posted by ernest_t_bassWhy do you wait so long to submit?
Sticking it to the man.
posted by ernest_t_bassWhy do you wait so long to submit?
Just like gut, I typically owe money in federal taxes.
posted by justincredibleMy wife takes care of ours. The concept of income taxes makes me angry so it's best that I don't do it.
How would you pay for roads!?
Our friends my mother is a cpa, so she does our for around $150. Mortgage, wife’s investments and mine. Plus all my per diem and write offs from traveling for work. I tried it on Turbo Tax the year we got married and almost broke my laptop out of anger after about an hour.
Used Turbo when I was single, and then did my wife’s when before we were married. But once we married it was too much for me lol
Do my own. Finish them in early February. File right away on years I get a return. Wait until April 15 on years I owe.
posted by Commander of Awesome
If you hire someone, why?
Because I'm not as smart as you, apparently.
I do like to wait, though, to "stick it to the man".
posted by BRFBecause I'm not as smart as you, apparently.
Well... yeah.
I filed mine the first of the month with HR Block and already have both returns back. Married, renting, both had two jobs, but not much else to include at this point.
I did mine online using TurboTax at the start of the month and got both Fed and State refunds back Friday.
Got the first pass done last weekend, will double check them this weekend and get them in. I'm probably 3-4 weeks ahead of my usual.
I'm sure I'll get around to them in April or so. Shit like that isn't my top, second or umpteenth priority on any given day, since I owe federal and what I get back state-wise doesn't remotely cover that.
posted by AutomatikBtw, I use FreeTaxUSA.
Cost a whole $11.65.
I didn't try FreeTaxUSA, but I went through the process using TaxSlayer (the highest rated of the cheaper tax programs on NerdWallet) and TurboTax today. TurboTax ended up getting my ~$400 more back in my return (SMH at myself, I need to update my deductions). So it was worth paying the extra $$$ for turbotax. Each took me ~45 min or so on Turbo Tax and ~15 min on TaxSlayer.
I'm single, don't own a home but I do have a complicated situation. I was worried I was going to get fucked by AMT but thankfully I didn't, and looks like starting in 2018 roughly only 4% of ppl who had to pay AMT in 2016 would have to pay.
Does the tax reform still have the alpaca tax loophole? A former coworker of mine did it.
posted by like_thatDoes the tax reform still have the alpaca tax loophole? A former coworker of mine did it.
I don't know what this is, is it a well known hole?
posted by Commander of AwesomeI don't know what this is, is it a well known hole?
They do it all over Florida, too. Put a few cows to graze on your land and then get favorable tax treatment classifying it as a farm. You don't even have to own the cows!
But they are state property tax deductions, meaning if you lower your state property tax you were actually paying MORE federal tax. Not sure why a Senator is whining about this, especially now that your total state tax deductions are capped at $10k.
Just did ours on Saturday. First time using FreeTaxUSA, so thanks for that recommendation! Helped a former player of mine do his at the same time.
Ended up costing me $23 and some change -- $11.95 for the service and did two states since we moved, then found a 10% coupon for it. No complaints at all.