Thursday, April 11, 2024

 I have no idea how that happened, but all of a sudden, I am at the end of this trail of tears, trying to get through all of this stuff and it's asking for payment.  I'm not ready to do that yet.  I want to go over all of it again and I do mean ALL of it even if it is a PITA and at least try to make sure I haven't done anything wrong.  Especially the payments I made to myself, I will be triple checking that.  It's pretty easy, I wrote checks to myself and I got cashapp payments that went to the personal account, but all of those transactions are viewable in cashapp.  

Which is nice, just add them up and there it is.  There's also a few mortgage payments that I loaned to myself that I just now remembered I never paid back to the business account, so I need to add that to income.  It isn't going to affect anything, my expenses were far too large for the small amount of money I took out of there, with the mortgage payments will come to around 20k.  It's actually more than I expected.  I made less than 10k with the trucking company.  Last year was a bust in annual revenue.  

Yup, I'll be taking a fresh look at it tomorrow and attempting to decide if my nerves can handle clicking on the send button to send it over to the IRS and hope to high heaven I got it right.  Because I have no doubt they will be contacting me if they don't think it is.  They are good at that. The whole point here is not intentionally doing something to evade taxes.  I only need adjust the mortgage income and after that, I  will have reported all of it. I was really good about cash too, taking it to the bank and dumping it into the business account.  

But, this is a small business and there just isn't that much income coming in from it, it shouldn't be expected that I made that much from it and especially with all the start up costs.  I am feeling a little more confident right now, but just a little.  It's really nerve wracking. I have never been audited and I don't want to start now.  If they want to, fine, I'll bring hundreds of receipts, access to quickbooks and the bank account and they can do whatever they want to do.  

And when I do hit the send button, that's it, I'm not going to lose sleep over it, it will be what it will be.  I am definitely doing things differently this year, receipts are all being input as I go along now.  I won't have this mountain of stuff to do at the end of the year, it will all be input into quickbooks and it will just be a lot easier.  

I may actually be ok to go to work this weekend.  I'm afraid tho that what they'll want me to do is the late run, that just sucks on weekends.  Leave late, get home late, miss the weekend basically. At least on the early run I get home early afternoon and still time left to enjoy the day.  

The aftermath of the 3 day rain event was extensive on the driveway. There is still water running down the driveway.  Not that much, but it's just trashed again.  The man that wanted to sell me the tractor isn't really interested in down payments and financing it.  He said he was, but he changed his mind today. He just wants full payment or he wants to trade for "something". I don't have anything to trade that is worth that much money.  So that's off the table, unfortunately.  The Kubota dealer said they could get me down around $300, but with caveats.  

Still considering that one.  I think I'll wait to see several paychecks before opting to get into a 7 year loan.  Do those things even last that long? I  would like to hope so.  

Well whatever, I need to go vegetate in front of the tv or something and get my mind off of taxes.

 Thursday mid-morning

I went to bed at 8:40 last night and just now got up - 12 hours later.

I was very tired, I think this tax stuff is getting to me.

I also think I have met my match on this nonsense.  I usually can figure things out and was hoping with the help of Turbotax I could sort of feel my way through this. I'm going to try again today, I haven't given up just yet, but I think it may be that I will have to pay someone to do this stuff for me.  

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After an hour spent with a live chat agent, I think I have finally figured this out and it is going to take agonizing hours to go through all of these receipts and reclassify them.  It is a slow process and I am not exactly jumping up and down for joy with it.  54k worth to go through, that's just those types of receipts.  I think I have everything else categorized correctly, it was just this stuff I figured were expenses and in reality, some of it is expenses and some of it should be classified under assets.

What that does to my tax return and whether I owe money or not? I will find out in the end.  Right now, I am taking a break from this nonsense and also wishing, of course, that I had started this sooner.  Now I am under pressure even tho I still have what, today through Monday.  The only other recourse is to file for an extension, something I'd rather not do.  I just want this stuff finished and over with.  

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I am entangled in the woes of this tax nonsense and not getting a lot of help from "pros".  I suspect I will end up doing the best I can, call it good and if they audit me, they audit me.  I have receipts for everything.  It's all input into the system, I don't have to produce them, there are pictures of them.  They can access my bank account and my quickbooks account and come up with whatever conclusion they want to.  I'm going to continue on with editing what is an expense that isn't an assett, get it over with and be done with it.  Today? No.  

Hopefully by tomorrow I will just say screw it, here it is, hope it goes through, whatever.  

Well that isn't shocking now.  Electricity is under expenses, that's what it is categorized under.  I spent around 15k just on that last year.  Then you have credit card payments under the business, a shed payment, the washer and dryer payment, these are all under expenses.  I don't actually think I mislabeled most of this, some of it should have gone under assetts but not that much.  

 Monday semi-early I do, indeed, have a run today. Well, at least until they tell me something different.   Pro Hamas protesters around the ...