Oh, poor Mac! How very taxing! Unfortunately it's bad form not to file. Your excellent record as a law-abiding citizen will be defiled if you don't. You'll need to Schedule A time to get it done, I'm afraid. The folks at the IRS will think it's audit isn't done by April 15th if you don't.
On the upside, I'm sure that the 23 Swiss Army Knives, the 58 rolls of duct tape, and various other disposables are all tax deductible business expenses...
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On the personal side, the agonizing side of having a kid applying to college is that one needs to do one's taxes HIDEOUSLY early in the year. The upside of this is that I was allll done with this process in February, and will be for the next 3 years. Poor, but done. And yes, the icon is pretty accurate about how much fun the process is, and that isn't the IRS part, it's the ghastly ever-shifting overly-detailed CSS Profile financial aid form put out by the College Board folks. Thank goodness that at the college Middle Daughter will attend, that one is used only for incoming freshmen!
[quote] On the upside, I'm sure that the 23 Swiss Army Knives, the 58 rolls of duct tape, and various other disposables are all tax deductible business expenses...[/quote] LOL I'd like to see that. I bet there are some interesting stories traded around by the auditors.
The Scene: A nondescript office in the L.A. Federal Building
IRS Auditor: Mr. MacGyver, I've seen some unusual claims for business expenses in my time, but this list! You're asking me to believe that these items are deductible business expenses? What exactly is it that you do, Mr. MacGyver?
[A knock on the door]
Young Man: Oh, sorry, Mr. Bergeron, I didn't realize you had a case in here. I have this package for you... and it's beeping!!!
Mac: Put it down here if you don't mind...gently! Good. Stand back if you don't mind, Mr. Bergeron and..? [looks inquisitively at the young man]
Young Man: Brad, sir.
[Mac takes out his Swiss Army knife and begins to carefully slice the tape holding the brown paper bag wrapping off the package to reveal the bomb. He then puts the knife attachment back in place, and pulls up the screwdriver, pulls the duct tape out of his back pocket, and calmly unplugs the modular phone cord from the wall and the desk phone and starts to strip it down for the wires, because the IRS official's newfangled paper clips will not do the job. In a few moments, the bomb is defused.]
MacGyver: You asked me what I do? Well, I'm a troubleshooter for the Phoenix Foundation, and that's what I do [gestures at defused bomb]... among other things. [grimace of inadequate explanation]
Mr Bergeron: I see. Bradley, seeing as I don't have a working phone could you go next door and ask Mrs. Donnelly to call security? [mops brow with handkerchief, reseats himself at his desk] I think that under the circumstances these deductions seem entirely reasonable. You are free to go, Mr. MacGyver, and I will make a notation in your file so that you may expect to take such deductions in future years without having to be subjected to an audit.
Mac: Sorry about the phone cord.
Mr. Bergeron: No problem, Mr. MacGyver.
Mac: I could rig you up another with the cord for the desk lamp if you're in a hurry to use the phone...
Mr. Bergeron: No, actually, it will be kind of pleasant to avoid the interruptions for a while. You've done me more than one favor Ang--
Mac: MAC! [more calmly] Call me Mac, please! All my friends do.
Not to mention the trouble of keeping all those receipts organized and filed in the limited space of his houseboat. Still, maximizing all the savings he can muster from taking that home office deduction helps pay his marina fees each year, so the hours of collating and typing are financially worth it, and he's written the DOS program for the spreadsheet he needs to get it all as automated as possible on his classic PC, and he backs it up on those '80's style big floppy disks...
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On the upside, I'm sure that the 23 Swiss Army Knives, the 58 rolls of duct tape, and various other disposables are all tax deductible business expenses...
~~~~~~~~~~~~~~
On the personal side, the agonizing side of having a kid applying to college is that one needs to do one's taxes HIDEOUSLY early in the year. The upside of this is that I was allll done with this process in February, and will be for the next 3 years. Poor, but done. And yes, the icon is pretty accurate about how much fun the process is, and that isn't the IRS part, it's the ghastly ever-shifting overly-detailed CSS Profile financial aid form put out by the College Board folks. Thank goodness that at the college Middle Daughter will attend, that one is used only for incoming freshmen!
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IRS Auditor: Mr. MacGyver, I've seen some unusual claims for business expenses in my time, but this list! You're asking me to believe that these items are deductible business expenses? What exactly is it that you do, Mr. MacGyver?
[A knock on the door]
Young Man: Oh, sorry, Mr. Bergeron, I didn't realize you had a case in here. I have this package for you... and it's beeping!!!
Mac: Put it down here if you don't mind...gently! Good. Stand back if you don't mind, Mr. Bergeron and..? [looks inquisitively at the young man]
Young Man: Brad, sir.
[Mac takes out his Swiss Army knife and begins to carefully slice the tape holding the brown paper bag wrapping off the package to reveal the bomb. He then puts the knife attachment back in place, and pulls up the screwdriver, pulls the duct tape out of his back pocket, and calmly unplugs the modular phone cord from the wall and the desk phone and starts to strip it down for the wires, because the IRS official's newfangled paper clips will not do the job. In a few moments, the bomb is defused.]
MacGyver: You asked me what I do? Well, I'm a troubleshooter for the Phoenix Foundation, and that's what I do [gestures at defused bomb]... among other things. [grimace of inadequate explanation]
Mr Bergeron: I see. Bradley, seeing as I don't have a working phone could you go next door and ask Mrs. Donnelly to call security? [mops brow with handkerchief, reseats himself at his desk] I think that under the circumstances these deductions seem entirely reasonable. You are free to go, Mr. MacGyver, and I will make a notation in your file so that you may expect to take such deductions in future years without having to be subjected to an audit.
Mac: Sorry about the phone cord.
Mr. Bergeron: No problem, Mr. MacGyver.
Mac: I could rig you up another with the cord for the desk lamp if you're in a hurry to use the phone...
Mr. Bergeron: No, actually, it will be kind of pleasant to avoid the interruptions for a while. You've done me more than one favor Ang--
Mac: MAC! [more calmly] Call me Mac, please! All my friends do.
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If he opted to itemize his deductions, it would be, like, a very, very long MasterCard commercial.
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