How do you do your taxes?
#1
How do you do your taxes?
Just wondering.
Some years ago, I put all of the forms on spreadsheets, so Excel does the math. And yes, I do have to update them every year ( and I curse vehemently when they change lines around with no real reason).
I did try some tax software once, but I didn't like it. It kept asking questions, and I had no idea what it was doing on the forms until the end. Also, if I would go back a couple of steps to change an option, it would make me repeat all of the information after that -- even if it would obviously stay the same.
Also, I'm one of the few still mailing the darn things in --I believe that the IRS has my poster on the wall -- with darts in it
So how do YOU do them?
Thanks,
hj
Some years ago, I put all of the forms on spreadsheets, so Excel does the math. And yes, I do have to update them every year ( and I curse vehemently when they change lines around with no real reason).
I did try some tax software once, but I didn't like it. It kept asking questions, and I had no idea what it was doing on the forms until the end. Also, if I would go back a couple of steps to change an option, it would make me repeat all of the information after that -- even if it would obviously stay the same.
Also, I'm one of the few still mailing the darn things in --I believe that the IRS has my poster on the wall -- with darts in it
So how do YOU do them?
Thanks,
hj
#2
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#4
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same here old family friend is an IRS certified CPA.
take all the papers to her, a week later i bring a check for $100 and sign the papers. she e-files, and 3 weeks later i get money direct deposited in my bank.
#5
That's been my preferred method for the last few years. Worth the $100 just for the stress saved.
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CPA for the business (LLC Partnership). From there I get my Schedule K-1 and then to Turbo Tax.
I may split the business this year, plus my wife's income is now taking an additional tax % hit because of the LLC net income. Will probably start moving all to my business CPA and lay down a purposeful tax strategy that passes through both personal and business. Getting more complicated every year.
I may split the business this year, plus my wife's income is now taking an additional tax % hit because of the LLC net income. Will probably start moving all to my business CPA and lay down a purposeful tax strategy that passes through both personal and business. Getting more complicated every year.
#10
#12
#13
Turbo Tax for me. Went that was about 15 Years ago. Used to use a program called Personal Tax Edge but Turbo Tax purchased them. Have been audited several times in the past 12 years with just answers sent with no further contact. Guess they were just fishing. I have a small company with no employees and the Turbo Tax Home and Small Business works great. I have tried the Professional Prepare sites and didn't really like the way the did my taxes and went back to Turbo Tax.
#14
We are retired and still do ours with my wife and I setting down together and do paper forms. Seems like we are in the real minority any more.
My wife is excellent at record keeping which helps greatly, It is still stressful and I get mad at some change or something different every year, but it only takes about three hours for Federal and State forms - that includes my wife's old homeplace which a rental house which is a major filing problem each year.
I figure it is only a matter of time until we are told we can't use written forms anymore.
Bruce
My wife is excellent at record keeping which helps greatly, It is still stressful and I get mad at some change or something different every year, but it only takes about three hours for Federal and State forms - that includes my wife's old homeplace which a rental house which is a major filing problem each year.
I figure it is only a matter of time until we are told we can't use written forms anymore.
Bruce
#15
I've been self-employed for 19 years, and have always done my own taxes (even for a few years before that). About 8 years ago or so, I switched from doing them by hand, on paper, to TurboTax online. I went from at least 8 hours of messing with the forms and instructions to 2 hours at the computer. A good chunk of that is going back through my work vehicle mileage logs and adding it all up (Actually, I usually just look at the total for the year, and subtract out the non-work mileage, since there are fewer of those trips). I don't worry too much about an audit, because I'm small fish. I think using paper forms now probably makes you stand out a little more to the IRS, too.
Jason (end the IRS)
Jason (end the IRS)