HCVT Phrases
This word is what managers/partners say when something is irrelevant/unimportant.
What is immaterial?
This type of sport involves athletes scoring touchdowns & field goals to earn points for their team.
What is American football?
This is an accounting professional who has met certain education, exam, and experience requirements for licensure by a state board of accountancy.
What is a CPA?
This name is Beyoncé's alter ego.
Who is Sasha Fierce?
This HCVT employee got married this year.
Who is Danny Porras?
This phrase is used when a situation varies per each return you work on & the answer to a question will be different in different situations.
What is “it depends”?
This symbol consists of five interlaced rings of equal dimensions, used alone, in one or in five different colors, which are, from left to right, blue, yellow, black, green and red.
What are the Olympics Rings?
This type of filing status means you and your spouse each report income, deductions, credits, and exemptions on separate tax returns instead of on one joint return.
What is Married Filing Separately?
In 2001, this pop-singer couple attended the American Music Awards dressed in all denim.
Who are Britany Spears & Justin Timberlake?
This HCVT employee has a twin brother.
Who is Tyler Verna?
This word is something you must do on a tax return when something is not flowing or have to adjust something on the yellow screen for GoSystems.
What is “override”?
This NBA player scored 81 points in a single game in 2006.
Who is Kobe Bryant?
DAILY DOUBLE!
This is the tax effect that results when a deemed distribution occurs as a result of a partner's share of liabilities decreasing in excess of the partner's basis.
What is taxable gain?
The widely-watched defamation trial of what celebrity couple aired on television from April to June of 2022?
Who are Johnny Depp & Amber Heard?
This HCVT employee became manager in 4 years, becoming the last person to ever do this.
Who is Britany Wells?
DAILY DOUBLE!
This phrase is used when you are completely done with the return and you know there is an error on a return, but do not want to ask the manager on the return for help.
What is “I’ll just get a query on it”?
This team won the 2020 NBA finals.
Who are the Los Angeles Lakers?
This code section generally requires taxpayers that are producing real or tangible personal property to capitalize direct material costs, direct labor costs, and indirect costs that are properly allocable to the produced property.
What is Section 263(A)?
According to Billboard, this band was the highest-grossing rock tour in 2023.
Who is Coldplay?
DAILY DOUBLE!
After 4 years being a tax accountant at HCVT, this employee went on to teach high school math. After teaching high school math, this employee came back to HCVT last year.
Who is Jessica Fine?
This phrase is a sentence that HCVT adds at the end of a footnote on a K-1 but is also one we don't like getting from outside tax preparers on the K-1s we receive.
What is “Please ask your tax advisor”?
This golfer was the first golfer ever to reach $1 million in winnings. He is also known for having a drink named after him.
Who is Arnold Palmer?
Solve this question
Lily had the following on her tax return:
Salary: $75,000
Prize From Quiz Show: $105,000
Itemized Deductions: $49,000
Capital Gain/Loss: ($3,000)
Embezzled Funds: $6,000
Qualified Business Income: $5,000
Partnership Income: $86,000
Interest Income: $98,000
What is Lily's taxable income?
What is $313,000?
This person is the most followed person on Instagram, currently having over 427 million followers.
Who is Selena Gomez?
This HCVT employee got their marriage license certificate by drive-through.
Who is Stella Liu?