Insights Everyday
- Mighty Mouse
- Interesting conundrums from current events to social issues to financial matters
Thursday, April 05, 2007
Next year give it to the accountant
So I've been working on my taxes for the past 2-3 weeks. Let's just say, taxes are easy if all you've got is a W-2 and simple 1099 forms. However stick in the K-1 and then another state's business and then the businesses showing losses. Well there's more time to put in then you expected. I had to go through the Tax software a total of 5-6 times to confirm my results. the first time I got a result that I owed Good Ole Uncle Sam a whopping $3600. The second time I tried Uncle Sam owed me $1700 and I continued and plugged and chugged, till I was able to get 2 of the same results. Right when I was ready to file. Get this mess out of my hair, I was informed that I had a state tax to fill out and turn in for the state of Iowa! Everyone in Big T (Texas, that is), be glad that we do not have to do state taxes on an annual bases! It's a pain in the @$$. Just thought I'd share my experiences of doing my taxes this year! Hope you all have a better time. However for next year, I will not be doing it, I will pay for the services and hand it over to the experts!
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