Bullet Point Friday

I definitely don’t want to be responsible for pulling anyone away from their taxes this weekend with a riveting and lengthy blog post.  So this one will be short and non-riveting.  The long-winded tax attorney is just gonna use bullet points today:

  • Obama released his 2011 tax return.  He paid $162,074 on income of $789,674 (20.5 percent rate).  When Romney was asked to disclose his return too, he responded by saying he’s filing for an extension.  See full story here.
  • If you’re interested in free Tax Day noshing at Panda Express, Chevy’s, P.F. Chang’s, etc., you may benefit from a perusal of this story.
  • The Giants shut out the Pirates 5-0 today in their first home game of the season.  Matt Cain threw a one-hit complete game.
  • Axl Rose declined Rock and Roll Hall of Fame induction like a little baby.  Part of his letter reads like his lawyer wrote it for him:
I strongly request that I not be inducted in absentia and please know that no one is authorized nor may anyone be permitted to accept any induction for me or speak on my behalf. Neither former members, label representatives nor the Rock And Roll Hall Of Fame should imply whether directly, indirectly or by omission that I am included in any purported induction of “Guns N’ Roses.”

Stress About your Bracket, Not your Taxes

We’re approximately one month away from Tax Day and the IRS is offering up a bit of advice on how to get through these next few weeks without losing too much sleep. The most prominent ingredient in IRS’ anti-stress formula is “Don’t Procrastinate.” This is good advice. Why wait until the weekend of April 15th to get started on your taxes? If you rush around at the last minute to get your taxes done, then the likelihood that you will make an error increases. Also, don’t think you can pop in to see an accountant or a busy tax preparer at the 11th hour. There are many people who put it off and you’re going to have to “take a number” and wait your turn.

If you’re due a refund then you probably file early. Most of the last-minute filers are people who know they are going to owe. Some of them know they will owe and also know they can’t afford to pay — and that can certainly be a big source of stress. But it doesn’t have to be…

Self-serving plug: The tax attorneys at Montgomery & Wetenkamp know how to resolve tax debts quickly and fairly. Call now for your free consultation.