Already Thinking About Taxes
Sunday, January 8th, 2012Seriously wish one of the candidates for President would promise to get rid of the IRS. I would vote for that man regardless of his position on other subjects. I absolutely hate doing taxes and yet I firmly believe that every citizen should be able to complete their forms on there own and file them without fear of an audit or questioning by the IRS because they could not understand the complicated tax forms and tax law.
Thankfully, we citizens do have the ability to get help with our taxes. There are people who are trained and licensed to help us prepare taxes, and they have to stand behind their work. If someone other than the taxpayer prepares the tax forms, that person has to sign the form along with the taxpayer. If you were smart and hired an enrolled agent to help you prepare your taxes, the enrolled agent can appear before the IRS if you get audited, and they can even negotiate with the IRS on your behalf.
Becoming an enrolled agent requires formal training, which is available online now. You have a variety of courses that you have to take, such as the enrolled agent ethics course and about 50 hours of study on a list of required courses.
A lot of people like to file their taxes as soon as they receive their W-2s in the mail, around the end of January. These are usually the people who are expecting a refund. However, a lot of other people wait until the first or second week of April to even look at a tax form and try to figure out whether they will get a refund or have to pay in. I know that I need to get busy organizing my home filing system and get the receipts sorted so that when my W-2 comes in the mail I can do a rough estimate and find out if I need to start saving up to pay in, or if I can expect some money back for a change.