How do you do your Taxes?

jinglingxl

Golden Member
Mar 3, 2000
1,184
0
0
This is my first year working, and need to file my taxes for the first time. How do you do your taxes?
Professional Accountant?
Online (where?)
Through a friend who's familiar with taxes?
Use software ?

Which would be a smart and convenient way of filing taxes for a first timer?
 

krunchykrome

Lifer
Dec 28, 2003
13,413
1
0
If it's your first time, the find a friend who has filed his/her taxes before and let them help you while showing you a thing or two. And you can visit the IRS website for information. Text
 

alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
what is the details of your life?

rent/own

self employed or W2

did you donate alot? major medical? large move?

Most of the time a first year worker has just a W2 and can simply do a 1040EZ. Takes maybe 20 mins.

If you are self employed and want to maximize deductions it takes a stack of form about 1/4" thick and about 20 hours or more :)

Check into CPA's tax thread stickied at the top of Off Topic.

Å
 

TheAudit

Diamond Member
May 2, 2003
4,194
0
0
If you qualify to use the 1040EZ form then nothing is easier than using Telefile. It's fast and free.

I used to do it this way when I was younger.
Turbotax now.
 

Ausm

Lifer
Oct 9, 1999
25,213
14
81
I use the Redd Foxx method of filing I don't :D

J/k


Taxcut is the software I use.

Sysadmin
 

chowderhead

Platinum Member
Dec 7, 1999
2,633
263
126
telefile for federal and e-file for state. They took all of about 15 minutes and matched what I did on paper. :D
 

PanzerIV

Diamond Member
Dec 19, 2002
6,875
1
0
I use turbotax online. I absolutely love it and this will be my fourth tax season using it.
 

TallBill

Lifer
Apr 29, 2001
46,017
62
91
I used h+r block's tax software.. cost 30 bucks total to buy and submit, but it helped out a bunch with some deductions. worth a 825 dollar return imho.