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Home > Updates on tax bill: WV letter and AS payments received

Updates on tax bill: WV letter and AS payments received

April 11th, 2016 at 09:25 pm

Today we got two bits of good news in the mail: $800 of freelance checks AS was expecting (one a bit earlier than expected!) and a letter from the WV tax dept. telling us that we didn't have to pay interest on the tax owed, so we actually owe them $259 less. I haven't sent out the checks yet, so I'll write a new one.

The freelance check was already factored into projected deficit, but the WV news affects both bottom lines!

Net AS payment: $520
WV tax reduction: $259

Actual deficit: $8,845.47
Projected deficit w/ future money in: $345.86

We're very close to eliminating the temporary shortfall in April (when the tax checks hit); if we get one more good check for AS we may not have to do a LOC advance in April! Actually, too, if the contractor doesn't finish the bathroom work this week, that may be enough to eliminate the shortfall because we wouldn't have to pay him this week, and we should receive AS's freelance checks next week if they don't come in this week.

The May temporary shortfall is now less than $2K. Seems unlikely we'll be able to avoid that one completely, but even the thought of avoiding one temporary advance from the LOC is exciting!

3 Responses to “Updates on tax bill: WV letter and AS payments received”

  1. creditcardfree Says:
    1460412775

    Excellent news!

  2. FrugalTexan75 Says:
    1460431505

    Great news!

  3. jokeabee Says:
    1460464588

    Awesome! You are really killing it!

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