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.
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.
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.
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.
Not endorsed in the slightest: Slate columnist Reihan Salam argues that childless people should pay higher taxes than those with children.
Logan: *links to Reddit post about tax law error in final episode of “True Detective”*
Vanessa hates taxes.
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.
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.