Tuesday, January 25, 2011

Which One Are You?








Do thoughts of April 15, the IRS, and Taxes Due instill fear and loathing like Harried Helen on the left? Or, are you the Sally Sunshine gal on the right? Maybe you just gather all your info and dump it on your accountant's or tax preparer's desk. Too early to even think about it, you say?


Well, I used this Sunday's schedule of daytime playoff games to start that yearly process. I started sorting through all my receipts and expenses for the year and assigned them into appropriate categories. Since I was a CPA years ago, that task isn't really odious to me, simply tedious. So, I use the end of the NFL season to distract me with championship games. Often I wait until the Super Bowl to start sorting. But since I'll be traveling on Super Bowl Sunday---more on that in next Tuesday's Cozy Chicks blogpost---I decided to use the Playoffs.


None of the four teams disappointed in their efforts on the field on Sunday, but I'm sure the losers will be second-guessing themselves for weeks. That's pretty human, and we've all done it, and we don't earn anything like those NFL salaries.


But, I am second-guessing myself---or better---I'm promising myself for a SECOND time that I will finally take the time to get a spreadsheet started for this year 2011 and enter all these writing expenses for each month. That will make this yearly "gathering and evaluating" process much easier. And, yes, Heather. . .I can hear you laughing out loud, knowing I promised I'd do it in 2010. This year, I promise to TRY harder to remember to do it. :)

How about you? Have you started your taxes? Finished? Taken them to your accountant/tax preparer?

14 comments:

Dru said...

As I get each envelope with my tax forms, they are placed in a folder so that I can hand deliver it to my tax preparer.

Lorna Barrett said...

I toss all my receipts in a file folder, but enter every one of them on an Excel spreadsheet. Come tax time, all I do is sort the spreadsheet and I'm ready to go to the tax man within an hour. I can always find any expenditure I want on the spreadsheet by doing a search. Saved my bacon on more than one occasion.

Kristine said...

I'm a Sally Sunshine, since every year so far we've gotten money back. Ask me when I have to pay :)))))))))

Although I've done mine from home myself a few times, I prefer to just take it all and dump it on a tax preparer's desk. Let them do the dirty work. It's worth paying out for.

And all fo our paperwork is ready, so we will probably take care business in the coming week or two.

Cindy D said...

We're still waiting for bank statements. Will start working on them when we get everything. Last year's was slightly complicated so we had a professional check them, who found some things we'd missed. Will probably go back to him this year.

Rural View said...

Ours is quite complicated, not because we have a lot of money, but because my husband owns a business and other issues. For that reason I stopped doing the tax return myself years ago. Now I organize during the year, then once all our statements are in I take the information to our gem of an accountant. What a relief!

Maggie Sefton said...

Dru---Good for you. No worries that way.

Lorraine---I LOVE Excel. And, yes. . .I promise to try to remember to take the time to do it. Take the time, take the time. . .

Maggie Sefton said...

Kristine---Congrats on the steady refunds, girl! You've got your system down pat.

Cindy---I agree with your plan---whenever you have a question, check with a professional. After all the tax forms come in from all different directions, I'll see what the "lay of the land" is. I'll be preparing an additional form this year and I may want to have another CPA check that one over just to make sure. Some complicated issues on that one.

Maggie Sefton said...

Rural---Excellent game plan. Some tax schedules want information broken down into all sorts of categories. Income isn't just income. :) But then, it never was.

signlady217 said...

Hubby usually does ours himself, and has gotten a start on it. I think he uses TurboTax and really likes it. Waiting on a few forms to come in, too, so he can finish up.

ev said...

I married a guy with an accounting degree for a reason- I can't even do the easy form without messing it up!!!

Rita B said...

My husband likes numbers. Me... as long as the check book balances I'm a happy camper!! So now you can guess WHO does the taxes. It ain't me:^)

Vickie said...

On 1 Jan of each year, DH prepares a new folder for that year, labeled all nice and tidy. We put our W-2s and all donation receipts as we get them into the folder, then take them to the nice preparer person.

Maggie Sefton said...

signlady---Turbo Tax & other programs work well. Unless you have really different situations.

ev---LOL. You were thinking ahead.

Maggie Sefton said...

Rita---I understand that. My former husband loved the fact that I was an accountant & CPA, so I handled all our stuff, even the Passive Activity Losses. We always had the company's CPA look it over & it was always correct. :)

Vickie---I love it!