Tax season is over, so what now?  For starters possibly some exercise.  After that, back to work but for only 40 hours each week.  People always ask me this time of year “what do you do for the rest of the year now that tax season is over?”  Well, let me write it down so when people ask me, I can just give them a link to this post.

First we send out bills for all the work we did during tax season, which isn’t super exciting but definitely an important task.  Then we try and file the returns that were extended.  Many were extended because by the time we got the information, we did not have enough time to file.  Those can be filed now that we once again have time. 

For taxpayers who are outside the country in April (living in a foreign country, not just on vacation), the due date for their returns is June 15th so there are some of those.  The FBAR filing is due at the end of June; plenty of those to file.  Some corporate filers are not on calendar years so there are some of those returns due in various months.  There are extended returns because we were missing information.  When the information becomes available this summer we can finish up those.  There is always time spent responding to IRS and state notices and working through tax audits.  We always do tax planning each quarter for individuals and businesses.  The returns for estates and decedent’s trusts are due 9 months after death, so there is time to work on those in the summer or fall.  Throw in some blogging and continuing education classes and I will manage to stay busy all year round. 

Of course I will squeeze in a little time for Frisbee, golfing, and fishing and pretty soon it’s time for year-end tax planning then another tax season.  Tax season might be over, but still plenty of taxes to do.