I met with the accountants this afternoon - one for the Swiss taxes, and one for the U.S. taxes. With my satchel containing perfectly organized tax records in one hand, and my laptop in the other, I jumped on the 12:41 tram that whisked me to my 1 p.m. tax meeting at "Big Worldwide Accounting Firm". I actually felt kind of like a businessman.
Brrrrrrr...scary!
These were "new" accountants. I say "new" because this particular firm won the bid to handle the tax work for Mrs. TBF's employer, and this was my first time meeting with these people. I might add that this is the third firm doing our taxes in 7.5 years we've lived here.
I won't say which firm it is, but it doesn't really matter because they're all pretty much the same anyway. By the same, I mean that they all pretty much expect you to download their planner off their website so that you can fill in all the blanks with your information (thus, doing most of the work for them). Then they transmit the information to data processing centers in India to take advantage of cheap labor, but don't pass on any of the labor savings to you/your company because they need to make a lot of money so that they can continue donating money (via their Political Action Committees) to U.S. politicians' campaign funds so that the politicians won't pass laws that change the extremely complicated tax laws that make it virtually impossible for U.S. people working abroad to do their own taxes.
Don't believe me? Well, then just go ahead and Google search any major accounting firm's name along with "political action committee" or "PAC" and you'll see all the money that accounting firms donate to senators and congressmen every year.
Then, one of my favorite parts of the annual tax filing dance is that when the returns are done, the firms completely release themselves of liability by stating that we have to double-check the returns for errors, and that we are responsible for the accuracy of the returns. Oh, and did I mention that none of the firms really agree with how the previous firm has done the taxes? That's another good one!
IT'S A BIG SHELL-GAME, I TELL YA!!!
So, anyway, I arrived at the accounting office at 12:55, was escorted about five minutes later into a big conference room with the two accountants, and proceeded to turn on my laptop and lay out my "business" papers that were all labeled and separated by binder clips.
Did I fill out the planner? Noooooooooooooooo! I never do. I mean, come on! They're getting paid thousands of francs for what? Me to hand them a few sheets of paper with all the info? I...don't...think...so! I made them go through everything one by one...handing binder clipped and labeled pieces of paper every step of the way. Then, I asked them several questions (to which I already knew the answers) just to make them earn the money a bit while I drank one of their bottles of fizzy water. By 2:30, I had run out of fake questions and wasn't thirsty anymore, so I just thanked them and left.
Let me point out that I have nothing against the accountants. As a matter of fact, I liked them; they were very nice, seemingly competent people. However, I just think it's a big exercise in futility. For the past couple of years, we've jumped through these hoops, paid our Swiss taxes, had our foreign tax credits applied, and then owed...ZERO dollars in U.S. taxes. That's right! $0.00!!!
Oops...I hope I didn't just jinx us for this year.
Wouldn't it be easier (and cheaper) just to make it so that Americans don't have to pay U.S. taxes when they're working abroad? Just have us fill out a form that says we're working abroad and send it to the I.R.S. with a big $0.00 at the bottom. Heck, we wouldn't even need an accounting firm to do that.
Maybe that's just the point...
I was born in Canada... I grew up in America... I lived in Switzerland from 2000 to 2010... I moved back to the U.S. in 2010... I'm of 100% Finnish ancestry... ...and, I'm big...I'm The Big Finn! Check out the daily goings on of TBF and his wife - Mrs. TBF. We do a lot of traveling, hanging out with friends, and just plain...ENJOYING LIFE!
Showing posts with label accounting firms and politicians in bed together. Show all posts
Showing posts with label accounting firms and politicians in bed together. Show all posts
Wednesday, February 27, 2008
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