No Longer Useful
Open full sizeDebits & Credits, October 4, 2026. Laughs are nonrefundable.
Transcript. Panel 1, an IRS clerk pins Notice 2026-58 to the board. The notice reads 71 items revoked, 1954–2024. Clerk: “Obsolete. They no longer provide useful information.” Panel 2, in the library, a junior holds a yellowed revenue ruling stamped 1954. Junior: “We cited this on Tuesday.” Partner: “They noticed on Tuesday.” Panel 3, Debit at his desk, red pencil in hand, mug reading “It depends,” a file labeled BRING THE FILE. Debit: “The ruling is dead. The facts are not.”
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This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · carlos@lapresallc.com · (917) 558-6393.