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Last minute gift ideas
for the tax geek in your life

December 24, 2007

My dad was an inveterate last-minute Christmas gift shopper. OK. Maybe he already knew what he was getting; he just didn’t go pick it up until Dec. 24.

I used to have my gifts in hand by August so all I had to worry about was wrapping them. But for the last few years, I’ve found there’s a certain rush to shopping a little closer to the big day. I started to say "when the decorations are up in stores," but that still would give me from around Halloween, so …

Anyway, I still don’t wait until the very last moment. But if you do, here are some ideas for the tax geek in your life.

Of course, at this late date you you’ll have to print out the image of the gift, wrap it in a Form 4868, Application for Automatic Extension of Time to File U.S. Individual Tax Return, and deliver the actual present later.
A true tax aficionado won’t mind the wait.

Accountant_watch
For Counsel
has several intriguing gifts. First, a framed reproduction of the original 1913 inaugural Form 1040. It’s four pages long, including one page of instructions. The mahogany frame has a beaded edge and the ivory mat contains a brass plate identifying the document. Cost: $225 plus shipping.

Then there’s the accountant watch (at left; $49.95 + S/H) and the CPA stamp collection ($125 + S/H).

Legaltease offers a wide selection of tax-themed T-shirts, mugs and tote bags. You can select from the always appropriate Albert Einstein quote: "The Hardest Thing in the World to Understand Is the Income Tax." Or pick an item emblazoned with the 1040 declaration "Under penalties of perjury, I declare that I have examined this return." Prices for the items range from around $15 to $30.

What’s the holiday season without goodies to munch? At Anything Unique you’ll find an assortment of Belgian chocolate tax-themed treats. You have to buy them by the case, but that’ll give you lots of tax sweets to share. Prices range, before shipping and handling, from $32.50 to $80.

Shyster_schysterFinally, there’s the IRS action figure Irwin R. Shyster (or sometimes Schyster), based on WWF wrestler Mike Rotunda’s former IRS tax collector character who harassed fans.

The doll is available on eBay for as little as $2.99 (with shipping costs adding another $5). Thanks to our "personal tax shopper" TaxProf, who tells us that Shyster’s signature lines include "I’m gonna write you off!" and "You can pay me now, or you will pay me later!"

I hope this helps as you’re rushing about today, looking for that last perfect gift to put under the tree. Merry Christmas!

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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