Saturday, February 17, 2007

 

It'$ Tax $ea$on! Oh Boy

$$$$This is the holiday season for accountants$$$$$$$$
The hunt for that elusive tax break ,that no one ever really qualifies for, is the prize of the tax season.
* Your accountant sends you a list of what information is needed.
* You dig through all your papers and fill in all the little boxes.
* You take it all to the accountant.
* A week later the accountant calls for you to come in and sign forms.
* You write out a check to the accountant.
* You take your very neatly filled out forms ,add your check that you owe the government, and mail them.
That's right you pay someone to tell you how much MORE additional money you owe the government.
You must get your payment to the government on or before the due date, however, should the rare occasion happen where the government owes you....HA. Don't hold your breathe. You may or may not see your money within the 3 to 6 month range.
Can you demand that your money be in your hands by a certain date?
I think not.
Can you demand a penalty if you have to wait for you money?
DON'T BE SILLY!
Are you allowed to charge interest for the amount of time past the date you should have your money?
Dream On!

Even though I have an undergraduate degree, and two masters degrees I have a very common terror of tax forms. I know I could probably fill them out and do ok, but what about that little known fact I am sure only the government and accountants know, that if I don't have it on my forms will bring on an audit. What if I don't put a deduction in the right place and have to pay a penality. What if I forget to put in an interest payment? I do not want the IRS to remember my taxes in any way or form.
Oh and don't forget the EASY instructions that come with your tax forms! But lets not go there, that's a whole blog in it's self.

What a world, what a world! I hate Tax Time! However as long as there are people like me with a healthy fear of the IRS there will always be happy accountants during Tax $ea$on.

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