12 Pains of Tax Season

Posted on December 9, 2011 by

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  1. Organization –  is the key to a happy tax season
  2. Planning  - ahead will avoid stress on both parties
  3. Surprises – no one likes surprises during this season
  4. Life Changes  - can have a big impact and need to be discussed
  5. Deductions – are important to a healthy tax return
  6. 401K or IRA – tis the season to contribute, fa la la la la, la la la la
  7. Mileage Log – mark it down on your calendar, once not twice
  8. Charity donations – get in the spirit of giving but get a receipt
  9. Stocks – attention need cost and date purchased to reduce your gain
  10. Child Care – a tax credit you’re reminded of Monday through Friday
  11. Home Improvement – energy saving credits are not staying forever
  12. Tax Return – is the pain too much?  Give it to us!
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About petermcmahoncpa

With over 25 years in accounting experience, Peter has held various tax positions in industry, including tax manager, in various companies such as Raytheon, Computervision, LTX Corporation, and Chipcom. In private industry, he specialized in midsize to large, international and multistate operations, particularly in high technology companies. In public accounting, Peter has held positions as tax manager at Ernst & Young and Wolf & Company. He has provided tax consulting and compliance to a variety of companies including partnerships, S corporations, and C corporations in a broad range of industries including manufacturing, real estate, retail, e-commerce, consulting and hospitality. Peter has provided individual tax planning and preparation for clients' officers and partners as well as non-related high net worth individuals. It can safely be said, that if you need a TAX EXPERT, and don't want to be a "very small client" at a big 4 accounting firm (but want that expertise!) then Peter McMahon is your CPA.
This entry was posted in Accounting, Charity, Federal Tax, MA Tax, Personal Tax, Retirement, Small Business, Tax Credits, Tax Planning and tagged , , , . Bookmark the permalink.

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