cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Honored Advisor

Winding down tax season, looking ahead?

The returns and vouchers all went in on time, a few ahead of time. All of the annual reports to our Secretary of State have been filed and paid online. Listed equipment in NC, and had no real physical improvements to report, for the first time in twenty years, on the real estate taxes.

About all that's left is funding the IRAs and HSA. I plan to do that work this week or the next. Hate writing those checks, even though it is just moving money around into different accounts, really. It just makes the money seem hidden from ourselves. Maybe that's the point.

Another year in the record books. It was a very good one for us financially. Still holding onto the new estate plan, just not satisfied with it. I know we need to tweak a couple of things. Wondering what the rest of this year will bring...just hoping it is somewhere near as good as the last one. You never know.

Everyone else wrapping up 2013 by now? What big goals and dreams are you hatching in 2014? Or, like us, are you just hoping to hold it steady this year?

0 Kudos
3 Replies
Highlighted
Senior Advisor

Re: Winding down tax season, looking ahead?

Kay, good question and also one that will probably get an array of return comments. My goals are pretty simple, have a year where Mother Nature works with us and I don't need to collect a crop insurance payment at the end of the season. The last 3 years have been tough. Don't like relying on the insurance checks, but I guess that is why they are there and why we pay our premiums.
0 Kudos
Highlighted
Senior Advisor

Re: Winding down tax season, looking ahead?

For several years, it has been obvious that IRAs are only tax games.  Pushing the money into the next year.  There is no likelihood that my retirment income will be enough less than present to drop me into a lower tax bracket.  I think this may be the last year I use an IRA.  One doesn't even get a decent rate of return on tax deferred money.

0 Kudos
Highlighted
Contributor

Re: Winding down tax season, looking ahead?

Taxes done return is sitting in the bank waiting for planting season. Just trying to hold on this year no major purchases. Glad im not one of the local farmers that went out and bought lots of shinny paint over the last few years. All my equipment was bought for cash and now im calling about more land that people had that are selling there equipment to get out. Just want to do the best job raising a crop i can, no stupid mistakes this year.

0 Kudos