Occupation

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  • Possi
    Senior Member
    • Mar 2006
    • 1432

    #1

    Occupation

    What would you put as the "occupation" for a spoiled little rich girl living on her daddy's trust fund while partying away in South Africa?

    Aside from "unemployed" I am sure collectively we can come up with something....

    "spork" (spoiled rich kid) ??
    "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey
  • Gretel
    Senior Member
    • Jun 2005
    • 4008

    #2
    Possi, what makes you so mad at her? How does it show that she is spoiled?

    Maybe "Party Queen" would be appropriate?

    Comment

    • BOB W
      Senior Member
      • Jun 2005
      • 4061

      #3
      Heir........ Is that how it is spelled...???
      This post is for discussion purposes only and should be verified with other sources before actual use.

      Many times I post additional info on the post, Click on "message board" for updated content.

      Comment

      • Possi
        Senior Member
        • Mar 2006
        • 1432

        #4
        Not mad...

        Originally posted by Gretel
        Possi, what makes you so mad at her? How does it show that she is spoiled?

        Maybe "Party Queen" would be appropriate?
        I know her... was just poking fun, really.
        "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

        Comment

        • Possi
          Senior Member
          • Mar 2006
          • 1432

          #5
          yes!

          Originally posted by BOB W
          Heir........ Is that how it is spelled...???
          That's a good one! Heir with a wild Hair!
          "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

          Comment

          • ChEAr$
            Senior Member
            • Dec 2005
            • 3872

            #6
            All kidding aside, I don't even list an occupation any longer for a new client. Of course
            software tends to bring over previous occupation if listed, so I just let that ride if still
            accurate.
            ChEAr$,
            Harlan Lunsford, EA n LA

            Comment

            • taxea
              Senior Member
              • Nov 2005
              • 4292

              #7
              Daddy's Girl, Brittney wannabe, Spending Daddy's Money, Trust Fund Baby...need I go on?
              Believe nothing you have not personally researched and verified.

              Comment

              • DaveO
                Senior Member
                • Dec 2005
                • 1453

                #8
                South Africa, while beautiful, is a dnagerous country. Too much flaunting of her wealth and they might call her "missing". Can't be too careful abroad.
                In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
                Alexis de Tocqueville

                Comment

                • Burke
                  Senior Member
                  • Jan 2008
                  • 7068

                  #9
                  Originally posted by Possi
                  ....

                  "spork" (spoiled rich kid) ??
                  I love that one!

                  Comment

                  • erchess
                    Senior Member
                    • Jan 2007
                    • 3513

                    #10
                    On a serious note

                    is it really no longer necessary to give an occupation? When I started in the business (92) I was told they wanted a straight answer and used it in determining whether income reported was reasonable for that occupation or perhaps an examination was in order. Then at some point I heard that what you put really wasn't important but the company wanted us to put something. However, I never got a cite even for that opinion. It was the opinion of a big company that was contractually obligated to pay any penalties that might come my way unless it could show that I had willfully ignored my training so I just did what they said.

                    Comment

                    • ChEAr$
                      Senior Member
                      • Dec 2005
                      • 3872

                      #11
                      Originally posted by erchess
                      is it really no longer necessary to give an occupation? When I started in the business (92) I was told they wanted a straight answer and used it in determining whether income reported was reasonable for that occupation or perhaps an examination was in order. Then at some point I heard that what you put really wasn't important but the company wanted us to put something. However, I never got a cite even for that opinion. It was the opinion of a big company that was contractually obligated to pay any penalties that might come my way unless it could show that I had willfully ignored my training so I just did what they said.
                      Since the occupation listed is supposed to be one's present occupation, it doesn't follow that IRS would want it just to correlate it with income. One could have been
                      a highly placed executive for the tax year in question with huge deductions, but
                      now, being laid off, works as a grocery bagger. (Yes, true case, down near Tampa)
                      ChEAr$,
                      Harlan Lunsford, EA n LA

                      Comment

                      • Lion
                        Senior Member
                        • Jun 2005
                        • 4698

                        #12
                        Current or tax year?

                        Do we put the client's CURRENT occupation, or their occupation during the tax year we are preparing? As, you say, one could be executive and the other unemployed or retired. I'd heard through the grapevine that the IRS used the occupation to judge deductions as reasonable or not, so I've used the occupation during the bulk of the tax year of the return.

                        Comment

                        • taxxcpa
                          Senior Member
                          • Nov 2007
                          • 978

                          #13
                          Occupation

                          I don't know what occupation half of my clients are in. I either leave it blank or put in something like XYZ, Inc employee.

                          Comment

                          • BP.
                            Senior Member
                            • Oct 2005
                            • 1750

                            #14
                            Originally posted by Possi

                            What would you put as the "occupation" for a spoiled little rich girl living on her daddy's trust fund while partying away in South Africa?
                            Trust-funster?

                            Comment

                            • JohnH
                              Senior Member
                              • Apr 2007
                              • 5339

                              #15
                              I usually leave it blank.
                              Have never heard a word about it and have never been able to find any IRS policy on the subject.
                              "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

                              Comment

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