from my experience, people using cheaper services are probably leaving more money on the table then they're saving with a cheap service
and they're more than likely making many silly financial decisions throughout the years that cost them tax dollars, penalties, higher interest rates and even the loss of financial assistance from colleges they might otherwise receive
as with everything in life, there are exceptions
PS: how much is your own time worth? that should be part of the price
and they're more than likely making many silly financial decisions throughout the years that cost them tax dollars, penalties, higher interest rates and even the loss of financial assistance from colleges they might otherwise receive
as with everything in life, there are exceptions
PS: how much is your own time worth? that should be part of the price
i'm a cpa that will answer any questions here or at eog/sbr, just pm me
i'm not bashing turbo tax, i used to teach courses in it. the flaw in doing taxes yourself is if you don't think about things like tuition (american opportunity credit is $2500/year!), goodwill donations, residential energy credits, museum memberships, etc.
usually the savings of doing your own taxes more than offsets the benefit of having a professional do it, IF you think about deductions you might be missing or credits you could be taking. here's one that almost nobody knows - if someone owes you money and you're pretty sure they won't pay you back, you can claim it on your tax return! it's a "non-business bad debt" on schedule d and gets lumped in with other capital gains and losses, maximum net deduction $3000/year and the rest carries over.
i'm not bashing turbo tax, i used to teach courses in it. the flaw in doing taxes yourself is if you don't think about things like tuition (american opportunity credit is $2500/year!), goodwill donations, residential energy credits, museum memberships, etc.
usually the savings of doing your own taxes more than offsets the benefit of having a professional do it, IF you think about deductions you might be missing or credits you could be taking. here's one that almost nobody knows - if someone owes you money and you're pretty sure they won't pay you back, you can claim it on your tax return! it's a "non-business bad debt" on schedule d and gets lumped in with other capital gains and losses, maximum net deduction $3000/year and the rest carries over.
not at all my friend, I'm fucking swamped
CPAs are probably know what they're doing.
Few folks in this thread assuming that they could get a piece of mind guarantee from H&R Block which is not true at all.
They might be okay when experience tax reps work the returns, but from my years of working at H&B Block, I'd seen lots of returns were screwed by inexperience reps, typically people who only have 1-2 yrs of doing taxes. And I didn't catch the errors until I handle them in the following year. There is no charge for amended returns those were screwed by H&R Block.
Turbotax is an awesome software written by tax experts, cpas and all the pros in the business. The users just have to know where to put the numbers in.
C.P,
If indeed you paid $250 for H&B Block for tax prep, your tax is very simple.
Because that is Block average charge for a return w/ 2-3 W-2 forms, a few 1099 here and there and probably a Sch.A.
Good one...
I've been called alot of names: cocky, meathead, steroid user, pretty boy, etc.
But dumb is a new one...I shall add it to the growing list of descriptors that you hater's love to use.
Nothing wrong with being called a steroid user. I don't get it; what is wrong? You care about what you look like?
Pretty good stuff man.
Personally I am married with a 4 year old and my wife is due with our second child in 7 weeks. We pay over a 1,000 dollars a month on student loans. My wife is a Physical Therapist and I am a teacher and a football coach.
What might be some tax credit things that we might be able to use.
Thanks
I use a CPA to do all mine...too many variables with my business and things to keep up with. Plus my wife does all my work inputting stuff into the books so I wouldn't know where to begin with it. I only owe them about 9k in federal and 1,500 in state. I figured I would owe 20+ total so I am satisfied with it I guess. Still not going to send the check till the last day just out of principle.
i have not filed my taxes as of yet and its due to i have not recieved all my information from my bank for the funds and securities end.ive never waited this long for that stuff,they are getting the liberty from the goverment to have more and more time to send them out to people.it sucks as you have a timeline usually on what your going to use your refund for and it gets screwed up by the banks
hno:
Good one...
I've been called alot of names: cocky, meathead, steroid user, pretty boy, etc.
But dumb is a new one...I shall add it to the growing list of descriptors that you hater's love to use.
I was joking
