Taxing

In honor of tax day (which is 3 days late this year because of Emancipation Day in the District of Columbia), I just wanted to write a little post to say:

Holy crap this was the most annoying tax year I’ve ever had.

On the one hand, it was a little easier because Debbi and I got married last year. And filing jointly saved us a bunch of money in taxes, and that meant two fewer returns (federal and state) to file.

On the other hand, Mom passed away last year, and I’m the executor of her estate. So that meant filing federal and state taxes for her personally, and then federal and state taxes for her estate, and an additional state return for California because (apparently) that’s where I live.

On top of that, one of the funds she’s invested in was astoundingly late getting their information to her investment company, so they sent out a preliminary 1099 in February, and then an amended 1099 in late March (!!). Fortunately I have my CPA do all the paperwork, and I know they do it all on computer, so it was mostly a matter of waiting, waiting, and waiting some more before finally dropping it off with them. Oh, and since I transitioned her account from a personal to an estate account, and the personal account records were still being sent to her old address, I had to contact her investment advisor to get the amended 1099 for that account sent to me. Ghaaa-aaah.

And basically everything else hinged on getting the estate returns done, so it could generate K-1 forms for myself and my sister (the estate’s beneficiaries) for our own returns.

Lastly, I found an error in our returns when I picked them up for review, which involved some more running around (but was worth it because it saved us a reasonable amount of additional money).

I am one of those luddites who still files my taxes on paper. Although that’s not really the issue; some of my Mom’s taxes cannot be filed electronically anyway. It did mean a wait at the post office to ship things off, but on the plus side the fact that so many people file electronically these days means the wait is a lot shorter than it used to be.

Anyway, I got everything sent off on Thursday, and hopefully that will be the last I hear of them. Where taxes are concerned, no news is definitely good news.

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