The Motley Fool Discussion Boards
Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: It does hurt sometimes||Date: 8/30/2003 8:42 PM|
|Author: blackmare||Number: 168845 of 307100|
Yes, I could have avoided the penalties & interest if I'd been able to file, and pay, my taxes on time. But I wasn't. Part of what happened was my Dad passed away in the middle of December and by April I was still a wreck, not to mention that I hadn't had any mural work since the first couple weeks of January, so my income was half what it had been; plus, I'd been forced to use most of the money I'd saved for my taxes, to pay the deductible & other costs of an auto accident I was in last year.
If I'd had an adequate e-fund this would not have been a problem, but I built only the tax fund and no e-fund while I had real money coming in. I went out to dinner a lot instead, and frittered away I know not how much. Duh.
So it is that I have penalties and interest to pay, which actually amounted to about $130, but a slight overpayment of my taxes took care of the first $60.
This won't happen again if I can help it. Also, I'm going to find a different accountant. I love my old one, but he's in Tampa (2 hours away), and I just have a gut feeling that somehow he's...slipping a little. I already wondered about that, and the fact that I overpaid according to the IRS makes me think it's time to start looking for someone else.
Now...I have got to return a phone call from ANOTHER person looking for a mural! :-) Sweet.
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|