Tax Day Hangover?

by James on April 16, 2013 · 3 comments

So tax day has come and gone, and you are likely in a couple of different boats.

taxes

  1. You may be getting a refund and already thinking of how to spend it.
  2. You could be writing a check to the feds and state.
  3. You could have postponed the inevitable.

They say that taxes are one of those certainties in life.  One way to delay the often painful process is by submitting for an extension.  We happen to fall into that category once again.  In the early years of our marriage we would diligently go through the tax prep process, submitting to our accountant at least a month before taxes were due.  It seemed that every year our taxes would end up getting delayed and our accountant would put in an extension, though at least the work was done on our part.

For several years we’ve had to submit late due to having to wait for the time period to pass to show that one or the other of us had been overseas for year.  For this reason we didn’t submit last year until mid-September, so for us it feels like we just did our taxes.  In fact, it feels a bit like a perpetual tax process in our household, since an extension just means that it remains on the to-do list.

I was going over various drafts of to-do lists that were in my notes on my iPad, and I laughed when it seemed as if doing my taxes was on every list, the perpetual tax.  Thus, the only reason that I look forward to getting our taxes done is to tick it off my to-do list.

What about you?  What category do you fall into?

Cheers,

Miel



{ 3 comments… read them below or add one }

1 Jake Erickson April 16, 2013 at 4:46 pm

Luckily my wife and I received a slight refund this year. We always try to get it done as soon as we can which was early March this year. Being that we submitted 1.5 months ago we’ve already received the refund and put it towards the last little bit of debt we have. Hopefully next year it’ll be able to go towards something more fun!

2 Crystal @ Prairie Ecothrifter April 16, 2013 at 5:17 pm

We are still waiting for our refund. Since we’re self-employed, we paid estimated quarterly taxes based on last year and we just didn’t bring as much in, so we are waiting around for $2800…

3 Jane Savers @ The Money Puzzle April 16, 2013 at 9:24 pm

I have already spent my refund. I needed a new kitchen window and I ordered it before the check even came in the mail.

Those of us expecting refunds are the first ones to get our returns in.

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