Today, in Federal Income Tax class we was discussion ordinary and necessary deduction. A story broke out that a stockbroker went to court because he deducted premiums paid on life insurance of a U.S. President. He believed that the death of this President would disrupt the stock market. The court denied his deduction.

If you don't find this funny, please come get me out of class and take me on a much needed deep sea fishing trip..It's the funniest thing I've heard in the last two weeks.....

Class sounds painful.

Wait....... What....... I dont get it........

The only thing I remember from my tax classes (12 years after taking them) is that they sucked!

The only thing I remember from my tax classes (12 years after taking them) is that they sucked!

Try taking it in the summer where the class is three weeks long five days a week for 4 hours. We had a test yesterday, another on Friday, then next week we got tax return project due and a final exam then the class is over. The tax return project has 4 pages worth of financial information that has to go on tax return forms.....We got three weeks to complete it. It's pretty ridiculous. Oh well.

Also, the professor finally said something funnier.."If you walk out of this classroom today and discover $100 on the floor, it's reported as gross income. Since I doubt anyone in here will do that we will not discuss asset discovery tax any further."

You've got how long to put four pages of info onto a tax return?

Wait until you get the client that brings you an entire box full of receipts, 10 of 12 bank statements, and two empty cigarette packs, while explaining that he'll be back after lunch to sign the returns!

You tax people have a weird sense of humor. I know. I'm married to a CPA.

You've got how long to put four pages of info onto a tax return?

Wait until you get the client that brings you an entire box full of receipts, 10 of 12 bank statements, and two empty cigarette packs, while explaining that he'll be back after lunch to sign the returns!

I'll tell you what, if someone walks into my office with box full of receipts, 10 of 12 bank statements, and two empty cigarette packs, I'll send him to your office while I go fishing.

I'll tell you what, if someone walks into my office with box full of receipts, 10 of 12 bank statements, and two empty cigarette packs, I'll send him to your office while I go fishing.

now thats funny haha