Ok, I have always done my own taxes. Even with two side businesses I never found it that difficult and actually took a little pride in doing it. I have it down to maybe 3-4 hours and I'm happy.
Well anyway I spoke to a few guys this year that have theirs done just to compare results..........HOLY CRAP!!
These accountants have HUGE balls. H&R Block told one of my buddies he could write of the entire cost of his popup camper because he opens it up and lets the kids play in it! (his wife does daycare). He wrote off his underground sprinkling, all home improvements, etc.... In the end, a couple who gross near $100k a year ended up getting EITC of $1,500!! For those that don't know what that means, he got everything he paid back AND a check from you and me for $1,500 cause he is so poor???!!!????
Another buddy frames houses as a sub contractor. He described hi interview with an accountant as:
ACC- So do you use your truck for work, if so what percent? How many miles, and any repairs?
Buddy- Yes, 35%-40%, 18k miles, and maybe $600 in repairs.
ACC- Ok, so we have 60%, 26k miles, and $1,450 in repairs. Now moving on to your home office......
Sweet ass guys is this how it really goes? I have gotten roughly the same story from 3 people.