When accounting goes unaccounted for
Yes, it's just a small bump on the road to April 15th, and both are mere pit stops towards September 15th and October 15th, but it would be remiss if we did not acknowledge the first major tax filing deadline of the year.
If this marks the end of your busy season, congrats on surviving. If this is just a blip, at least use the day as an excuse to get some free ice cream.
Note: “tax cheats” means you if you are hiding money in foreign lands, running a small business, and/or self-employed. You’re off the hook if you’re in charge of the Treasury, apparently.
Celebrities suck at taxes. This is known. From Young Buck to Jaime Pressly, there are no shortage of talented-ish people that find themselves in a world of hurt when in comes to complying with the IRC. How any accountants to the stars manage to keep their clients from completely losing their shit this time of year is anyone’s guess.
Luckily for us (everyone out there seems to be suffering from a busy season hangover), a couple of videos we stumbled across more or less put this niche expertise into perspective:
Alan Kaufman, Rock Star Accountant from Dan Meth on Vimeo.
The question over at TV.com, however, is whether or not SNL got its idea for Mort Mort Feingold, Celebrity Accountant from Alan Kaufman, rock star accountant. You can debate that if you feel so inclined but the realism of each is what’s noteworthy here. Anyone with firsthand experience in the A, B, C, or D celebrity clients is invited to share anecdotes at this time.
“If there are Republicans who break with Grover Norquist’s position, I think that’s an important thing,” said Clint Stretch, managing principal of tax policy at Deloitte Tax LLP in Washington.
“I think it signals a willingness on their part to have the fight with him over whether every tax expenditure is a legitimate reduction in effective tax rate, or whether there are some that should be regarded the way they regard spending programs.” [Bloomberg, Earlier, Earlier]