(no subject)

[which_chick]

Today I did my taxes. I owe, but that's par for the course and I'm not overly upset or surprised about it. My withholding is correct, but as I have other, non-wage sources of income, I owe. I report my non-wage sources of income because that's the law. D'oh. I don't file quarterly estimated taxes because that pisses me off more than paying it all at once and eating the minimal penalty as a convenience fee for not having to file asinine quarterly estimateds. About a quarter of my income (26.25%) comes from non-wage sources. Neat. (Where did this number come from? I took [Total Income minus wages, tips, salaries, etc.] divided by Total Income, numbers from the first page of my 1040.) Ideally, I would like to have all of my income coming from non-wage sources. Ideally. I'm working on it. Give me time.

I also mulched the peonies and roses, a project that involved wading through about as much shit as doing my taxes.

Comments

[ornery-chick.livejournal.com]

I had to fart around with figuring out how to report my business stuff properly this year, since I've been doing it wrong the past three years, apparently. And you know what? It turns out not to have made a darn bit of difference. Only because I didn't make diddly squat from my sewing.

I could probably have claimed a gigantic loss, actually, but I am too lazy to figure out home-office crap and I didn't keep receipts for any of my supplies and crap. I actually officially went out of business because I am so small-time and so lazy, that it's easier to just report it as non-wage income next year.

[which-chick.livejournal.com]

The self-employment stuff is absolutely byzantine... I've done that (contract position while I was in college) and it sucked. It would have sucked worse if I'd had the sort of job where I could itemize or whatever.

I need to find a basic spreadsheet program to track, er, interest. Most of my personal non-wage inocme is interest from loans I've made to people. My debtors, who are normal people, do not send me 1099 forms like banks do, and while I keep track of these loans on paper, probably using a computer would help. If nothing else, it'd look more official in case I'm ever audited.

[ornery-chick.livejournal.com]

That is very true. The main reason I tried to get my business crap all official-like was the thought that someday I might get audited, but after suffering the slings and arrows of outrageous paperwork, I'm just to the point where I said "to hell with it," and if they ever want to see how broke I am, they're welcome to prod my bank account as much as they like.

feh

[ardvaark99999.livejournal.com]

I swear I thought you posted that you "mulched your ponies." I was worried for a minute.