tax time

[fastwillie 696969]

do you do your own taxes or tax pro to do it ,I'm trying turbo tax but I'm not sure ,i haven't filed taxes in years but since my IRA has withdraws i got a 1099 form from the broker ,i guess the plenties is heavy for early withdraws
or im putting in the wrong info LOL

[heeroyue2002]

ive always done my own but mine arent really all to complicated. I use turbo tax or the free edition of it.

[jitteryguy]

I've alway's used a professional (family freind, no charge) , look'n for $15000 return this year, hope she's done her home work this year !

[N2TRUX]

I have used a CPA for years. It can make a big difference on what you get back or pay.
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[JHT67]

Originally Posted by jitteryguy

look'n for $15000 return this year !

WOW! I'm jealous.

[big_al_71]

Originally Posted by jitteryguy

look'n for $15000 return this year!!

Very nice of you to have loaned that much money to the goverment for zero interest



I have an accountant that does mine every year and I pay alot of taxes every year no free interest loan from me

[Stocker]

I've done ours for longer than I care to think about, long before there was software (or computers, for that matter). After TurboTax came out, I used it for several years before switching to Tax Act a few years or so back. For me, it's easier to search for forms and topics then TurboTax.

Maybe I'm wrong, but unless you have a very complex return (and are liable to miss things), I don't know how a CPA will create more money for you. If you enter all the info you are supposed to, the program does the math and there you are.

That said, even with the software, you need to do some digging and searching to make sure you haven't missed something.

[fastwillie 696969]

ok i try the turbo tax and h and r block ,both came out close to each other ,i made appointment in the morning for h&r block to do the taxes ,bout 100 bucks for 1099-1099r and 1099 int
and from doing the free taxes im liking the out come i saved a bunch of money to pay the taxes so i see a shopping day in summit or jegs soon

[cableguy0]

I have used taxact for quite a few years as well as my dad and my brother. its a great program. checks you for errors and makes sure you arent gonna get audited. I can say my dad has done some extremely creative tax returns through taxact and hasnt ever had an issue.

[dammitmitchell]

wifes an accountant.. i just dont argue..
=-)
she does them. we claim higher witholdlings it's like a savings plan for us almost =-)

[treveiger]

All of my family takes there taxes to a guy that does audits for the federal goverment(or something like that), my family members each own there little businesses and have nothing but great luck with the tax guy because he tells us what loop holes we can do to make it so we dont have to pay any in

[fastwillie 696969]

Originally Posted by treveiger

All of my family takes there taxes to a guy that does audits for the federal goverment(or something like that), my family members each own there little businesses and have nothing but great luck with the tax guy because he tells us what loop holes we can do to make it so we dont have to pay any in

the whole taxs system is a loop hole ,who are you trying to fool

[treveiger]

Originally Posted by fastwillie 696969

the whole taxs system is a loop hole ,who are you trying to fool

true! Some of the things he comes up with though is kinda iffy.

[bigblock73]

Originally Posted by big_al_71

Very nice of you to have loaned that much money to the goverment for zero interest

I agree!

Jitterguy, you need to rethink your paycheck deductions. Ideally, you want to break even, no point in having the gov hold your money for 12 months int free, only to get back a portion of it the following year.

Myself, I have always done my own, I use Turbotax.

[treveiger]

Thats what we shoot for is to break even each year.

[fastwillie 696969]

its done i went to h&r blockheads and had them do the taxes ,it came out the same as i was doing it myself ,matter of fact since i made a form out they downloaded it to there software so if there a mistake h&r will cover the fines and plenties ,im glad i saved my money to cover the taxes ,now with the leftovers its time to add more stuff to my truck ,order bed cover from pro-pick its looks nice ,and i had the body paint man look at my truck so its going to get shot with new paint job do the cab as well ,roll bar cage order from alston engr. too

[Jerry Jones]

My wifey is a bookeeper and she gets taxes ready for the CPA's so she does ours and lets the CPA stamp it.

[jitteryguy]

Originally Posted by bigblock73

I agree!

Jitterguy, you need to rethink your paycheck deductions. Ideally, you want to break even, no point in having the gov hold your money for 12 months int free, only to get back a portion of it the following year.

Myself, I have always done my own, I use Turbotax.

single and all my children are grown! normaly I do bout break even, this year I made quite a bit more and was not sure I would be out of the country long enough for tax exempt statis. as it turns out I was and I'm get'n most of it back, this year I'm keep'n it my self and if I miss the tax exempt statis for 2011 I have money set aside to cover the tax liability. I've seen several guy's come over here and bet on be'n tax excempt, then a family emergency pop's up , they lose the excemption and dont have the cash to cover the tax's.