I went to Bruce R. Hopkin's seminar on "The Law of Tax Exempt Organizations," which used his text of the same name . It was last week in Arlington. The guy is a nonprofit law rockstar and, where I found applications to what he was saying, the content was fairly interesting. When he got off on charities and museums and all that stuff, I kind of glazed. Most of the people there were CPAs or tax lawyers, so it was quite a high level of discourse. My big takeaways were this: 1) The tax code is very complicated, and it's okay to have even fairly basic questions. People who are afraid to act dumb and ask the questions are sorry later when they're asking even dumber questions. 2) The tax code sucks. Why should it be so complicated and why should an entire industry have to exist to keep people from losing their shirts to the government? And UBI is a minefield. 3) The IRS is riding nonprofits really hard right now, and congress could tighten up on them. I have mixed feeli...
Reading management texts and the text of life.