Saving log - $2 tip box
Spending log - $2 coffee
Saving log - $40 DRP1 + $100 DRP2
Spending log - $12 brunch + $60 clothes from Ross + $11 ground coffee for work
Got a call from the enrolled agent (2008 tax guy) this afternoon. He asked, and I provided him with my 2007 tax return and paperwork, which also had a different Schedule K-1 on it. He is pretty certain that the 2007 tax guy didn't do it right, that I unfortunately underpaid, and that I should amend the 2007 return, and pay the penalties wherein. 2008 tax guy also suspects that since the 2007 Schedule K-1 came from the sales of real estate, I should have filed non-resident Wisconsin state taxes also.
I told him that to me its all about being able to sleep at night, and that I wasn't willing to wait to get caught (or not get caught). So its even more stimulus. I'm blue, of course, but at least I have the money to pay it.
My concern is for sister, who I am very certain blew off her own Schedule K-1, and no doubt faces a similar issue, perhaps even a worse one, because I at least gave 2007 tax guy the 2007 Schedule K-1. Although I am responsible that the filing is correct, it is a slightly different problem - I didn't blow it off.
When 2008 tax guy gets done calculating, I'll have to ask him to give me some simple explanations of what the Schedule K-1 is, and what happened, and advice on how sister should proceed.
even more stimulus