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!
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