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Have you started your 2008 taxes yet?

TallBill

TallBill

Lifer
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.
 
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:
 
Originally posted by: BrownTown
don't i need a W-2 or something before i can do that?
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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.
 
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?
 
I'm waiting. By doing so I will be prepping my taxes in the middle of my Federal Taxation (Tax Accounting) course.
 
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.
 
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.
 
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.
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Haha, I'm not an overachiever in the least. I just really like money.
 
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).
 
Originally posted by: Naustica
Most people I know just finished their 2007 taxes month ago.
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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.
 
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.
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They owe me money, I'm filing as soon as I get my W-2s.
 
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.
 
I wait until I get all the W-2s and everything else, usually in February or so. Usually use the online version of Turbotax.
 
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.
Click to expand...
Quicken is always on the job, I just have to input the receipts and invoices.
 
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