 | Ficco provided some basic guidelines for taxpayers to adhere to in pattern to avoid the right stuff issues with the IRS. He emphasized the importance of understanding the concept of basis in asset transactions. Essentially, taxpayers forced to recognize the initial price of the asset and accede the gains made upon its sale. Ficco emphasized that taxpayers should honour notice to the imbalance between the getting and trading prices, as this would conclude the taxable gain
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