Another Tax Season Has Come and Gone!!

Rick Walter, CPA
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Please forgive me. It has been a while since I last blogged. Tax season does that to me. I try to decide if I should take the time to blog or keep drafting tax returns – tax returns always win out.

My readers were probably upset not getting a dose of my thoughts, so sorry to all three of you.

There were many reasons that this tax season was tougher than most. First, the IRS (or should I say Congress) had a tough time figuring out exactly what the laws were going to be. Once that was figured out (Ed. in January), the IRS had to make the forms match the rules. This caused delays in the service accepting returns.

Secondly, brokerage firms did not try to hide the fact that their first attempt at a 1099 was going to be wrong. They told their clients this so many of them decided not to bring their tax data in until the revision was received. Add to this the late filing of many partnership and Sub-S corporations and you ended up with a bottleneck in late March.

This has caused a “mini” tax season here at the office. Clients want and deserve their tax returns as soon as possible and we are trying to get them completed. If you are waiting for your return to be completed, thanks for your patience and hang in there.

This blog is being created on a Sunday so that I can get returns done during the week – is that dedication or what?

By the way, my beautiful wife and I did the train ride to Portland again this year. That’s either because we had such a good time last year or we have no imagination.

It’s Mother’s Day too, so happy M-Day to all of you out there. I should get off the computer and do something in honor of the day. Maybe staying out of the way is exactly what Stephanie really wants?

Thanks for listening and I will talk at you again.

Author: Rick Walter, CPA

Rick Walter brings over 25 years of professional tax and accounting experience to Hutchinson & Walter. Specializing in small to mid-size business entities and start up organizations, Rick brings a deep understanding of the unique tax compliance and accounting issues specific to those entities.

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