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You may have seen the tough test used in the University of Georgia "Coaching Principles and Strategies of Basketball" class in 2001.
If tax practice were a big-time college sport, our college classes might have been a lot easier. They might have had questions like this:
1. On what day in the middle of April is Form 1040 due?
a) April 1
b) April 30
c) April 32
d) April 15
2. Form 1040 is due on April 15 unless you file:
a) for an extra year of eligibility
b) your nails
c) for free agency
d) an extension
3. The federal taxing agency is called
a) The NCAA
b) The Big 10
c) The SEC
d) The Internal Revenue Service
4. If you overpay your taxes, the IRS will:
a) Revoke your eligibility
b) Cancel your scholarship
c) reset the shot clock
d) Send you a refund.
Alas, tax practice will never be a spectator sport...
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to