A journal from someone who is living in the most beautiful place on Earth
Tuesday, April 15, 2014
You Can't Do Both
99% of the information had come in, and the maximum error for being wrong would have been plus or minus $100, but the green-eyeshade section of my brain would not let me file our tax return on April 15th.
The missing 1% was a partnership form (1065 K-1), so, after a quick calculation showed that we were paid in for both Federal and State, extension Form 4868 was mailed to Fresno.
The partnership has much upside, but its complexity has its cost on this April 15th. The old saw comes to mind: you can sleep well or you can eat well, but you can't do both.