Let's Talk with Maggie Toussaint
Earlier this spring I spent several days wrassling all my receipts, giveaways, and everything else into a spreadsheet for my 2022 income taxes. Every year I moan and groan about the process, even though I have all the receipts squirreled away and waiting for me.
It is a thankless task of sneaky typos, squinting to read bad handwriting, and sheer frustration. Some of you may know that math is not my strong suit. I absolutely can’t do air math. The spreadsheet is supposed to help but this year, it added another layer of frustration.
I had to redo those bad boys several times before I wrangled everything into perfect order. Then I took the work product to my in-house accountant. He spent a few minutes looking at the numbers, and it looked as if they were spinning in his head. He’s supposed to be the math whiz. Goodness Sakes, I certainly hope we aren’t going to swap talents because I would be a certifiable disaster at the taxes. Bottom line, I wasn’t finished…
My biggest issue is categorizing deductions. Apparently, the expense categories keep changing over time. My trusty cheat sheet of the various categories of allowed expenses, blinked like a frog at me. Specifically, I followed it to the letter every year, or so I thought.
But, as it turns out I had not grouped the expenses correctly for this year, other items needed to jump categories, and so on. My accountant said to come back when everything was in the acceptable IRS-approved category for 2022. Boy, did I grumble! How was it my fault, when the cheat sheet I used for the last three years betrayed me?
Then I transposed one number whilst shuffling things here and there, so the new summary numbers didn’t match the older summary number. That took a lot of sleuthing to discover where the error was. Finally, finally, I got it packaged together in the 2022 way, and it was accepted. I celebrated with macaroni and cheese, followed by orange sherbet. Whew!
Let’s shake off that exhaustion with a giveaway!
Leave a comment below about your tax season frustration, and your name will go in the hat to win an ARC of SNUFFED OUT, a book I wrote under the pen name of Valona Jones. (Winners US only.)
While you’re here, there’s only TWO MORE DAYS to enter our March giveaway. Zip over there right away to enter. The contest ends March 18, and the winner will be announced on March 19. CLICK HERE.
Posted in Let's Talk, with Maggie Toussaint • Tags: Expense Categories, Income Tax, Let's Talk, Maggie Toussaint, Smaxes, Taxes, Valona Jones | 26 Comments