Form 1040

On February 19, 2012 By

“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”

The above Benjamin Franklin quote highlights the certainty of taxes.   Taxes will always be there in some form or another.   The first personal income tax [...]

Continue Reading

Maybe it’s because I am in the world of accounting, but any time I put money into an offering, donate to a charity, or give goods to a thrift store, I always make a mental note to keep the receipt.   Actually keeping the receipt is an entirely different matter!   I make the mental [...]

Continue Reading

The CPA Ethics Exam

On January 22, 2012 By

I wrote a short post on The CPA Journey, as I had experienced it, about six months ago on August 8, 2011.   My mind wandered there probably because I had taken my last CPA test a little over a week before that, on July 30.   Just 21 days later, [...]

Continue Reading

2011 Tax Season

On January 10, 2012 By

Hello Everyone!

The tax time is just around the corner!   I hope everyone had a wonderful 2011 both tax-wise, and more importantly, lifestyle wise; spent with happy moments with family, friends and you all are in a better position now than one year ago.

2011 was a year that was very good to me. [...]

Continue Reading

The last first time ever leaving the country occurred at the same time for both my wife and me.  Our honeymoon in Cancun kicked off with advice from an airport employee in Chicago: “Tear off all information on your travel bags that might give away who you are or where you live.   Always keep [...]

Continue Reading

The first thing I do when I get home from work is check the mail box.   I don’t know, it just seems like the right thing to do.   There’s usually 3-4 mail pieces in there.   In the pile of newly acquired mail, I would peg the average [...]

Continue Reading

Interest payments add up.   Car payment, credit card payments, business expenses, mortgage and recurring monthly bills add up, and they can add up quickly.   One day you are making payments adding up to $500, and in the blink of an eye you could be staring down the barrel of $5,000 a month.   [...]

Continue Reading

Here’s a thought.

On September 19, 2011 By

With all this talk about the recession, and no light at the end of the tunnel, there are some wild ideas being thrown around about how to turn that light back on.  I was thinking about it, earlier today, when Obama launched “the Buffet tax”.   Yikes, I thought, Buffet is putting [...]

Continue Reading

Tax Benefits of Marriage

On September 12, 2011 By

A short video blog I recorded yesterday while watching some football.   You can see in the video what the new home office looks like as well.   It’s is regarding the tax implications of marriage.   There were a million reasons I got married; but I have to say, for a bean counter, this [...]

Continue Reading

Rummage Sales

On September 10, 2011 By

Something I really enjoy doing, that I don’t do nearly often enough, is driving around neighborhoods on the weekend in search of rummage sales.   Garage sales!   It’s best when they have signs from a main road that just guide you in.   Today I bought Tom Clancys: Rainbow Six.   [...]

Continue Reading