Tuesday, January 29, 2013

Oh Taxes...

I was sort of really looking forward to a big hefty tax refund.  Okay, I lie.. I was completely and insanely stoked for it!

Unfortunately, we did a crappy job this year.  Not only do we owe a tax payment but the saddest reality is that our actual taxes due were lower than prior year, but our credits were also lower (applied towards the tax owed) resulting in a tax payment we will be writing a check for instead of a receiving a fat refund.  Now normally, this should be a good thing because the goal is to have zero owed or returned - meaning you used your money wisely and did not loan the government any of it.  And I'd say we are lot closer to that zero place than we were last year.  In the end, we loaned them less... but we also didn't invest what we had because I noticed our interest earnings were 100% less than prior year.

I have failed as an accountant.  Don't even mention that I'm a certified public accountant.  Oh well, I'm out of practice and I never did taxes anyway.

Still a sad night.  Oh taxes....

Good night now.

2 comments:

Deidra Smith said...

I feel your pain. We went from getting a great one two years ago to oweing last year. It made tax time a lot less fun:(

Chris and Paige Evans said...

We always owe thousands so I feel your pain. Laaaaaaame sauce.