CommunityBrowse groupsBlogEtiquetteInvite Your friendsSuccess Stories



Just curious, how do you do your taxes? Do you use a professional preparer? A software package? By hand on paper?

I'll start... I'm using a software package this weekend.

Sat. Mar 31, 6:46pm

Add comment  
Online. Done in January. No need to worry about them =)

Saturday, March 31, 2007, 7:18 PM

Add comment
My CPA is the best $200 I spend all year (I'm self-employed) -- he'd be a bargain at twice that price.

Saturday, March 31, 2007, 8:42 PM

Add comment
Tax software

I use My brother is a financial analyst and he recommended it to me. The best thing is you get a discount the second year you use it if you write down your login and password. I spent 13.95 on doing my own taxes, not hard once you get the hang of it.

Sunday, April 01, 2007, 4:49 PM

Add comment
Online & the programs you buy to do it yourself are only as good as the person DOING the tax return(s). They're okay for very basic, simple returns, but as soon as you get into *any* amount of complexity, you open yourself to errors, and not claiming deductions you could be entitled to.

If you use them, read EVERY line on the main part of the tax return. Who knows what you could be missing out on.

(There is a reason we professional tax preparers are in business -- not just to take your money (but that is good too, lol), but because the tax laws are complex, and changing every year.)

But watch out for the fly-by-night operations that disappear the day after the tax season ends. The big chains hire untrained button pushers, and the little guys are often those who can do their own returns, and think they can make a few fast bucks but doing others' too. Usually they don't know the more complex tax laws either, and they are GONE when it comes time later for audit support.

Sunday, April 01, 2007, 6:44 PM

Add comment
When my parents' tax circumstances changed (bankruptcy, self-employment, stockmarket losses, etc), they paid a pro to do them for one season. My mom then "forensically" figured out based on that one set of returns how to prepare her own for several years after that. Another one of her favorite tricks is to use the accountancy students who prepare taxes for free at the county library to doublecheck her work.

Sunday, April 01, 2007, 7:54 PM

Add comment
Tax product

I use Quick Tax. It is easy and it checks for errors before you complete your return and checks for more deductions. You can also acess previous years when you use this product. You can use this product to efile your return as well as investments and retirement.


Sunday, April 01, 2007, 8:28 PM

Add comment
I use Turbotax (PC software, not online), somewhat grumpily. I would feel confident doing the whole return with pencil and paper, and did that for many years before PC tax software came along. But the software is a big time saver in dealing with AMT, carryforwards, long Schedule D's, etc.
This is my 32nd self-prepared return. My parents always did their own, and I was expected to help beginning when I was 11. By about 14 or 15, I did their returns and they just checked them before they signed. At the time, I thought this was normal. It wasn't until college that I learned that about half the population has no clear idea what's going on with their money.
I guess I have to reluctantly go along with the tax pro's comment above, though. I know the rules for my situations because I follow them from year to year, and rarely have more than one totally new area to pick up in a year. Tracking the changes isn't that hard when you know what you're going to be concerned about. If you have to cover the waterfront, so to speak, doing returns for random people, you'd have to put more time into it and sign up for the kinds of publications and seminars that help you track everything at once.
Aptitude matters too, and probably some of that is genetic. My parents both seemed to have the math and the comprehension of rules, and I got it too, without a conscious effort.

Sunday, April 01, 2007, 9:59 PM

Add comment
Child tax labor - 9:59, your parents are BRILLIANT!!

Sunday, April 01, 2007, 10:15 PM

Add comment
trubo tax - online

mine were done in january, too! and the tax return's already been spent! : )

Tuesday, April 03, 2007, 2:49 PM

Add comment

Related Content:

How To Lose Weight- The Basics
Weight Watchers Points System
The Fat Smash Diet
The Eat To Live Diet
The Beck Diet Solution
How To Get The Motivation To Lose Weight


How To Be Successful Using PEERtrainer

How To Burn Fat
Online Weight Loss Support- How It Works
Does Green Tea Help You Lose Weight?
Tips On Using PEERtrainer
Visit The PEERtrainer Community
Diet and Fitness Resources


Weight Watchers Meetings
Learning To Inspire Others: You Already Are
Writing Down Your Daily Workouts
Spending Money On A Personal Trainer?
How I Became A Marathon Runner


Preventive Health

How To Prevent Injuries During Your Workout
Flu Season: Should You Take The Flu Shot?
Are You Really Ready To Start PEERtrainer?
Super Foods That Can Boost Your Energy
Reversing Disease Through Nutrition

New Diet and Fitness Articles:

Weight Watchers Points Plus
How To Adjust Your Body To Exercise
New: Weight Watchers Momentum Program
New: PEERtrainer Blog Archive
Review Of The New Weight Watchers Momentum Program

Weight Loss Motivation by Joshua Wayne:

Why Simple Goal Setting Is Not Enough
How To Delay Short Term Gratification
How To Stay Motivated
How To Exercise With A Busy Schedule

Real World Nutrition and Fitness Questions

Can Weight Lifting Help You Lose Weight?
Are Protein Drinks Safe?
Nutrition As Medicine?

Everyday Weight Loss Tips

How To Eat Healthy At A Party
How To Eat Out And Still Lose Weight
The Three Bite Rule
Tips On How To Stop A Binge