 If I earned less than $5 interest on my savings account should I amend my return if I forgot to report it? |
| My 1099int was online and I didn't think to look for it before I filed. Now I realize that I have less than $5 interest income that I did not include on my return. Should I amend the return, ... |
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 If i deposit $25,000 into a bank account from online gambling winnings, will it be audited by the irs? |
| i placed a $170 wager online for a team to win the championship, and the payout is $25,000 if they win it all. it might be unlikely, but if i do win will the large deposit draw the attention of the ... |
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 Will I get $300 or $600 tax rebate check? |
| i earned $8919.58 in income, over $700 taken out in federal tax. I received my tax refund check and it was about $680 so I only paid roughly $20 in taxes. Will I get $600 because over $700 was taxed ... |
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 Can an American open a bank account in Canada? |
| I'm married to a Canadian and just moved to Canada. I don't have a Canadian tax ID. But I'd like to open a Canadian checking account. Thanks.... |
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 Do I have to file jointly if I haven't changed my name with ssn.? |
| I just got married and didn't change my name. How should i file my taxes?... |
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 Can I get more in my stimulus check because I had twins in March? |
| I know the economic stimulus checks are based on 2007 tax returns, but I had twins in March which would mean $300 more per child. Is there anyway I could contact someone and get the extra money or ... |
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 15 yr old son workin 20 hrs/wk gets paid $100 wkly- no taxes withheld but soc.security- will get w2-god or bad |
| just told he will get a w2 at end of yr- only withholding is s ocial security- He will have to pay in right?? he will work 12 months out of the yr at about 20 hrs a which he nets about $100 a wk- ... |
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 What do I do, I supported my kids ALL year and their other parent claimed them on her taxes- mine rejected? |
| My ex-husband claimed his two kids on his taxes this year and the return was rejected because their biological mom claimed them first. The thing is she hasn't given even a dollar in the past 9 ... |
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 Do you understand the W-4 form well? Well help me understand how mine should be filled out. Please read detail |
Well, here is my situation. I am not married yet, but living with my g'f and our dog, Charlie.
We divide the bills, and we have no children. I do not pay child support or get food stamps ... |
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 If two individuals are not legally married can they file under the married filing joint status? |
| Federal income taxes. There are some couples that I know that are married in their religion and they live together but they haven't legalized their marriage in California (the state they reside ... |
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ghettochick | Is it worth paying someone to do your taxes.? |
Me and some of my coworkers were talking about taxes today. And they were telling me that its better to pay someone to do your taxes because they will find out everything you can get money for. But I was like why pay someone to do them when I can go to a place and get them done for free. And they said that even if you pay someone to do them you still get more out of it and you can write it off on the next years tax. |
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Judy1
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Sometimes it's worth it. It depends mostly on how complex your taxes are.
If nobody makes a mistake, on a reasonably straightforward return any preparer will come up with the same numbers - there aren't a lot of gray areas there.
If you itemize, yes you can write the cost off on next year's return - but that doesn't mean you get all your money back. For example, if you pay $100 to get your return done, and are in the 15% bracket, then next year you'll save $15 on your taxes if you itemize - if you don't itemize, you get NO benefit. |
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Gorzar
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The worth depends on your circumstances, so only you will be able to answer for sure.
I can say that in my experience, having my taxes done professionally has been worth it. My accountant usually lowers my tax bill (legally) more than the fee he charges me. This is compared to a return prepared using TurboTax.
I'm sure the TurboTax people wouldn't be happy to hear me say that, and I'll make it clear that my personal circumstances probably don't reflect anyone else's. |
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frichalf
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It depends on the person really, if you CAN itemize, you can add a bunch of little stuff, like paying someone to do your return, but if you don't have stocks, mortgages, business expenses and such. If you are a simpleton, go to a VITA center near you, they are free and trained by the IRS. |
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Michael R
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Sometimes people that file themselves miss out on a few things... It's like insurance.. Willing to pay someone to do your taxes even though you might not get anything out of it... Really your call. They might save you $100 and charge you $80 to do it.. So it really saved you $20. Who's knows.
Also you can write off what you paid a tax preparer...
I charge an average of $35... If I can't beat turbo tax I have to join them! |
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RANDALL M
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I think the simplier ones do not warrant a professional. They are simple enough to figure out on your own. However, as the complexity increases, you may want to consider getting help. For one thing, is your time worth doing all the research and reading and figuring what you can and cannot do. Professionals do keep up on what is going on and will save you time and money.
I am a professional (EA) and have suggested to many of out clients that they could do this on their own. Most of them prefer to not to be bothered with it for the small fee involved. |
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jameslankford
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I didn't/don't know if you can write it off on the next years taxes...but my returns are a few hundred dollars more than when I do it on turbo tax when I hire an accountant. They do it for a living and know the rules better than anyone. I am very satisfied paying to get them done myself. |
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Bobby B
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If your single ,the answer is no.The only time you really come out better is if your married,or have a lot of deductions.It is really very simple ,and you can't get any more by having someone else doing them. |
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turkus07
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get turbo tax for $35 and do it on your computer |
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