Official tax thread
- Started
- Last post
- 57 Responses
- tkmeister0
so i just met with my accountant. i am fuuuucked this year. argh. what a fucking day...
- jakeyj0
so steve do you do your own taxes?
and how do you keep records of all that stuff?! you must be really organized. I bet it pays off tho.
- stevegee0
I don't do mine, but I could probably. I use Quicken for my personal banking and Quick Books for the business, and I keep an excel spread sheet for budgeting and expenses.
I'm extremely anal about moeny and organization, it sucks sometimes.
- stevegee0
By the way...
For anyone that has adopted a child this year, there is a $10,329.00 tax CREDIT that is available. No, that's not a motivation for doing something like that, the benefits are deeper, but that sure is a lot of diapers!
- tkmeister0
i need to be more anal.
- jakeyj0
haha good one tk
steve - it seems like you would be able to do your taxes if you are that good with everything else.
i decided to use an accoutant btw...
- joyride0
i need to be more anal.
tkmeister
(Mar 9 06, 11:47)There was a thread yesterday that might help. something like "help with a proton torpedo" maybe that will cure your desire. lol
- stevegee0
I do it out of needs, not desire, I hate book keeping and accounting crap. I wish I could pay someone to do it on a regular basis for me, and one day soon I will, that's why I don't do my own taxes, they know ALL the loop holes and so long as I keep good records, they just do their thing and I make out like a bandit.
- tkmeister0
thanks joyride, i'll look into it.
anyways, even if you are good at keeping track of all records, it's still best to have an accountant.
i keep all the receipts and statements in the shopping bag or shoe boxes. also, try to use one creditcard for all the business spending so it's easy to see.
- joyride0
I've got a little firesafe, I keep all important tax stuff in. I have an interoffice brown envelope for each year, and when I get a reciept I put it in there. I've got one for business and one for personal. Near tax time, i organize them and deduct what I can. It's pretty easy, and you always know where the reciepts are.
- jakeyj0
good idea joyride. i could probably handle doing something like that...
- zombiewoof0
Alright so I've search the interweb, and read through all the tax threads here (US), and can't figure out something. I live in Michigand and worked for a company in Maryland. Do I need to file both states? Along the same line, I did a couple grand of freelance for a company in California that was 1099'd, do I need to file CA state as well....mah head hurts...
- joyride0
zombiewoof:
No you don't need to file in those other states. Only michigan since that is where you live. That is the state that gets the tax. If the maryland Co. took maryland taxes (not Fed) then you can file to get that money back, so you can pay your MI taxes with it.
Of course I'm not a tax pro, so ask your accountant. But thats what my accountant does.
- mg330
Sad laughs at the suckers in line at H&R Block, well, the ones that likely have nothing more than a single W2 to file but will still pay someone else money to perform a task no more difficult than zipping up pants.
I know that people go there for complex tax stuff, but you know people like I described above do as well, and I think that's rather, er, laughable.
- canuck0
Just found out I'm getting $2,600 back off the canadian gov this year. yay!
Probably wont see the check for some time though :( Bloody slowpokes.
- lebowski0
do you have to pay taxes if you don't make any money?
- khilled0
are there such thing as tax credits for design companies or design productions? like in film productions?