Well, our accountant contacted us today and she is done with the corporate portion of our taxes. So, we now need to finish up the personal half and away we go.
I have not owed any money for taxes in about ten years, when I made the stupid mistake of taking a 401K withdrawal. I ended up with a $7,500 tax bill plus late penalties. I paid the taxes owed by April 15th, but the IRS had decided that that money should have been paid throughout the previous year and charged me interest and late fees. How fair is that? They hold our money for a year and we don't get paid interest and penalties.
Anyway, there have been a couple of years since then that I thought we would owe, but it hasn't happened. This year though I am really concerned since we really didn't pay any interest on our mortgages because of our attempts to get loan modifications. We'll know in a couple of days. I'll keep you posted.
Here are some of the articles I found interesting this week. TGIF!
- I don't owe $20,000 in taxes!!! @ Budgets Are Sexy (And I am worried about our taxes)
- Downgrading Your Job Without Downgrading Your Life @ The Simple Dollar (This is my dream)
- How To Start Your Budget From Scratch @ Bible Money Matters (We go through this every month)
- Debt Update $83,177.00 Wohoooo! @ Debt Kid (If we stay on our financial path, we will owe around this amount by next year at this time)
- How to Work Giving Into Your Budget @ Frugal Dad (This piece of our financial puzzle is sorely missing from our budget)
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