There's this story about a man who worked from home and tried to claim his entire house as a business expense on Tax Day. When the tax auditor came to check, he found the man's 'office' was actually just a corner of his bedroom with a laptop on a coffee table. The whole situation was quite comical as the man tried to defend his rather extreme claim.
I know a story where a couple was filing their joint taxes. They got into an argument about a small deduction. In the middle of the argument, they accidentally deleted the whole tax form. They had to start all over again, and by the end, they were laughing at how silly they were.
NPR on Tax Day could feature stories about how the tax system affects low - income families. There might be tales of families who are unable to claim certain tax credits they're eligible for because they lack the proper information or resources. Also, NPR might cover the impact of new tax laws on charitable giving. Some people may change their donation habits based on changes in tax incentives.
One hilarious story is of a guy who thought his comic book collection was a legitimate business investment and tried to write it off on his tax return. Another is a person who included the cost of a new TV as an 'office equipment' expense just because they sometimes watched the news for 'business awareness'.
A common day trading tax horror story is related to wash sales. Traders sometimes don't fully understand the wash - sale rule. For instance, if you sell a stock at a loss and then buy it back within 30 days, the loss can't be immediately claimed for tax purposes. Some traders do this unknowingly and calculate their taxes wrongly. Then, when the IRS discovers it during an audit, they have to pay back the wrongly - claimed deductions along with potential penalties and interest.
I remember this girl on the first day of college. She thought she was being really cool and confident. She walked into the wrong lecture hall which was for a much older group of students doing a post - graduate course. She started asking basic freshman questions and everyone just stared at her. She was so red - faced when she realized her mistake.
Day trading tax horror stories often involve unexpected high tax bills. For example, some traders don't fully understand the short - term capital gains tax rate which can be quite high compared to long - term. If you make a lot of quick trades and have significant profits, the tax can eat into your earnings much more than you expected.
The Associated Press might report on Tax Day stories such as the economic impact of tax refunds. For example, how consumers are likely to spend their refunds and how that affects the local economy. Also, stories about new tax laws and how they are being implemented during Tax Day are possible.
A guy once tried to claim his collection of comic books as a tax - deductible 'business library' because he was a freelance writer. It was a hilarious attempt but the tax people didn't go for it.
Well, there was this one time when the groundhog on Groundhog Day ran in circles around its hole instead of going in or coming out. It seemed to be very confused about what it was supposed to do. People were laughing and cheering it on as it made more and more circles.
A young boy on Valentine's Day gave his teacher a Valentine's card that was actually meant for his mom. It said 'You're the best mom ever'. The teacher just laughed and gave him a big hug. It was really cute and funny.
At Woodstock, there was a food vendor who ran out of plates. So, he started serving food on big leaves. People thought it was the most unique and funny way to get their meal. It was like going back to nature in the middle of this huge music event.