Filing Taxes - Page 2

Snowflake · 01-05-2010, 12:40 PM

I've used H&R Block web tax cut for years and it has been great for me. I'm usually done in about 15 minutes which is all the time I ever want to dedicate to anything related to complicated math.

Betty · 01-05-2010, 03:16 PM

I'm surprised that more people don't use a professional for some reason. Maybe I'll stick with H and R after all. They have all my info which makes it easier to let them prefill it all out.

mousepod · 01-05-2010, 03:29 PM

We've used a professional for more than a decade. The difference in the final total (vs turbotax or Block) can be astounding. Plus, you can deduct the cost of the preparation. So worth it.

Strangler Lewis · 01-05-2010, 05:46 PM

I thought as a general rule you could only deduct tax preparation expenses as part of the miscellaneous deductions that must exceed 2 percent of AGI to become deductible.

Maybe that's why your guy is so good.

mousepod · 01-05-2010, 06:42 PM

You're right. It does fall under the 2% rule.

Alex · 01-05-2010, 07:06 PM

Tax Software: Do you want to do deductions?

Me: Would that mean answering more questions and/or filling out more forms?

Tax Software: Yes.

Me: Well then, I'm good. Can I just toss in an extra $500 to avoid any additional worries? Because I'm not going to be keeping any receipts for anything, and probably won't even keep a copy of this year's tax return.

Tax Software: I suppose so.

Me: Make it so.

Andrew · 01-05-2010, 07:18 PM

The nice thing about the Web versions is that they keep the returns so I don't have to.

Alex · 01-05-2010, 07:50 PM

Yeah, I have copies of previous returns because I still have the same computer as the last two times. But if I got a new computer tomorrow I'd no longer have any copies of previous returns.

€uroMeinke · 01-05-2010, 08:02 PM

Last year we went with a professional. NA being self-employed in multiple lines of work made it way to confusing for me to keep up without fear of incurring some huge penalty. I was happy we did as my negative best guesses and swags turned into a healthy refund.

Not Afraid · 01-05-2010, 09:52 PM

Professional mean the difference between owing money and getting 5k we were not planning on. Soooo worth it!

01-05-2010, 12:40 PM	#11
Snowflake lost in the fog Join Date: Jul 2005 Location: San Francisco Posts: 7,831	I've used H&R Block web tax cut for years and it has been great for me. I'm usually done in about 15 minutes which is all the time I ever want to dedicate to anything related to complicated math. __________________ Be yourself; everyone else is already taken. - Oscar Wilde
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01-05-2010, 03:16 PM	#12
Betty Kicking up my heels! Join Date: Jan 2005 Location: The Silver State Posts: 3,783	I'm surprised that more people don't use a professional for some reason. Maybe I'll stick with H and R after all. They have all my info which makes it easier to let them prefill it all out. __________________ Nee Stell Thue
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01-05-2010, 03:29 PM	#13
mousepod You broke your Ramadar! Join Date: Jan 2005 Posts: 4,635	We've used a professional for more than a decade. The difference in the final total (vs turbotax or Block) can be astounding. Plus, you can deduct the cost of the preparation. So worth it. __________________ "Give the public everything you can give them, keep the place as clean as you can keep it, keep it friendly" - Walt Disney
	Submit to Quotes

01-05-2010, 05:46 PM	#14
Strangler Lewis Doing The Job Join Date: Aug 2006 Location: In a state Posts: 3,956	I thought as a general rule you could only deduct tax preparation expenses as part of the miscellaneous deductions that must exceed 2 percent of AGI to become deductible. Maybe that's why your guy is so good. __________________ Live now-pay later. Diner's Club!
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01-05-2010, 06:42 PM	#15
mousepod You broke your Ramadar! Join Date: Jan 2005 Posts: 4,635	You're right. It does fall under the 2% rule. __________________ "Give the public everything you can give them, keep the place as clean as you can keep it, keep it friendly" - Walt Disney
	Submit to Quotes

01-05-2010, 07:06 PM	#16
Alex . Join Date: Feb 2005 Posts: 13,354	Tax Software: Do you want to do deductions? Me: Would that mean answering more questions and/or filling out more forms? Tax Software: Yes. Me: Well then, I'm good. Can I just toss in an extra $500 to avoid any additional worries? Because I'm not going to be keeping any receipts for anything, and probably won't even keep a copy of this year's tax return. Tax Software: I suppose so. Me: Make it so.
	Submit to Quotes

01-05-2010, 07:18 PM	#17
Andrew Making Good Girls Go Bad Join Date: Jun 2006 Location: Palo Alto, CA Posts: 734	The nice thing about the Web versions is that they keep the returns so I don't have to. __________________ -- Andrew Just Andrew. Do I contradict myself? Very well then, I contradict myself. (I am large, I contain multitudes.) -- Walt Whitman, "Song of Myself"
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01-05-2010, 07:50 PM	#18
Alex . Join Date: Feb 2005 Posts: 13,354	Yeah, I have copies of previous returns because I still have the same computer as the last two times. But if I got a new computer tomorrow I'd no longer have any copies of previous returns.
	Submit to Quotes

01-05-2010, 08:02 PM	#19
€uroMeinke L'Hédoniste Join Date: Jan 2005 Location: A.S.C.O.T. Posts: 8,671	Last year we went with a professional. NA being self-employed in multiple lines of work made it way to confusing for me to keep up without fear of incurring some huge penalty. I was happy we did as my negative best guesses and swags turned into a healthy refund. __________________ I would believe only in a God that knows how to Dance. Friedrich Nietzsche
	Submit to Quotes

01-05-2010, 09:52 PM	#20
Not Afraid HI! Join Date: Jan 2005 Posts: 17,108	Professional mean the difference between owing money and getting 5k we were not planning on. Soooo worth it!
	Submit to Quotes