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Can you believe that one of the most dreaded times of the year is almost here again? The time when we tear into our financial records looking for ways to beat the tax man out of a few extra dollars. It's also the time of year when all the self-declared tax pros come out of the woodwork with their advice about how you should do your taxes. Some of these advice givers ... especially the amateurs ... would do us more good if they simply kept quiet instead of letting their ignorance show.
For the next couple of months we are going to be inundated with information and advice from newspapers, magazines, television, radio, and the Internet about what we should be doing with the myriad of tax forms to be filed. And, let's not forget about our well-meaning friends, family members, and acquaintances who will be coming up with some obscure tax secret the even the IRS can't figure out. With advice coming at us from every angle it’s going to be important to sort out the fact from the fiction and make the best of an already bad experience.
Having said that, let me be one of the first to welcome you to the 2010 tax season and offer a few pearls of wisdom of my own. A little “TaxFact” and “TaxFiction” if you will just to start getting you in the mood for things to come.
The first realization you need to come...