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Sweet tax dreams with Tax Code Coma tape

May 30, 2020
Pensive-man-lying-in-bed-3771050_Andrea-Piacquadio_Pexels

Can't sleep? You're not alone in these trying, tax and otherwise, times. (Photo by Andrea Piacquadio via Pexels)

2020 has been, at best, a difficult year and we're not even halfway through.

For these first five months, millions of us have been facing each day a barrage of concerns that are producing a continual level of extraordinary stress.

In addition to our normal day-to-day anxieties, we've been dealing with the COVID-19 pandemic, its unemployment and financial fallout, the recent deaths African Americans at the hands of individuals and while in law enforcement custody, heated and escalating political messaging in a presidential election year, a hurricane season that's already produced two named storms and, yes, taxes.

It's not surprising that few of us are getting the rest we need. I speak from personal experience. I've always been a night owl, but in the last few months I've morphed into a full-fledged insomniac.

But there just might be a remedy.

Soothing tax sounds: The folks at TaxAct, the tax preparation software company, have recorded the Internal Revenue Code, aka Title 26 of the U.S. Code. It's set to a new-age soundtrack, with the male narrator speaking in a calm, slightly hypnotic tone.

And that's the whole point.

The SoundCloud audio, dubbed Tax Code Coma, is designed to put listeners to sleep.

TaxAct Coma Soundcloud

Screenshot of Tax Code Coma. Click here to listen and/or download.

The recording gets this weekend's Saturday Shout Out. Additional shout outs go to Joe Kristan, the Eide Bailly CPA who mentioned the Tax Coma in one of his recent tax roundups for the accounting and advisory firm. Joe found it in Jim Maule's Mauled Again tax blog.

I'm not sure the Tax Code Coma actually works, but at this point I'm willing to try just about anything to get to and stay asleep!

Pleasant tax (and other) dreams to us all.

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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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