Wednesday, January 30, 2008

The Tax Man Cometh

It's tax season. As Benjamin Franklin once said, the only two certain things in life were death and taxes. I'm hoping to avoid the former for a very long time, but the latter is coming up soon.

Part of Bankrupt Betty's discharge involves the Court Trustee getting most of my return. I called my attorney's office the other day to let them know I was still waiting on some tax forms and probably would do my taxes in Mid February. The paralegal told me that when they amended my BK petition, I get to keep part of my tax return. $400-not much, but better than nothing. That is already earmarked for my Emergency Fund

My previous couple returns netted me a decent return, mainly because I had a lot of non reimbursed employee expenses and costs that I got to write off. Not the case with my new job. A lot of my expenses are employer paid and therefore I can't write them off. Ah well.

MSN Money has a 15 Point Tax Return Check List that is worth looking at, written by MSN Contributor, Jeff Schnepper . Even if you are organized about your taxes, it can't hurt to read the article just to make sure no stone is left unturned!


SavingDiva said...

I'm still waiting for one 1099 and my W-2 from my second job...

Ms. M&P said...

Like SD, I'm waiting for forms. Blech. But thanks for the tips! I'll check out those articles.