Wednesday, February 1, 2023

THE TWELVE DAYS OF TAX SEASON

 
And now what you have been waiting a year for – my annual posting of:
 
THE TWELVE DAYS OF TAX SEASON
 
On the first day of tax season my client gave to me a Consolidated 1099 Statement from Wells Fargo Advisors.
 
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 (without, of course, any analysis of how much of the mortgage interest reported represents interest on acquisition debt).
 
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.
 
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 (despite being no longer deductible).
 
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, 5 Form K-1s, 4 Salvation Army receipts, 3 mortgage statements, 2 W-2 forms, and a Consolidated 1099 Statement from Wells Fargo Advisors.
 
And, of course, on the thirteenth day of tax season the client gave to me a corrected Consolidated 1099 from Wells Fargo Advisors!

TTFN


















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