Thursday, March 13, 2008

TAXES!!!!! AAAAAAAAAAAARRRRRRRRGGGGH!!!

Without a question in my mind.... this is the worst season of the year. TAX SEASON!!!! The income tax return's must be filled no later than April 15th here at the Land of Uncle SAM and many many people, including myself are having nightmares regarding it.

On my personal case... it all started with the decline of the mortgage business and of course, the decline of my personal sales in the housing market. I saw myself with no other option other than filling taxes as "exempt" last year for a good 9 months of the year.

In simple terms, that basically means that for 9 months out of last year, I have NOT paid any taxes from my earnings and of course.... now it is the time to pay for it... and that is where the stress kicks in!!!!

I am a little nervous this year, mostly because I took the decison to go exempt planning on putting some $$$ away around here, since sales were down. I was unable to save a lot of money last year due to all the uncertainty in the industry I was in and now I see myself unprepared to pay UNCLE SAM back.

I am waiting to see, my tax appointement is this coming MONDAY @ 14:00. I have been using the same tax guy for over 2 years now and he has helped me before. On my own calculations I am about 2k in the hole but last year I tought I was 4k in the same situation and after he took a look on my numbers I had to pay only about 1k. So...Who knows??? Maybe better news will arise by next week.

For the moment... I am just crossing fingers and waiting.... For sure, I just hate TAX SEASON!!!

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