What is WITTB?

I read a lot.  I mean a lot.  About 50 or so books a year.  Another 50 or so audio books.  I read magazines.  The top blogs on the planet (I mean cyberspace).  I love devouring white papers in my industry space.  I read technical journals.  I even read The Book.

So why don’t I know what WITTB is?

You see, I found this term on a statement in a tax return included with a list of other expenses.

I always tie out returns to my client general ledgers.  Funny, there’s no description for WITTB in the general ledger.

I died to my pride, so I quizzed three of my favorite CFO colleagues.  One was a partner for RMS McGladrey.  One was a stud accountant for Price Waterhouse, and another is a star in his own right.  Wow,  they didn’t know the answer.  Sorry, I can’t share their comments as some of you might be offended (although I found their comments humerous).

Have I kept you in suspense long enough?

WITTB = what it takes to balance.  I think it would be cool to see WITTB on the balance sheet of IBM for about $400 million under current assets.  Think that would fly?