1312 Ack! Taxes!

Wednesday, June 20, 2007

Lunch today with Piper. Before lunch we went over my accounts. He's getting annoyed at my procrastination in selling my odd lots. He advises me not only on my investments, but on the tax ramifications. 60% of what he's controlling for me is in tax-free bonds. 100% of what I'm still holding is taxed. The longer I hold onto this stuff, the more it throws off his tax planning.

Recognizing "annoyed" in Piper requires some familiarity with him. The man's always cheerful and amusing. The only clues to annoyance is that he gets momentarily serious, or explains something more than once.

So I came home from lunch thinking about taxes, and how I may have thrown off the 2007 estimated tax calculations, and possibly 2008 as well, and then I realized with horror that it's now the 20th, and June's estimated tax payment was due LAST FRIDAY! ACK!

I've never been late before, so I don't know what the federal penalty is, but New York State misplaced a payment a few years ago (the idiots applied it to Jay's ss#, even though he'd been dead three years by then, and it was MY ss# on the form and on the check), and the penalty was pretty big. And before we'd got it straightened out, they were assessing penalties on the penalty. Ack ack!

So, another thing on the to-do-immediately list.

In the meantime, the Aerio's tire has gone flat again.
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