By the time this blog is posted, Halloween will have just passed and Election Day will be right around the corner. As I don’t want my hair to be completely grey or completely gone by the time I turn 26, in this post I am going to focus on the less frightening of the two.
This past Thursday, tax law extraordinaire Professor Oei kept the mood light by wearing a full-body Appa costume to remote-class in both the spirit of Halloween and also in light of the shared experience many of us had watching (or re-watching) Avatar: The Last Airbender when it was released on Netflix right at the start of the Covid-19 quarantine. “Appa” is a flying sky bison from the television show, pictured below, and if you needed that explained to you then (1) shame on you, but (2) go watch the show because you’re in for a real treat.
How could the Appa costume have possibly been tied into our discussion of statutory deductions for business and trade expenses in the Internal Revenue Code, you ask? With a little bit of creative lawyering, Professor Oei found a way.