|
People who have regulatory oversight need to have appropriate education and experience to apply that oversight. They have the power to make or break peoples' lives and livelihoods. When we put people without the necessary qualifications and experience, bad things happen.
A specific experience with an IRS examiner comes to my mind. This person had been promoted up from a individual tax return (1040) review position into one where she was reviewing business returns. No accounting background, zero knowledge of balance sheets, double entry bookkeeping, etc. Not qualified to render an opinion on my client's business and personal tax situation (multiple S-Corps all flowing into the client's 1040). No amount of factual arguments could stop her from writing the poor guy up for a huge and unjustified tax bill.
Our laws are extremely complex. You shouldn't have simpletons given carte blanche to interpret these laws at their dimwitted whim...but we do.
__________________
Jacob
Current: 1983 911 GT4 Race Car / 1999 Spec Miata / 2000 MB SL500 / 1998 MB E300TD / 1998 BMW R1100RT / 2016 KTM Duke 690
Past: 2009 997 Turbo Cab / 1979 930
|