STATUS: It’s after 8 p.m. It’s really time to leave the office.
What’s playing on the iPod right now? DEAD MAN’S PARTY by Oingo Boingo
Just a happy FYI that the deadline for the third round of quarterly taxes is tomorrow, September 15, 2009. If you still need to pay, don’t delay as you’ll want a US Post Office post mark on the envelope so as not to be charged penalty or fees. I’d send certified mail just to be safe if you’ve waited until the very last day to send.
And if you have to make regular quarterly payments, I suggest getting hooked up with the EFTPS site so you can make payments electronically.
And I might as well take a moment to remind authors that it’s not worth getting behind in estimated payments due from book income throughout the year. I’ve heard one too many horror stories from authors who always thought that the next check would pay all the taxes only to find themselves in a major hole later on (as the next check was basically already spent before taxes came around again).
I know some of you are thinking that gee, I wish I could just get paid for my writing to begin with; I’d be happy to pay taxes. (Okay, maybe not “happy to” but you’d be delighted at the idea of having to because you’re earning money from writing.) For all you published authors out there earning income, this is a not so gentle nudge. Pay your taxes, quarterly, and on time. And if you are the kind of person who doesn’t manage money well or just likes the idea of it, sign up for EFTPS and simply have X amount taking out monthly so it becomes part of your monthly budget–an automatic debit you don’t have to think about when April 15, June 15, Sept. 15, and Jan. 15 rolls around.
That way your taxes are paid (and the date doesn’t sneak up on you when funds might not be in the ole checking account).