How Many Of You Do Your Own Income Taxes?

blebs · Post by **blebs** » Mon Feb 04, 2002 4:41 pm

I'm curious. I keep reading rules over until I thoroughly confuse myself to no end. I'm ready to throw in the towel and have someone else do them. Worse part, I thought I had them done and sent them in already, just to have a late form arrive today. Now I have to file a 1040X for Fed and State. Grrrrrrrrrrr

Grimson · Post by **Grimson** » Mon Feb 04, 2002 4:46 pm

my brother does mine. No stress for me.

eddiec · Post by **eddiec** » Mon Feb 04, 2002 4:47 pm

Thanks to Ms_Pammy, I found a free tax program that was EZ as it can get. Search for TaxAct. Free download, $7.95 to file. They market upgrades throughout the program, but wth, it's free. If it's too late for you maybe someone else will be able to benefit from this.

BMED · Post by **BMED** » Mon Feb 04, 2002 4:53 pm

TurboTax 2001, my coworkers and I have a TTCD club!

blebs · Post by **blebs** » Mon Feb 04, 2002 4:59 pm

Originally posted by eddiec
Thanks to Ms_Pammy, I found a free tax program that was EZ as it can get. Search for TaxAct. Free download, $7.95 to file. They market upgrades throughout the program, but wth, it's free. If it's too late for you maybe someone else will be able to benefit from this.

http://www.taxact.com/
For anyone who needs it. Thanks, I'll check into it though it's probably too late for me. GrrrrrrrrrrrrrrrrRRRRRRRRRRRRR

downhill · Post by **downhill** » Mon Feb 04, 2002 5:25 pm

Hi blebs99.....I've always done my own except once. I had sold a house, bought a new house, moved, and had recived some stock from my grandparents estate.......

I had that one done for me.

I do get a kick out of folk who file an EZ and hire it done.

brembo · Post by **brembo** » Mon Feb 04, 2002 6:14 pm

I do my own, that way the homicide will be justified. Heh, the EZ is well, easy. The 1040 is fine if ya keep track of EVERYTHING, and write down all yer totals in a manner you can access em. The easiest way to get screwed up, is try and figure out the logic behind and of it, its like a big connect the dots puzzle, just follow the directions, and double/triple check yerself on each step. Leave it alone for 3-4 days, and then go back and do em one more time, that way yer arse is covered.

thechemgeek · Post by **thechemgeek** » Mon Feb 04, 2002 6:22 pm

i couldn't, too complicated...well..for this year atleast. maybe next year. i took it to h&r block. it costs a bit, but it was worth it to seen them run around and scream at each other trying to figure out how to do my taxes.....for TWO hours. i got my moneys worth. heh

blebs · Post by **blebs** » Mon Feb 04, 2002 6:38 pm

Well after downloading tax act and running the numbers through, I still have to do an amended 1040x, but at least I know what I've done so far, isn't going to hurt me.

Corporations really tick me off when they send late forms! The whole reason why I waited until the 1st of Feb to mail it, was to be sure I recieved everything that was coming. Low and behold wouldn't you know it, a late form after I already mailed the darn thing in. I think I might just let someone else do it.

Brembo, your right, I've had to walk away and come back and then I get a completely different meaning out of what I'm reading and it's really messing with my head!

drdoug99 · Post by **drdoug99** » Mon Feb 04, 2002 7:04 pm

thanks for the tax act link blebbs.

I've done my taxes each year....mine's simple though, since i dont own a house or anything like that.

YARDofSTUF · Post by **YARDofSTUF** » Mon Feb 04, 2002 7:10 pm

mom does everyones here

CiscoKid · Post by **CiscoKid** » Mon Feb 04, 2002 7:34 pm

Originally posted by BMED
TurboTax 2001, my coworkers and I have a TTCD club!

Been using TurboTax Delux to do my dads taxes fro a few years now. ALWAYS works great!!!

Ken · Post by **Ken** » Mon Feb 04, 2002 7:46 pm

Originally posted by blebs99
I'm curious. I keep reading rules over until I thoroughly confuse myself to no end. I'm ready to throw in the towel and have someone else do them. Worse part, I thought I had them done and sent them in already, just to have a late form arrive today. Now I have to file a 1040X for Fed and State. Grrrrrrrrrrr

Blebs,
My CPA has to call for help on my taxes! hehehehehehh
I have a hard enough time just getting my books to him!

You can sure tell the people that get money back (file in January)
and the people that always have to pay (minimum extention til August!)

Did I mention that I hate the IRS?...

tr87526 · Post by **tr87526** » Mon Feb 04, 2002 9:24 pm

First time in my life I owe money, $411.00 to be exact. All because I got a gift(bonus) of $28000 this year from my employer. Usually I get $4000 back from the IRS. Oh well, $411 not that big of deal.

blebs · Post by **blebs** » Mon Feb 04, 2002 9:26 pm

Originally posted by Ken

Blebs,
My CPA has to call for help on my taxes! hehehehehehh
I have a hard enough time just getting my books to him!

You can sure tell the people that get money back (file in January)
and the people that always have to pay (minimum extention til August!)

Did I mention that I hate the IRS?...

Tell me, what's to like about the IRS?
I wish I could have just done a EZ form!!!

*Falls on floor in fetal position with middle finger extended*

I want to make some rules for the IRS to follow. I'll be sure to have them going from publication to publication and filling out all sorts of unnecessary worksheets, then have them write their results in the wrong darn columns.
Why? Because they can't give you a simple answer to a simple question!

Rainbow · Post by **Rainbow** » Mon Feb 04, 2002 9:29 pm

I always do mine...I use to be an accountant....so I can screw it up professionally *lol*

Rainbow

blebs · Post by **blebs** » Mon Feb 04, 2002 9:31 pm

Originally posted by Rainbow
I always do mine...I use to be an accountant....so I can screw it up professionally *lol*

Rainbow

Hey neighbor, what are you doing this weekend? J/K

Rainbow · Post by **Rainbow** » Mon Feb 04, 2002 9:34 pm

*l* Your a day late...I was in Youngstown yesterday helping My brother-in-law with his....

blebs · Post by **blebs** » Mon Feb 04, 2002 9:38 pm

Originally posted by Rainbow
*l* Your a day late...I was in Youngstown yesterday helping My brother-in-law with his....

Can't blame a man for trying.

Indy · Post by **Indy** » Mon Feb 04, 2002 10:46 pm

Already done and filed...I've done my own taxes for the last 17 years (ever since my first job in high school)...

This year, I used Turbo Tax for my federal, and used a secure web site to do my state taxes (which is how I did it last year - very easy to use)

blebs · Post by **blebs** » Mon Feb 04, 2002 10:55 pm

Would anyone care to explain this entry, found in Publication 17 page 95?

Illegal Income

Illegal Income, such as stolen or embezzeled funds, must be included in your income on Line 21 of Form 1040, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.

Did the IRS forget anybody? Not even the criminal escapes the Tax man!

Indy · Post by **Indy** » Mon Feb 04, 2002 10:58 pm

Originally posted by blebs99
Can Someone Explain this to me? Who, In their right mind, would report this?

Illegal Income

Illegal Income, such as stolen or embezzeled funds, must be included in your income on Line 21 of Form 1040, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.

lol, they put it there because there are people stupid enough to report it...

Sort of like the high school student who took a bag of heroin into a police station to get it tested because he thought he was getting ripped by his dealer...

blebs · Post by **blebs** » Mon Feb 04, 2002 11:00 pm

I can't help but laugh myself to death on that one!
Sorry Indy, had to redo some of the post. I'm not stupid and I sure made it sound like it. LOL

click_here · Post by **click_here** » Tue Feb 05, 2002 5:37 pm

Originally posted by blebs99
I'm curious. I keep reading rules over until I thoroughly confuse myself to no end. I'm ready to throw in the towel and have someone else do them. Worse part, I thought I had them done and sent them in already, just to have a late form arrive today. Now I have to file a 1040X for Fed and State. Grrrrrrrrrrr

I do,I use TaxCut and I e-file and get it deposited directly into my checking account in about a week(state & fed).I just did it last night as a matter of fact,and I bought TaxCut deluxe and I get a free state TaxCut and a free Money 2002( I have used MS money for several years) and I also get rebates on the e-filing so all I pay for all the software and filing is $20.00.

Annalysa · Post by **Annalysa** » Tue Feb 05, 2002 5:58 pm

My sister does my taxes I actually get money back

eddiec · Post by **eddiec** » Tue Feb 05, 2002 5:59 pm

Anybody see the episode of "Coach" when Luther did his own taxes? His refund was $486,000. He's doing mine next year.

IRS · Post by **IRS** » Tue Feb 05, 2002 11:01 pm

*looks around*

cant ya just feel the luv in this room....

have a good tax season... no no no, have a good night thats it

christine186 · Post by **christine186** » Tue Feb 05, 2002 11:08 pm

Your Tax Returns sound harder than mine.
I do mine, my friends, my parents, and anyone else that asks me.
I never have any problems and I do them by hand.
The good old fashion way.

Indy · Post by **Indy** » Tue Feb 05, 2002 11:15 pm

Did both my federal and my state this year in less than an hour...been doing my own taxes every year that I've been required to do them...

poptom · Post by **poptom** » Wed Feb 06, 2002 2:20 am

Originally posted by blebs99

Corporations really tick me off when they send late forms! and it's

If you have anything reportable on K-1 forms (partnerships and such), you won't get them until May.

blebs · Post by **blebs** » Wed Feb 06, 2002 5:48 am

Originally posted by poptom

If you have anything reportable on K-1 forms (partnerships and such), you won't get them until May.

I'll keep that in mind poptom. Unfortunately, this was a 1099-R from my wifes last job.

Suzie · Post by **Suzie** » Wed Feb 06, 2002 6:43 am

Hi blebs99

I've always done ours and then my sister checks it over. I always hate tax season unless I know we are getting money back. I'm still waiting for 2 T-4's before I can do ours.

blebs · Post by **blebs** » Wed Feb 06, 2002 9:20 am

Suzie · Post by **Suzie** » Wed Feb 06, 2002 11:27 am

Originally posted by blebs99

I see you are having fun with it

I know smart ***.

I wish I could help yah out but our income tax is probably alot differant than yours.

mnosteele52 · Post by **mnosteele52** » Wed Feb 06, 2002 11:45 am

Always do my own........... two words......... Turbo Tax.

mikemean · Post by **mikemean** » Wed Feb 06, 2002 11:50 am

Originally posted by mnosteele52
Turbo Tax.

Andrea · Post by **Andrea** » Wed Feb 06, 2002 1:31 pm

I do ours. I've always done them by hand, but was considering one of the programs this year - so I can e-file! (...got money coming back, give it to me now...)

ms_pammy · Post by **ms_pammy** » Wed Feb 06, 2002 5:39 pm

Been doing my own taxes and others since I was 18, used to do them the good ol fashion way, but for the last 3 years I use Turbo-tax for the web...it's quick & easy its also easy if you need to Amend them. If also helps that I'm in accounting.

Blebs....Did you figure out how to amend your taxes to fix the problem? If not how did you file them?

Pammy ((:

Stu · Post by **Stu** » Wed Feb 06, 2002 6:08 pm

I usually do my own taxes using Turbo Tax, but this year I used an accountant--I had a complex year (new house, capital gains, inheritance from multiple states, and some IRA issues) that I didn't think Turbo Tax could handle. So, paying $95.00 to get my taxes done in 30 minutes by an accountant didn't seem too unreasonable--especially since I ended up with a pretty big refund in the end.

rhcowles · Post by **rhcowles** » Wed Feb 06, 2002 7:05 pm

Have done my own the last few years using TaxCut and e-filing.
Real quick refunds using direct deposit.

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