Leaderboard

15. But all the money in my 401(k) was money I put in - why should I have to pay taxes on it to get it out? 16. Just put down the same mileage as last year. 17. But the guy I work with makes the same thing I do and he gets a big refund.

Yeah, I'm pretty sure the Affordable Care Act is going to kill us all anyway. Which is ironic when you think about it...

1. I filed an extension, so I don't need to pay anything now. 2. I had a big loss in the stock market, so I won't owe any taxes. 3. I got paid in cash, so I don't need to report it. 4. I'm too young to pay taxes. 5. Income earned outside the U S isn't taxable. 6. Tax Preparers just fill out forms that you can do yourself. Since a number of my clients are S Corporations and their owners, my favorite is, " I didn't take any distributions so I don't owe any taxes." Please feel free to add to the list.

22. It must be nice to only work from January through April.

18) You don't need this info on my early withdrawal. They held out the taxes already. 19) Bet you are getting busy, huh?

OMG! Every one of us has heard them all..............and more! Wait until they come in this year with all their knowledge about ACA.

14. I left all the dividends in my brokerage account so I never received that income.

13. I didn't sell the mutual fund and didn't get the money. All I did was transfer the money from one mutual fund to another, so I don't have to report that.

10) I'm too old to pay taxes. 11) SS is not taxable, you don't need that form. (Uh, it's on a form... and hey, look - a worksheet on the back.) 12) Just put down the standard amount for donations.

8. Go to this place, they get you more money back. 9. If you fill out a 1040A you'll get more money back.

21. So long as my cousin does not claim her kids, I can. Somebody has to claim them. Tom Newark, CA

7. I donated a brand new _____ (sofa, or whatever) a month ago to charity. It cost me $2,000 so that's what I can deduct.

Too broad, and therefore incorrect. 2014 tax year, only 1095-A will be issued. 2015 1095-A will be issued from the marketplace. All insurers will send 1095-B. Only employers with 100 or more full time, or equivalent, workers are required to send 1095-C 2016 1095-A will be issued from the marketplace. Insurers will send 1095-B. Only employers with 50 or more full time, or equivalent, workers are required to send 1095-C The 1095-C should be sent with employee's W-2 for 2015 & later. In addition, people with Medicaid will not receive a 1095. People eligible for Medicaid are exempt from having to have insurance.

I guess it depends upon what legacy you want to leave with your clients. I would NEVER dump them to the "no customer service" world of H&R. If you don't care, then it can be a profitable "exit strategy." My professional reputation is much more valuable than that. When the day comes I choose to exit, I will interview perspective purchasers and find someone who will provide the same level of customer satisfaction and professionalism as I strive to have.