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Finances and Taxes

February 23rd, 2009 at 07:30 am

So I have come to the time to start thinking about filing my taxes. I have received all my 1099C's for the credit card debt and the credit card companies did not date the 1099's the day of settlement. This affects everything because the IRS says your point of settlement is the date on the 1099c and the balance sheet has to be prepared on that date. So I had balance sheets done at the point of each settlement, but now I have a different date so I have to reconstruct my balance sheets to the new dates. I'm probably going to actually do better because the money was gone and my asset position was less making for a more insolvent position; so that is a silver lining.

The new job is going great, I only wish there were more customers. It seems that everyone is nervous about buying right now and there are some great deals out there, but if you don't know if you are going to have a job, you don't buy a house.

I have been working deligently on a credit counseling business. I'm thinking of doing this on the side to help people get back on track with their credit and to educate them on how to get out of debt. I'm not confident that I have it down yet, but I'm working on it.

My house is pretty much done and I'm looking to refinance perhaps in another month to get a better rate. It would be a good time for the DH to consolidate some of his final debts as well and get him in a better position.

I'm making plans to leave for Florida on April 16th. My sister is lending us a condo on the ocean for 10 days at no charge, she says she thinks I deserve it. Nice sister!! I can hardly wait to get out of this cold Northern weather, I spend most days in the house because it is so cold out. That is the hardest part about living in a colder climate.


4 Responses to “Finances and Taxes”

  1. PauletteGoddard Says:

    Awesome that you take your vacation right after Tax Day! I share the northern climate exposure with you (unless you are blogging from Tok, Alaska, in which case God Bless you) and agree that an early shift to a warmer, sunny climate can be most restorative.

  2. lizajane Says:

    I just read all your posts and I think you've done an awesome job. It's funny, as I was reading I was thinking that you should do credit counseling for others. Bam! Here you are thinking about it.

    Enjoy your trip to Florida!

  3. Brian Jefferies Says:

    This is my first time reading your blog and it is INSPIRING! It is amazing how you where able to reduce so much debt in such a short time.

    Congratulations!

  4. girlndebt Says:

    I am hoping you get more customers too! There are awesome deals out there. I know everyone is nervous to buy because they don't know if they will have a job after to pay for it! I know I worry about that. I sure hope things turn around and soon.

    I wish you all the luck with the credit counseling business. People definitely need help right now and you know all about it-geese,you've been through it.

    Your sis definitely sounds like a nice sis! You are going to love it here in April. It should be beautiful weather. It is perfect tonight. A little cold front is coming through now. As you know-you are coming here for the warm-I want to go there for the cold! Smile Enjoy yourself and relax!

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