Taxes Archives - A Father of Twin Boys

Murphy’s Law, if it can happen or go wrong, it will. And if it does go wrong, it usually goes wrong in a bad way.

Now, there are two ways to look at this, glass half empty or half full.

Last night I got an email from my CPA saying that we owed a considerable amount this year. Now, I write this and I’m waiting on confirmation back from him on a few things, so the number should go down some. BUT, my first thought was holy crap, how are we going to pull this off? Half empty. First thought was not that we were fortunate enough to get raises give more money last year, etc. It was how are we are going to pay this off? I went to bed worried. I went to bed thinking how we could shave off of our budget to cover this?

I woke up this morning, stressed out. I woke up concerned. But I woke up.

I woke up to hearing Baby A calling my name. Not screaming, but saying “It’s morning Daddy!”

We’ve been blessed beyond belief. We have been able to save, build a little of an emergency fund, which we will have to use some of it more than likely to pay off the tax bill. But we’ve been blessed. And as I was making coffee for me and a cup of Apple Juice for Baby A, as Baby B and my wife slept, I realized that sure, Murphy’s Law likes to hit at really bad times. Sure, I could use that extra money that I’ll be paying to the government each month to pay down credit cards. But maybe this is a chance for us to get creative? Maybe this is a time that I pickup a few extra websites and make a little side money? Maybe now, we are in a better place financially and can look at Murphy’s Law as a slight speed bump in the road of life, as opposed to the doom and gloom that we once did.

I’m choosing to look today at Murphy’s Law as a glass full of stuff, that from time to time, we just have to deal with.

Every year, my wife and I take a day and spend it doing our tax prep for our CPA. This year, no different, except 1 big thing, our household income went up by $1,000.00, we paid off 2 credit cards off and WE GAVE MORE TO CHARITY by $1,000.00. Why is that huge? Because my wife and I share 1 huge belief, that is that we are blessed beyond belief.

Not only that, we double our donations to Goodwill. Again, helping others. We are on the road to living like no one else, so that we can give like no one else. We have really been focused this year with paying down debt and in looking at what we gave, adding the small amount of extra income, paying off debt, etc. it was a good year. Even if we have to pay a little this year, it looks like we are on the right track.

In looking at all the tax prep that we’ve done, I think that the conversation with the CPA this year will be more of what we can change for next year to even get us to our end goal faster.