Tuesday, February 6, 2007

TAX CARNIVAL #11

Just a quick time out from 1040s to let you know that TAX CARNIVAL #11: THE SUPER TAX PARTY is up and running at Kay Bell’s DON’T MESS WITH TAXES.

The Carnival includes my posting on “The Most Important Number on Your Tax Return.”

Now back to work!

Thursday, February 1, 2007

TAX SEASON HIATUS

The tax filing season has officially begun! I already have three (3) 2006 returns "under my belt"!

As is my custom, due to the demands of the tax filing season I will not be posting to THE WANDERING TAX PRO until the end of April. Between now and April 17th I barely have time to relieve myself let alone blog!

My clients should visit the TAX SEASON UPDATE Page on my tax practice website to keep up-to-date on my progress during the season and to learn of any changes or additions to my tax season policies and procedures.

“Talk” to you when it is all over!

TTFTS

THE TWELVE DAYS OF TAX SEASON

On the first day of tax season my client gave to me a Closing Statement for the purchase of a home.

On the second day of tax season my client gave to me 2 W-2 forms.

On the third day of tax season my client gave to me 3 mortgage statements.

On the fourth day of tax season my client gave to me 4 Salvation Army receipts.

On the fifth day of tax season my client gave to me 5 Form K-1s.

On the sixth day of tax season my client gave to me 6 1099s for dividends.

On the seventh day of tax season my client gave to me 7 cancelled checks.

On the eighth day of tax season my client gave to me 8 useless items.

On the ninth day of tax season my client gave to me 9 medical bills.

On the tenth day of tax season my client gave to me 10 stock sale confirms.

On the eleventh day of tax season my client gave to me 11 employee business expenses.

On the twelfth day of tax season my client got from me a finished tax return, 11 employee business expenses, 10 stock sale confirms, 9 medical bills, 8 useless items, 7 cancelled checks, 6 1099s for dividends, 5 Form K-1s, 4 Salvation Army receipts, 3 mortgage statements, 2 W-2 forms, and a Closing Statement for the purchase of a home.

And, of course, on the thirteenth day of tax season the client gave to me a corrected Consolidated 1099 from Merrill Lynch!

(This “carol” was written before it was announced that many brokerage houses would be sending their 1099 forms out late in an attempt to avoid corrected copies.)