Oh well

Sep 28, 2007 12:30

Thinking about tax doom again, and how unperturbed I am by it, especially compared to the last time I screwed up tax stuff - only half a year ago, really.

Generally speaking, it's easy to say "It's only money" if all the following conditions are true.
  • It's your money, alone.
  • The time between your realizing your mistake and your having to pay for it ( Read more... )

taxes, money

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elphie September 28 2007, 18:19:14 UTC
And paying your taxes late if necessary is not the end of the world, it just results in getting a crappy high-interest loan (around 14%) from the IRS in the form of penalties and interest. I've used this to advantage in managing the highly-variable cash flow of my poker playing business. As long as you communicate with them, the IRS is willing to give you all the time you need usually.

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