Taxes are a pain this year…
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Karla has a 1099 NEC from the one company she subbed for. The other company had switched her from a 1099 to a W-2 mid 2024. She bought that company in July…And then started taking owner disbursements in August. I have to decide whether to muddle through the income and expenses of that on a Schedule C, or file separately for the business.
On top of that, Lucas was a full time student through May, part time student over the summer, and not a student at all in the fall (and is back to being a part-time student this year). He made a good amount of money last year, but I think I can still claim him as a dependent… He was full time for 5 months, and I don’t believe there is any limit on income, so long as I provided him with most of his support, right?
Then there’s the whole tip thing… Karla’s 1099’s never included any tip designations, and it was irrelevant. Her 1099 NEC she received this year did not include a tip box.
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And we actually did, this year. I’m just backing it up as an audit. If our numbers match well enough, I will continue doing it. If we don’t, then it gets interesting.
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Ugh. Hire a freakin accountant.
And pay somebody $1800 to just do data entry into a $200 software program?
$1800??? Wow. My accountant is a bargain at $400.
Ugh. Hire a freakin accountant.
And pay somebody $1800 to just do data entry into a $200 software program?
$1800??? Wow. My accountant is a bargain at $400.
$1,800 is more typical when an S-Corp is involved. $400 is fairly typical for the usual husband+wife joint return.
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$1200 for the business part, $600 for the family part.
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So far there’s a $200 to my benefit difference with me and TurboTax filling them out than the accountant. I’m thinking about running both returns through an AI to see what that says…
I imagine that within 4-5 years, Tax Preparer as an occupation will be obsolete.
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So far there’s a $200 to my benefit difference with me and TurboTax filling them out than the accountant. I’m thinking about running both returns through an AI to see what that says…
I imagine that within 4-5 years, Tax Preparer as an occupation will be obsolete.
So far there’s a $200 to my benefit difference with me and TurboTax filling them out than the accountant. I’m thinking about running both returns through an AI to see what that says…
I imagine that within 4-5 years, Tax Preparer as an occupation will be obsolete.
Depends on how much the tax preparer companies are willing to
purchaselobby congress. -
So far there’s a $200 to my benefit difference with me and TurboTax filling them out than the accountant. I’m thinking about running both returns through an AI to see what that says…
I imagine that within 4-5 years, Tax Preparer as an occupation will be obsolete.
Depends on how much the tax preparer companies are willing to
purchaselobby congress. -
It really wouldn’t be hard for the IRS to automate the whole damn thing.
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It really wouldn’t be hard for the IRS to automate the whole damn thing.
It really wouldn’t be hard for the IRS to automate the whole damn thing.
I agree. I think that was something that we being offered last year to a certain number of US states, and then they were going to expand it to more this year.
Not sure where the objections were from, but I dont think that any states can use it this year at all.
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It's funny, I'd never filed a tax return before I left the UK. You really only need to do it there if you're self employed or have untaxed income. This year I tried using the free version of H&R block, but it stopped me as it said I needed to complete a particular form based on my income - which wasn't actually correct, but I had to buy the non-free one before it would acknowledge that I didn't. Bloody stupid.
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