During March and April of each year, I tend to be a little grumpy. After sorting through receipts, balancing books, and juggling fancy software programs, all in the effort of settling up with Uncle Sam, who wouldn’t be a little irritable? When I review my list of colleagues, friends, and neighbors, the only ones who seem to be smitten about preparing tax returns are the tax preparers themselves.
With the recent announcement of the Patient Protection and Affordable Care Act being upheld, I’m grumpy again because I have to start working on my W-2 reporting now – in the summer! I should be reveling in poolside possibilities, but instead my head is swimming. I’m sure you’ve read all about W-2 reporting by now. The purpose being that of helping the Internal Revenue Service (IRS) identify who has coverage (and who does not), plus preparation for the Cadillac tax on high roller plans in the future.