I work a seasonal job for a local large CPA group. I started last week. I give each personal tax return a final review using a checklist. I make all copies and add the metal. That is, I staple pages together and connect appropriate envelopes with paperclips.
I enjoy the work and the atmosphere. There are 6 CPAs plus 2 accountants and support staff. I have access to the tax books in the library. While I handle the 800+ personal tax returns, the office is busy with corporate, partnership, trust, and estate returns as well.
I work as needed during the season. That is usually 2 days a week for the first month and 4-5 days for the last 4 or 5 weeks. I like that there's an end to it, a deadline.
Already I have seen a W2 with wages over $360,000. I saw a W2 where the man earned about $80,000 and put $12,000 into his company's plan - 401(k) or the like. I've seen several returns with over $12,000 in mortgage interest claimed on Schedule A. Over the season I will see several with more than that in real estate taxes.
I am always curious about the little or complete lack of interest and dividends on returns where the earned wages exceed $250,000. The $ must have passed quickly through a bank and on to an annuity? A gold or silver investment? Real estate? Credit debt? Some investment without dividend earnings?
'til later
Tuesday, February 19, 2008
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