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	<title>Advance Finance Blog &#187; IRS</title>
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		<title>The Partners’ Meeting Took Place This Morning</title>
		<link>http://www.advanceloan.net/blog/2012/02/the-partners%e2%80%99-meeting-took-place-this-morning/</link>
		<comments>http://www.advanceloan.net/blog/2012/02/the-partners%e2%80%99-meeting-took-place-this-morning/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 10:38:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Earnings]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[Partnerships]]></category>

		<guid isPermaLink="false">http://www.advanceloan.net/blog/?p=4539</guid>
		<description><![CDATA[How much do I hate the IRS? This much! It&#8217;s been a torrid morning and it&#8217;s left me in a ratty mood. If I had staff working in my office I would fire everyone right now! However, mine is a one-man writing practice. It&#8217;s kept pretty busy, or as busy as I want it to [...]]]></description>
			<content:encoded><![CDATA[<div><span style="font-size: larger;"><b><img align="right" width="300" height="281" src="http://www.advanceloan.net/blog/wp-content/uploads/2012/02/advance-loan-blog-300x281.jpg" alt="Advance Loan Blog" title="Advance Loan Blog" style="margin:10px;" />How much do I hate the IRS? This much!</b></span></div>
<div><span style="font-size: larger;">It&rsquo;s been a torrid morning and it&rsquo;s left me in a ratty mood. If I had staff working in my office I would fire everyone right now! However, mine is a one-man writing practice. It&rsquo;s kept pretty busy, or as busy as I want it to be. It allows for such pleasures as an extra-long lunch hour with a friend. The office is a few steps away from the bedroom and it boasts all modern conveniences such as a computer, fax and telephone.</span></div>
<div><span style="font-size: larger;">&nbsp;</span></div>
<div><span style="font-size: larger;"><b>Office hours</b></span></div>
<div><span style="font-size: larger;">The biggest disadvantage of my business is the long hours; I work a 24-an-hour day. This doesn&rsquo;t mean that I am working all the time, but the office is open to anyone who calls. The financing arrangements are simple. I finance everything. I have a partner who makes no contributions at all. When there is a cash crisis, I cut back and suffer in silence.</span></div>
<div><span style="font-size: larger;">&nbsp;</span></div>
<div><span style="font-size: larger;"><b>My partner</b></span></div>
<div><span style="font-size: larger;">I have a partner, aka the Government, alias the IRS, also known as the Income Tax Department and secretly known by me at various times of the month as &ldquo;The Bloodsucker&rdquo;, &ldquo;The Parasite&rdquo;, &ldquo;The Thief&rdquo; and some shorter 4 letter versions of all the above.</span></div>
<div><span style="font-size: larger;">&nbsp;</span></div>
<div><span style="font-size: larger;"><b>The partners&rsquo; meeting</b></span></div>
<div><span style="font-size: larger;">Because we are such close partners we meet regularly, and I as the active partner, divulge all the intimate secrets of the business. I tell him about my clients and about my new clients. I boast about the amount of work I have been doing and I list the amounts of writing I have done to impress him. He, being the sleeping partner, simply gazes at everything and remains silent. I was at his office this morning. We decided a long time ago to meet there and not where I work. Unlike my desk which is always covered with stacks of papers, little notes on the back of coffee-shop napkins and a hundred reference books, his desk is clear, containing only a computer screen and keyboard. &nbsp;</span></div>
<div><span style="font-size: larger;">&nbsp;</span></div>
<div><span style="font-size: larger;"><b>The partnership arrangement</b></span></div>
<div><span style="font-size: larger;">We have a partnership agreement. It is simple and straightforward and is based directly on the sharing of income. This is what led to the argument this morning. After I had formally tabled the trading results for the past year my partner looked at me, smiled, nodded his head in delight and said &ldquo;thirty-seven point three percent&rdquo;. I laughed and thumped the table with my fist saying, &ldquo;very funny indeed! Got any other jokes for me?&rdquo; &ldquo;I&rsquo;ll check it,&rdquo; he grumbled and went back to the keyboard and then said, &ldquo;I beg your pardon, you are right. I made a mistake. Thirty-seven point one percent.&rdquo; This time I hit the top of his desk with the palm of my hand, sending off a loud bang and causing the keyboard to leap into the air. &nbsp;&nbsp;&nbsp;</span></div>
<div><span style="font-size: larger;">&nbsp;</span></div>
<div><span style="font-size: larger;"><b>My partner is upset</b></span></div>
<div><span style="font-size: larger;">&ldquo;There is no need for that,&rdquo; said my partner. &ldquo;We have an agreement, after all.&rdquo;</span></div>
<div><span style="font-size: larger;">&ldquo;What about your contribution?&rdquo; I yelled. &ldquo;What did you do to justify your share?&rdquo;</span></div>
<div><span style="font-size: larger;">&ldquo;I am upset by your attitude,&rdquo; he said. So my partner is upset? Who cares?</span></div>
<p>&nbsp;</p>
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