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'That Seems About Right,' Says Soon-To-Be-Audited Man

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Finance

Upcoming Changes To U.S. Currency

Secretary of the Treasury Jack Lew recently announced a series of significant changes to U.S. currency. Here are some of the more notable alterations on the horizon

Head Of IRS Has Personal Filing System To Keep Track Of Nation’s Tax Returns

Commissioner’s Office Cluttered With 100 Million Folders

WASHINGTON—Pointing out the towering stacks of manila folders cluttering his desk and stepping carefully around the millions of forms laid out on his office floor, Commissioner of the Internal Revenue Service John Koskinen showed reporters Thursday his own personal filing system for keeping track of everyone in the nation’s tax returns.

Grandmother Palms Grandson $10 Like She Fixing Boxing Match

NEW BEDFORD, MA—Waiting until her daughter and son-in-law were occupied getting drinks in the kitchen following a family dinner at her home Sunday, local grandmother Ellen Sullivan, 72, is said to have palmed her 11-year-old grandson Jason Tucci $10 like she was fixing a heavyweight boxing match.

Koch Brothers Get Each Other Same Election For Christmas

WICHITA, KS—Chuckling and shaking their heads as they described their annual family gift exchange to reporters, Koch Industries executives Charles and David Koch confirmed Wednesday they had unwittingly gotten each other the same election for Christmas this year.

Budget-Conscious Obamas Strongly Pushing Malia Toward UDC Community College

WASHINGTON—Repeatedly emphasizing the benefits of completing her core requirements at a fraction of the cost of a four-year school, President Barack Obama and First Lady Michelle Obama continued their efforts this week to persuade their 17-year-old daughter, Malia, to attend the University of the District of Columbia Community College.
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'That Seems About Right,' Says Soon-To-Be-Audited Man

CAMDEN, MN—While filling out a 1040 form and other documents Tuesday in preparation for filing his 2012 federal tax returns, local man Robert Moran, a blog writer who will shortly be audited by the Internal Revenue Service, announced that his calculations seem to all add up fine. “Well, I’m self-employed and work mostly from the kitchen, which takes up about a third of my apartment, so that means I can deduct about $6,000 for rent plus all the repairs to the sink and refrigerator, and, yeah, that seems more or less right,” reported the man who will soon be audited by the IRS on suspicion of tax fraud and found to owe the federal government over $14,000 in unpaid taxes in addition to interest and a 20 percent penalty for disallowed deductions. “Plus I had to buy a TV and a DVD player to watch all the shows I blog about, which is another $1,500, and an iPhone that runs about $60 per month. Good thing you’re allowed to write off these business expenses.” At press time, Moran was telling himself that the IRS doesn’t look closely at people like him.

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