Thorp and Sailor's Grave Board
Not logged in [Login - Register]
Go To Bottom

Printable Version  
Author: Subject: Do you do your own taxes?
BDx13
Super Administrator
*********


Avatar


Posts: 18115
Registered: 8-25-2004
Location: Pennsyltucky
Member Is Offline


[*] posted on 3-15-2007 at 01:29 AM
Do you do your own taxes?


If so, do you use software or do you do it by hand?

If not, what do you pay?





If I fail math, there goes my chance at a good job and a happy life full of hard work.
View user's profile Visit user's homepage View All Posts By User
BDx13
Super Administrator
*********


Avatar


Posts: 18115
Registered: 8-25-2004
Location: Pennsyltucky
Member Is Offline


[*] posted on 3-15-2007 at 01:41 AM


I've been going to an accountant for as long as I've been doing freelance, about nine years. For the first five, I used these awesome Lebanese guys in Bay Ridge who came recommended by a close friend. I couldn't understand half what they were telling me, but my wife and I ALWAYS got money back, and it never cost more than $100 total.

As my freelance business expanded, I figured I better go to someone who can explain what they're doing and who can give me advice on how to plan and manage expenses and shit like that. Well, all the native English speaking, fancy corporate letterhead, and 'Avenue of the Americas' address came at a cost of nearly $700 for the two of us. The return covered their expense, but I didn't get much good advice.

Last year, out in PA, I went to a friend of the family who is a CPA and it cost $500. Good guy. He spent about 90 minutes going over everything with me and giving lots of good input on issues I was interested in. He found a few ways to maximize deductions that I didn't even know about. I'll be seeing him again tomorrow.

It's a lot of money, but the way I see it is, it's the accountant's job to know the ins and outs of tax law and to work as creatively as possible within those laws to get me as much back as possible. I'm not trying to brush up on tax code every year...I got websites to build! And as long as my return covers the cost, I'm cool with it.





If I fail math, there goes my chance at a good job and a happy life full of hard work.
View user's profile Visit user's homepage View All Posts By User
clevohardcore
* Kick\'n ass on the wild side *
*****


Avatar


Posts: 12937
Registered: 9-19-2004
Member Is Offline

Mood: Sick Of It All, Youth Of Today

[*] posted on 3-15-2007 at 02:27 AM


not anymore. I farm it out.



Each aspect of the soul has it's own part to play, but the ideal is harmonious agreement with reason and control.
View user's profile View All Posts By User
Dave
Posting Freak
*****


Avatar


Posts: 3281
Registered: 4-6-2003
Location: Halifax
Member Is Offline

Mood: .......

[*] posted on 3-15-2007 at 08:52 AM


me and the woman both use http://quicktaxweb.intuit.ca

then file online as well.




View user's profile View All Posts By User
Voodoobillyman
The Artist Formerly Known As...
*****


Avatar


Posts: 4247
Registered: 8-12-2005
Location: Eastern Seaboard of the United States
Member Is Offline

Mood: my daughters beautiful curiousity

[*] posted on 3-15-2007 at 09:22 AM


I file online with Taxslayer. It's free due to my active duty military status. I don't have half of the complications you do with your own business and all.
View user's profile Visit user's homepage View All Posts By User
XHonusWagnerX
Moderator
******


Avatar


Posts: 12509
Registered: 7-14-2005
Location: pawtucket
Member Is Offline

Mood: hadDCore

[*] posted on 3-15-2007 at 09:32 AM


I used to do them myself, but then I had a partnership buisness and my dad was taking care of them (paying someone to do them) and I think it was $75. This year I was back to doing them myself. I needed a little help, but just from my dad because I have a RI Resident form and a MA non-resident form and I get confused with those, but the Federal one was easy!



Quote:
Originally posted by REV.PAULIE
HONUS-as much as i can't stand a great deal of what you really like (for my own reasons that i would never hold,nor impose,against you),YOU FUCKING RULE!

YOU,HONUS,IS WHAT MAKES THE "EDGE" COOL.

YOUR FRIEND,
PAULIE


check out my post contributions at www.VinylNoize.com

20 1-color T-shirts for $100 at NewRepublic
View user's profile View All Posts By User
JawnDiablo
Posting Freak
*****




Posts: 12139
Registered: 4-21-2005
Location: 1902666
Member Is Offline


[*] posted on 3-15-2007 at 09:51 AM


i just do it online
i have no stuff to claim
my ex claims my son
i have no interest on money in the bank and shit
i usually get my return inside of 2 weeks.
View user's profile View All Posts By User
newbreedbrian
Posting Freak
*****


Avatar


Posts: 2616
Registered: 9-2-2004
Location: Hell
Member Is Offline

Mood: doc watson

[*] posted on 3-15-2007 at 10:13 AM


myself by hand. when you break it down bit by bit, it's not that overwhelming. there's explanations for how most things work, just gotta be willing to dig around. so it costs me a postage stamp every year.



The very existence of flamethrowers proves that sometime, somewhere, someone said to themselves, ?You know, I want to set those people over there on fire, but I?m just not close enough to get the job done.? George Carlin
View user's profile Visit user's homepage View All Posts By User
BDx13
Super Administrator
*********


Avatar


Posts: 18115
Registered: 8-25-2004
Location: Pennsyltucky
Member Is Offline


[*] posted on 3-15-2007 at 10:23 AM


damn, you all are much braver than me.
i know a number of people who have been audited, and that scares the crap outt me.
i guess one of the biggest things for me is getting input on what i can and can not deduct. i deduct like a motherfucker, and i like to know that what i'm claiming is all kosher.





If I fail math, there goes my chance at a good job and a happy life full of hard work.
View user's profile Visit user's homepage View All Posts By User
Jason the Magnificent
Posting Freak
*****




Posts: 3880
Registered: 8-2-2003
Member Is Offline


[*] posted on 3-15-2007 at 10:43 AM


I use turbotax, In the end it costs me around $80 and that INCLUDES the audit protection. If by some chance you get audited you never have to talk to anyone about it, their lawyers take care of everything. I filed 2-2 and had my returns in my bank on 2-16. Been doing it that way for 3 years.
View user's profile View All Posts By User
BDx13
Super Administrator
*********


Avatar


Posts: 18115
Registered: 8-25-2004
Location: Pennsyltucky
Member Is Offline


[*] posted on 3-15-2007 at 10:53 AM


j, are you using their 'Home & Business' plan?
is it all done online, or is it a downloadable program?





If I fail math, there goes my chance at a good job and a happy life full of hard work.
View user's profile Visit user's homepage View All Posts By User
Jason the Magnificent
Posting Freak
*****




Posts: 3880
Registered: 8-2-2003
Member Is Offline


[*] posted on 3-15-2007 at 11:32 AM


Whatever the cheapest plan is, is the one I used.

Its all web based now, you don't download anything and pay at the end...and if you use them yearly....they save all your info. This was my second year using their web based one....having all my previous W-2 data (sans the financial numbers) as well as all the financial institution, addresses and stuff already there just waiting for number editing made it even faster.

I think if you use the gold plan etc it is more busniess related and multiplies the possible deduction options compared to the simple individual plan which still has more deductions than I ever got from any accountant I went to.
View user's profile View All Posts By User
Discipline
* DRUNKEN MONKEY *
*****




Posts: 11900
Registered: 9-8-2004
Location: Over here
Member Is Offline

Mood: The Alley Dukes

[*] posted on 3-15-2007 at 11:37 AM


I do them myself, by hand.



‘Do you know what a love letter is? It’s a bullet from a fucking gun. Straight through your heart.’
View user's profile View All Posts By User
moron
Posting Freak
*****




Posts: 2393
Registered: 5-28-2003
Location: CT
Member Is Offline


[*] posted on 3-15-2007 at 11:46 AM


Ive always done them by myself by hand, but my taxes arent complicated. This was the first year I ever used TurboTax. It was easy.
View user's profile Visit user's homepage View All Posts By User
BDx13
Super Administrator
*********


Avatar


Posts: 18115
Registered: 8-25-2004
Location: Pennsyltucky
Member Is Offline


[*] posted on 3-15-2007 at 12:05 PM


you guys are inspiring me. you say with turbotax you don't pay until the end? i might check it out next year; start the process, see how it goes, and if i f' it up, then i just won't finish the process. shaving a few bills off the tax prep cost would be welcome.




If I fail math, there goes my chance at a good job and a happy life full of hard work.
View user's profile Visit user's homepage View All Posts By User
Jason the Magnificent
Posting Freak
*****




Posts: 3880
Registered: 8-2-2003
Member Is Offline


[*] posted on 3-15-2007 at 12:39 PM


yes you dont pay until you file.


I love the little refund counter on screen too, its like tax slots. Get a deduction and you see the numbers start rolling up. I think they should have buzzers and bells to go along with my cheers.
View user's profile View All Posts By User
BDx13
Super Administrator
*********


Avatar


Posts: 18115
Registered: 8-25-2004
Location: Pennsyltucky
Member Is Offline


[*] posted on 3-15-2007 at 12:41 PM


HAHAHAHAAAAA!!! TAX SLOTS! Fuck yeah!




If I fail math, there goes my chance at a good job and a happy life full of hard work.
View user's profile Visit user's homepage View All Posts By User

  Go To Top

Powered by XMB 1.9.11
XMB Forum Software © 2001-2011 The XMB Group