The old financial records that I do keep

It’s now two months until tax day, which means that it’s time for some financial paperwork. By that I don’t mean starting my 2018 return–I haven’t even gotten all my 1099s yet–but discarding records from prior years that no longer retain any legal relevance.

This tidying up has sent a raft of old statements and forms into the recycling (with every instance of a Social Security Number torn out for subsequent shredding), and now the file cabinet is no longer packed so tight.

But there are some tax and financial records that I’m keeping even though I no longer have to: the 1040s, W-2s, and checkbooks of my college and post-college years.

Those documents tell a story of a simpler and more painful financial time–an annual income in the low twenties, paychecks with only three figures to the left of the decimal point, ATM withdrawals that rarely exceeded $30, and a checking-account balance that I struggled to keep above $2,000.

(Fortunately, rents around D.C. were a lot cheaper then.)

Being reminded of the cramped state of my finances back then helps me feel better about them today, even after all the lousy things that have happened to the journalism business lately.

But the more important part of this exercise is not cultivating nostalgia but renewing empathy–for anybody who’s living paycheck to paycheck, or who’s just a slow month or a government shutdown away from having their bank balance erode enough to show only three digits to the left of the decimal point.

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Weekly output: financial and tax insecurity, Solo drone, future of radio, lost location apps

My trip to the NAB Show ended with a red-eye flight home to the East Coast, something I don’t think I’ve done for business travel since 1996. Let’s just say I can’t rally from the experience as well as I did back then.

Yahoo Tech tax-return fraud post4/14/2015: The Other Reason Tax Prep Should Make You Nervous, Yahoo Tech

I had meant to file this piece about financial-account security and tax-refund fraud before heading out to National Airport for the first of two flights to Vegas but instead pretty much wrote the whole thing on the ORD-LAS segment.

After reading it, please look over last year’s tax-time column: a recount of how Intuit, the company whose weak security helped grease the skids for a fair amount of identity-theft refund fraud, has worked to ensure it won’t face competition from federal or state governments when it comes to online tax prep.

4/15/2015: 3D Robotics’ Solo Drone Can Fly Circles Around You, Yahoo Tech

I’m still not sure what possessed 3D Robotics to debut this drone at a convention for the broadcast media, but I thought the product fascinating enough that it was worth writing up the experience. My one disappointment: Nobody besides my editor seems to have picked up on my “a Solo can shoot first” line.

4/15/2015: The Journalists Panel, NAB Show

My primary reason for going to the NAB Show was to participate on this panel, in which longtime radio exec Jeff Simpson quizzed Radio World editor Paul McLane and I about the competition AM and FM stations face from online alternatives. I emphasized locality: Stations should try to sound like where they are, something a worldwide app like Pandora can’t do. If only more commercial FM stations would follow my advice when it comes to music programming.

4/19/2015: How location-aware app can get lost on WiFi, USA Today

I’ve touched on this topic before, but this time I had the benefit of talking to some smart mobile-app developers who clued me into some important differences in how location-based apps work in iOS and Android.

I survived doing our own taxes (I think)

Over the last few weeks, I did the one thing I was sure I’d never do after leaving the Post: prepare my own taxes instead of paying a tax professional to do the work.

I’d outsourced my tax prep over the last three years with generally satisfactory results. But this time around my tax guy had raised his rates while my own financial situation had not gotten more complex; I felt like I had finally disciplined my once moronic, then merely slovenly accounting; it seemed wrong to go four years without even looking at a category of software millions of Americans do battle with every spring.

1099s and TurboTaxAnd so I renewed my acquaintance with Intuit’s TurboTax for the first time since 2011–not as a reviewer, but as a paying customer. It went better than I’d feared.

The biggest upgrade from my earlier agonies was effective record-keeping: I’d entered every cash expense last year into a Google spreadsheet on my phone within hours or, at worst, days, then imported business credit-card transactions into the same sheet every quarter. Between that and being able to consult last year’s return for guidance on what should go where, I had the outlines of my Schedule C knocked out in shockingly little time.

That’s a great reason to go to a tax pro in the first place: If you don’t know to do this stuff, you need somebody who can coach you. The results don’t just help at tax time, but throughout the year.

TurboTax’s ability to import tax forms for all of our mutual funds–something I’ve complimented in earlier reviews–was a great time-saver. And seeing each investment firm’s numbers flow into our return meant I got a direct look at the tax hit inflicted by some actively-traded mutual funds versus index funds. Ouch.

I was relieved to see that the stupid date-validation bugs I’d complained about in 2011 were gone–well, in most of the app.

Did I play this unnecessary game of tax-code-optimization as well as I could? I believe I did, but I won’t know for sure until after we actually file. Yes, although the 1040 and our assorted alphabetical schedules are done, I opted to file an extension. I will be dropping a sizable chunk of money into my SEP IRA to chisel down our tax bill, and I’d rather not completely clean out my account in the process.

I also did our Virginia taxes in TurboTax. Then I deleted that return after writing down the total it had calculated and the two numbers I’d need to put down on my state return. Intuit may have convinced a gullible General Assembly to scrap the state’s free iFile site in 2010, but that doesn’t mean I need to reward its successful regulatory capture with my own business when state taxes aren’t that hard and I can always file on paper.

 

 

Weekly output: tax prep, Google Glass, Heartbleed, Nearby Friends, online banking

This was a multiple-microphone week, and two of my three broadcast appearances involved shows that hadn’t booked me as a guest before. That’s good.

In other news: Happy Easter!

4/15/2014: The Strange and Successful Campaign to Make Taxes More Taxing, Yahoo Tech

A lot of material had to get left out of this already-long column denouncing the crony-capitalism campaign by Intuit and such Washington groups as Americans for Tax Reform and my former client CCIA to stop governments from letting citizens file and pay taxes at their own sites. (For example, these direct-filing sites cost little to run–$80,000 a year at California’s ReadyReturn, $150,000 for Pennsylvania’s soon-to-be-shuttered padirectfile.)  Comments debuted at Yahoo Tech late Tuesday afternoon, and as you can see I did not wait long to show up in them myself.

Speaking of feedback, you might as well see ATR’s latest post opposing IRS-run tax prep and stories, mine included, that suggest it would be a good thing… which, in a coincidence too weird for me not to disclose, was written by the guy who’s done my taxes since 2012.

4/16/2014: Google Glass and privacy, Al Jazeera

The news network’s Arabic-language channel had me on the air to talk about Google Glass and privacy issues. Since I was being translated into Arabic in real time, the producer emphasized that I speak slowly and simply–a challenge when my usual habit is to speak too fast on the air.

To the Point Heartbleed show4/16/2014: Heartbleed and Internet Security, To the Point

KCRW’s news show had me on to discuss the Heartbleed bug and how  open-source development broke down in this case. I wish I’d thought to compare major tech companies’ unwillingness to kick in any money to the OpenSSL Foundation with all the effort they’ve put into finding ways to pipe income to shell corporations in overseas tax havens.

Most of my input happened in the first 20 minutes or so, but keep listening to hear Internet Governance Project founder Milton Mueller discard some silly objections from the Information Technology and Innovation Foundation’s Daniel Castro to the government’s proposal to hand over supervision of the DNS root zone.

4/18/2014: Nearby Friends, WTOP

D.C.’s news station had me on the air for a few minutes via Skype to talk about Facebook’s new location-based option, its privacy implications and how it competes with such existing apps as Foursquare and the D.C. startup SocialRadar.

4/20/2014: Safety you can bank on: Chromebook, Linux, phone, USA Today

A relative’s question about whether he should buy a Chromebook for his online banking gave me an opportunity to note a couple of cheaper options to separate your Web financial transactions from your regular use: booting your computer off a Linux CD or flash drive, or using your bank’s app or the built-in browser on your phone or tablet.