Last Friday, I had the opportunity to participate in the first 22Tweets Roundtable. 22Tweets is a real time interview on twitter. The theme for the inaugural roundtable was life/work balance (yes, there is such a thing). If you missed it, you can catch all of the participants’ answers here. Thanks to Lance Godard for inviting me!
And if you’re already following me on twitter, here’s the link. But consider yourself warned: I tweet about much more than taxes. There’s some law stuff, some kid stuff and for October, Phillies galore.
It’s a chilly Sunday morning here in Philadelphia. I thought a bit of housekeeping might be in order, so I’m opening up the ol’ taxgirl (e)mailbag. I have a bunch of non-technical tax questions which were submitted as “ask the taxgirl” questions but I thought it made more sense to answer them in one big post. So grab a cup of coffee and pull up a chair!
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Taxpayer asks:
Dear taxgirl, why did you decide to become a lawyer? I’m thinking about going to law school this fall and I’d love your thoughts.
taxgirl says:
I watched a lot of TV. Seriously. I didn’t really know any lawyers growing up so I based most of my impressions of lawyers on what I saw on TV or read in books. I was a big fan of Perry Mason and, of course, Nancy Drew’s dad, Carson (what girl didn’t have a crush on him?). But mostly, I loved the idea of doing something that made a difference. Remember that great scene in To Kill a Mockingbird?
That said, the legal market is really tough now. Law school can be expensive (I’m still paying off my loans) and jobs can be hard to come by. Make sure that you really want to go – and you’re not just going because your parents want you to (we had a lot of that in law school) or because you’re a smart kid and don’t know what else to do (we also had a lot of that in law school).
If you’re not completely sure, my advice is to talk to a bunch of lawyers: small firm lawyers, big firm lawyers, government lawyers. Intern in a law office. Sit in on a law school class or two. Then make your decision. Good luck!
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Taxpayer asks:
Have you ever filed your taxes late or owed taxes? I’m just wondering.
taxgirl says:
Yes and yes. Our tax system, as it exists, is self-governing. That means there’s no one standing over you screaming at you to file and pay every year – or every quarter in the case of small businesses and those who owe estimated taxes – and I’ve been both. Sometimes the mistake is on the employer side (as when I was first in Philly, my NJ boss didn’t withhold wage tax) and sometimes the mistake is on the employee side (as when you just get overwhelmed and forget a deadline). Mistakes happen. I always tell clients that there’s no shame in it: just fix them.
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Taxpayer asks:
I’m a 2L and am thinking about classes for next semester. Which tax classes do you recommend? Any to avoid?
taxgirl says:
I loved Federal Estate and Gift Tax and Tax Policy, hated Partnership Tax (though it is handy). I’d recommend starting off with baby tax (federal income tax) and seeing which aspects of tax law appeal to you. I also recommend taking some non-tax courses, too. I never intended to be a tax lawyer but I really enjoyed a class that I signed up for just because it fit my schedule and it wasn’t litigation-related. So don’t stack up on tax in the beginning, you never know. Try a bit of everything.
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Taxpayer asks:
You talk a lot about living in Philadelphia but you call yourself a Southern girl. What am I missing?
taxgirl says:
Easy. I grew up in North Carolina. I’ve lived in Hampstead (early years), Durham (high school) and Raleigh (college). I moved to Philadelphia to go to law school and loved it so much that I stayed.
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Taxpayer asks:
What’s the strangest deduction that you’ve ever seen on a tax return?
taxgirl says:
Hmm. I’ve seen some odd things. But one that jumps out at me is pet therapy – as in therapy for a pet. While I understand that pets are like children (we joke that our dog is our first born), you can’t claim pets or related expenses on your tax return.
And then there’s flat out lies like the guy who claimed his Disney cruise was a business expense (he ran a car dealership).
One thing you can say about tax law: it’s never boring.
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Taxpayer asks:
I see you practice with your husband. Do you talk tax at home? Just curious.
taxgirl says:
Yes, but he doesn’t listen. My husband isn’t a tax lawyer, he practices international and corporate law. But that doesn’t stop me.
I did see it, thanks. Um, my favorite? I used to love LA Law – what a great cast! I also used to watch Perry Mason reruns with my grandfather and Matlock since it was filmed in my hometown. In law school, I watched Ally McBeal and The Practice even though they were completely unrealistic. I actually don’t watch any legal shows now that I practice, they drive me nuts.
I can’t think of any tax lawyers on TV off the top of my head. My guess is that the work doesn’t seem glamourous enough. “Watch me research this deduction!” It just doesn’t have the same on air appeal as, say, defense work. But hey, Hollywood, I am available.
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That was fun and the mailbag is a little bit lighter now… Thanks for writing in!
If you’re currently a law or paralegal student, don’t forget to enter the “Win an A in Tax Law” contest on taxgirl! You can win some amazing prizes including books, speakers and computer storage. And oh, yeah, an A.
To clarify (since I’ve been asked):
Yes, LLM students can apply.
No, you don’t have to be taking tax this semester.
And no, you don’t have to use Blue Book cites (shudder). It’s a blog post, not a brief. Source appropriately, but seriously, don’t overdo it (nobody wants to read that).
For more information, including a list of prizes, refer to the original post. Hurry, contest ends April 10. I’ll leave the post up as a sticky until then…
Consider entering the taxgirl.com writing competition – you could win an A! Well, sort of. Read more details here. The deadline is quickly approaching!
It’s Theme Day at b5media’s business channel. Usually, theme day is a breeze – in fact, so seamless that you might not have even been aware that we had a regular theme day; I just incorporate the theme into my planned post for the day.
But this month is kind of difficult which is ironic [...]