View Full Version : Doing your taxes
theMUHMEshow 01-23-2006, 11:25 AM Taxes are such a pain in the ass to me. I have had a guy with Turbo Tax do them for me the last couple of years, however this year that is not an option. Is it possible to get a copy of TT online somewhere? I just hate even thinking about doing this fucking things
Taxes are such a pain in the ass to me. I have had a guy with Turbo Tax do them for me the last couple of years, however this year that is not an option. Is it possible to get a copy of TT online somewhere? I just hate even thinking about doing this fucking things
turbotax.com
It'll walk you through everything. It's a good option if you just have a W-2 and don't have a small business or anything like that.
WTFchris 01-23-2006, 11:58 AM I just by TT every year. It's worth the 40 bucks to get as much as you can out of it. If you are not a homeowner, don't own a business or anything and just need to do your wages basically just do it yourself. It's easy to do the 1040 EZ if you have nothing else to report.
I just by TT every year. It's worth the 40 bucks to get as much as you can out of it. If you are not a homeowner, don't own a business or anything and just need to do your wages basically just do it yourself. It's easy to do the 1040 EZ if you have nothing else to report.
You actually go out and buy the software? Why not just do it online and pay $30?
WTFchris 01-23-2006, 12:02 PM Never tried that. Do you get the delux for that price? If so, that would save me 10 bucks (too late now). I'll have to do that next time. I just had best buy discounts I had to use up so I got it there.
Just looked, it's 40 bucks there too. I wouldn't have saved any money (just the materials to make the package).
Never tried that. Do you get the delux for that price? If so, that would save me 10 bucks (too late now). I'll have to do that next time. I just had best buy discounts I had to use up so I got it there.
Just looked, it's 40 bucks there too. I wouldn't have saved any money (just the materials to make the package).
Don't know exactly what version it is. I use it only because I have one W2 and some basic deductions. It's nice because it stores all your info from year to year.
Glenn 01-23-2006, 12:06 PM Chris,
If you just got married and own a house now, you really should be hiring someone to do your taxes for you.
Our financial planner does ours on the side for $100, but we used to do H&R Block for around that much.
We pay the $100 gladly, because somebody that has our best interests in mind doing them is worth it to us.
We've paid as much as $300 to have them done professionally before.
WTFchris 01-23-2006, 12:08 PM i need the delux, which allows me to deduct interest on my house payments, and school loans. They make a huge difference (i've been told a grand or more) I'm told, this is my first year of deducting that since we bought our house in december 2004.
i need the delux, which allows me to deduct interest on my house payments, and school loans.
They do that in the online version.
Gecko 01-23-2006, 01:12 PM Chris,
If you just got married and own a house now, you really should be hiring someone to do your taxes for you.
Our financial planner does ours on the side for $100, but we used to do H&R Block for around that much.
We pay the $100 gladly, because somebody that has our best interests in mind doing them is worth it to us.
We've paid as much as $300 to have them done professionally before.
A financial planner is not legally allowed to do taxes. So either you are not with a real Financial planner, and just someone who uses the moniker in the insurance industry or well he's doing something illegal.
Glenn 01-23-2006, 01:19 PM He's probably doing it illegally, then.
He does them "on the side", as I said.
He's a CFP, if that helps clarify.
WTFchris 01-23-2006, 01:21 PM Well, I'll have to see how TT does with my deductions. I've never used a tax company, but my guess is that TT will find as many deductions as a tax company would too.
Anyone used both?
Well, I'll have to see how TT does with my deductions. I've never used a tax company, but my guess is that TT will find as many deductions as a tax company would too.
Anyone used both?
I have used both (H & R Block, TT online) and the only difference I noticed was how much more I had to pay H & R Block to do the exact same shit that TT did.
D's Nuts 01-23-2006, 02:09 PM Well, I'll have to see how TT does with my deductions. I've never used a tax company, but my guess is that TT will find as many deductions as a tax company would too.
Anyone used both?
I have used both (H & R Block, TT online) and the only difference I noticed was how much more I had to pay H & R Block to do the exact same shit that TT did.
Agreed. I paid one year just to see if there was a differance and I will gladly do my own from now on.
Gecko 01-23-2006, 03:11 PM He's probably doing it illegally, then.
He does them "on the side", as I said.
He's a CFP, if that helps clarify.
Hope it didn't sound crass. I would watch out. If he's not doing this ethically you wonder. In this day and age of regulatory compliance, it's not something one should mess around, especially someone who vowed to uphold the CFP fiduciary standard.
Glenn 01-23-2006, 03:13 PM Hope it didn't sound crass. I would watch out. If he's not doing this ethically you wonder. In this day and age of regulatory compliance, it's not something one should mess around, especially someone who vowed to uphold the CFP fiduciary standard.
Crass? Naw, you're fine.
Thanks for the heads up, I'll keep an eye on him.
UncleCliffy 01-23-2006, 03:51 PM LOL! I do one of those ez forms because I don't have any money.
theMUHMEshow 01-24-2006, 05:27 PM I had a part time job over the summer that did not take taxes out of my paycheck and I they said I would just have to pay them back when I do my taxes. I have no clue what I am going to have to do with this...do you guys think that I will be able to use TT?
UncleCliffy 01-24-2006, 05:35 PM What kind of job is this? Seems retarded that a business would do that.
theMUHMEshow 01-24-2006, 08:56 PM What kind of job is this? Seems retarded that a business would do that.
yeah...no shit huh... it was a DJ company...such fucking bullshit
I had a part time job over the summer that did not take taxes out of my paycheck and I they said I would just have to pay them back when I do my taxes. I have no clue what I am going to have to do with this...do you guys think that I will be able to use TT?
Yeah it shouldn't be a problem. You will just report your earnings for the whole year and it (the program and the government) will see you haven't paid taxes on part of it, whatever you earned from the DJ thing, and they will bill you for them now. Its not uncommon. (But I hoped you put some of the pay check away as depending on what you made for the year you might owe).
theMUHMEshow 01-24-2006, 10:32 PM Of course I didnt put anything away...and of course I am going to be financially fucked when I see how much I have to pay back.
[smilie=404.gif] I hate my life
UncleCliffy 01-24-2006, 10:34 PM Did you make a lot of money? If you made under $2000, I don't think you have to file taxes.
Train Wreck 01-24-2006, 11:32 PM He's probably doing it illegally, then.
He does them "on the side", as I said.
He's a CFP, if that helps clarify.
Me thinks someone should be checking their pm's real soon.
WTFchris 01-25-2006, 09:01 AM I had a part time job over the summer that did not take taxes out of my paycheck and I they said I would just have to pay them back when I do my taxes. I have no clue what I am going to have to do with this...do you guys think that I will be able to use TT?
no, you'll have to file the form that is used only for that purpose. I want to say it's a 1095 form, but I'm not sure of the number. It's pretty easy to do. My wife had to do that one year when she did medical records for a law firm. they paid her by the job and she was not on the payroll as an employee, so she had to report the taxes every quarter. You can also wait till the end of the year to report them, but it depends on how much you made.
At any rate, get that form, figure out how much you made, and then you just apply a certain % to the amount based on a chart they have. It should all be online and pretty easy. Don't waste your 40 bucks on TT, unless you have incomes besides that one.
I had a part time job over the summer that did not take taxes out of my paycheck and I they said I would just have to pay them back when I do my taxes. I have no clue what I am going to have to do with this...do you guys think that I will be able to use TT?
no, you'll have to file the form that is used only for that purpose. I want to say it's a 1095 form, but I'm not sure of the number.
1099.
I never had to fill out a 1099 when I got paid without taxes being taken out. I had other jobs at the time (which is what I assumed Muhme's case was) and just filled my total income for the year.
WTFchris 01-25-2006, 09:44 AM the 1099 is just for when you have to file quarterly I think. You can just do the 1040 EZ at the end if the year like fool is saying.
theMUHMEshow 01-25-2006, 09:44 AM Is it true that I dont have to file them if I made under 2g? I thought it was under 600. I am probably right about 2g's though.
So...my best best is to just combine what I made (that was not taxed) with what I made that was taxed and file them all together, according to fool?
WTFchris 01-25-2006, 09:49 AM So...my best best is to just combine what I made (that was not taxed) with what I made that was taxed and file them all together, according to fool?
Yes, just file the 1040. On the form it tells you the amount you have to make to file it I think. Once you put in your income I think it says whether you should even be filing. I think it depends on whether you are single, a dependant, etc. There are different amounts for each of those. Just go to the IRS site and download the 1040 EZ form/instructions fast.
theMUHMEshow 01-25-2006, 10:56 AM Thanks guys...you have been a HHUUGGEE help so far.
Glenn 04-10-2012, 09:19 PM I have no idea how I located this thread, but...
+$549, baby.
mercury 04-10-2012, 10:26 PM I dread this time of year... the down side of being self employed... bend over and let Uncle Samantha have her way (prefer the female version).
Vinny 04-11-2012, 12:53 AM Anyone know the protocol for when you owe but can't pay? I know I still need to file on time but how do you negotiate a payment plan?
http://www.irs.gov/individuals/article/0,,id=243335,00.html
Uncle Mxy 04-11-2012, 11:08 AM Depending on what you have versus what you owe, you might want to apply for an extension.
Pay something now, then pay the rest when you complete your taxes.
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