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Do you do your own taxes?
I am just working on my 2016 taxes. It is certainly an interesting venture and something I take my time over. Two more months to complete it. You US guys have a different tax year I think.
I use Turbotax and have had to use override a couple of times. I think by pounding out the numbers it helps to understand the tax system better and where the money goes. If this is too much govermint for you so be it. Turbotax is actually quite impressive. They are coming out with more features each year to make life easier.... |
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03-03-2017, 11:22 AM
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Join Date: Mar 2003
Posts: 10,309
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Turbo Tax online, and it is tax season for us as well. I filed Monday night.
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03-03-2017, 11:27 AM
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Join Date: Jul 2004
Location: Maryland
Posts: 31,382
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Preparing for doing my own taxes (I use Turbo Tax) is key. Record keeping is the foundation.
I also do not hesitate to call in the pros when I have issues or need help. They are worth every penny.
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1996 FJ80. |
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03-03-2017, 11:32 AM
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Too big to fail
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I used to, until I got married. My wife has "a guy" that's a friend of her dad's, so we use him. Not something I wanted to fight over.
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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03-03-2017, 11:36 AM
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Get off my lawn!
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I have done my own taxes since the days of my Commodore 64. That was a lot of work back then.
TurboTax is pretty easy. I just got to Amazon.Com and download the Deluxe version that comes with a free state version. I download it and do it on my computer and keep that file on my system. I do not do the cloud or on line bit. Too much hacking of cloud based stuff for my tastes. Buying from Amazon is way cheaper than getting it from Intuit directly for some reason.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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03-03-2017, 11:40 AM
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entertaining the idea
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I do my own every year. My taxes aren't that complicated so I use one of the free online providers. No complaints so far. Already got my return last week.
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There are some who call me... 'Tim'. a well set-up 1983 Guards Red 944 |
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03-03-2017, 11:50 AM
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Platinum Member
Join Date: Jul 2001
Location: Leave the gun. Take the cannoli.
Posts: 20,886
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Nope. Don't do bills either. Smartest (luckiest?) thing I ever did was marrying a CPA.
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Politics is in the eye of the beholder - Rodney Dangerfield |
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03-03-2017, 11:55 AM
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Join Date: Jun 2000
Location: bottom left corner of the world
Posts: 22,687
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Yesterday, and the day before actually. I compile all my invoices with date and who they are from from, bank charges etc, on a number of spreadsheets. Then print them and hand it in to the tax accountant. So in other words I do the cheap labor and he does the specialist work. I see no reason to be paying accountant fees for the easy stuff I can do.
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03-03-2017, 12:02 PM
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I would have no idea how to do my taxes. I have a C corp and 4 LLCs, LLPswith partners, K-1s etc, etc. It would take a full time job just to learn how to do my taxes.
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03-03-2017, 12:11 PM
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my wife does.
i just stand by looking good ready to dab her forehead with a damp cloth.
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poof! gone |
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03-03-2017, 12:32 PM
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Registered
Join Date: Jul 2004
Location: Maryland
Posts: 31,382
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Quote:
The accountants provide me with the data I need to do my own personal taxes. Wouldn't have it any other way.
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1996 FJ80. |
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03-03-2017, 12:38 PM
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Join Date: Jan 2001
Location: So. Cal.
Posts: 9,097
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Turbo Tax works fine for me. After retirement, I did everything I could to simplify my tax situation. I filed on 2/6 & got my refunds around 2/23. I still need to tweak it so I will get the smallest refund I can manage.
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Marv Evans '69 911E |
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03-03-2017, 12:42 PM
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The Unsettler
Join Date: Dec 2002
Location: Lantanna TX
Posts: 23,885
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Been using the same guy for 20+ years now.
Not sure what I'll do when he finally retires for good. My SIL used to do her own, then her boyfriend at the time, finance guy, did them for a bit. She always complained about how much she had to pay. One year we convinced her to use our guy. She comes by the house when he's supposed to come by to do ours. He ends up getting delayed by an unexpected complication with the client he was with. She gets all bent out of shape "how unprofessional, blah, blah....) Told her if she had to go she should leave her stuff and it would get taken care of. He comes, does both our taxes, makes some comments about how poorly her previous returns were prepared then leaves. I call her and tell her "you're done", she asks, "how much?" I said roughly $10k. She flips out, she's never had to pay that much before, my guy sucks, she's not paying him. I said you don't understand, you don't owe anything, you are getting $10k back. Long silence followed by "next year he can be as late as he wants to be"
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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03-03-2017, 12:44 PM
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Join Date: Aug 2002
Location: MD
Posts: 5,733
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Thanks for the reminder, I need to knock it out. I screwed up a few stock sales and struggled over a k1 a few times but turbo tax usually makes it straight forward. We all look at it differently, I figure most of the work is compiling the records and only I can do that.
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03-03-2017, 12:55 PM
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Join Date: Oct 2004
Location: CA
Posts: 5,837
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The minute you start having a retirement account, IRAs, investments, it become absolutely mind boggling. I wouldn't have the first clue anymore. If anything good comes out of these next 4 years it might be a tax code reform...
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03-03-2017, 01:24 PM
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Driver, not Mechanic
Join Date: May 2013
Location: SF Bay Area
Posts: 2,998
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TurboTax for me. But I don't own any business or have any registered LLCs. No rentals either. Apart from stocks and options, everything is pretty straightforward.
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03-03-2017, 01:27 PM
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Get off my lawn!
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Quote:
Yea yo can. Load up turbo tax. It asks you all the questions. Just answer the questions.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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03-03-2017, 03:29 PM
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Recreational Mechanic
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6 LLC's and two general partnerships...No way for me!
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P Cars: 2022 Macan GTS / One empty garage space ---- Other cars: 2019 Golf R 6MT / 2021 F-250 Diesel / 2024 Toyota GR86 6MT ---- Gone: 1997 Spec Boxster Race Car, 2020 GT4, 2004 GT3, 2003 Carrera, 1982 911SC, 2005 Lotus Elise and lots of other non-Porsches PCA National DE Instructor #202106053 / PCA Club Racing / WRL Endurance Racing |
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03-03-2017, 04:45 PM
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Registered
Join Date: Jul 2001
Location: Lawrenceville GA 30045
Posts: 7,376
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Turbo Tax user here - been using it for past ten or more years- maybe 20?
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Mark '83 SC Targa - since 5/5/2001 '06 911 S Aerokit - from 5/2/2016 to 11/14/2018 '11 911 S w/PDK - from 7/2/2021 to ??? Last edited by MBAtarga; 03-03-2017 at 06:42 PM.. |
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03-03-2017, 04:59 PM
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Quote:
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03-03-2017, 04:59 PM
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Lexus RX350
Carrera
1983 Porsche 944 2.5L
911SC 3.0
