Ficco provided some fundamental guidelines destined for taxpayers to adhere to in pattern to steer clear of potential issues with the IRS

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Ficco provided some underlying guidelines
after taxpayers to adhere to in kind to keep off dormant issues
with the IRS. He emphasized the importance of covenant the concept of basis
in asset transactions. Essentially, taxpayers requisite accept the
sign expenditure of the asset and answer the gains made upon its sale.
Ficco emphasized that taxpayers should pay attention to the contrariety dispute between the
procurement and sale prices, as this would conclude the taxable gain