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A common tax mistake is investing all the proceeds in tax-exempt municipal bonds.
He pushed for years to persuade European governments to adopt common tax practices, a Sisyphean task that remains mostly unfinished.
But the Internal Revenue Service includes misuse of donor-advised funds among its most common tax abuses.
The UK's impending departure from the EU in 2019 could make it easier to agree common tax measures.
That system, the Interactive Tax Assistant, answers seven common tax questions, is driven by about 1,300 rules, and contains around 200 question screens.
Since 1998 the Organisation for Economic Co-operation and Development (OECD) has attempted to impose common tax regulations on more than three dozen small states.
The bill contained provisions creating a "learning community" to include 11 school districts in the Omaha area operating with a common tax levy while maintaining current borders.
David Gauke, financial secretary to the Treasury, told representatives from the European parliament that Britain would not adopt the measures to introduce certain common tax rules.
A second is the fear that a common corporate-tax base will be the first step to a common tax rate.
US-owned GE Healthcare is based in the UK but has a parent company in the Netherlands, a common tax haven.
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Some of the smaller among the 12 banks were running what has become quite a common tax-evasion scheme.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com