Two creative students in my Federal Income Tax class made this video, a parody of the TLC song "No Scrubs." Major kudos to Pace Law School students Alexis Bueno and Monica Lindsay. Lyrics -- fully appreciated by the tax nerds among us -- appear after the fold.
"No Scrubs" - Federal Income Tax Edition
by Alexis Bueno and Monica Lindsay
I met this guy who thought he’s fly
But he’s really just a buster
Keeps on talkin' about business deductions
But the IRS is on his ass
So, bro
You don’t get deductions, no.
If it’s not ordinary, no,
If it ain’t necessary, no.
Sit down and take some notes, bro
[Chorus:]
Troy, you’re an uber driver
So those tints and your rims are un-nece-ss-ary
It’s not helpful for your ride
And you can’t see inside
And you look so co-rn-eyy
Troy, you’re an uber driver
So those tv’s in your ride
are really un-ordinary
Hopped in an uber last night
Jimmy took my side
Said its not accepted in the co-mu-nity
You trynna check me
But ya case is kinda weak
Cause you clearly haven't heard of Amend
Ain’t related to your business, can i get a witness
The IRS won’t give you no pass
So, no
You don’t get no deductions, no.
If it’s not ordinary, no,
If it ain’t necessary, no.
Sit down and take some notes, bro
[Chorus]
Troy, Section 162
Tells you what you gotta do, to make the IRS happy
Deduct a Reasonable salary
A consultant fee
And some advertiiii-sing
Troy, you’re an uber driver
Tryna get fancy but won’t get no love from me
Cause the increased size,
of ya brand new ride
ain’t IRS worthy
If you drive a Uber and you wash it
Oh yes, son, that’s ded-uct-ible
If you need some gas, and you buy it
Oh yes, son, that’s ded-uct-ible
If you buy some bags, in case clients throw up
Oh yes, son, that’s ded-uct-ible
If you buy these things with yo money
Oh yes, you can get those,
businessssss
Deductionsssssss, oh, yes
businessssss,
Deductionsssssss,
Yeah, ya-yeah, yeahhhhhh
businessssss
Deductionsssssss, oh, yes
businessssss,
Deductionsssssss,
Yeah, ya-yeah, yeahhhhhh
Yes Yes
[Chorus 4x]
Troy, you’re an uber driver
So those tints and your rims are un-nece-ss-ary
It’s not helpful for your ride
And you can’t see inside
And you look so co-rn-eyy
Troy, you’re an uber driver
So those tv’s in your ride
are really un-ordinary
Hopped in an uber last night
Jimmy took my side
Said its not accepted in the co-mu-nity
What a great video. Gave me a big chuckle... President Obama said it best: Our tax code needs reforming because people order and structure their entire lives around the Internal Revenue Code. He is right and these young law students are the next generation indoctrinated into this culture. That Schedule "C" is everything. Every purchase is made with an eye toward deductibility. Go to any Office Depot on New Year's Eve. It's all about tax avoidance.
Posted by: The Law Offcies of Kavanaugh Thomas, LLC, PC, LTD, Chartered, AV Rated | December 07, 2018 at 06:24 PM