I just wanted it out of my hair. I was originally in a fighting mood over it, but the guy I worked that big case with screwed up by not filing his taxes for 3 years, and I literally forgot about the income at tax time. My fault. His too though, the idiot! There were wash sale problems there too, but the unreported income was the biggie. A guy who once worked for the irs and some new CPA's I hired to handle this, told me to pull the trigger on this, and get past it. I decided to do it, as I don't need an ulcer. Well, not another ulcer anyway.
Sometimes, as you say, it's just better to bite the bullet and move on. Onward and upward. Kind of like being in a bad trade. You can babysit it and feel lousy the whole time hoping it will come back (the worst sentiment for a trader), or just take your loss and move on to a better trade.
That's what was going on. I just wanted out of "that trade" as it was driving me nutty. Well, nuttier...
I just wanted it over. I probably could have fought it harder, but I was told "it ain't going to get any better than that." I can't believe that we are so archaic in 2010 that we actually still have an "agency" like the IRS.
what's over?? you think it is over? it's never over as long as you are alive and making income you must put up with it. there is always this year. and that last three. it's never over.
Agreed. Scary thought too! I'm about to quit my job, go buy an old couch, put it on the front porch, start drinking 40oz malt beers while wearing a white tank top with my boxers on, fight with the few neighbors I have, and get a check sent to me rather than from me...