Cincinnati Tax Resolution - May 2025

Cincinnati Tax Resolution Powered by Toph Sheldon 9200 Montgomery Rd., Ste. 7B Cincinnati, OH 45242

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513-513-8674 513TAX.COM

INSIDE

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In IRS Layoffs, a Silver Lining for Taxpayers

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Meet the Voltage DaVinci Playing a Waiting Game With the IRS Ashley’s Corner: Why Teacher Assignments Get Parents Talking Silky Chocolate Mousse

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Existential Crisis? Hemingway’s Views of the IRS

FOR WHOM THE TAXMAN COMETH: HEMINGWAY’S LIFELONG ANGST OVER TAXES Toph’s Tax Nightmares

The famed author Ernest Hemingway was well-known for taking risks and suffering

agents “would twist … and what they would insist was evasion,” Hemingway wrote.

Hemingway did have some legitimate tax issues in that era of 90% marginal tax rates. He typically worked on his books for years, then received the bulk of his income from each project in a single year, in the form of royalties and movie rights. The options in the 1930s were limited for distributing income backward over the multiple tax years required to produce a work of art. So, the government dipped deeply into Hemingway’s accounts. Congress partly fixed the problem in 1942. In one of his most creative preoccupations, Hemingway reasoned that if businesses were allowed to take depreciation deductions on capital equipment, he should be able to claim deductions on his body — which, he argued, he had worn out in efforts to advance his writing, in airplane crashes, car accidents, and other mishaps. Although Hemingway was preoccupied with money throughout his life, he wrote that he was proud of paying his taxes. “I need money, badly,” he wrote, “but not badly enough to do one dishonorable, shady, borderline, or ‘fast’ thing to get it.”

setbacks, including serious injuries in wartime battles

and plane crashes. Few people realized that one of his chronic worries was the IRS.

Filing and paying his taxes was a constant source of stress for the Nobel Prize-winning

author, according to an analysis by TaxNotes.com, based on research published by the Hemingway Foundation and Society. Hemingway was no tax evader. He regarded paying taxes as a moral obligation. But although he had tax help from his lawyers, he fretted about whether he had calculated his taxes correctly and whether he might be audited. He sometimes imbued his characters with similar fears. In his 1937 novel “To Have and Have Not,” a wealthy grain broker lies awake at night on his yacht, worrying about an IRS audit. The broker seethed with resentment over the agency’s power and fretted about what

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