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Post by Ardbeg... innit on Feb 13, 2011 14:31:13 GMT -6
WOO HOO All Federal and State, Personal and Business tax forms filed!
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Post by Merlot Joe on Feb 13, 2011 14:35:55 GMT -6
I am waiting for the a couple of forms to get finalized by the Feds then I will be done.
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Post by ♥ COVID-19♥ on Feb 13, 2011 17:11:09 GMT -6
I haven't gotten the forms from my bank yet. WTF?
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Post by innit Geezer on Feb 13, 2011 19:07:39 GMT -6
Cut yourself a break. You closed the financial industry down for a few weeks. The backlog is huge and they aren't set to open till Wensday!
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Post by Tex on Feb 13, 2011 19:56:44 GMT -6
The 1099s should be postmarked by 1/31.
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Post by Chicago Jake on Feb 13, 2011 23:31:38 GMT -6
I'm wondering if I should finally break down and try TurboTax or something like that. So far, still kicking it old school with paper forms and my calculator.
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Post by Merlot Joe on Feb 14, 2011 0:53:13 GMT -6
I have been using Turbo Tax for better than ten years for my personal return. So far so good.
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Post by Ardbeg... innit on Feb 14, 2011 6:22:54 GMT -6
TurboTax is the best. Jake you and I are total opposites when it comes to electronic finances. You primarily bank online, Im still rocking it old school with written checks. Ive been doing TurboTax, for personal and business, since 96 (found the archived floppys a short while back), and you havent tried it yet.
The fact that I dont have to handle any of the depreciation schedules other than adding or removing assets makes its worth the price.
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Post by Tex on Feb 14, 2011 8:25:51 GMT -6
Get the Turbo Tax.
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Post by Merlot Joe on Feb 26, 2011 1:51:00 GMT -6
Well State and Federal Taxes all done and ready to be put in the mail by Monday morning. FUCKERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Post by Robin Hood on Mar 1, 2011 2:02:17 GMT -6
Went to the CPA last Thursday and got ours done...
Nice check incoming in a few days, didn't realize we had overpaid so much last year. Changed our withholding ASAP... I would rather be right on the gnats ass or have to pay in a little bit than to let the bastards hold my money interest free...
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Post by ♥ COVID-19♥ on Mar 1, 2011 9:25:37 GMT -6
The way the banks are paying interest these days, I can't see how that makes too big a difference.
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Post by Chicago Jake on Mar 1, 2011 9:36:35 GMT -6
One difference is that they might not still have it when it comes time to pay you back. Governments are toppling these days, and it's not beyond the realm of possibility that our friends in DC could be the next victims.
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Post by ♥ COVID-19♥ on Mar 1, 2011 9:38:43 GMT -6
They survived a government shutdown in the mid-90's, I'm thinking they'll get through this one, too.
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Post by Ardbeg... innit on Mar 1, 2011 10:01:24 GMT -6
One difference is that they might not still have it when it comes time to pay you back. Governments are toppling these days, and it's not beyond the realm of possibility that our friends in DC could be the next victims. At first I thought you were referring to the banks |
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Post by Chicago Jake on Mar 1, 2011 10:51:12 GMT -6
They survived a government shutdown in the mid-90's, I'm thinking they'll get through this one, too. That's what Hosni and Moamar thought, too. |
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Post by ♥ COVID-19♥ on Mar 1, 2011 11:01:35 GMT -6
Yeah but they weren't the good ol' U.S. of A.
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Post by Tex on Mar 16, 2011 18:21:29 GMT -6
Big Mo ain't out of the game yet.
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Post by Chicago Jake on Mar 22, 2011 15:42:25 GMT -6
Did the Turbo Tax thing. Mighty slick! Even e-filed and put in for an e-refund (also new to me).
The program is pretty clever and flexible. I was worried about being able to back-in all my depreciation schedules, some of which I am almost 20 years into. But it had no problem accepting all my assumptions and duplicating my calculations.
The only thing I didn't figure out how to do was to import my previous years' passive activity losses. It assumed all past years were zero and started from there. Oh well, I probably won't ever be able to claim them anyway, and if I do, I'll get a CPA to sort it out then.
One more step on the road to the future!
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Post by Tex on Mar 22, 2011 15:45:40 GMT -6
Did the Turbo Tax thing. Mighty slick! Even e-filed and put in for an e-refund (also new to me). The program is pretty clever and flexible. I was worried about being able to back-in all my depreciation schedules, some of which I am almost 20 years into. But it had no problem accepting all my assumptions and duplicating my calculations. The only thing I didn't figure out how to do was to import my previous years' passive activity losses. It assumed all past years were zero and started from there. Oh well, I probably won't ever be able to claim them anyway, and if I do, I'll get a CPA to sort it out then. One more step on the road to the future! There should be a place to plug in "carryforwards" or some such. |
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Post by Tex on Mar 22, 2011 16:01:35 GMT -6
I don't have TurboTax but the inputs for form 8582 would be a good place to look.
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Post by ♥ COVID-19♥ on Mar 22, 2011 16:19:55 GMT -6
Met with my accountant a week ago Saturday; just got my Fed refund direct deposited to my bank account. The state refund should take another few weeks. My Hedo trip for NEXT NYE is now 100% covered. Thank you, Uncle Sam!
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Post by Chicago Jake on Mar 22, 2011 16:28:05 GMT -6
I don't have TurboTax but the inputs for form 8582 would be a good place to look. That's what I expected, but no. It wanted me to carry forward from some other form (5xxx something), which I'd never used. I'd been using the 8582. So I thought, gulp, I've been using the wrong form! But then when it was finished and gave me the full package, it DID use the 8582 for this year's losses. So I'm confused. Maybe the 5xxx was a worksheet or something. |
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Post by Tex on Mar 22, 2011 18:46:42 GMT -6
Go to 8582, try entering a number or clicking on the "prior year unallowed losses" line which matches your activity (real estate, etc.)
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Post by Exildo Wonsetler Briggs III on Mar 22, 2011 22:13:32 GMT -6
Downloaded Turbo Tax a couple of days ago and got it running and imported all the usual information from last year. Can't seem to get much further . . . got too damn many business issues and for the first time, rental property to deal with.
Maybe I just won't file taxes this year. Maybe I'll move to Negril. So many "maybe" thingies.
Screw Uncle Sam and the boat he rode in on. Make a buck, give it away. Bummer.
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Post by Chicago Jake on Mar 22, 2011 22:57:55 GMT -6
Downloaded? There's nothing to download. Everything I did just ran on their website.....
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Post by ♥ COVID-19♥ on Mar 23, 2011 8:42:22 GMT -6
Time for sumbunny to update his virus signature -- and maybe even install Zone Alarm too, while you're at it.
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Post by Exildo Wonsetler Briggs III on Mar 23, 2011 23:47:09 GMT -6
Downloaded? There's nothing to download. Everything I did just ran on their website..... No way I'm going to have my info hosted on their web site. I'll download the program and run it on my 'puter. ............Bob |
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Post by Chicago Jake on Mar 24, 2011 0:36:16 GMT -6
Interesting. I didn't even see an option to download it.
But I can see your point. It's one thing to trust the government with all of your intimate data, after all, they have your best interests at heart! But to trust some for-profit company that you can fire if they screw you over? Allah forbid!!
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Post by Tex on Mar 24, 2011 13:21:49 GMT -6
I am a fountain pen and check perforator guy for checking, but have used computers for tax prep since the mid eighties. I have a distrust of internet banking and automatic bank drafts, etc. Gregg County (Kilgore area) just lost over $200,000 to a hacked bank transfer. (smell a rat here)
When I bought property in Austin, I went a round or two with the closing attorney, who would not accept a cashiers check, but insisted on a wire transfer the day before closing. We compromised and he got the seller to sign the papers and faxed them to me prior to me wiring the money.
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