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Do you file your own taxes?  email this discussion to a friend?

myLot reputation of 90/100. maezee (8895)   ranked 43 out of 2,929 in work 3 years ago

Buy some kind of software for it (like TurboTax), take it to HR Block (or some other tax company), have a relative do it, or do it yourself?

I'm curious specifically about people who file their own taxes. I've seen instructional papers at the local library but I haven't been gutsy enough to try it on my own, so we pay this friend of my dad's $30 to do ours for us. I'm thinking, as an effort to save money, I might try to do them myself. But I fear that if I screw up..Well, it will be a costly mistake.

Have you ever done taxes by yourself? Is it hard? Is it worth it?

 

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tags:  taxes, accounts, file your own taxes, file your taxes, files
 
1. myLot reputation of 92/100. Charm21 (1544)   3 years ago

I honestly i don't and i have no plan of doing it, for now i don't trust our government, corruption is well known here, our hard work will only be wasted.

Maybe soon someone will just knock on our door handling subpoena for me, i can be sue for tax evasion,:)

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2. myLot reputation of 92/100. Fulltank (1770)   ranked 1,081 out of 2,929 in work   3 years ago

Nope, my company files the taxes for us. They automatically deduct it every payday. And at year end, then just send us the annual tax filling form with the total amount of tax withheld and it only takes our signature for them to file it. Have to review it first though before signing for any clarifications, omissions and wrong declaration. Better on my part since I will no longer file it myself.

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3. myLot reputation of 92/100. PastorP (749)   ranked 1,088 out of 2,929 in work   3 years ago

Hi maezee. I've been doing our own taxes since 1978 I think.

If you are not self-employed, it might be easier. If you just have W2's and interest income it should be a snap.

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4. myLot reputation of 97/100. Aurone (2819)   ranked 1,224 out of 2,929 in work   3 years ago

Nope. My Dad is an accountant and does mine every year for free so I have no need to do it myself. But many of my friends who are still students do it themselves.

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5. myLot reputation of 100/100. dorannmwin (17613)   ranked 640 out of 2,929 in work   3 years ago

I used Turbo Tax for the first time seven years ago, and I haven't looked back. However, before we used Turbo Tax, I would do my own taxes on paper, the EZ form was all that I and my siblings had to use (I did theirs as well) and I also did my mother's for her on papers as well and hers is a lot more complicated but I am happy to say that I never made a mistake and never got an audit from any of those. If you are willing to take your time, then I think it is fine to do your own taxes. If you want to invest in Turbo Tax, it is actually difficult to go wrong.

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6. myLot reputation of 94/100. SHAMRACK (5332)   ranked 41 out of 2,929 in work   3 years ago

Dear friend,
I never used these software. I would just give to the office account and the rest is done by them. More over here in India in my office we have it done by our accounts and we do just have to check it a copy of it is given to us after filing. I have never filed my taxes.happy

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7. myLot reputation of 99/100. savypat (13310)   ranked 621 out of 2,929 in work   3 years ago

It all depends on how complicated your taxes are if every thing is standard then you should have no trouble but if you can't file just a short form, then you may find your $30.00 well worth it. I don't think you can buy a software program for that amount. I have some investments so I have to file long form and to protect myself I use Turbo Tax. I worked as a tax preparer for H&R Block for 4 years and still don't try myself to keep up on the new laws and not get in trouble.

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8. myLot reputation of 96/100. cher913 (21887)   ranked 152 out of 2,929 in work   3 years ago

my hubby has always done our taxes (he has an accounting background) but the last few years he has bought a tax program from walmart which is only about $20 or so.

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9. myLot reputation of 98/100. cyberfluf (2897)   ranked 2,165 out of 2,929 in work   3 years ago

I haven't ever let someone else do it for me, I have been doing my own for a couple of years now. A friend of mine pays about $30 aswell to let someone do it for him and he says it can save you a big deal of money. His mother in law got help from the same man and instead of having to pay $300 or so she got $600 back!
So it can really make a big difference I guess but so far I've been able to do just fine on my own.

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10. myLot reputation of 69/100. vjypathania (279)   ranked 2,258 out of 2,929 in work   3 years ago

in our company the HR take care of this so I never had a chance to file the IT return by my on.

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