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Taxpayers Must Follow The Rules, Even When It Doesn’t Feel Fair

Oct. 22, 2020, 8:46 AM

My kids have a definite sense of what’s fair. Maybe that’s the baggage that comes with being the children of two lawyers. But I often have to explain that following the rules is important, even if the end result doesn’t feel “fair.”

That’s true for taxpayers, too. Just ask the Giambrone brothers.

Michael and William Giambrone worked together in the mortgage business. They started a bank that they owned through a holding company. Unfortunately, the bank struggled from the beginning, and the brothers went in search of ...