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Iowa Ledger (2022) - Tippie College of Business

Iowa Ledger is an annual publication for alumni and friends of the Department of Accounting, Tippie College of Business, University of Iowa.

Iowa Ledger is an annual publication for alumni and friends of the Department of Accounting, Tippie College of Business, University of Iowa.

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The air was abuzz with anticipation. A capacity crowd <strong>of</strong> students, pr<strong>of</strong>essors, and tax<br />

pr<strong>of</strong>essionals eagerly chatted under a massive blue game screen in the Pappajohn<br />

<strong>Business</strong> Building. Then the unmistakable Jeopardy melody began.<br />

It was time for the final round <strong>of</strong> the first annual RSM Tax Jeopardy competition.<br />

Jason Wagner and Joe McCarragher<br />

As the two teams <strong>of</strong> Introduction to<br />

Taxation students collaborated with<br />

their team members to answer the final<br />

Jeopardy question, Chuck Orr (BBA72/<br />

JD75/MA75) sat near the back <strong>of</strong> the<br />

audience with a smile on his face.<br />

Orr, a retired partner from RSM, was<br />

instrumental in making the day possible,<br />

helping to establish the RSM Wilfred (Bill)<br />

H. Heitritter Excellence in Tax Fund at the<br />

University <strong>of</strong> <strong>Iowa</strong> after Heitritter’s death<br />

in 2015.<br />

Orr and Bill Heitritter (BBA72/JD75/<br />

MA75) were partners at RSM, and he<br />

wanted to honor his friend <strong>of</strong> over 40<br />

years while helping the next generation<br />

<strong>of</strong> accounting students. The resulting<br />

fund supports students to participate<br />

in experiential learning related to tax<br />

education and research.<br />

Originally the funds were used to send a<br />

small handful <strong>of</strong> students to existing<br />

competitions, but when COVID-19 brought<br />

about a pause in these events, it prompted<br />

innovation.<br />

Associate Pr<strong>of</strong>essor Kay Hegarty (BBA80)<br />

approached Accounting Department<br />

Executive Officer Cristi Gleason and said,<br />

“There has to be a better way to use the<br />

funds to benefit a broader cross section <strong>of</strong><br />

students. She asked me what I had in mind.<br />

With this Tax Jeopardy competition, we<br />

were able to create and host a fun event<br />

with RSM and involve around 100 students<br />

instead <strong>of</strong> just a few.”<br />

The four-round competition began with<br />

12 teams and <strong>of</strong>fered extra credit and<br />

small gift cards to students participating<br />

as competitors or audience members. In<br />

addition, students participating in the<br />

semi-final and final rounds were each<br />

competing for up to $600 in tuition<br />

credits. The winning team—Anthony<br />

Mullan, Blake Shultz, and Zachary<br />

Willenzik—took home a total value <strong>of</strong> $700<br />

each for demonstrating their tax mastery.<br />

“I thought it was tremendous,” Orr remarked<br />

after the event. “Bill was a really competitive<br />

guy, so he would have loved this!”<br />

RSM colleagues and close personal<br />

friends Jason Wagner (BBA99) and Joe<br />

McCarragher (BBA99) were the “Alex<br />

Trebeks” <strong>of</strong> the event, complete with<br />

“game-show host” grey wigs and flashy<br />

Hawkeye jackets. The two were hired by<br />

RSM on the same day 22 years ago.<br />

In his opening remarks, McCarragher,<br />

who is also a Pr<strong>of</strong>essional Accounting<br />

Council member, said “If it wasn’t for<br />

Chuck’s heart for his friend and his heart<br />

for accounting, the students at the UI<br />

wouldn’t have this opportunity.”<br />

“You’ll find in your career, it’s friendships<br />

that matter.” •<br />

UNIVERSITY OF IOWA TIPPIE COLLEGE OF BUSINESS 13

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