If Santa Were Audited?
Leave it to a CPA to sit around wondering what would happen if the jolly, fat man in the red suit were audited by the IRS!
OK, the first question that crosses my mind is, how much mileage is he taking on his return in the first place, and second what on earth does his mileage log look like?!
Can you just see it? Eight million miles, all driven on one day of the year? Are you kidding me?
And what about receipts for gas? Can you see it when the auditor asks for gas receipts? And Ol' St. Nick says, "Ho, ho.. I don't really use fuel per se but I can show you what I use for reindeer food". Really Santa?
After a while, calmer heads prevailed, and I started thinking about this whole audit deal. Like for example, the fact that Santa is neither a citizen nor a taxpayer resident of the U.S. So, boom, right there, we know he wouldn't be audited by the IRS.