Overheard conversation in bar last night -- two executives talking....
Man #1: Are you going to the Tax Relief party on Friday?
Man #2: No, but since I just wrote a big check to the IRS I need some relief.
Man #1: Oh?
Man #2: Yes, back in the early 80's I invested in a tax shelter....., (goes on to describe it and I knew immediately which one he was talking about),.... "and it seems finally this December they sold the property! Got a big check. But just gave half of it back to the govt."
Man #1: What do you use?
Man #2: Oh, Turbo Tax.
Man #1: Yeah, me too.
(Me, thinking to myself
Chuckle......, and what did you do about all those suspended losses you have not been able to take since 1986?
Man #1: Are you going to the Tax Relief party on Friday?
Man #2: No, but since I just wrote a big check to the IRS I need some relief.
Man #1: Oh?
Man #2: Yes, back in the early 80's I invested in a tax shelter....., (goes on to describe it and I knew immediately which one he was talking about),.... "and it seems finally this December they sold the property! Got a big check. But just gave half of it back to the govt."
Man #1: What do you use?
Man #2: Oh, Turbo Tax.
Man #1: Yeah, me too.
(Me, thinking to myself
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