Bob,
I admire your willingness to assist all of the handwringers. And gratis, no less! The patience of Job. I get it all the time even from people in my own office. Explaining the UCC code and District of Columbia statutes on property law. I learned 4 simple rules over 30 years ago that have helped. I sleep quite well obeying them.
1. Use/consult a tax professional.
2. Report your income.
3. Pay your taxes.
4 When in doubt refer to Rule #1.
I have used the same person since 1989 and the guidance has been invaluable.
__________________
'Integrity is what you do when no one is looking'
"The man who can keep a secret may be wise, but he is not half as wise as the man with no secrets to keep”
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