I bought a copy of H&R Block At Home to complete my taxes this year. When all was said and done, I owed the IRS close to $4,000. I usually don’t do such a poor job of forecasting my tax liability, but this year was different.
After losing my job, starting my own consulting work, and moving to a different state to start a new job, I knew my tax liability was going to be a crapshoot this year. I was really lucky in the sense that I made the minimal tax advances for self employed persons and thus my underpayment penalty was minimal.