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Thursday, January 31, 2008

Internal Revenue Service (2008)

Oh man. The first review of a government entity! Not even worth putting verbs in the first two "sentences."
I have some unique tax implications for my 2007 return. For instance I have deductible interest for student loans. I also have some deductible interest for my 401(k). But what is really going to blow my refund out of the water (in a good explosive more cash in my pocket sort of way), is the $2000 bones I get to deduct for renting my Uhaul and moving to Chicago.
But have I really moved here?
Am I really eligible for all that cash back?
Sorta and probably!
It's tricky because the way the rules work depend on how much work you are going to get in the first year of living here. Luckily I've been hired for a project that will last 'til about September. Worst case scenario is that I don't meet that expecation and I have to return that cash.
But anyway here's the part you're all interested in...
Although I had two watch checks on my call to the IRS, in 15 minutes of waiting I finally got to chat with Mrs. Baker. I highly recommend her if you are in the central tax zone. She was super friendly and helped me answer my questions. Just make sure when you call you have a good idea of what you need to know and any pertinent receipts. Luckily I just rely on my asstute memory. Or is it astute: a-s-t-u-t-e. Yes. I think so. Yes.
Really my opinion of the tax code is that if you have a basic level of reading and arithmetic you can do your taxes and save some cash. Unless you have a home, kids, pending divorce, unearned income, or aren't in the bottom tax bracket, you should just do your own taxes. It only takes about an hour.
EDIT: I liken Mrs. Baker's customer service expertise to calling up the little old Bea Arthur lady in your condo of old people and asking for help with your W-2. I'm expecting her to send me rum-raisin oatmeal cookies in an IRS decorative tin (IRS Tin 3210(b)) any day now.

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