I bought a doughnut, and they gave me a receipt for the doughnut. I don't need a receipt for a doughnut. I'll just give you the money, you give me the doughnut — end of transaction. We don't need to bring ink and paper into this.
IRS Audits Grandpa
The IRS decides to audit Grandpa and summons him to the IRS office. The IRS auditor was not surprised when Grandpa showed up with his attorney. The auditor said, "Well, sir, you have an extravagant lifestyle and no full-time employment, which you explain by saying...
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