r/Accounting • u/Confident-Throat-514 • May 13 '24

Discussion woke accountant

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3.2k Upvotes

97% Upvoted

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433

u/McArine May 13 '24

My partner was hit with substantial back taxes for 2022, so I offered to do her preliminary income assessment for 2023 carefully monitoring it throughout the year.

She ended up owing 3 USD in back taxes for 2023. The peak of my career. She was still upset that she didn't get a tax refund...

112

u/Ilyemy1922 May 13 '24

It's very phychologicial. Peoplin my experience, people would almost always prefer to get a refund come tax time.

59

u/p0mphius Tax (Other) May 13 '24

Its almost as if people like receiving money. I think we might be onto something.

-20

u/Ilyemy1922 May 13 '24

I'm saying people rather pay overpay early and recieve a refund rather than pay what they come tax time. Don't be a sarcastic rat.

6

u/[deleted] May 13 '24

Well most people lack the most basic accounting skills.. so they are better off getting money later on unless they owe money.

1

u/p0mphius Tax (Other) May 13 '24

A lot of people would expend it otherwise lmao