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What I Learned This Week – 1/6/2013

This week I learned that taxes are all about rules (I LOVE rules!)…except for the exceptions (I HATE exceptions!).

For the last five days (including this morning) I took a 20 hour free tax class (i.e. unpaid training) for a potential tax preparation job (that I have to test high enough to get).

The media has banged the drum this week that employment is up. I think the 15 strangers sitting in a room for four hours a day on their own time for a 50/50 chance at a job shows that there is no improvement in my area of the country.

I also learned that in cases of divorced parents, if the child is treated as the qualifying child of the noncustodial parent, the noncustodial parent can claim an exemption and the child tax credit for the child, and the custodial parent can claim the child as a qualifying child for head of household filing status, the credit for child and dependent care expenses, and the earned income credit.

Did your head explode yet?

I am thankful for this potential job opportunity. But it totally drives me nuts to be learning this huge wealth of knowledge and not know whether I will actually be able to put it to use or not.

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