It's Over!

Hey everyone! Life is great! Today was the Deloitte Tax Case Study Competition at the Salt Lake office of Deloitte. Megan and I got to stay at the Downtown Marriott and go swimming with a couple of our friends. We slept so well on the nice double bed (a double bed has to be smaller than a full bed). The room reminded me of the room we stay in when we visited Toronto. When I woke up this morning, I was reconsidering if I wanted to be a tax accountant. I mean, look at the name of the competition, it just reeks of nerdiness!

Back to the actual competition, we read the case and went to work. We started reviewing the questions and started dividing the work. I worked on a question related to the sale of a patent and how the purchaser would treat the purchase for tax purposes. I finished writing my answer when I read a tiny clause within the Internal Revenue Code (a former professor called them a santa clause) which totally overturned my answer. Oops. At least I didn't submit an incorrect answer.

One cool thing happened during the competition. I had a question to answer and had no idea what to do. I searched for "patent" for the question mentioned above. When the search results came up, Section 83 was among them. I don't think Section 83 has anything to do with patents (maybe another santa clause). I think it was God's way of helping me. I finished all my questions and things went way better than they ever did during our long, grueling practices as a team.

I am so thankful that it's all over. I learned that I was on this team back in April. I was often stressed out that I hadn't studied hard enough during the summer. It goes without saying that after a long, boring day at work, I didn't feel like studying more accounting. I also think it was God's way of teaching me to pass all four parts of the CPA exam before I start working full-time!

I'll find out in 10 days if we won. 24 hours ago, I didn't think we had much of a chance, but after we submitted our answer, I think it's possible! Not too bad. Whenever I do well in tax accounting (like today), I get really excited to start working. Speaking of working, I have an interview on Friday and will get to visit Portland! I am pretty excited, I'll let you know how everything ends up. Hope things are going well for you!