Can I just say now I hate income taxes. I've just finished working on our 2008 income taxes. I can't believe all the numbers.
We are simple salaried people so our taxes are pretty straight forward. We don't have anything complicated about our lives. No wind fall income from royalties or foreign investments. So Turbo Tax and I do the paperwork. I have on occasion called an accountant friend to make sure I've entered a thing or two correctly (which I always had when I asked) so for the most part I don't find this hard to do.
I have all the W-2s, the 1099-R, the 1099-Misc., and several other numbered forms sent to me by various persons with whom I receive money from or give money to. There is one form missing though that I have to find out about. A matter of winning a raffle and getting a nice little sum. The winning was at the beginning of the 2008 and the paper I think I got is no where to be found. I'll continue to search, but I have a feeling it isn't going to show up. Some one will be getting a phone call to find out what I should do.
We are healthy people so we don't have huge medical deductions, we got a good interest rate on a small home loan, and our property taxes aren't all that much. Our biggest deduction will be charitable contributions, and although it looks good on paper, it isn't even over the limit so that we have to kick part of it forward to next year.
For the past several years we have had to pay Uncle Sam a little more when all this paper work is done. This year isn't any different except the amount we underpaid through the year is considerably higher --- I'll figure on this a bit longer just to make sure I haven't overlooked something, but I have a feeling what I have in the computer is correct.
That said, Uncle Sam won't be hearing from me very soon. It will probably be more like April 14 before the *check* is in the mail.
1 day ago