Search This Blog

Monday, 17 February 2025

BLECH Taxes

When I took in a folder of 1099s and other documents to my accountant today, I joshed with Dan, the administrative assistant.  He said the banks were slow getting the 1099s out and I said "Who knows if there's going to be a government in April or even if we'll have to pay taxes ever again."  Jk.

The Tribute Money by Peter Paul Rubens

 Back in the day, pre-2012, when Will did our taxes, every year was a struggle because until I actually did the taxes myself, I didn't really understand the process.  In the two years I was actually in charge of personally doing the taxes, I made mistakes each year, once in the government's favor, once in ours.  Now, because of the complexity of my finances (those two trusts), I have an accounting firm.

Nevertheless, I still need to collect the data of all my donations (sometimes given when I'm high) so I actually need to roll through my four main email accounts and my Paypal. (Used to be going through my checkbooks.) I no longer keep track of mileage to the doctor and Costco, however.  That's just a bit too much detail.

Looks like I've got good medical deductions this year since I no longer have dental insurance and had three major dental events. My donations were under 17 grand I think, though I'm not completely finished figuring them out.

This year my accountant's business has a new online program to help folks work through what they need to think about.  There are a lot of questions, some of which I have to leave up to the Ed Jones folks to answer as most of what goes on in my investments happens while I'm not watching.  For example, I know I have foreign investments but I don't know what they are or what they're doing (unless I actually read my portfolio). I trust the people who watch out for me.

Other questions focused on all the various things that might count as deductions. I found out that I hadn't paid two of my estimated taxes (I thought I had but the online machinery I used didn't work).  So paid those late. There was also a question about "gifts" and I found out that while no gifts under eighteen grand are counted, the IRS was interested in any amount of forgiven debt. I forgave an eight thousand dollar debt this year so I reported that but I'm not sure, from reading the rules, whether or not the forgivee will have to pay taxes on it. I don't think there are any tax associated implications for me.

I still have a few more documents to get in before Thursday, my deadline.  And then, if I've behaved as I have in the past, there will still be a few things missing and Chelsea will have to email me a list. 

I wouldn't be quite so annoyed by the whole business IF MY STREET WERE SNOWPLOWED. I know -- has nothing to do with the feds or the state but still, it's my most annoying relationship with any government agency.

Oh well. "Whose picture is on the coin?" Caesar's. So send all your fucking coins back to the dude.

I used to have a friend who protested government actions by not paying his taxes. I'd like to think I'd never do that but who knows what the future holds as our empire crumbles. Sometimes I think the Grifter in Chief is just chickens coming home to roost for a country that spent a century destabilizing other countries. I'm happy well Will isn't here to see what's happening but he'd be proud of me for continuing to take care of my few responsibilities.

 

No comments:

Post a Comment