The Norman Transcript

Columns

April 8, 2014

Times two during April tax season

NORMAN — Each April, it matters about which column the numbers fall into. Jerry’s first surgery for cataracts occurred in November and the other, December.

“How’re you seeing now?” friends say.

“Great. It’s just great. My insurance isn’t covering but one eye. However, I’m told I can get it back in April.”

His larger bill came in January.

“It won’t count this year,” Jerry’s tax consultant tells him. “You paid that in the new year. It won’t count until next April.”

“But I need both this year to meet the allowable. The surgeries were both last year, and if I count them separately, it won’t help me in either year.”

“It’s funny that bookkeepers never worry about April when billing late.”

One neighbor lady consults. She is paid well.

“Look at this,” Margie tells her husband. “I received more pay this time. They gave me a raise. How about that?” Her client agreed to take out taxes. They forgot.

Margie is told she has to pay the taxes on that consulting fee.

“Just pay and forget it,” her husband advises.

“That’s not the point. I have to pay late fees and a penalty. Had I realized at the time I owed it and paid in time, I wouldn’t owe the IRS even more.”

Being single, Charley needs bolstering in April. He decides to buy a cow as a deductible.

“This is neat,” Charley tells his girlfriend. “I just bought a Jersey cow for this young family in Africa. The nonprofit takes care of getting the cow to them with feed and such, and I get a deduction.”

“On the other hand, we could get married,” she coyly responds. “Just think of how that would increase your deductions?”

Wedding bells ring sometimes at this time of year.

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