It used to be tax deductable to bribe government officials of foreign governments.
Unrelated, if you get bribed in time with a hooker do you report it based on what she charges or fair market rate or is there a set amount? I feel like someone at the IRS sat down and came up with an answer to this.
It’s a separate form complete with nine pages of instructions outlining how to calculate market values based on region and services rendered. The formula isn’t helpful, so in the end you just put in half of what you paid and hope you don’t get audited.
IRS agent: so you put down that you received a “Cincinnati Steamer” as part of your compensation for employing this vendor.
Dude: that’s right
IRS agent: please describe what goes into a Cincinnati Steamer so I can assign it to a category or categories. Also do you happen to have her W2s and social security number?
Dude: sure, and no I don’t have her paperwork. Surprisingly she didn’t share it with me.
It used to be tax deductable to bribe government officials of foreign governments.
Unrelated, if you get bribed in time with a hooker do you report it based on what she charges or fair market rate or is there a set amount? I feel like someone at the IRS sat down and came up with an answer to this.
It’s a separate form complete with nine pages of instructions outlining how to calculate market values based on region and services rendered. The formula isn’t helpful, so in the end you just put in half of what you paid and hope you don’t get audited.
Must be an interesting audit.
IRS agent: so you put down that you received a “Cincinnati Steamer” as part of your compensation for employing this vendor.
Dude: that’s right
IRS agent: please describe what goes into a Cincinnati Steamer so I can assign it to a category or categories. Also do you happen to have her W2s and social security number?
Dude: sure, and no I don’t have her paperwork. Surprisingly she didn’t share it with me.