Have you started your 2008 taxes yet?

[TallBill]

I guess I'll probably use TaxACT again for 2008. Next year I need to keep much better tax records starting January 1st. I'm at the point of my life where taxes are finally getting a bit tricky.

 

[Passions]

No, because 2008 isn't over yet.

 

[aircooled]

no.

 

[BrownTown]

don't i need a W-2 or something before i can do that?

 

[MichaelD]

I can't wait to see some obscure change in the Tax Code that penalizes everyone for the stimulus payment you received last year. :roll: It's bound to happen. :roll:

 

[TallBill]

Originally posted by: BrownTown
don't i need a W-2 or something before i can do that?

You can still start adding up deductions which have been taking place all year long.

I have school, medical, work related deductions. I wish I had been tracking them better all year because going back and doing it now might cause me grief.

Also, you can start piecing together capital gains/losses.

 

[Red Squirrel]

We get someone else to do them, much easier to let the professionals do it.

 

[Alone]

We have people for that. They know what I can and cannot claim. Like a pair of $130 boots, complete write-off because I wanted them. Who knew?

 

[sactoking]

I'm waiting. By doing so I will be prepping my taxes in the middle of my Federal Taxation (Tax Accounting) course.

 

[SoulAssassin]

I think 99.8% of the people out there wait until at least late January/early February if not April 14th. OP must be a bit of an overachiever.

 

[nanette1985]

Yes, I have a lot of part-time/temporary jobs and it takes a lot of organization to do my taxes. I'm not naturally organized but this is an expensive disaster if I wait until the last minute.

Besides, if they end up owing me money, which often happens, I want that money as fast as I can get it.

 

[clamum]

Uh f no.

 

[TallBill]

Originally posted by: SoulAssassin
I think 99.8% of the people out there wait until at least late January/early February if not April 14th. OP must be a bit of an overachiever.

Haha, I'm not an overachiever in the least. I just really like money.

 

[Squisher]

I start an envelope at the beginning of the year that I throw everything in I'll need to for my taxes. Anything that is supposed to go somewhere else will get filed after I get done doing them.

Right now there isn't much in there but all my donation receipts and photos on CDs, real-estate tax statements, receipts from a couple of stock deals, car registration receipts, and the receipt for tinting my house's windows (if they let me deduct that).

 

[ponyo]

Most people I know just finished their 2007 taxes month ago.

 

[Special K]

Originally posted by: Naustica
Most people I know just finished their 2007 taxes month ago.

Why so long? Did they have a ton of captial gains/losses that had to be accounted for?


Or were they investing in hedge funds? I hear those can take a very long time to mail you the official paperwork necessary to do your taxes, as legally you are investing in a business and not a fund.

 

[Away]

I can't do much until I receive my 1099 from Social Security.

 

[Bignate603]

Originally posted by: SoulAssassin
I think 99.8% of the people out there wait until at least late January/early February if not April 14th. OP must be a bit of an overachiever.

They owe me money, I'm filing as soon as I get my W-2s.

 

[AccruedExpenditure]

Yep. Taxes are a year long chore for me.

 

[spidey07]

No way could I start until I have a few dozen forms.

 

[BoomerD]

As much as I have in the past several years. With zero taxable income, I don't have to file...of course, I don't get to write off mortgage interest or other credits either.

 

[acheron]

I wait until I get all the W-2s and everything else, usually in February or so. Usually use the online version of Turbotax.

 

[Walking in Circles]

how the fuck am i supposed to do that?

 

[thomsbrain]

I take the standard deduction, so no, there is absolutely nothing for me to do until the end of the year.

 

[AlienCraft]

Originally posted by: TallBill
I guess I'll probably use TaxACT again for 2008. Next year I need to keep much better tax records starting January 1st. I'm at the point of my life where taxes are finally getting a bit tricky.

Quicken is always on the job, I just have to input the receipts and invoices.