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Income Tax Preparation

Income Tax Preparation 43 members have voted

  1. 1. Income Tax Preparation

    • I prepare my own taxes, by hand, paper and pencil
      4%
      2
    • I prepare my own taxes, using software (online or on my PC)
      58%
      25
    • I have a friend/family member prepare my taxes for free
      6%
      3
    • I use one of the chain tax preparation firms (H&R Block, Jackson Hewitt, etc)
      0%
      0
    • I go to an independent local tax preparer (Accountant, CPA, etc)
      30%
      13
    • I use a free tax service like the IRS VITA program
      0%
      0
    • Other
      0%
      0

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Featured Replies

That's not true for everyone. I've paid less when having mine prepared by someone as opposed to Turbo Tax. I always hated the price Turbo Tax would say it costs and how much it actually cost after you finished on Turbo Tax. I'd much rather pay someone else to do it if the cost is the same or less.

 

Just the processing and printing fees are generally more expensive than Turbo Tax if you have them done by a firm. Obviously not true everywhere, but in most instances it hold true.

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Just the processing and printing fees are generally more expensive than Turbo Tax if you have them done by a firm. Obviously not true everywhere, but in most instances it hold true.

 

 

I haven't noticed any difference in the cost since I made the switch to having experts doing my taxes and the last two years it has been cheaper not using Turbo Tax. I hate Turbo Tax. Hate it.

I haven't noticed any difference in the cost since I made the switch to having experts doing my taxes and the last two years it has been cheaper not using Turbo Tax. I hate Turbo Tax. Hate it.

 

That's a heck of a find then.

 

Where I worked previously, it was pretty much a bare-minimum of $200-$250, for even the most basic returns.

That's not true for everyone. I've paid less when having mine prepared by someone as opposed to Turbo Tax. I always hated the price Turbo Tax would say it costs and how much it actually cost after you finished on Turbo Tax. I'd much rather pay someone else to do it if the cost is the same or less.

 

I'm sure that is the case sometimes but like Clyde said for about 80% of people it's really simple to do and the accountant I used to have do them charged me $200-$250 and my return isn't hard. Seems a bit crazy for something I did in 30 minutes. I can do TT for less than $100.

What? Your taxes would take 10 minutes to do.

 

1) I have no idea how to do my taxes.

2) There is quite a bit I have to file for with multiple jobs, school, bank stuff and what not.

3) My fee with the tax preparer is not very expensive.

Turbo Tax

 

Takes under 30 minutes and it costs under $75

1) I have no idea how to do my taxes.

2) There is quite a bit I have to file for with multiple jobs, school, bank stuff and what not.

3) My fee with the tax preparer is not very expensive.

 

I hear you. We all have things we pay others to do. Mine is plumbing.

I'm sure that is the case sometimes but like Clyde said for about 80% of people it's really simple to do and the accountant I used to have do them charged me $200-$250 and my return isn't hard. Seems a bit crazy for something I did in 30 minutes. I can do TT for less than $100.

 

I always paid more than 100 for Turbo Tax. Even when I tried to do the most basic for 49.99 it always ended up over 100 bucks.

 

Hate them.

I do them myself using TurboTax. It makes me feel like I got something of value from that college Accounting minor. I also own a business, so I have to fill out a Schedule C. No big deal, because I keep good records throughout the year by the Schedule C expense category so it is a snap to enter the numbers into the software later.

I did my own by hand until last year. Once I got married and we took on all the school loans for the wife to go to med school I decided it was time to have them prepared for me. I go the local independent route.

I always paid more than 100 for Turbo Tax. Even when I tried to do the most basic for 49.99 it always ended up over 100 bucks.

 

Hate them.

What? How is that?

I've always done my own. I got a free version of Tax Cut (H&R Blocks software) and I've been using it ever since. It takes me about 1 hour to do mine and besides my regular job, I have two paid coaching positions, a small business and my wife is self employed. Two of kids also work. Tax Cut costs me $80 (I get the premium + business version) plus $20 to file the state. I can't imaging doing taxes by paper anymore, unless you are just a kid with a part time job.

I've always done my own. This is probably the last year. Time is money and I'll gladly pay to spend some time in March being able to do actual work instead of going through all my dumb business expenses and figuring out everything. I keep all my records through computer accounting software and and I've already hired someone to start managing tax things for 2015. Between quarterlies and the annoyance of filing for the end of the year, I'm about sick of it all.

I've always done my own. This is probably the last year. Time is money and I'll gladly pay to spend some time in March being able to do actual work instead of going through all my dumb business expenses and figuring out everything. I keep all my records through computer accounting software and and I've already hired someone to start managing tax things for 2015. Between quarterlies and the annoyance of filing for the end of the year, I'm about sick of it all.

 

If I were in your shoes as a one-man business I'd do the same.

Here is a picture of mcpapa's first tax return...

 

Plimpton_322.jpg

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