by A.L. Dobbins
In 1953 I prepared my first tax return for a client, Theresa’s Style Shop -- a small neighborhood women’s clothing store. Theresa was a good business woman -- though an itty-bitty boutique can in no way compete with a big department store, many ladies still came to her for advice on styles and recommendations. Most of Theresa's clients were middle age or older.
Speaking of "older", at 85 years of age I'm still preparing all kinds of tax returns for small- and medium-sized firms.
Well, this is my second blog post and by now you should have guessed that I'm all about accounting, bookkeeping and taxes. In this field I have no claim to fame but I have been at it sooooooooo long.
So stay with me for a while and you might learn something, like how to save a few dollars on your tax return. Or even how to start your own business.
While I admit I've made a lot of mistakes and have endured a lot of audits with clients, I’ll tell you about all of them to help you hopefully avoid the same destiny.
This is a good time of year to begin a tax blog. At the end of 2006, Congress passed a bill extending some of the tax deductions due to expire at end of tax year 2005.
All well and good, but the IRS has already printed 2006 tax forms and these tax forms made no provisions for listing these deductions that were expected to expire.
Many taxpayers will be frustrated and blame the IRS for causing the confusion. But in this instance congress should shoulder part of the blame. The IRS has issued instruction on how to enter these deductions on your tax return.
I will review these instructions in my next post or you can check the IRS website.
I plan to post two or three times a week...both God willing and in the event Lake Michigan does not rise and revolt...
I'd really like to hear from you! Please send me your comments -- good or bad -- but remember -- don’t be too hard on an old man. Tell me what you'd like to see on this blog, and I'll try to comply.
As soon as I get enough questions, I'll create a Frequently Asked Questions (FAQ) page. Check back often for free tips on taxes and related matters...
Subscribe to:
Post Comments (Atom)
Sunday, January 14, 2007
Grandfather of Tax
by A.L. Dobbins
In 1953 I prepared my first tax return for a client, Theresa’s Style Shop -- a small neighborhood women’s clothing store. Theresa was a good business woman -- though an itty-bitty boutique can in no way compete with a big department store, many ladies still came to her for advice on styles and recommendations. Most of Theresa's clients were middle age or older.
Speaking of "older", at 85 years of age I'm still preparing all kinds of tax returns for small- and medium-sized firms.
Well, this is my second blog post and by now you should have guessed that I'm all about accounting, bookkeeping and taxes. In this field I have no claim to fame but I have been at it sooooooooo long.
So stay with me for a while and you might learn something, like how to save a few dollars on your tax return. Or even how to start your own business.
While I admit I've made a lot of mistakes and have endured a lot of audits with clients, I’ll tell you about all of them to help you hopefully avoid the same destiny.
This is a good time of year to begin a tax blog. At the end of 2006, Congress passed a bill extending some of the tax deductions due to expire at end of tax year 2005.
All well and good, but the IRS has already printed 2006 tax forms and these tax forms made no provisions for listing these deductions that were expected to expire.
Many taxpayers will be frustrated and blame the IRS for causing the confusion. But in this instance congress should shoulder part of the blame. The IRS has issued instruction on how to enter these deductions on your tax return.
I will review these instructions in my next post or you can check the IRS website.
I plan to post two or three times a week...both God willing and in the event Lake Michigan does not rise and revolt...
I'd really like to hear from you! Please send me your comments -- good or bad -- but remember -- don’t be too hard on an old man. Tell me what you'd like to see on this blog, and I'll try to comply.
As soon as I get enough questions, I'll create a Frequently Asked Questions (FAQ) page. Check back often for free tips on taxes and related matters...
In 1953 I prepared my first tax return for a client, Theresa’s Style Shop -- a small neighborhood women’s clothing store. Theresa was a good business woman -- though an itty-bitty boutique can in no way compete with a big department store, many ladies still came to her for advice on styles and recommendations. Most of Theresa's clients were middle age or older.
Speaking of "older", at 85 years of age I'm still preparing all kinds of tax returns for small- and medium-sized firms.
Well, this is my second blog post and by now you should have guessed that I'm all about accounting, bookkeeping and taxes. In this field I have no claim to fame but I have been at it sooooooooo long.
So stay with me for a while and you might learn something, like how to save a few dollars on your tax return. Or even how to start your own business.
While I admit I've made a lot of mistakes and have endured a lot of audits with clients, I’ll tell you about all of them to help you hopefully avoid the same destiny.
This is a good time of year to begin a tax blog. At the end of 2006, Congress passed a bill extending some of the tax deductions due to expire at end of tax year 2005.
All well and good, but the IRS has already printed 2006 tax forms and these tax forms made no provisions for listing these deductions that were expected to expire.
Many taxpayers will be frustrated and blame the IRS for causing the confusion. But in this instance congress should shoulder part of the blame. The IRS has issued instruction on how to enter these deductions on your tax return.
I will review these instructions in my next post or you can check the IRS website.
I plan to post two or three times a week...both God willing and in the event Lake Michigan does not rise and revolt...
I'd really like to hear from you! Please send me your comments -- good or bad -- but remember -- don’t be too hard on an old man. Tell me what you'd like to see on this blog, and I'll try to comply.
As soon as I get enough questions, I'll create a Frequently Asked Questions (FAQ) page. Check back often for free tips on taxes and related matters...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment