Post about your Taxes; How you did em and such...

[Namuna]

I'm a little nervous this year about doing taxes, what with being a home owner now and playing the stock market and such.

So tell me about yours...How (yourself? Accountant? H&R Block? Turbotax?), When (did you do it yet?), you getting a refund or paying? What are some of the things you have to file for (House, kids, lottery).

Thanks.

 

[RossMAN]

I'm a little nervous this year about doing taxes, what with being a home owner now and playing the stock market and such.

I'm more nervous than you are and have good reason to. In a nutshell I started a part time self-employed contractor position for an Internet company working from home weekday nights. Since I was paid as a contractor they paid me 100% wages and did not withhold any federal or state taxes, no social security, or any other deductions. If I made $2,500 that month then that's what my paycheck is. As it turns out my tax preparer estimates I am going to owe around $8,000 total for the year 2000. LOL.

So tell me about yours...How (yourself? Accountant? H&R Block? Turbotax?), When (did you do it yet?), you getting a refund or paying? What are some of the things you have to file for (House, kids, lottery).

I have been taking my taxes for about 10 years to the same accountant who works in a small modest self-employed business with five other financial experts. She knows her sh*t, types it all up to look nice and purdy, basically she delivers, oh and I'm much to lazy to do my own taxes or use tax software so I hope people don't try and convince me that's better. Well it isn't.

Paying around $8,000

I just gotta file for me, myself and I, that's it.

 

[LIBERTYorDEATH]

Remember, getting a tax refund check simply means the government got a interest free loan from you for the duration of the tax year..its far better to owe taxes at the end of the year/quarter than to get a refund, but most idiots run around waving that refund check like they somehow won the lottery when in reality they got hosed by the government yet again.

 

[UG]

If you're single, with no kids, not self-employed and with no investments, you should be able to do your taxes all by yourself (without Turbotax).

If not, you are deserving of HR Blockheads.

If you have a house, or are self-employed and can't do your own tax return (don't feel bad if you can't), find yourself a local small businessman tax preparer, prefereably one who's an Enrolled Agent.

They'll save you more money than you'll ever pay them over the course of your mutual association.

It's a no-brainer for smart people.

You'll pay $30 for Turbotax. Your small business paid preparer will pay somewhere in the neighborhood of $1000 for their software (to aid their expensive education and understanding of tax laws and regulations), and they'll make much more money on the transaction than will you, without their help.

 

[RossMAN]

If you're single, with no kids, not self-employed and with no investments, you should be able to do your taxes all by yourself (without Turbotax).

If not, you are deserving of HR Blockheads.

It's a no-brainer for smart people.

LOL, hey I can take a hint! *sniffs more Elmer's glue this time with glitter*

 

[UG]

LorB,

That's only really true for those who are not low-income wage earners, with kids, who qualify for the wealth-redistributive Earned Income Credit. They generally get the biggest refunds, thanks to their kids.

 

[Raspewtin]

Mine are way too complicated for me to handle on my own. It took me a long time to find an accountant that would be willing to deal with it all (I wanted a one man deal, no H&R Block thing) Having a great accountant gives the same comfort that a great doctor does (at least it did for me).

 

[UG]

RossMAN,

Did your tax accountant send you out of the office with 4 1040ES's?

No? Ask him/her why not.

 

[RossMAN]

Did your tax accountant send you out of the office with 4 1040ES's?

No? Ask him/her why not.

Are you sitting down?

 

[Napalm381]

I did it with the TurboTax Online. But then again I'm a college kid with part-time jobs, so I'm not exactly a good person to ask.