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Tax Preparation and Filing

Last post 02-09-2008 6:37 AM by Brandy. 28 replies.
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  • 01-23-2008 8:44 AM In reply to

    • Brandy
    • Top 10 Contributor
    • Joined on 03-28-2007
    • Saving in South Louisiana
    • Posts 8,123

    Re: Tax Preparation and Filing

     Has anyone ever tried Taxact? I read that it is cheaper than Turbotax but I am not sure that it would do all that I need.

     

    Your Dollar Stretching Assistant Community Moderator and Officially Recognized Stretchpert in Homeschooling




    "For the sole true end of education is simply this: to teach men how to learn for themselves; and whatever instruction fails to do this is effort spent in vain."- Dorothy Sayers

  • 01-28-2008 8:01 PM In reply to

    Re: Tax Preparation and Filing

     We use a tax professional because we have several sources of income.  My husband has a regular job.  I am self employed and have a home business.  This can be a mess at tax time.

  • 01-28-2008 11:24 PM In reply to

    Re: Tax Preparation and Filing

    Brandy-

    With your income I think you might be able to Turbotax online for free- if I were you I'd try- I did my sister's a few years for free.

     

    Tracy
    Don't you stay at home of evenings? Don'i you love a cushioned seat in a corner, by the fireside, with your slippers on your feet?
    Oliver Wendell Holmes


    http://tracybenson.blogspot.com/
  • 01-29-2008 9:24 AM In reply to

    • Brandy
    • Top 10 Contributor
    • Joined on 03-28-2007
    • Saving in South Louisiana
    • Posts 8,123

    Re: Tax Preparation and Filing

     Tracy,

    I can't use the 1040 EZ forms which are the ones used for the free program. Frank and I are both considered self-employed. We need the forms for work expenses and self-employment taxes. I also want to use the program to start a file for projected taxes for 2008 so I can be sure we are on track for tax payments through the year. I realise this wouldn't be 100% accurate as tax laws and amounts change each year but I think it would help me to be close enough not to run into any shocking problems.


     

    Your Dollar Stretching Assistant Community Moderator and Officially Recognized Stretchpert in Homeschooling




    "For the sole true end of education is simply this: to teach men how to learn for themselves; and whatever instruction fails to do this is effort spent in vain."- Dorothy Sayers

  • 01-29-2008 3:29 PM In reply to

    Re: Tax Preparation and Filing

     I use Turbotax.

  • 01-29-2008 8:04 PM In reply to

    Re: Tax Preparation and Filing

     Brandy- maybe you can find someone in the know- an accountant- mama's job? to ask which is best- I trust turbotax, I don't know anything about Taxact.

    Good luck.  Someone posted on here who works for tax prep, maybe they have an opinion? 

    Tracy
    Don't you stay at home of evenings? Don'i you love a cushioned seat in a corner, by the fireside, with your slippers on your feet?
    Oliver Wendell Holmes


    http://tracybenson.blogspot.com/
  • 02-06-2008 7:35 PM In reply to

    • kgalea
    • Top 500 Contributor
    • Joined on 01-03-2008
    • San Francisco
    • Posts 32

    Re: Tax Preparation and Filing

    I used Turbo Tax last year, but this year, I don't have the money for it.

     I live in San Francisco and there are several programs for people who make under $40K to get their taxes done for free.  I found one at City College that I am going to on the 13th. Yay!

     I really hope I get some mula back!

     

  • 02-06-2008 11:37 PM In reply to

    Re: Tax Preparation and Filing

    I've just done a quick preliminary run thru of our taxes and am in shock.  We knew we'd have to pay a penalty for the first part of retirement we took last year and had put that back, but we were not prepared for having to pay a penalty on my monthly checks for the next 12 years!  That bites!  And it's MY money anyway!

    re-tired

  • 02-09-2008 6:37 AM In reply to

    • Brandy
    • Top 10 Contributor
    • Joined on 03-28-2007
    • Saving in South Louisiana
    • Posts 8,123

    Re: Tax Preparation and Filing

     We are still waiting for two 1099s to come in. Grr.

     

    Your Dollar Stretching Assistant Community Moderator and Officially Recognized Stretchpert in Homeschooling




    "For the sole true end of education is simply this: to teach men how to learn for themselves; and whatever instruction fails to do this is effort spent in vain."- Dorothy Sayers

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