Saturday, January 21, 2023

Overheard at Booth 3: A Dad Helps His Daughter with Her Taxes

Dad helping daughter do taxes...


What's this 1099INT for $225?

That's from my bank.

But you don't have enough savings to make that kind of interest.

They gave me that to open the account.  

Oh.  OK, cool.

Does that mean I have to pay it back?

No.  It just means you have to pay taxes on it.

WHAAAAA?!  What a rip off!

Well, that's the IRS for you.

They better cancel my student debt then!

Uh ... the IRS doesn't cancel debt.

Well then SOMEBODY should!

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