This article originally appeared at The American Thinker on March 1, 2009
My brother-in-law manages his own pension-funding company, helping small to middling businessmen to develop and maintain retirement programs for themselves and their employees. Needless to say, it has not been a banner year for pension-funders or their clients. But of course the appropriate forms must be completed and filed with the IRS.
In the course of completing IRS Form 5500 Schedule I question 4f regarding his company pension plan, a wry client was faced with the following question:
"Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond that was caused by fraud or dishonesty?"
The client circled "Yes" but these yes-or-no questions on the government tax form require an explanation if the answer is yes. In the space provided for explanation the client had cryptically printed:
"Barney Frank, Chris Dodd, Chuck Schumer."
QED
Hat tip: Ed Ferguson
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