Oh well

Sep. 28th, 2007 12:30 pm
prog: (Default)
[personal profile] prog
Thinking about tax doom again, and how unperturbed I am by it, especially compared to the last time I screwed up tax stuff - only half a year ago, really.

Generally speaking, it's easy to say "It's only money" if all the following conditions are true.
  • It's your money, alone.

  • The time between your realizing your mistake and your having to pay for it is sufficiently long to avoid surprise and panic.

  • The mistake is one that you need never make again, by way of a minor lifestyle change.
The change I must make involves creating a new bank account, and henceforth methodically shifting a third of each fresh deposit into it. It is not hard. It's even a little fun, if you're me.

Date: 2007-09-28 06:19 pm (UTC)
From: [identity profile] elphie.livejournal.com
And paying your taxes late if necessary is not the end of the world, it just results in getting a crappy high-interest loan (around 14%) from the IRS in the form of penalties and interest. I've used this to advantage in managing the highly-variable cash flow of my poker playing business. As long as you communicate with them, the IRS is willing to give you all the time you need usually.

August 2022

S M T W T F S
 123456
78910111213
14151617181920
21222324252627
28 293031   

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Aug. 18th, 2025 06:15 am
Powered by Dreamwidth Studios