Done with your taxes yet?

[Dawg52]

I won't get my final k-1 statement from my former company until around April first. I'll start rummaging through everything in March.

[LOL!]

Maurice, thanks for the response. That does clarify things quite a bit. I do a little consulting on the side, so I know that business-related expenses can be daunting/intimidating and that one can be aggressive or not.

[maddythebeagle]

I am also not going to file until April after having experience with updated 1099s on dividends about every year...I estimate in early Dec. to make sure to make some year end moves, though...

[Sandy]

Quote:

Originally Posted by Dawg52 I won't get my final k-1 statement from my former company until around April first. I'll start rummaging through everything in March.

I also have to wait for a late k-1 related to a small investment.

I pull everything together before then and am ready to go. I used to do my own taxes, but when I had to start messing with AMT, even though I never owe it, I threw in the towel and let my brother handle it - a CPA I trust completely.

[CCdaCE]

I started mine in TurboTax, but apparently they don't have the new AMT fix worked into their software yet. T. Tax software says to wait until Jan 15 or something until you can download the updated forms, and they can spit out the final numbers. Obviously, I don't have any W-2's, or 1099's or any of that, but I went off of paystubs and estimates based on last year. AMT says I owe 950, Turbo says I get a 1250 refund. So, if any of that is right, I hope the AMT thingy gets fixed "permanently". Pffft. Politicians.

This was after receiving a similar refund last year, and adjusting so I'd get closer to 0 refund. It's nice to know whether I can throw in an extra 3 day fishin' trip or something, though, when I wasn't expecting it.

-CC

[tulak]

I picked up a copy of turbo tax last week and ran the numbers. I was also hit by the AMT issue and spent all evening playing around with estimates to see what are tax hit is this year. Because of the AMT issue, I actually had to fill out the forms myself with the correct exemption to see if we'll have to pay AMT. Fortunately, it looks like we won't.

I'll be happy when I'm done with taxes this year. It's been a bit of a nightmare, since both of us are now working and I did a bunch of selling to rebuild our portfolio. Fortunately, future tax years should be much simpler.

[Ronstar]

I'll have to wait until March when I get the W2's, K-1's, 1099's, etc. Then I'll give to our accountant to do. I may get turbotax or something else first to get a rough idea where I stand.

[BUM]

I hate tax time. Fed and state returns for both biz and personal... I'll go through 1 or 2 ink cartridges, couple hundred sheets of paper and gallons of coffee before I call it quits.

[OAG]

All done, just waiting for the final version of Tax Act and, of course, all the 1099's. Nice to see most banks and brokerages now have provided on-line downloads of the forms. Of course not all have but it is a step in the right direction. Usually, have the withholding figured so that I owe them some money, but near end of year puttering almost always makes a refund -- this year close but still a $306 refund. Also, I want to be accurate and punctual as one Son works for IRS.