Ken: We’ve not decided.
Daria: I don’t want to talk about this topic.
Ken: With just tax straight for it. Will you cut it out!
Daria: I hate taxes!
Ken: And tell me before you do that! It scared me! Now, everybody we’re the Dolans. I’ll tell you why Daria doesn’t want to talk bout tax preparation tips. First, well, it’s that time of the year and I’ll tell you why. Let’s be honest. We’re always honest with you.
Daria does the lying share of the work. She really does. We have a tax preparer. Karen has almost our tax preparer for years up in May. She’s a wonderful lady but Daria gets everything lined, gets everything in big, white envelopes. So when I talk tax preparation, here’s the person who does the most work
Daria: And actually, I do it all years long because if you do keep all of your deductions in ledgers, in files, you can throw that into an envelope and keep a running total. You don’t have to sit there with the calculator into the wee hours of the morning. It makes for a much scale back amount of time that you have to spend even when you do say that it’s someone else and it’s cheaper. If you can do the bulk of the work first, and then send it to your accountant because remember they’re like lawyers. They bill on time. Time is money.
Ken: Do you really steal my first check but that’s okay. Don’t wait the label for this and that’s the very good point for that. Don’t wait till the last minute. We did our radio show back at the WOR radio in New York
Daria: Unbelievable.
Ken: We’re going to run on a tape and we’re going to talking too much but we did a show of the night of. You know, let’s do it that night.
Daria: April 15
Ken: And the from the New York post office on the 8th Avenue. What a mess will it be?
Daria: There was the guy sitting at the head tables out there? And there was a cover to the shoebox trying to do his tax papers
Ken: And it’s 10 o’clock at night.
Daria: And we wanted to interview him. I thought he’s going to take the mic and eat me with it.
Ken: Alright! Three major mistakes people make and don’t make and never want this not signing the tax. It’s an agreement, alright. Not signing the tax for a number—
Daria: It’s that kind of agreement gone to your head.
Ken: Yeah, no kidding. Number two, doing bad mouth and incorrect mouth. Number three, not dating it. I’ll give you another one, too?
Daria: Tax tables. You look at the tax tables and then you go to the wrong line. Get a straight edge and put it there if you do it your own.
Ken: Some people either omitted their Social Security number or put in a wrong one for usually large deductions like a medic or an operational procedure. May we suggest that you include documentation on your return with the return of it so it’s unusually large? Keep the original yourself. All of sudden, they lose up and they can't find it, “Oh, I sent you my original” and that’s a mistake.
Daria: Make sure you report all your income even when you don’t get a 10-40 from somebody. That does not mean that they haven’t reported it to the IRS themselves.
Ken: Big, big problem with the IRS. We’ll tell you right now. If they find income you haven’t reported, it’s a big trouble. That’s the main thing. What did Fernando say on Saturday Night Live? It’s better to look good than to feel good.
Daria: And to do your taxes properly.
Ken: Have all the documentation you need in the file, after you file your taxes in case the IRS comes to you.
Also if you need help and you need help with the professional, you don’t know an accountant. You can go to your bank and your minister and your rabbi and your friend then ask for CPA referral or you can go to Accountant’sWorld.com if you need help.
Start now.
Daria: Please!
Ken: April 15 is not far away. We’ll be right back.
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