04/09/2012 06:06 pm ET Updated Jun 09, 2012

Ain't No Party Like a Tax Return Party

By Debbie DiVito, CPA, Content Manager, Women & Co.

I get it -- filing a tax return isn't the average American's idea of a good time. Although I'm a certified public accountant (CPA), I agree... there are DEFINITELY better things to celebrate. But, let's be honest -- there are only so many holidays that apply to everyone in America, so at least it's a relatively universal topic. And hey, who doesn't love a good party?

Case in point, my friends -- they're smart, they're fun, they're involved, and they celebrate everything. Give them an occasion and they'll find a way to manipulate it into a party, and, if you're lucky, a themed party. But why would they want to celebrate tax season? Let me explain.

A few years ago, I was shocked to realize that my friends spending way too much on tax prep fees to file their relatively simple tax returns. When I explained to them that filing a tax return isn't necessarily as daunting as it might seem, they resolved the issue the way they knew best: by having a party. Because we were in similar financial situations (unmarried renters with modest savings), we decided to band together and tackle our taxes together in the comfort of my apartment... over brunch... with cocktails. And you know what? It worked.

Since 2009, my friends and I have celebrated tax season with our annual tax brunch. Some things have changed over the years: marital statuses have changed, jobs have been both lost and found, and some impressive strides have been made in the savings department. But one very important thing has stayed the same: we're here for each other and we're in this together. We support one another in every other aspect of our lives, so why shouldn't we feel comfortable getting personal about our finances? These are my best friends; there's not much I don't know about them. We talk about love, family, work, and yes, money and taxes. We never have all the answers, but where we can, we figure them out together. And when the stakes seem a bit high, we are definitely not above consulting a professional on the matter!

What conversations are you and your friends having this tax season? Are you comfortable getting personal about finances with friends?

About the Author:
As Women & Co.'s content manager, Debbie is responsible for creating original editorial content for Women & Co. In her role, Debbie couples more than seven years' experience supporting clients in the financial services industry with her passion for writing about important financial concepts in a way that is both unintimidating and fun. Debbie is a certified public accountant, has undergraduate degrees in finance, multinational business operations, and Spanish from The Florida State University, and holds a master's degree in Accounting from The University of Virginia.

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