A Personal Note From Susana
It’s Tax Time! Lessons in How to be nice to the IRS.
My late Father hated the IRS and any other taxing authority he ever dealt with. That’s because, despite having had an accountant, he thought he knew better; And “to hell with those agents” in the IRS who contradicted him. Needless to say he was always the subject of multiple audits. Often, the consequence was that he paid more, not less. This was because he antagonized the wrong people. Those people paid him back by finding all sorts of “wrongs” committed by his accountant.
My lesson from all of this is “Don’t mess with the IRS!” And I usually tell that to any client who will listen. This “not messing” includes any other taxing agency. And it also includes having the most reliable accountant to do your taxes. And don’t be afraid to pay them to do it. Avoid doing the taxes on your own. If you do end up being audited, you have the accountant to explain what he or she did with your taxes and why. There are also people called “enrolled agents” who can assist you if the problems get more serious like my Father’s difficulties.
Another lesson is to prepare the documentation that your accountant will need to fill out your tax returns. Accountants will often provide a list of what they are looking for.
A final lesson is to try to do your part of the prep work well in advance of April 18th. You are likely to get a better reception from your accountant, and a very accurate return. This might enable you to pass the tax season and not extend the time for payment. In other words, just get it over with!
We hope the material in this newsletter will be helpful. It is good to have an idea of the types of taxes that exist. If you are an existing client and need a referral to a good accountant, do not hesitate to call Lannik Law.