Tax Day

Due to a somewhat complex situation with company K1s, I had to file an extension with the IRS this year. Of course, I still had to do all the tax prep work because even if you delay your filing, the government still wants its money. And since my goal is always to delay giving my money until I have to, I do not come close to getting a refund. So, I wrote a large check to the IRS to send in with the extension.

Of course, the reason I had to extend is because I do not have final numbers on one of my companies, so I have to make a guess. If I do not pay the government enough, I have to pay a fee and interest. But, if I overpay, is the IRS going to give me interest on my overpayment? No. Does not seem fair, does it?

Then, of course, being the small-business owner that I am, I need to pay estimated taxes for the first quarter of 2009 on top of my "final" payment of 2008.

And now, I am not even done. I still need to finish up the last of the return once I get my last K1.

I hate tax day.

At least I am not one of those suckers who lent the government significant interest free money to the IRS this year. (anyone who gets a refund)