As I mentioned in the previous blog, my wife is doing the tax this year with some help from me. We have spent about 5 hours -- one hour per night whenever we have time. And we just finished the Federal return part. We were checking every instruction to make sure we understand the tax code and try to get as much return back as possible. The tax code is really broken in this country. We shall see if Mr. Obama is able to do anything about it, to close all the loopholes and to close all the exemptions.
As for this year, I just hope we could get the NY and NJ state return done in another 3 to 4 hours, and then file them away.
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