In Finland, Everyone's Tax Returns Are Published Reality television has introduced us all to the joy of the "big reveal." HGTV specializes in this sort of story. The perky couple, handsome brothers, or plucky first-time homeowners spend most of an episode covered in...
Profit & Tax Blog
Accountants Behaving Badly, Part 40
Accountant Charged With 'Theft By Swindle' Big-league baseball players like the ones who just wrapped up the World Series enjoy careers that last 5.9 years on average, and with 162 games per year, they enjoy lots of chances to be heroes. But eventually, even the best...
A Scary Disconnect
The "Double-Entry Bookkeeping" System, Legend holds that in 1494, an Italian friar named Luca Pacioli was sitting under an apple tree when an apple bounced off his head. In a flash of insight, he invented the "double-entry bookkeeping" system where each entry has a...
The Taxpayer Who Never Was
Pseudocide & Taxes Life is full of ups and downs, and sometimes the downs can be so low that it doesn't feel like there's ever going to be an up again. How many people have dreamed of faking their own death and disappearing under a new identity, never to return to...
Don’t Let These Guys Catch You Paying Taxes!
IRS Investigates Business Owners for Paying Their Taxes Streaming TV services like Netflix have changed how we watch television, dropping an entire season of a series at once for us to binge on. They've even breathed new life into "quality television," a phrase that...
Something to Fight About!
Whiskey Played a Role in Tax Protest Fall is officially here, and that means whiskey season is back. Most drinkers probably don't think much about taxes when they visit their favorite bar or spirits shop. Liquor levies are generally based on volume, not price, so you...
All Fun and Games
Transfer Pricing: The Game Some of the world's most popular board games give players the chance to live out professional fantasies. Aspiring property sharks can cheat each other with the classic Monopoly. Would-be Sherlock Holmeses can track down killers...
R-E-S-P-E-C-T the Plan
Why It's Important to Create a Will Aretha Franklin left this world with a musical legacy for the ages. The Queen of Soul started singing for her father's "gospel carnival tours" at 12, cut her first record at 18, and scored her first hit a year later. She went on to...
Floating Palace, Indeed!
DeVos Family Yacht Flies Foreign Flag and Avoids US Taxes This week's story is a briny chowder of petty vandalism, tax avoidance, partisan posturing, and flat-out misinformation. There's probably something in here to offend everyone. So buckle your seat belts and get...
Can You Imagine the Smell?
Regulations Eliminate Charitable Deductions for Gifts The Infinite Monkey Theorem holds that if you sit an infinite number of monkeys down at an infinite number of typewriters, eventually one of them will bang out the complete works of William Shakespeare — or, at the...