This is tax season and all of us are busy with collecting necessary documents to file our taxes. Last weekend, I was browsing IRS website to see if there has been some new rule, changes to tax code etc. I remember in past reading some news on taking advantage of mortgage insurance tax deduction (correct me if I'm wrong) which happens to be a new feature this tax year.
One of my friends asked me this question. Why do you always do analysis on all the items be it purchasing a new laptop, tax filing etc? Have you ever made success on this always
Here is my opinion on what I feel about all these things. A person should neither be Jack of All trades nor master of all. When I attempt to file my taxes, if I would have spent some hours randomly browsing tax changes if any this gives e feeling of great personal satisfaction.
Before few years, we met our CPA to file taxes. Literally he could dedicate 30 mins. He prepared the data real quick. I did go over the return and brought into attention a new point that I read in some magazine. Though not intentional by mistake it was overlooked (later we found it was his interns who prepared returns :)). Immediately he made change and I saved about $150. Preparatory work though not my cup of tea did come handy. So, all I can say is that if you have some free time and have some upcoming venture, try to have simple preparation so that you are not blank when the activity starts
One of my friends asked me this question. Why do you always do analysis on all the items be it purchasing a new laptop, tax filing etc? Have you ever made success on this always
Here is my opinion on what I feel about all these things. A person should neither be Jack of All trades nor master of all. When I attempt to file my taxes, if I would have spent some hours randomly browsing tax changes if any this gives e feeling of great personal satisfaction.
Before few years, we met our CPA to file taxes. Literally he could dedicate 30 mins. He prepared the data real quick. I did go over the return and brought into attention a new point that I read in some magazine. Though not intentional by mistake it was overlooked (later we found it was his interns who prepared returns :)). Immediately he made change and I saved about $150. Preparatory work though not my cup of tea did come handy. So, all I can say is that if you have some free time and have some upcoming venture, try to have simple preparation so that you are not blank when the activity starts
