Taxes, Bloody Taxes

Yesterday, we learned how much we’re going to have to cough up for taxes this year.

We knew it was going to be bad.

We were hoping it wouldn’t be as bad as we thought it might be.

Unfortunately, we were wrong. It was even worse.

Fortunately, though, being retired now and normally on a relatively fixed income, the taxes for 2007, our transition year to retirement, should be the worst and future years should be relatively painless.

We had an certified public accountant do the taxes for us this year. It was expensive, but worth not having to deal with the tax return anxiety.

This was the first year I haven’t done my taxes myself. There were just too many variables and potential expensive pitfalls.

I’ll probably be back to doing my own taxes next year.

give me a break!, retirement

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  • teeni Apr 10, 2008

    I had our taxes done the last couple of years because there were extra variables in there that I didn’t know how to handle. I had always done them myself previously. After reviewing everything and finding discrepancies in the last couple of years’ worth of taxes, I figure I will go back to doing them myself again too. It looks like even the pros weren’t sure how to do it since each year it was handled differently. Sheesh.

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