Friday, July 08, 2011

Taxing

There is no doubt that filing your taxes annually is a very taxing procedure. I remember when my sister availed of the tax amnesty period and was given a deadline to accumulate all the necessary documents needed for the proper payment of taxes from several sources of income.

On hindsight, I believe it would have been much cheaper for her to hire a professional to do all the dirty work for her. I'm sure a tax accountant would be highly familiar with terms like federal extension that is frequently used in the internal revenue industry. S/he would also know what a tax extension form 2010 would look like and how to answer the numerous questions on all the forms.

It would have saved us from the horrific bureaucracy which we had to deal with on almost a daily basis for 2 weeks. Next time, we know better!

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