I confess I have never done my taxes…not as in didn’t file them which will have the IRS knocking on my door in about 30 seconds ‘n moi perhaps learning how to knit with my cell mate a la Martha Stewart‘. Nope, in years past I chose to have ‘professionals’ figure out how to give Uncle Sam his fair share of my hard earned income.
And, when you think about it many famous folks like Marc Anthony; Willie Nelson; The Osbornes; and Ja Rule Slide10.aspx have tried to decide what they think is fair and have not faired well. But, as one of my all time fave performers James Taylor reminds us “You can run, but you can not hide” :
And, though he was talking about love, the IRS -damn them-eventually finds us whether we’re in New Jersey, Beverly Hills or sippin Pina Coladas on a beach in the tax-free Caymans.
Anyway, this year I’m doing most of the work since like 99.9% of us, I’m trying to cut back on my expenses. So no more lawyer like accounting firm with 15 partners letting the meter run even when they’re boasting about THEIR kids. Yup this year it’s mostly me. As a result, I now understand why so many accountants are bald as I’m pulling my hair out and rubbing my head simulaneously trying to figure out where the hell my money went and how to organize all this s…t 🙂
It’s truly a humbling experience and made me feel a bit like Rebecca Bloomwood from the best selling book and fun albeit silly movie: Confessions of a Shopaholic which I coincidentally watched last weekend. The movie starred Isla fisher. For those who’ve neither read nor seen it, the title pretty much says it all…’cept for girl meets very rich handsome boy whom is her boss, they fall in love, girl lies to him then joins Shoppers Anonoymous, and boy recounts cause afterall love conquers all particularly in the movies…The End.
Anyway, trivial as the movie was it did make me realize how we can easily let things get out of control with our finances…And, in her case with her credit cards which launched her path to becoming a shopoholic at the ripe ole age of 7…
Fast forward 20 years she takes a job at a place where she is asked to help other people save money by writing a financial column. Clearly in over her head, she decides to relate buying investments to buying shoes…quite an analogy but one that works and her column becomes a huge success…as i said this was a silly albeit fun movie/book. So as I have been working on my taxes all well and about to loose it, I decided to take to writing this blog hoping it will help me sort through all this stuff. And, in the spirit of Rebecca’s debut column, I am going forth and approaching doing and organizing my taxes as I would do my closet: One line item and one pair of shoes, pants and shopping bags at a time labeled: ‘Drop 10’ (as in pounds and bills); Discard (cut the excess) and Donate (an always tax deduction)! So there I confess and hope Uncle Sam speaks Prada too! Spread the glove!