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when you think of stimulus, think of me

March 3rd, 2009 at 08:37 pm

So today I took off from work to catch up on a couple of things that I needed to do during business hours. Namely, taxes.

Again, I got the schedule K-1, this time from my grandma's trust. I also converted my IRA to a Roth, so I wanted professional help. (And you never know, if something happens to Turbo Tax Tim, maybe I get the nod. NOT.)

I made the appointment and talked with one of the co-owners (family business, now owned by a brother/sister). Nice guy, does mostly business taxes throughout the year, but also does hundreds of individual returns during tax season. He is also an enrolled agent, which means that he can come with me should the IRS come a knockin'.

After about 10 minutes of interview, and 20 minutes of doing a quick calculations based on what I brought, we came up with the fact that even with moving the maximum into the 403B I still owe some serious coin, even more serious than last year. Sigh. Its the downside of not spending much of either inheritance, and putting it in cash instead.

We talked a bit about the possibility of this year estimating the tax and paying quarterly, rather than the all at once biggie. And for a little strategic meeting in October to sell something for a capital loss, if necessary.

And he did complement me - he told me that I 'won' the award for making the most interest, capital gains, and dividends of anyone he'd done taxes for this year. "Amazing," he said, "every piece of paper you gave me made money."

So when y'all get your refunds and your stimulus ... think of me.

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