Monday, March 3, 2008

When Rapid Refund Just Isn't Fast Enough

A CPA in Cartersville lives by the motto that the best place for a CPA practice is beside either a liquor store or a pawn shop. For many tax pros who strictly target people who are desperate for cash, that is the case.

The Des Moines Register reports on a missed opportunity for those kind of preparers. It appears a man robbed a convenience store and left behind his jacket. Unfortunately for him what was in the jacket will make it rather easy for police to find him.

Police found the jacket — and, in a pocket, a W-2 form they are sure belongs to the man.

The line at Jackson Hewitt must have been really long for this to have been his best option for cash. Hopefully, he knows that all income from whatever source derived (illegal and legal) is taxable income and he budgets taxes for the $115 that he stole.