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The Taxman Takes

(Crossposted from Jennifer Brozek)

I adore my tax accountant but, crap, I feel like I’ve been beaten with sticks today. The worst part of being a 1099 (tax form) freelancer is the taxes. You get dinged twice on some taxes and, in general, it is hard on small business owners. We’re paying in the neighborhood of upper four digits this year and I’m a little freaked out. We can cover it but, when I saw the number, my first thought was, “Holy shit! We could buy a car for that.”

I grew up poor. I got in debt out of school. I fought my way out of debt to become debt free. I talked about all of this, and how I got out of debt, in my book, The Little Finance Book That Could. Getting out of debt is emotional as much as financial. So, while I’m freaked out right now, I know it’s a normal emotional. I also know we can handle this. We’ve planned and saved. Not easy but we’ll be fine.

But still. Beaten with sticks.

Comments

( 4 comments — Leave a comment )
cheryl_f
Mar. 11th, 2014 08:57 pm (UTC)
The Tax Man Cometh
We met with our tax accountant yesterday. Discovered that we were missing some of our deductions. Frantic pawing thru papers that discovered yet another Island County tax misstep. I can only hope we are not in the upper 4 figures of tax payment.

This is all about showing support - we feel your pain.
jennifer_brozek
Mar. 11th, 2014 09:26 pm (UTC)
Re: The Tax Man Cometh
Good luck on your end, too. I hope it works out in your favor. Though, we all know the odds are never in our favor. :)
talvinm
Mar. 11th, 2014 09:41 pm (UTC)
"Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes."
—Benjamin Franklin, in a letter to Jean-Baptiste Leroy, 1789

Death & Taxes: Ben Franklin wrote about both of them. And so have you.
jennifer_brozek
Mar. 11th, 2014 10:19 pm (UTC)
Very true.
( 4 comments — Leave a comment )