Posted on Tuesday 29 July 2008
Last night I came home to a thick envelope from the IRS. Needless to say, my stomach turned just a little. It turns out we (really me, since I do our taxes) goofed on our 2006 taxes. Through some strange turn of events, I input the info from a 2005 W-2 instead of the 2006 W-2. I don’t know how I did that but it’s a moot point now. The IRS wants us to send them ~$2000 in the next thirty days.
When I re-ran the numbers, I discovered that their calculations were off. In actuality, we only owe them ~$1900. Still quite a chunk of change but I don’t want to send them any more than we have to. While I’m not pleased over having to part with so much cash, I’m not stressed because we do have it. We’ll simply transfer the money from one of our savings accounts and send a check to the IRS. When unexpected events occur, an emergency fund can ensure peace of mind.