Quote:Internal Revenue Code Section 6654(e)(2)© states:… “no tax liability…if….the individual was a citizen or resident of the United States throughout the preceding taxable year.That bit of nonsense was fabricated by pasting together 3 unrelated groups of words. The person who crafted that lie is without honor. Anyone who would knowingly spread it, as you have admitted to doing, is without shame.
Here is IRC ?6654(e) with the missing pieces added back.
Quote:(e) Exceptions(1) Where tax is small amount
No addition to tax shall be imposed under subsection (a) for any taxable year if the tax shown on the return for such taxable year (or, if no return is filed, the tax), reduced by the credit allowable under section 31, is less than $1,000.
(2) Where no tax liability for preceding taxable year
No addition to tax shall be imposed under subsection (a) for any taxable year if –
(A)
the preceding taxable year was a taxable year of 12 months,
(:cool:
the individual did not have any liability for tax for the preceding taxable year, and
©
the individual was a citizen or resident of the United States throughout the preceding taxable year.
I think you better re-verify a lot of your material. I suspect most will hold up to scrutiny as poorly as the transparently fraudulent Fact #28 did.
I was asking why you don't verify all the information before you include it. I don't know how to depersonalize a question about the practices of a particular person. As to citing chapter and verse, I assume you know what you have verified and what you haven't. If you have, in fact, verified every bit of information in the book, then say so.
It would never have occured to me to post this to an errata thread. Errata are minor errors that got through despite quality assurance procedures. That doesn't describe the material I encountered.
