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	<title>GenuineChris.Com: Stop Repeating Mistakes &#187; tax</title>
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	<link>http://genuinechris.com</link>
	<description>A dad&#039;s advice to himself and his kids.</description>
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		<title>How Do You Harness Uncertainty?</title>
		<link>http://genuinechris.com/how-do-you-harness-uncertainty/</link>
		<comments>http://genuinechris.com/how-do-you-harness-uncertainty/#comments</comments>
		<pubDate>Mon, 29 Jun 2009 20:03:27 +0000</pubDate>
		<dc:creator>chris</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[rants]]></category>
		<category><![CDATA[irs]]></category>
		<category><![CDATA[tax]]></category>

		<guid isPermaLink="false">http://genuinechris.com/?p=1177</guid>
		<description><![CDATA[Any day now, I&#8217;ll be out of the worst part of IRS collections.   Any day now, I&#8217;ll be done and the IRS will acknowledge that my total outstanding liability is under $25,000.   And any day, I&#8217;ll be no longer subject to weekly calls with a revenue officer hunting down my status.  I&#8217;ve come a long...]]></description>
			<content:encoded><![CDATA[<p>Any day now, I&#8217;ll be out of the worst part of IRS collections.   Any day now, I&#8217;ll be done and the IRS will acknowledge that my total outstanding liability is under $25,000.   And any day, I&#8217;ll be no longer subject to weekly calls with a revenue officer hunting down my status.  I&#8217;ve come a long way.  I started out owing over $91,000 just to them.  So there&#8217;s some pride there.  My number say I owe $23,900.  Their numbers will undoubtedly be different by a smidgen, but I continue to pay weekly to them to get that debt out of my hair.</p>
<p>The uncertainty though is hard to contend with.  Look, the bottom line is that they are gonna put me on some type of payment plan.  Most likely it&#8217;ll be $500 a month, far, far less than what I&#8217;ve been paying.   That will be a relief, cash flow wise.   I&#8217;ll be able to breathe a little and relax.</p>
<p>But it&#8217;s not known.  It could be another month of the same old &#8216;report to the revenue officer.&#8217;  It could be that my 2005 returns are wanting, and they want more info that I&#8217;ll have a hard time supplying.   It could be that they are gonna say I owe more.  Anything is possible.</p>
<p>Tom Petty says that the waiting is the hardest part.</p>
<p>Dealing with the weight is a wait and a distraction I don&#8217;t know&#8211;quite how to process.  On the one hand, it&#8217;ll either be good news or no news.</p>
<p>But the waiting is the hardest part.</p>
<p>I am mentally having a hard time with it.  I know that one of the biggest joys of my life is coming in about 6 months when I write that final &#8220;F-off&#8221; check to the IRS.  I want that to happen this year, in 2009, in the heart of the recession.   But the distraction of the maybe is something that the linear part of me can&#8217;t deal with.  I&#8217;m having a difficult time focusing on my lists &amp; tasks.</p>
<p>I know&#8211;a little bit&#8211;what it&#8217;s like to have a loved one with a grim prognosis.   The uncertainty kills.  It&#8217;s part of the reason why mortgage brokers got so much money.  They bore the burdens of financial uncertainty along with their clients.  I&#8217;ll let you all know what happens, it&#8217;ll be sometime in July that the finish line will honestly and actually be in sight.  That I&#8217;ll be able to dash for it, and get the merciless evil that is the IRS out of our life.</p>
<p>Then I&#8217;ll work on the rest of my debt.</p>
<p>Miles to go, but I see the path at least.</p>
<p>More later.  Cutting some videos for thesis blogs.</p>
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