Taxes

Doing Your Taxes The Night Before

I have been gathering paperwork and sending things to my account for my 2013 taxes since early February, but a week or so ago I was chatting with Mike and declared I would do it myself this year. I won’t be making much money — how hard could it be? Then he reminded me that the first quarterly payment for freelancers is due at the same time as my 2013 taxes. Oh, great, okay. I opened this puppy up in a tab, left it open for a week, and then last night — April 13th — I decided now was the time. I got out a notebook and inhaled deeply. For the next four hours. Rather than write 3000 words about this experience I will fast forward to deciding at midnight last night I would do the ‘make an educated guess and throw some money at the government to cover my ass, rounded up to the nearest hundred’ method.

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Cheating on Taxes, and Getting Away With It

This piece by David Cay Johnson in Newsweek called “How to Cheat on Your Taxes” is less about cheating on your taxes, and more about why so many people get away with it.

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The Tax Preparation Industry Is Like the Wild West

NYU law student Alex Levy writes about shady, unregulated tax preparers in an editorial today explaining that in most states, anyone can set up a business to prepare your taxes if they wanted to.

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Taxes Are Due in Two Weeks. Remain Calm

till haven’t done your taxes? The April 15th deadline is approaching soon, and The Wall Street Journal has some last-minute tax tips for us.

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Taxing the Childless

Not endorsed in the slightest: Slate columnist Reihan Salam argues that childless people should pay higher taxes than those with children.

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Two Millennials Discuss Doing Their Taxes

John: I spent, like, four hours one night last week entering tiny numbers into TurboTax, then was crestfallen at the result, and did the same with H&R Block online. Now both of them are emailing me like, HELLO? DO YOUR TAXES AND PAY US… so I’m putting it off. For now. I did actually go to see a human person at an H&R Block office, and she told me it would be $300 just to process my 1099-MISC, nevermind the taxes I will inevitably owe, so I scuttled back to my desk.

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Here’s A Surefire Tax Estimating Process for Freelancers (Rebooted and Updated)

A year and a half ago, I wrote about my surefire tax estimation system for freelancers for the Billfold, in the hopes that a system that has worked for me would help the many Billfold readers who live partly or entirely on freelance income avoid quarterly or annual financial panic when it came to dealing with their taxes. “This system is incredibly useful!” some said. “This system is insanely complex, how can you expect anyone to actually do this,” said many others. “Please help me,” said an unsettling number of emails I’ve received.

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Tax Records and “True Detective”

Logan: *links to Reddit post about tax law error in final episode of “True Detective”*

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A Brief Chat with a Person With Tax Season Affective Disorder

Vanessa hates taxes.

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Employee Stock Options As Explained by An English Major, Pt. 3

Part Three of a three-part series wherein I, an English Major, explain incentive stock options and how they work for employees at startups. Here is Part One and Two!

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Abba Dressed Like That For a Tax Deduction

To celebrate the fact that I am editing my to-do list from “finish taxes by Tuesday morning” to “finish taxes by end of week,” here is a fun tax season story, courtesy of the Guardian.

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Stock Options As Explained by An English Major, Pt. 2

Last week we talked about what it means to be offered stock options in your company, and the difference between what you’ll pay for them and what they might be “worth” (in both the market sense and the tax implication sense). But the thing is, you don’t get all of the stock at once. That’s another reason why they’re called incentive stock options.

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