Monday, April 17, 2006

Simplicity

teh
This time of year I always hear a lot of whining about how complicated taxes can be to prepare. I won’t argue with that sentiment but I think a lot of people miss a key point: many of the complicating factors actually save you money. If simplicity is your priority, and you are a typical working person, fill out the EZ form. You’ll be missing out on all kinds of deductions but, hey, it’s easy.

Even if you own your own business, many of the complicating factors involve deductions. Sure, if your operation has lots of tentacles, (you own two stores, have rental property and play the market) your taxes are going to be complex in a generally negative direction (i.e. lots of paperwork that doesn’t necessarily involve deductions) but then your overall financial situation is complicated too.

And if you really want to get the best of both worlds –ease of use while minimizing your tax bill- do what I did, marry someone who will brilliantly do your taxes for you.
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2 comments:

Anonymous said...

Being the person he married, who "brilliantly" does his taxes for him, I'd like to add that I've done it unwillingly.

I had an accountant that took care of my taxes before marrying him and kept her on for the first couple of years of our marraige. I preferred to do it that way since I don't know the tax laws and feel very incompetent about it. I protested doing them myself, but he insisted and was very persistent. Since he isn't usually very insistant and pushy, I relented.

It is far easier now that I'm using a tax software program recommended by an accountant. However, I would still fee better if I were to have an accountant on hand.

Thanks for the compliment anyway, honey. Flattery will get you everywhere!

Mrs TEH

4/17/2006 10:22:00 AM
Dave said...

You're welcome. Now get back to the taxes.

4/17/2006 10:38:00 PM

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