Christmas Season and Tax Season
This year perhaps more than any other even if you are expecting a tax refund it may be delayed because of a dilemma related to the Alternative Minimum Tax resulting in a possible delay to the actual date that tax returns will be able to begin to be filed. If the actual start date for filing returns is delayed, tax refunds will also be delayed. So if you are planning on a January refund to pay for your December purchases please plan carefully as your refund may be delayed.
Perhaps the most difficult thing about Christmas having tax season as a tag along is that while we should have visions of sugarplums dancing in our heads there are invading thoughts of tax software and tax forms and new tax laws to contend with as well. So perhaps as you pass signs for tax and accounting software while Christmas shopping, the music that is playing in your head is sometimes a medley of I’m the Taxman and Jingle Bells. Maybe the way to lay that to rest is to pick up an organizational tool of choice such as a binder and binder pocket inserts or even just a pack of folders while you carryon with your shopping. Then when Christmas has come and gone you can face Tax Season head on already in organizational mode. Put your documentation for your holiday charitable contributions in a folder or a pocket so you have it when you need it; and put your receipts for business related holiday gifts in another folder or pocket, etc., etc.
If you would rather just deal with the taxing subject of taxes and tax season after the Holidays are over at least be sure to keep all your tax related documents in one place so they don’t end up lost, even a large envelope will do the trick. That said, allow me to offer you a holiday greeting.
Christmas comes but once a year,
Meet it and greet it with common sense, faith, love and cheer.
I wish you good fortune, good health, and prosperity,
And all the good things that you wish and hope for,
And all the good things that you dream of,
IN GREAT ABUNDANCE!!!
Merry Christmas, Happy Holidays, and Peace to you and yours!
I hope you're enjoying Tax Facts on the Taxing Subject of Taxes!
Any U.S. tax advice contained in this electronic communication was not intended or written to be used, nor can be used, by any recipient of this communication for the purpose of avoiding penalties that might be imposed pursuant to the Internal Revenue Code or U.S. Treasury Regulations, or any other state or local law or regulation.
Content of this site is not intended to replace professional consultation.
This site needs an editor - click to learn more!
You Should Also Read:
Tax Facts - Deductible Holiday Gifts For Clients And Employees
Extreme Makeover Ideas For A New Year, Life, Taxes And Other Stuff
Extreme Makeover - Financial Recordkeeping With Quickbooks
Editor's Picks Articles
Top Ten Articles
Content copyright © 2023 by Kate Woods. All rights reserved.
This content was written by Kate Woods. If you wish to use this content in any manner, you need written permission. Contact BellaOnline Administration for details.