Episode 8: Lessons Learned From Tax Season

When it comes to taxes, I’ve always been on the client side – preparing financial statements, pulling supporting documentation and answering the CPA’s questions. I’ve done this as an employee as well as my clients when tax time rolls around. But I’ve never been the tax preparer - until now.

People ask me all the time whether I prepare taxes and when I say no, the next question is “why not?”

I never had an interest in becoming a CPA and preparing tax returns. It just wasn’t something that screamed “fun” or “interesting”. I like being in the middle of things and making stuff happen.

I never thought I’d be on the CPA firm side of a tax return, but I had the opportunity to do so this tax season, so I tried it out. What could it hurt? If I liked it, I could sit for the CPA exam and add taxes to my list of services. If I didn’t, I’d at least learn a few things to help my clients.

Now that tax deadline has passed, I’ve had some time to think about my experience and I wanted to share it with you.

Here are some IRS references:

IRS Personal Estimated Tax Payments:

https://www.irs.gov/faqs/estimated-tax/individuals/individuals-2

IRS Business Taxes Information:

https://www.irs.gov/businesses/small-businesses-self-employed/filing-and-paying-your-business-taxes

IRS Tax Calendars:

https://www.irs.gov/publications/p509

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