It is February 12th and I have just begun to assemble the documents and comb through my records looking for stray items that could be deducted. The same records which I make a vow to do better at keeping the next year so I don't have to spend days looking. Usually a promise I make as soon as the previous years taxes are filed and forgotten about just as quickly.
I am genuinely scared of my taxes this year. I knew the task would be daunting, I just didn't expect it to be so overwhelming. This is what I am facing:
- state filings in two states
- sale of a home
- moving/relocation expenses
- job finding expenses
- work related expenses that we've never had before
- 3 W2's
- 4 1099's
- 3 1098's
- cash charitable donations
- non-cash charitable donations
- and something I probably haven't even thought of, or found, yet.
This year I am going to have to call in the big guns and hire a professional. I don't think me and my computer are up to the task. There are too many things that can go wrong and I am terrified. Almost to the point where I am paralyzed!
Yesterday I spent most of the day with a highlighter in hand combing bank statements and asking questions like "what did you go to Atlanta for again?" And on the phone with our mortgage company tracking down tax forms that were mailed to our old address even though I know we gave them a forwarding address.
I think we have come to the end of an era: when our taxes were easy to prepare and refunds certain. This year I have no idea how the numbers are going to shake out. I am praying for a break-even scenario, but bracing myself for the worst. I hope I am wrong.
How are your tax preparations going for the year? Still have about 62 days left to figure it all out. In the meantime I had better find someone fast! If for no other reason so I can be put out of my misery and know already.