I am so overwhelmed right now with everything, and I'm looking at my budget for school, and my tuition, and my rent, and I want to buy a car, and I want to build credit so I can buy a car (a prius), and eventually one day I want to buy a ton of land and start a commune.... but I have to do it through the fucking system. ugh.
So.....here's what is going on.
I have no money. I am starting from absolute zero. I plan on working 4 nights a week and probably making 1,500-2000/week, 6-8K/month until January, when school starts and I will drop down to 2 nights/week, 3-4K per month. I have to pay around 30,000 tuition for the year. If I make 55,000/year, after tuition that's 25,000, and after living expenses (very budgeted) that's about 10,000 left over in my savings account. This would probably be the exact amount I would owe to the IRS, wouldn't it?? With self-employment taxes and everything? If I do pay taxes, I wouldn't under report, because the whole point of paying taxes IMO is so you have proof that you make how much you say you do so you are eligible for making large purchases and financing payments.
It's just frustrating calculating money stuff, because it just makes me hate the government.
On January 1st, 2009 is that the date you're supposed to start keeping track of income, exemptions, etc for that year? and then the IRS gives you four months after the end of the year- april 15th, 2010 to file them?? So... I'm obviously not filing taxes this year because i have no proof or record of income and exemptions from 2008, didn't keep track of anything and fucked up my life royally. Would it be OKAY for me to just save up a ton of money and work my ass off and not do the whole tax-filing-keeping-track-of deal until Jan 1st?? Then, when Jan 1st comes along, I'll be financially independent and on my feet, and I'll be able to keep track of my earnings, my exemptions and all that, and I will have saved up enough money to get turbotax because I am mathematically retarded.
Is that a bad plan?? It sounds pretty good to me. I don't want to do the quarterly filing thing, that's just way too confusing, I would rather just do it once a year, and spend a week or two sorting through receipts and spreadsheets, rather than do it 4 times a year and have to remember dates. Jan 1st and april 15th are easy to remember.
Also--- how much does turbotax cost and would you recommend it? i need a computer program where I can just punch in numbers, i can't do excel.



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