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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Taxes are a pain this year…

Taxes are a pain this year…

Scheduled Pinned Locked Moved General Discussion
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  • markM Offline
    markM Offline
    mark
    wrote last edited by
    #2

    Ugh. Hire a freakin accountant.

    LuFins DadL 1 Reply Last reply
    • markM mark

      Ugh. Hire a freakin accountant.

      LuFins DadL Offline
      LuFins DadL Offline
      LuFins Dad
      wrote last edited by
      #3

      @mark said:

      Ugh. Hire a freakin accountant.

      And pay somebody $1800 to just do data entry into a $200 software program?

      The Brad

      markM 1 Reply Last reply
      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote last edited by
        #4

        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.

        The Brad

        1 Reply Last reply
        • 89th8 Offline
          89th8 Offline
          89th
          wrote last edited by
          #5

          Yikes man, that is not fun. On the plus side, if you screw up, you are getting in good shape to not be a weak little bitch in jail.

          1 Reply Last reply
          • LuFins DadL LuFins Dad

            @mark said:

            Ugh. Hire a freakin accountant.

            And pay somebody $1800 to just do data entry into a $200 software program?

            markM Offline
            markM Offline
            mark
            wrote last edited by
            #6

            @LuFins-Dad said:

            @mark said:

            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.

            AxtremusA 1 Reply Last reply
            • A Offline
              A Offline
              AndyD
              wrote last edited by
              #7

              In the UK the new tax rules mean businesses/landlords etc have to submit forms quarterly.
              So I've been told.

              1 Reply Last reply
              • markM mark

                @LuFins-Dad said:

                @mark said:

                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.

                AxtremusA Offline
                AxtremusA Offline
                Axtremus
                wrote last edited by
                #8

                @mark said:

                @LuFins-Dad said:

                @mark said:

                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.

                1 Reply Last reply
                • LuFins DadL Offline
                  LuFins DadL Offline
                  LuFins Dad
                  wrote last edited by
                  #9

                  $1200 for the business part, $600 for the family part.

                  The Brad

                  1 Reply Last reply
                  • LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote last edited by
                    #10

                    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.

                    The Brad

                    kluursK 1 Reply Last reply
                    • LuFins DadL LuFins Dad

                      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.

                      kluursK Offline
                      kluursK Offline
                      kluurs
                      wrote last edited by
                      #11

                      @LuFins-Dad said:

                      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 purchase lobby congress.

                      1 Reply Last reply
                      • jon-nycJ Offline
                        jon-nycJ Offline
                        jon-nyc
                        wrote last edited by
                        #12

                        Yeah it’ll be interesting to see how many industries look for industry-specific carve out restrictions on AI use. Automate thee not me.

                        Person. Woman. Man. Camera. TV.

                        1 Reply Last reply

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