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Who does their own taxes?

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Old Feb 23, 2004 | 02:16 PM
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JerseyGirl's Avatar
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Default Who does their own taxes?

I'm thinking about doing our income taxes this year. How hard/involved is it? Would it be worth the $$$ to have an accountant do it?

Thanks!

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Old Feb 23, 2004 | 02:58 PM
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I do...but keep in mind that I don't really have very many investments making me gobs of money, so mine are relatively easy. The hardest things I have to contend with for my taxes are my ESPP (Employee Stock Purchase Program) and stock option sales. Beyond that, it's all very straightforward. I don't know how much more complicated it becomes if you have other investments and assets making you money.

Personally, I don't find the process that hard, but it's kind of annoying and takes some time. A few beers always helps me through it.
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Old Feb 23, 2004 | 03:02 PM
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if you rent....most people just have w-2's, a little interest income.......

if you own a home with a mortgage - w2's, interest income, and itemized deductions (which is fairly complex for a newbie).....

if you are itemizing your deductions, go get turbo tax for $30.00 and let the computer figure it out.... they have an interview process where it asks you questions.... fairly straight forward and well worth the investment......
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Old Feb 23, 2004 | 03:18 PM
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Off subject, Is that your dog in the avatar? Great pic
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Old Feb 23, 2004 | 03:45 PM
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[QUOTE]Originally posted by S2KDudeRick

Off subject, Is that you dog in the avatar? Great pic
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Old Feb 23, 2004 | 04:25 PM
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turbotax.com
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Old Feb 23, 2004 | 06:27 PM
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Agree with Turbotax. It is very intuitive to use as it asks you questions and you just fill in the blanks. It then maps your answers to the correct form(s). As an additional benefit it also lets you e-file.
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Old Feb 24, 2004 | 06:11 AM
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Turbotax.com is definitely the way to go. 20 bucks and I had my refund direct deposited in 9 days. Very easy to use and all your personal info/employer info etc. are retained from year to year making it very easy and quick if you don't change address, bank or jobs from one year to the next.
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Old Feb 24, 2004 | 06:17 AM
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We have investment property, retirement accounts etc..
TurboTax makes it very easy. It dosen't take any longer than getting your info together and typing it in. Saves you hundreds of $$$ by not having to go to an accountant. We have been using it since '99, never had any problems with our returns.
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Old Feb 24, 2004 | 07:35 AM
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not me.
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