Don't click or your IP will be banned


Hittin' The Web with the Allman Brothers Band Forum
You are not logged in

< Last Thread   Next Thread >Ascending sortDescending sorting  
Author: Subject: Taxes and Tax Time

Maximum Peach





Posts: 8643
(8641 all sites)
Registered: 12/14/2004
Status: Offline

  posted on 1/31/2009 at 05:02 PM
I have always done my own taxes. For years I did them by hand the old fashion way, pencil, calculator and the forms.

I switched to Tax Cut software for a few years and for certain it does make it easier...the "interview" process, fill in the blanks, get filled out forms at the end.

This year I decided to go back to the manual method, no software.

I went to irs.gov and downloaded all the forms I needed in .pdf format, edit the forms, type in the numbers, calculator...

Of course I don't have extremely complicated returns...1040, Schedule A, B and D.

How do you do your taxes.

Reminds me of one of my favorite lines from Ghostbusters..."who does your taxes?"

 
Replies:

Maximum Peach



Karma:
Posts: 8379
(8380 all sites)
Registered: 3/22/2006
Status: Offline

  posted on 1/31/2009 at 05:16 PM
I've used Turbo Tax for years. File electronically, and usually get any over-payment back within 2 weeks max.

I heard somewhere that the IRS is somewhat less likely to audit those who file using the major software packages. The feeling was its pretty hard to mess up anything, given how structured their process is. Always worked for me < fingers crossed >

 

____________________
Obamacare: To insure the uninsured, we first make the insured
uninsured and then make them pay more to be insured again,
so the original uninsured can be insured for free.

 

Zen Peach



Karma:
Posts: 27533
(27822 all sites)
Registered: 2/18/2006
Status: Offline

  posted on 1/31/2009 at 05:22 PM
I do ours and our daughter's the old fashioned way. Being self employed I've discovered most of the tax programs seem to slow me down rather than help.

 

____________________
Sometimes we can't choose the music life gives us - but we damn sure can choose how we dance!


 

Zen Peach



Karma:
Posts: 18541
(19007 all sites)
Registered: 1/19/2002
Status: Offline

  posted on 1/31/2009 at 05:38 PM
I do it myself and if I'm wrong, they are kind enough to ask me to send them mo' money.

One thing that will be good this year is Obama's tax stimulus, he said soon we shall see more money in our paychecks because they govt. is going to reduce the taxes they are taking out of our checks. For poor people they will see at least $25 extra in each paycheck. Gas money, whoo-hoo!

 

____________________
"Mankind is a single nation" "Allah did not make you a single people so he could try you in what he gave you, to him you will all return, he will inform you where you differed". Quran Chapter 2 Sura 213

 

Extreme Peach



Karma:
Posts: 1480
(1480 all sites)
Registered: 6/29/2005
Status: Offline

  posted on 1/31/2009 at 05:46 PM
I have an accountant do mine. If I did it myself I would mess it up.
 

True Peach



Karma:
Posts: 11675
(12118 all sites)
Registered: 1/8/2005
Status: Offline

  posted on 1/31/2009 at 05:58 PM
Used to do it manually, but switched to TurboTax about 6 years ago. It's so much easier, plus it values my non-cash charitable contributions much higher than I ever did. That, plus the free electronic filing makes it pay for itself in my case.
 

Zen Peach



Karma:
Posts: 18593
(18594 all sites)
Registered: 11/20/2006
Status: Offline

  posted on 1/31/2009 at 06:51 PM
I've always done mine with a #2 pencil and the actual paper forms. And that's probably what I'll be doing with my SuperBowl Sunday this year.

 

____________________
"Come on down to the Mermaid Cafe and I will buy you a bottle of wine, and we'll laugh and toast to nothing and smash our empty glasses down..."

 

Zen Peach



Karma:
Posts: 24400
(24575 all sites)
Registered: 3/31/2006
Status: Offline

  posted on 1/31/2009 at 06:55 PM
I use to have an accountant do them
Largely because my wife works in DE and we live in PA.

It's a major headache to do the out of state DE return.
It's like doing the 1040 all over but for just her.

This year I'm doin turbo tax and crossing my fingers as well ...

 

____________________


 

Zen Peach



Karma:
Posts: 18695
(18755 all sites)
Registered: 2/9/2006
Status: Offline

  posted on 1/31/2009 at 07:15 PM
quote:
I use Turbo Tax and I am happy with it. I am more fortunate than most of you as I live in a state that doesn't have a state income tax. It cuts my time spent on taxes down.


Agreed. So quick, so easy

 

____________________


 

Zen Peach



Karma:
Posts: 23373
(23372 all sites)
Registered: 12/27/2005
Status: Offline

  posted on 1/31/2009 at 07:24 PM
Turbo Tax. Since I have an account with Vanguard (401k) I get it at a discount. I have only a straight return 1040, a b schedules. I like it for the quick refund by filing electronically.

[Edited on 2/1/2009 by michaelsio]

 

Maximum Peach



Karma:
Posts: 8379
(8380 all sites)
Registered: 3/22/2006
Status: Offline

  posted on 1/31/2009 at 07:53 PM
quote:
One thing that will be good this year is Obama's tax stimulus, he said soon we shall see more money in our paychecks because they govt. is going to reduce the taxes they are taking out of our checks. For poor people they will see at least $25 extra in each paycheck. Gas money, whoo-hoo!
Yeah, great deal Gina. His stimulus will place an extra $4,000 debt burden on every man, woman, and child in the country, while you whoo-hoo! about $25 more per check. Party on Garth!

If that doesn't display the thinking of the American taxpayer, I don't know what does. No wonder these morons keep getting elected over and over.

 

____________________
Obamacare: To insure the uninsured, we first make the insured
uninsured and then make them pay more to be insured again,
so the original uninsured can be insured for free.

 

Peach Master



Karma:
Posts: 898
(898 all sites)
Registered: 8/17/2003
Status: Offline

  posted on 1/31/2009 at 08:04 PM
quote:
quote:
One thing that will be good this year is Obama's tax stimulus, he said soon we shall see more money in our paychecks because they govt. is going to reduce the taxes they are taking out of our checks. For poor people they will see at least $25 extra in each paycheck. Gas money, whoo-hoo!
Yeah, great deal Gina. His stimulus will place an extra $4,000 debt burden on every man, woman, and child in the country, while you whoo-hoo! about $25 more per check. Party on Garth!

If that doesn't display the thinking of the American taxpayer, I don't know what does. No wonder these morons keep getting elected over and over.


Hey we have to pay that 20 billion in Wall street bonuses to the failed banks .....go figure.
We should all skip out taxes...they can't lock us all up.

 

Zen Peach



Karma:
Posts: 16174
(16174 all sites)
Registered: 10/6/2004
Status: Offline

  posted on 1/31/2009 at 11:57 PM
Ive pretty much always used Turbo Tax, but this year Im going to use an accountant for the first time who specializes in police, fire, ems employees. They maximize your deductions for all the equipment you buy etc. Everyone I work with uses the same company and most everyone gets money back. I almost as much as an "independent" contractor as I do with my full time job.

 

____________________
Missing- 245 spines. If found, please send one to 1600 Pennsylvania Ave and the rest to the Capitol building care of the Democratic Party.

 

Maximum Peach



Karma:
Posts: 8643
(8641 all sites)
Registered: 12/14/2004
Status: Offline

  posted on 2/15/2009 at 12:27 PM
Will the complexity of filing your taxes ever change for the better?

I personally feel it is simply ludicrous that a US citizen feels they have to enlist a professional to do their taxes.

Something fundamentally wrong with our current tax system that it is so complicated for the individual.

Again, I personally do my own, but I know many, many folks that either don't even attempt it or rely solely on software.

Just a pet peeve that it is so complicated...but I ain't holding my breath for any sweeping changes anytime soon.

Cue the fair tax discussions.

 

Maximum Peach



Karma:
Posts: 8379
(8380 all sites)
Registered: 3/22/2006
Status: Offline

  posted on 2/15/2009 at 12:53 PM
quote:
Cue the fair tax discussions.

Exactly!

Bad enough for individuals, but consider the burden on business. Billions spent complying with insanely complicated laws, when all they're really doing is transferring our (the citizens) money to the IRS.

Get rid of all Federal taxes and income deductions, replace it with a national consumption tax, and close the IRS.

 

____________________
Obamacare: To insure the uninsured, we first make the insured
uninsured and then make them pay more to be insured again,
so the original uninsured can be insured for free.

 

Zen Peach



Karma:
Posts: 25201
(25201 all sites)
Registered: 9/7/2005
Status: Offline

  posted on 2/15/2009 at 12:56 PM
did them by hand for years, then I got MacInTax, used that for many years. (reason enough to buy a Mac many reviewers said)
It was a well made piece of software.

then Inuit bought it and switched it to TurboTax Mac. not as good but OK

This year they have a web based version, didn't like it.
had some problems with producing forms for mailing.

there is free software at IRS.Gov. and many state web sites now.

I use Appleworks Spreadsheat and a download of my Amex year end summary to
track my medical expenses and other deductions.




[Edited on 2/15/2009 by spacemonkey]

 

____________________
Keep on Smiling


 

Zen Peach



Karma:
Posts: 18687
(19089 all sites)
Registered: 7/2/2002
Status: Offline

  posted on 3/5/2009 at 02:44 PM
Taxes were done by hand, sent in, refund received, money spent.


 
E-Mail User

Zen Peach



Karma:
Posts: 16174
(16174 all sites)
Registered: 10/6/2004
Status: Offline

  posted on 3/5/2009 at 03:29 PM
quote:
Taxes were done by hand, sent in, refund received, money spent.




Get mine tomorrow!

 

____________________
Missing- 245 spines. If found, please send one to 1600 Pennsylvania Ave and the rest to the Capitol building care of the Democratic Party.

 

Zen Peach



Karma:
Posts: 18687
(19089 all sites)
Registered: 7/2/2002
Status: Offline

  posted on 3/5/2009 at 03:56 PM
Direct deposit into the bank account...
 
E-Mail User

Zen Peach



Karma:
Posts: 16174
(16174 all sites)
Registered: 10/6/2004
Status: Offline

  posted on 3/5/2009 at 04:00 PM
quote:
Direct deposit into the bank account...


Yep...going directly into my new business venture after that.

 

____________________
Missing- 245 spines. If found, please send one to 1600 Pennsylvania Ave and the rest to the Capitol building care of the Democratic Party.

 
 


Powered by XForum 1.81.1 by Trollix Software


Privacy | Terms of Service
The ALLMAN BROTHERS BAND name, The ALLMAN BROTHERS name, likenesses, logos, mushroom design and peach truck are all registered trademarks of THE ABB MERCHANDISING CO., INC. whose rights are specifically reserved. Any artwork, visual, or audio representations used on this web site CONTAINING ANY REGISTERED TRADEMARKS are under license from The ABB MERCHANDISING CO., INC. A REVOCABLE, GRATIS LICENSE IS GRANTED TO ALL REGISTERED PEACH CORP MEMBERS FOR The DOWNLOADING OF ONE COPY FOR PERSONAL USE ONLY. ANY DISTRIBUTION OR REPRODUCTION OF THE TRADEMARKS CONTAINED HEREIN ARE PROHIBITED AND ARE SPECIFICALLY RESERVED BY THE ABB MERCHANDISING CO.,INC.
site by Hittin' the Web Group with www.experiencewasabi3d.com