Did you ever notice: When you put the words "The" and "IRS" together, it spells "THEIRS?"
Here we are … April 15. Biggest day on the CPA calendar. Just a few more hours and we can put another tax season to bed.
Just enough time for a few more laughs at the Tax Man's expense.
First ...
... there's this NPR / Planet Money report from Chana Joffe-Walt, who asks: Why can't they give our credits and deductions simple, easy-to-understand names?
CPAs from coast to coast -- including MACPA friends and young-CPA movers and shakers Greg Kyte and Shayna Chapman -- have been working on an answer, and they shared their ideas with Joffe-Walt.
Cases in point: Chapman says the mortgage interest tax deduction should be called the "we want you to spur the economy by buying a house" deduction.
Kyte disagreed. He'd call it the "help create the next housing bubble" deduction.
Listen to the NPR story in its entirety.
Our next laugh ...
... isn't exactly of the funny-ha-ha variety. More like funny-peculiar.
It's a Pew Research report that finds one-third of Americans actually like to do their taxes. People with household incomes of less than $30,000 were most likely to enjoy the annual chore.
"The most common reason people gave for being a fan of tax time is that they like getting a refund," NBC Today reports. "Others said they thought they were good at it."
Finally ...
... there's David Letterman's annual ode to tax season -- a Top 10 List featuring New York City-area accountants. This year's topic: Top 10 things you don't want to hear from your accountant.
My favorite: "Ignore the blood stains."
Happy home stretch, everyone!