What are the odds?

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  • powerage
    Senior Member
    • Dec 2008
    • 169

    #1

    What are the odds?

    This is my 5th season and I've done around 800 returns or so and this has never happened to me before.

    Yesterday I had a client whose birthday is 08/07, and a client today whose son had the same birthday. My birthday is 08/07. I have some lottery numbers now.
    If I'm wrong, please correct me, because I don't have the tax knowledge y'all have. Cheers!

    admin@badfloridadrivers.com
  • RitaB
    Senior Member
    • Jul 2008
    • 1382

    #2
    Cool!

    I once had a client where the withheld tax was exactly right. No refund, no amount due. Checked it about five times before I called him.
    If you loan someone $20 and never see them again, it was probably worth it.

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    • ChEAr$
      Senior Member
      • Dec 2005
      • 3872

      #3
      Originally posted by RCooper
      I once had a client where the withheld tax was exactly right. No refund, no amount due. Checked it about five times before I called him.
      I used to see that often on Georgia returns. But the "oddest" refund I ever saw
      was a federal refund of 1040. $ that is.
      ChEAr$,
      Harlan Lunsford, EA n LA

      Comment

      • Burke
        Senior Member
        • Jan 2008
        • 7068

        #4
        Originally posted by RCooper
        I once had a client where the withheld tax was exactly right. No refund, no amount due. Checked it about five times before I called him.
        I have done taxes for 34 years. It's only happened to me twice.

        Comment

        • Black Bart
          Senior Member
          • Jun 2005
          • 3357

          #5
          Talking about numbers,

          you ever notice when you're doing a C/E/F and you're finishing up, how often you'll get a "suspicious"-looking number like $5,000 even net profit or maybe exactly $20,000 net sales after you plug-in cost of sales and inventory?

          Sometimes I'll "massage" it a few bucks to get rid of that and danged if it doesn't give me a round number somewhere else that I don't want to bring attention to and don't want IRS to think I pulled the numbers out of the air.

          Comment

          • Lion
            Senior Member
            • Jun 2005
            • 4699

            #6
            Birthdays

            My dad's birthday was July 19. When I married Steve, he has a daughter with a birthday of July 19. Then, my son started dating and is still with his girlfriend whose birthday is July 19. Those are our only two children. I think they all belong in my family!

            My son's girlfriend is Schwartz; Steve's daughter's boyfriend is Swartz.

            Comment

            • gboykin
              Senior Member
              • Nov 2009
              • 124

              #7
              Client yesterday got back EXACTLY what his refunds were from Federal and NC last year. All different income and deduction numbers, but same refunds.
              Gary B., E.A.
              ____________________________________
              I make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information.

              Comment

              • luke
                Senior Member
                • Dec 2008
                • 437

                #8
                birthday

                In 22 years have had 2 tax clients with same birthday (09-09) as mine (one was even same year) - Both of them were a little "flaky" - Mmmmm

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                • Lion
                  Senior Member
                  • Jun 2005
                  • 4699

                  #9
                  09-08

                  I'm 09-08 and not a bit flaky!

                  Comment

                  • JohnH
                    Senior Member
                    • Apr 2007
                    • 5339

                    #10
                    Actually, if you get a random group of 30 people together, there's about a a 70% chance that two of them will have the same birthday. Increase the number of people to 50 and the probability increases to 97%.

                    That isn't the same as starting with one person (yourself) and calculating the odds of another person having the same birthday, but with a large client population you'd expect quite a bit of duplication.
                    Last edited by JohnH; 01-31-2010, 11:59 PM.
                    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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