/ October 22, 2008

Tax I.Q. Test

“I have a Ph.D. from an Ivy League university and my wife is a CPA and we are still incapable of doing our own taxes.” -Political Science Professor, University of Wisconsin, 2004

According to that professor, you cannot expect to be able to do your own taxes just because you’re smart.  So, should you seek guidance in paying your taxes?  When you have ten minutes, check this out – the Tax IQ test.  It’s 25 questions and it covers basic taxpayer concepts.   
Don’t worry if your score is low – there’s still plenty of study time before April! 
Source: Tax Law Blog

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