Monday, March 09, 2009

Distractions

SEARCH BLOG: TAXES

I was a bit distracted from blogging earlier... thinking about taxes. This year is a little unusual in that I last year I sold our small business and some stock with automatic dividend reinvestment that had a partial spinoff and a long term loss [fun to figure all of that out]. On top of that, I spent about ten months going back and forth with the IRS on 2007 taxes until they agreed with my original return... after I had sent about $1,000 extra to be sure I wouldn't incur some penalties.

At least I have the IRS' agent's name and employee number who verified the final understanding because I have this feeling I'll be reliving the whole mess this year. Actually, all of the IRS people I dealt with were helpful and pleasant, but the process just wears on one.

I'm all for a flat tax of x% of gross and forget it.

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