Thursday, April 8, 2010

Taxes what when?

With 8 days to spare we finally got our taxes done. I have only had all of the necessary forms and information compiled since Jan 30 just sitting in line of sight glaring at me every day to just get it done. Hoss and I have said to each other at least once a week since January, "we should do our taxes". We are obviously highly motivated people. Anyway, while perusing the web for tax info I came across this verbatim question from a tax payer. Is there some sort of pseudo Darwin Award for these people?

"Q: my tax professional said I have to work to claim EITC??? Why is this true? The Irs should pay me to sit home and not work, after all I voted in Obama."

A tax professional very kindly responded with the following:

"A:The Earned Income Credit was created to encourage people to work, so it is like a reward for working. The preparer is correct, you have to work in order to qualify."

If I were a tax guru I think I would have just provided the definition of earned.

earned, earn·ing, earns

1. To gain especially for the performance of service, labor, or work: earned money by mowing lawns.
2. To acquire or deserve as a result of effort or action: She earned a reputation as a hard worker.
3. To yield as return or profit: a savings account that earns interest on deposited funds.

I also have a Netflix movie to return that has been sitting next to the tax documents since January. The mailbox is just so far away (literally, it is not even on the way to or from our house, it is on a totally obscure street blocks away).

5 witticisms:

Maggie said...

I am never the first one to comment! I feel so lucky! We are bad with our Netflix movies too. They just sit there. Every month I say that I am going to cancel it but I never do! I miss you guys! Come visit!

Em said...

I love it so funny, gave me a good laugh.

Leslie Jill Beddes said...

People are awesome. your story reminded me of something I saw on youtube :
http://www.youtube.com/watch?v=TswMeHnh2cA

Chris said...

It is either sad or weird how similar things can be. I have yet to finish my taxes, mostly because i owe money this year, and i have had the same netflix movie sitting on my dvd player for several months. great minds must think alike. cheers.

The Highland Hill's said...

i love the earned income credit...once he gets his practice up and running his business can pay him a small income and you can really max out the EIC...