Magazine article The CPA Journal

Laughing through Tax Season

Magazine article The CPA Journal

Laughing through Tax Season

Article excerpt

When humor goes, there goes civilization.

-Erma Bombeck, late US humorist and columnist

Editor's note: We can't say that we feel your pain during tax season, dear readers, but we do survive crunch time once a month each time we near the magazine's publishing deadline. In the spirit of camaraderie-and because jokes (and taxes) keep the world spinning-here are the top 11 tax rules the 1RS didn't tell you, generously shared by columnist Jay Katz. Read this before you call the Taxpayer Advocate.

Here Are Some 1RS Announcements You May Have Missed:

* The 1RS warns ranchers who do not pay their taxes that it will not hesitate to lien beef.

* A penny for your thoughts will now be indexed for inflation.

* Modest cost of living adjustments will hereinafter be referred to as Diet COLA.

* The team that won the coin toss at the Super Bowl will have to report it in gross income.

* The 1RS intends to audit profitable dry cleaners in order to stop money laundering. …

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