Fun with taxes

posted by Jeff | Tuesday, February 15, 2005, 1:07 PM | comments: 2

I talked to our accountant today to get at least what I expected to be the initial bad news. Surprisingly, it wasn't that horrible. Our remaining fed liability is in the area of $380, state around $450, plus our city tax. I have to get her some data on our house, because she said I absolutely have to deduct part of the house and utilities since I work at home. She thinks that'll have a fairly positive impact.

The bottom line is that it's not as horrible as I expected. If the little marketing effort with PointBuzz doesn't work out, I might have to sell a little more of my FUN to pay for it, but I'm not going to get kicked in the nuts.

Believe it or not, I'm kind of relieved!


Comments

gregleg, February 16, 2005, 3:31 PM #

That's great news. I did a first pass at them this weekend, and based on that I owe the feds about $600, and the state of PA $80. (In both cases, due to the MSFT dividend payment)

I know some people look forward to their refunds every year, but I generally prefer to owe a manageable amount than get a refund (why give the government an interest-free loan?)

Also sent in my 2004 Roth IRA contribution yesterday. I really need to get in the habit of spreading that out over the year so that I don't choke on a $3000 ($4000 next year) check...

Jeff, February 16, 2005, 4:12 PM #

That's where I tend to be more alarmed in terms of money issues... that I'm not putting much of anything away. That bothers me more than debt.


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