Here is that time again, where I am sorting through paper bags full of client receipt and tax papers to do tax returns. You thought this was about basketball?! Oh noooo, it’s about the insane life a tax professional and the madness we see every year right up the grand finale – April 15th. Now I know most of my readers probably have simple 1040EZ’s and big refunds coming, but some on my clients have complex returns. This year we get the Shared Responsibility penalty if you don’t have insurance. Life, Liberty and the Pursuit of Happiness. Suuuure….
How many of you are happy to prepare a tax return? Raise your digital hands. I thought so, not a one of you. This year we have a new person, a conservative, running for President of the United States. His name is Mark Everson and he is the former Commissioner of the IRS. Boo, Hiss, Bah! Except he wants to rid tax returns for 150 million people. Say whaaaat?!! I kid you not. Maybe it is time to look at this guy seriously. Decreasing the power of the IRS and Congress could be a good thing. Life, Liberty and the Pursuit of Happiness.
Some have asked me,”won’t that hurt your ability to make income?” The answer is that most Americans truly don’t need a return. Give them a bigger paycheck and let them pay a little each time they buy something they want. Called a consumption tax, you control your tax liability, not Congress. The problem is that they don’t want to give up the power to tax and play guardians over our lives. March Madness is alive and well in DC, where every month is March. Most of my clients are complex, so they still need to have accounting done before I give them a heart attack. Life, Liberty and the Pursuit of Happiness.
We will stay a little stressed now for the next 4 weeks, drumming up receipts from the trash can and making a dash of madness to our respective preparers, and when we are done, we will forget the pain of tax season and those who may have made an attempt to ease those pains. We will curl up on our couch, open a bag of chips and brew and watch 68 teams running back and forth in a sweating frenzy, the real reason for the season – March Madness. Life, Liberty and the Pursuit of Happiness.
As for us CPA’s we will extend our most difficult returns so that we can have through October 15th to continue the madness. Life, Liberty and the Pursuit of …, well, at least some of us are happy it’s March.
Now, please show your support of your CPA by leaving me a message of feigned sympathy.