It’s a PITA. I started using an accountant about 12 years ago when, through a series of corporate acquisitions that I had nothing to do with, I found myself holding stock in a foreign corporation, and paying taxes to another country on the dividends paid for those shares. This brought in all sorts of new Forms and Schedules and Worksheets with an Instruction Book for completing each one. I have no doubt that I am paying less in taxes than I would be if I was still doing them myself. Whether that’s enough to offset what I have to pay the accountant for his services is an open question. But what is the price of the aggravation I’m spared? This is vastly preferable. I have to get him a set of information before the end of February, and then he takes care of it. All I have to do is read the returns, sign them, and either write or cash checks. He does all the electronic filing and record-keeping. He tells me what payments I need to make, when, and to whom for taxes during the year. This works very well for me.
Once a year, I visit my favorite tax preparer. We catch up on what’s happened over the last year and in about an hour and a half, all done. No pain at all. Worth the fee to not have to deal with all the paperwork.
It takes me a little extra time since I inherited half of a farm from my wife. Before I could just enter the two numbers on the form into the spaces on the internet form and press enter. Now I have to open another window and write ‘ingen verksamhet’ (no business) and a couple of zeroes. So now it takes me about 3 minutes instead of 10 seconds.
The IRS can tell when I owe vs when they owe me. When they owe me, I file my taxes the second I get my W2 and all other documents (usually by the end of Jan). But if I owe them, I wait until the last possible moment to file.
C over 2 years ago
Taxing isn’t it?
Ratkin Premium Member over 2 years ago
Do it fIRSt.
Zykoic over 2 years ago
You must report all income, including illegal income. Doesn’t that violate your fifth amendment rights? Just wondering……
eromlig over 2 years ago
So avoid one Inevitable by concentrating on the other?
Liverlips McCracken Premium Member over 2 years ago
It’s a PITA. I started using an accountant about 12 years ago when, through a series of corporate acquisitions that I had nothing to do with, I found myself holding stock in a foreign corporation, and paying taxes to another country on the dividends paid for those shares. This brought in all sorts of new Forms and Schedules and Worksheets with an Instruction Book for completing each one. I have no doubt that I am paying less in taxes than I would be if I was still doing them myself. Whether that’s enough to offset what I have to pay the accountant for his services is an open question. But what is the price of the aggravation I’m spared? This is vastly preferable. I have to get him a set of information before the end of February, and then he takes care of it. All I have to do is read the returns, sign them, and either write or cash checks. He does all the electronic filing and record-keeping. He tells me what payments I need to make, when, and to whom for taxes during the year. This works very well for me.
whahoppened over 2 years ago
At least you know where you’re going. Not everyone can say that!
Jeff0811 over 2 years ago
Just did ours yesterday, for a change we did them early rather than wait and rush through them 30 days from now.
A Common 'tator over 2 years ago
Instead of being full of porn and dating sites, my Spam folder is now full of funeral homes and retirement benefits…
NeedaChuckle Premium Member over 2 years ago
Once a year, I visit my favorite tax preparer. We catch up on what’s happened over the last year and in about an hour and a half, all done. No pain at all. Worth the fee to not have to deal with all the paperwork.
HOTLOTUS1 over 2 years ago
move to a different country
bunwarpgazoo Premium Member over 2 years ago
It takes me a little extra time since I inherited half of a farm from my wife. Before I could just enter the two numbers on the form into the spaces on the internet form and press enter. Now I have to open another window and write ‘ingen verksamhet’ (no business) and a couple of zeroes. So now it takes me about 3 minutes instead of 10 seconds.
Moonkey Premium Member over 2 years ago
She could take care of it herself.
paranormal over 2 years ago
Just think of being cremated…
Nicole ♫ ⊱✿ ◕‿◕✿⊰♫ Premium Member over 2 years ago
The IRS can tell when I owe vs when they owe me. When they owe me, I file my taxes the second I get my W2 and all other documents (usually by the end of Jan). But if I owe them, I wait until the last possible moment to file.