Do you do your own taxes? I’ve done our family taxes for years–collecting receipts, deciphering records, puzzling over confusing IRS instructions (honestly, they should hire a professional writer to write those instructions, not accountants), etc. And here it is, February again, and time to start thinking about filing those tax forms.
I understand that the government needs money to function, pave our highways, etc., I do. But I saw a meme the other day that struck me–it showed that we are taxed when we earn our money, taxed when we spend it, taxed when we save it, and taxed when we withdraw it from savings. The founding fathers hated taxes, and they did NOT create an income tax–that came later.
On days like this, I’m in favor of a ten percent income tax rate across the board. Cut the exemptions, let’s all pay the same percentage and be done with it.
But that isn’t likely to happen–people love their deductions, and I have to wonder if charities would see a tremendous decline in donations if the tax deduction were eliminated (even though we’re supposed to give from the heart, not for the purpose of a tax deduction).
So if you’re doing your taxes along with me, my hat’s off to you! May your task be easy, your tax be light, and your refund as large as the law will allow. 🙂
Hugs!
~~Angie
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I did my own taxes for many years, but finally decided to turn it over to an accountant. That doesn’t mean I still don’t have to keep all those receipts, but once that info is turned over, I can relax . . . until it is time to pay the CPA’s bill and whatever additional taxes I might owe. Ugh!
I hear you. I do our personal taxes, but when it comes to the business, I don’t want to risk messing things up! Off to the CPA they go . . .
Our most stressful marriage moments have often come while doing taxes. At least even since I started having income and expenses from writing and editing. Even now that we have switched to an accountant, the day to gather our things is still fraught with tension! 😂
It’s very stressful. But the worst of all is when you see IRS on the return address of a letter in. your mailbox . . . ugh.
I agree with D’Ann. We have an accountant do our taxes since we’re both self-employed and it’s very complicated. I HATE the day (and it takes hours!) that we gather everything together to take to the accountant. And accountants keep charging more and more. But it’s worth it because I’m not sure our marriage would survive doing our own taxes!
Yes! My CPA fees have gone up so much that I practically need a loan to pay the bill. I think I keep good records, but apparently they’re not “proper” enough to suit my CPA. Sigh. I’m good with words, not numbers.
Ever since we bought a small business about 9 years ago, we have had someone else do our taxes. But that bill, ouch!
You got that right!