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Tax advice thread?; We got any tax experts here?
Topic Started: Jan 10 2013, 05:39 PM (1,541 Views)
Cobb
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:popcorn Well Ill go first since I started it, Ive rented my condo half of the past year for less than the monthly bills on it. I Guess that goes against my income and helps with a nice return? Ive only listed deductions such as carpet, paint, hoa fee, interest. I havent deducted expenses for driving out there, horing out the condo online to get a renter or anything like that.

Assuming Ill need to get turbo tax premiere vs the middle package? Anyway I can take advantage of my renting of my condo for anything nice? Like can I get a new computer from it, an ipad, etc? :whistle

Also any benefit tax wise to rent it for less than I did this year? Monthly its 731 in costs, it wasnt til I hit 625 a month did I get 30 responses to the ad. If I were to aim lower, to show a great loss, that just means a bigger refund? :thumb I notice many rentals include utilities, I am assuming its for that reason as well?

I had my taxes done once at HR block for a website I ran with wheelchair articles on it. I was charged 200 bucks and all the lady did was ask tons of questions, she didnt give any advice. While waiting I heard ofpeople deducting for cloths gas, etc to go to job interviews and even having a resume written. :ermm: Since then I just do turbo tax.

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Horn


I don't know much about taxes.

I use turbo tax. Love it. I think you need to do the premium package. Its what $20 or $30 difference? I think with TT, if you start mid level and realize you need the next step up, it all transfers.

tried tax slayer a few years ago. it sucked. went back to TT. There are so many deductions you can get its ridiculous. I'm surprised there isn't a toilet paper or wipe your ass reduction.
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Woodie
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Horn12007
Jan 10 2013, 05:48 PM
I'm surprised there isn't a toilet paper or wipe your ass reduction.
I don't doubt that there is. At 74,000 pages, there's almost everything know to man in there.


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bansheetaz


i travel alot and i am able to deduct my perdiem on my taxes. does turbo tax have the steps to deduct that? and if so which turbo tax do should i get? i always go to a tax guy because he knows the rules on deducting perdiem but its a couple hundred bux to do that.

thanks
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Horn


IDK if they do or not. I would assume so, they ask me so many things that don't apply to me. Google turbotax and go to the site. They will explain a few things.
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Cobb
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:popcorn I take that as a no?

The past 2 years turbo tax wasnt too helpful for the phev or solar energy credit. I had to wait til like Feb 15 and even then I had to look up the form as it wasnt included. It did get the first time home buyer tax credit right.

Now my job sends you the w2 Feb 1 vs including it in your Dec pay stub. :banghead :banghead :banghead

I typically fill out tt early as I can and if I get a refund I file, if I owe, I wait til the last day. :cheers
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Horn


I don't know how you owe. I mean in all honesty, the only people I ever hear that pay is like a 30 year old single guy that makes $50k.

I don't understand how I get so much back. I'm not bitching about free money, but I think of the other several million like me that don't pay much and get a huge check back. How is it that I make $4,000 in a year. Go to school. Get some school assistance and get $1400 back.....just doesn't add up.

Cobb - Idk about TT and the solar energy credit. My stuff is pretty straight through. Just college expenses and use to have stocks. I just like the step by step guide. It makes it easy for someone especially when they have never done it manually.

I don't think we have a CPA on here. I could never become a CPA :banghead .
Edited by Horn, Jan 11 2013, 11:28 AM.
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econoboxer
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I am the one on the left.

we get to keep 63% of what we earn.
that is all
I know people who make half as much who have the same level of lifestyle.
No big returns either.
just is...
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Horn


econboxxxer
Jan 11 2013, 11:56 AM
we get to keep 63% of what we earn.
that is all
I know people who make half as much who have the same level of lifestyle.
No big returns either.
just is...
Just is.....thats the only way to explain our tax system.

Person 1: makes $1,000/month. No school, nothing fancy.
Person 2: makes $1,000/month. No school, nothing fancy too.

Person 1 gets $1200 refund. Person 2 gets $400 back.......why the difference? Just is

Thanks econ, thats what I'm gonna say from now on when anyone asks me a question......just is
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HelterSkelter
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#1 Pizza Driver

dont pay taxes.
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Horn


HelterSkelter
Jan 11 2013, 10:28 PM
dont pay taxes.
kinda hard to do.....
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HelterSkelter
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#1 Pizza Driver

not for me.
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Horn


how?
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Coche Blanco
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Troll Certified

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Wesley Snipes says no to taxes.
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HelterSkelter
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#1 Pizza Driver

Horn12007
Jan 11 2013, 10:34 PM
how?


same way that coche does.
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