Oh SA friends...when I tell you I am shaking in my boots....I can hardly stand it. We are going to owe taxes. I have found as many expenses for deductions as I think I can. And I think I have a big $4000 staring me in the face. I feel sick. Luckily I paid too much on our Unemployment Taxes for the business, so we will get $1000 back. But that still leaves $3000. I have learned a lot from this. Including how important it is to make sure we put our self employment taxes back. But I really thought we would get money back. I assume the IRS will let us do payments??? But how long will that take???
TAX FEAR
February 27th, 2013 at 07:09 pm
February 27th, 2013 at 07:29 pm 1361993394
1. Do you know for sure that you will owe this amount
2. When will you get final assessment back
3.AND then only after those 2 are done, can you make the call to find out about the arrangements.
4. In the meantime, push the EMF to the max and stop snowballing till this is sorted out. Pay minimums on everything else and get back to meal planning, buy what you need for each weekly menu plan, substitute meat with less expensive forms of protein.
5 Have a yard sale and get rid of the all the stuff you don't really need and stash the cash
6 Raid the entertainment budget and put it into the EMF and just cut cut cut the spending
7. Now make the call
Get the answer and go from there
February 27th, 2013 at 07:46 pm 1361994369
February 27th, 2013 at 07:58 pm 1361995094
February 27th, 2013 at 08:04 pm 1361995499
March 18th, 2013 at 11:33 am 1363606401
Jerry