Jason Truesdell : Pursuing My Passions

A life in flux. Soon to be immigrant to Japan. Recently migrated this blog from another platform after many years of neglect (about March 6, 2017). Sorry for the styling and functionality potholes; I am working on cleaning things up and making it usable again.

A rare case of tax procrastination

jason

When I worked at Microsoft I had a habit of figuring out my taxes just after all the forms came in… I would file my return right away if I was due a refund, or wait until the last moment if I owed money.

This year my taxes were more complicated than ever before… complex capital gains, carryover of prior year capitol loss, business loss, vehicle expenses for business, travel expenses, business use of home… I had a fat stack of papers to fill out, an insane number of receipts, and I was too cheap to spring for accounting software last year to make my life easier. I also had a pretty busy February and March.

So, in spite of the fact that I anticipated a huge refund this year, I put most of the work off until last Sunday night or so. Accordingly, I was working down to the wire. I probably have to file an amended return because I didn’t include every one of my little expenses. Not to mention my return probably looks suspicious because I have such a dramatic disparity between revenue and business expenses… some of that due to unfortunate inventory management mistakes last summer, and some due to the fact that some of last year’s sales aren’t reflected until they get paid this year.

I was one of the slackers at midnight tonight. I was suitably frazzled, and I am sure I made a few mistakes. I’ll try to figure it out again after making a dent in the litany of other tasks I am trying to catch up on…