IRS Rejects S Corporation's Ordinary Deduction For Worthless Subsidiary Stock

Hey you. Yeah, you. Mr. Budding Tax Advisor. 2016 is going to be your year. This is the year you finally liberate the dust from those eight volumes of Code and Regulations that have served as little more than desktop adornments for the majority of your career and learn what they actually have to say. After all, no one wants to be a fraud.