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April 15 Or 17th?

It’s That Time of Year

(Sung to the tune of ‘The Christmas Waltz’)

Tax time’s such a pain
Im stuck here inside
Frying half my brain, set me free
Uncle Sam’s on his way,
My accountant’s grey
And my attorney sounds like a banshee.

~~~~~~~

The hardest part of preparing for taxes isn’t the paperwork- its doing inventory, as I whined about last year.  Fortunately thats done early, but we have meetings most of the week.  So you wont see me on social networking sites until about a week after tax time.

 

 

 

Don’t worry, orders still process, but Im personally in shorter supply than usual.

I’m listening to Sinatra; In the Wee Small Hours of the Morning.  His music experienced a revival after his death in 1998, and I hope new generations discover it.

 

 

 

obama tax planAnd now, a brief word from our sponsor.

 

 

 

5 worst and best ways to use a tax refund.

What you should and shouldn’t do with your withholding.

And, I wish wiki would update this graphic for 2011.

  • Do you receive a refund or pay in?  What’s the worst thing about tax time for you?
  • The tax law has grown from 11,400 words in 1913, to over 7 million words today.
  • There are at least 480 different tax forms, each with many pages of instructions.  Even the easiest form, the 1040E has 33 pages in instructions, and all in fine print.
  • The IRS sends out 8 billion pages of forms and instructions each year.  Laid end to end, they would stretch 28 times around the earth.
  • Nearly 300,000 trees are cut down yearly to produce the paper for all the IRS forms and instructions. The total number of computers thrown out the window, or kicked with a frustrated foot is unknown.
  • American taxpayers spend $200 billion and 5.4 billion hours working to comply with federal taxes each year, more than it takes to produce every car, truck and van in the United States.
  • The IRS employs 114,000 people; that’s twice as many as the CIA and five times more than the FBI.
  • 60% of taxpayers must hire a professional to get through their own return.
  • Taxes eat up nearly 40% of the average family’s income; that’s more than for food, clothing and shelter combined.

 

But its all good.  Make a cup of tea, put on Sinatra, and bake some cookies for your accountant.  See you in a week or so!  😀

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