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is it tax time yet?

September 20th, 2009 at 04:55 am

Apparently, at our house it is. Smile I went through my pile of receipts today, sorting them into farm expenses, farm income, job searching expenses, depreciation, etc. I just had a huge pile I needed to get through, and it is now residing in a 1" binder and a 1" pile, sorted by date.

Usually I tape the smaller receipts to a piece of paper and put them in the notebook as well. I plan to do that, and then scan everything in so I have a backup of it in case something happens to the paper.

The push to do this is because I am planning on figuring my taxes as close as I can before the end of the year and convert an IRA to a Roth IRA in 2009. I plan to convert enough of it to get my income up to the top of the 10% bracket. I am transferring my old 401k to the IRA right now (just got the check for $16,954, and need to forward it on). What with me losing my job this year, being on unemployment, buying more cows, a planter, etc., I think we will have quite a bit of room to do this. I can only foresee taxes going up in the future, so I want to shelter as much as I can in the Roth IRA as possible.

You know, that gets me thinking. What happens if some kind of a fair tax is implemented? People have already paid taxes on Roth IRAs and their income. So if a fair tax is implemented, won't that be double taxation on that income? I have never heard anyone explain how that would work.

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I ran that 5k last weekend, and I am so proud of myself. I hadn't run 3 miles without stopping since college 10 years ago (I did it once before the race). It was very slow, but I didn't walk at all, which was my goal. There were so many hills, at one point I wanted to, but I figured I could jog as slow as I could walk, so why not reach my goal when I could do that?

It was a really fun weekend. We had 19 walkers/runners in our group. My mom paid for all the t-shirts we were wearing (an early Christmas present), so we all stood out.

Brother T won his age group (15-19)
Sister J won her age group (15-19)
Sister K got 3rd in her age group (20-24)
Sister E got 4th in her age group (20-24)
Brother D got 3rd in his age group (25-29)

I didn't walk. That's winning for me Smile Actually, I got 21st in my age group, out of 41. It took 42 damn minutes, but I got through it.

We then went to my sisters house for lunch. I had taken some cans of stuff (corn, mushrooms, black beans, salsa and a bag or brown rice) and my crockpot, and made that in the hotel in the morning before we left for the run. It was done by noon, so that was my contribution to lunch.

We then went to a park for a niece's birthday party.

Then, my brother in law just had to go to Hooters. Ok, we'll all go. We had one table of guys (including my dad, my 16 year old brother, my husband, by 24 year old brother, and 4 BILs) and a table of girls and kids.

Service was absolutely horrible. It took 30 minutes for the waitress to get our drinks at the girl table. It took another 20 minutes to take our order. The order was all messed up (she forgot 3 orders of fries, and had a salad that no one ordered, and one of the drinks had a hair in it). I asked for our checks, and she only got mine and DH's, after 30 minutes, and then had to come back and ASK us all what we got because she didn't have it written down? I don't know. We were there for over 3 hours.

DH was paying, and I told him to not tip because her service was terrible. All the guys at their table erupted "Why? We all got our beers on time." He ended up tipping her awesomely. I was pretty peeved at that. My sisters paid their tabs for their families, and didn't tip at all. The waitress didn't even give my brother a check. By that time, we had waited for our checks for over an hour, so we told him to just leave.

So, other than that tipping incident, the weekend was really fun. All of my family in one place doesn't happen that often.

My sister wants us to do another run on Thanksgiving day in Salina. I am planning on keeping on running 3 times a week. I haven't lost any pounds except the 6 I initially did, but I am feeling better and my jeans feel more comfortable, so I know I am losing some weight. I take Bandit (my dog) with me, and he really needs it, because when DH is working all day on the swather, he is tied up all day...and very rambunctious when I get home. After 2 miles, he usually is pretty calm when we get back.

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Things are moving along on the farm. Beans are almost ready to be cut, milo is almost ready as well. We will be weaning calves in a few weeks. DH is currently swathing and baling for a lot of people, which will bring in some good money, once he gets it done and can bill it.

My dad wants us to swath and bale for him, and have him trade some work. He can put on siding and do windows, so I think I want him to replace our windows and at least one door before winter hits. We only have 6 regular windows in our house and one big picture window. And the back door needs to be replaced (you can see light through the edges when it is shut). I don't know how much it is going to be, but I think that should be done before the siding is done. Maybe next year he can do siding as trade?

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