Question: While preparing a tax return for a gentleman named Tafoya, he surprised you when he told you that he is a Paid Assassin and that

While preparing a tax return for a gentleman named Tafoya, he surprised you when he told you that he is a "Paid Assassin" and that you should, accordingly, enter that phrase on the "Type of Business" line on his schedule of proprietorship income. When you asked him if he was joking, he told you that he was being sincere. He further told you that, during the prior year, he had earned income from shooting a foreign spy in the eye with a .22 caliber gun, had firebombed a home in Canada, and had procured a poison serum that was capable of "killing a 200-pound animal."
You have no reason to doubt that your client is fully reporting his income and being entirely truthful. Are you willing to prepare his tax return?

Step by Step Solution

3.40 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The tax law requires taxpayers to report all of their income including income from ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1356-B-O-B-B-E(1903).docx

120 KBs Word File

Students Have Also Explored These Related Organizational Behavior Questions!