Thursday, 15 April 2004
Free at Last, Free at Last, Thank the IRS Almighty!
Today, true to form, I finished my U.S. Federal tax declaration at almost the last minute possible. Despite being a bona-fide foreign resident (yes, yes, I am - even the IRS admits it), I still have to file with the U.S. government. Truly, this is a sign that I am loved if even potential crumbs from my income interest them.
Anyway, it's a relief to be done with it. Even though foreign residents get an automatic two-month extension to 15 June, I've owed money in the past - which means I have to pay no later than 15 April (ah ha, gotcha - those crumbs again). It turns out that I didn't owe money this year - in fact, I'm getting a couple of crumbs back. But by the point I knew for sure, I had already completed my paperwork and who really wants to hold onto that kind of stuff any longer than they have to? (That's a rhetorical question; I don't want to hear from those of you who do. In fact, just back away from me as slowly as possible, thanks.)
Passive income, foreign tax credits, foreign income exclusions, early withdrawal penalties - you name it, I think have some of it thrown into the mix for my 2003 returns. At this point, I seriously think I could offer decent tax advice to American expats (Um, I don't need to hear from those of you who want it. In fact... well, I suppose there are some people with tax separation anxiety who might like to meet you.)
Of course, in a perfect alignment of fiscal constellations, French business taxes were also due today. At least we have an accountant for those. But talk about separation anxiety: I had to write checks totaling more than I earned in the past year.
I'm beat, but now I can put it behind me and move on to... er, getting my finances in order for next year.
Party on...