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What was your favorite course of study? (yeah, it's biased -- do your best!) | Log In/Create an Account | Top | 68 comments | Search Discussion
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  • (Score: 1, Interesting) by Anonymous Coward on Wednesday January 24 2018, @10:42PM

    by Anonymous Coward on Wednesday January 24 2018, @10:42PM (#627436)

    There are several others which are shared by numerous people here, but surprisingly, Tax Accounting was one of the favorite classes I had ever taken (albeit I did poorly).

    Considering the following in-class assignment: "Meet Bob Smith, CEO of a private manufacturing company, revenue of $5m a year. He currently pays himself a salary of $250k a year. List literally every way you can to save him taxes. Now rank each of these ways from 1-Perfectly-Legal to 4-IRS-Glimpses-You-Are-In-Jail."

    We came up with everything from 1-Reincorporate in Delaware for passive holding tax, through 4-burn down the inventory storage warehouse and get the insurance money tax free.

    Who says tax planning has to be boring?

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