Comments on: Good Grief! Time to Start Thinking About Taxes Already? http://www.thewisdomjournal.com/Blog/good-grief-time-to-start-thinking-about-taxes-already/ Wise Choices. Improved Finances. A Better Life. Sun, 05 Feb 2012 12:01:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gypsie http://www.thewisdomjournal.com/Blog/good-grief-time-to-start-thinking-about-taxes-already/comment-page-1/#comment-8242 Gypsie Tue, 02 Dec 2008 03:03:20 +0000 http://www.thewisdomjournal.com/Blog/?p=429#comment-8242 I really like TaxCut! A couple of years ago, when we were first married, we had an issue with our taxes while using the TaxCut software. So I contacted the nearest H&R Block office. They came in and went over my taxes with a fine toothed comb and the Tax Law book. After about an hour we figured out the problem and they finished our taxes and filed them for us at no additional cost! PS. Dont forget that the IRS provides a list of free ways to file your taxes if you fall into some qualifying categories;i.e. you make less than x/per year. The website list will return on 16 Jan 09 (http://www.irs.gov/efile/article/0,,id=118986,00.html) I really like TaxCut! A couple of years ago, when we were first married, we had an issue with our taxes while using the TaxCut software. So I contacted the nearest H&R Block office. They came in and went over my taxes with a fine toothed comb and the Tax Law book. After about an hour we figured out the problem and they finished our taxes and filed them for us at no additional cost!

PS. Dont forget that the IRS provides a list of free ways to file your taxes if you fall into some qualifying categories;i.e. you make less than x/per year. The website list will return on 16 Jan 09 (http://www.irs.gov/efile/article/0,,id=118986,00.html)

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]]> By: Joshua http://www.thewisdomjournal.com/Blog/good-grief-time-to-start-thinking-about-taxes-already/comment-page-1/#comment-8240 Joshua Tue, 02 Dec 2008 02:41:18 +0000 http://www.thewisdomjournal.com/Blog/?p=429#comment-8240 I have used TaxCut for years and very much enjoy the product. I am not sure why but it always comes out cheaper to use them over Intuit's product. Regardless, TaxCut also has a neat little program that you can get for little to nothing (after rebate) for addressing charitable giving. It is able to give you the acceptable dollar amount from the IRS for your donations ( clothing, cars, etc.) and import the data straight into your Federal form. My only caution here is that the IRS has taken to requiring photographs of goods given to a charity, so beware of that and save yourself a headache..... take a couple of pictures of things before you give them away and attach them to the receipt that you get from the organization. I have used TaxCut for years and very much enjoy the product. I am not sure why but it always comes out cheaper to use them over Intuit’s product. Regardless, TaxCut also has a neat little program that you can get for little to nothing (after rebate) for addressing charitable giving. It is able to give you the acceptable dollar amount from the IRS for your donations ( clothing, cars, etc.) and import the data straight into your Federal form. My only caution here is that the IRS has taken to requiring photographs of goods given to a charity, so beware of that and save yourself a headache….. take a couple of pictures of things before you give them away and attach them to the receipt that you get from the organization.

]]> By: Alton http://www.thewisdomjournal.com/Blog/good-grief-time-to-start-thinking-about-taxes-already/comment-page-1/#comment-8239 Alton Mon, 01 Dec 2008 20:15:52 +0000 http://www.thewisdomjournal.com/Blog/?p=429#comment-8239 In the past, when I've made contributions like this, I've used what the IRS calls "yard sale value." Usually there are guidelines that the IRS puts out on what different items are worth, especially clothing items, toys, small engine items (lawnmowers), and electronics. You should be able to find that list on the IRS site. In the past, when I’ve made contributions like this, I’ve used what the IRS calls “yard sale value.” Usually there are guidelines that the IRS puts out on what different items are worth, especially clothing items, toys, small engine items (lawnmowers), and electronics. You should be able to find that list on the IRS site.

]]> By: Feedback Secrets http://www.thewisdomjournal.com/Blog/good-grief-time-to-start-thinking-about-taxes-already/comment-page-1/#comment-8238 Feedback Secrets Mon, 01 Dec 2008 17:22:38 +0000 http://www.thewisdomjournal.com/Blog/?p=429#comment-8238 In regards to tip #4 how you know how to assign a dollar value to non-cash items which you donate. Did both Goodwill and the Church provide you with a receipt or did you estimate their value for taxes purposes? Thanks, -Phil. In regards to tip #4 how you know how to assign a dollar value to non-cash items which you donate. Did both Goodwill and the Church provide you with a receipt or did you estimate their value for taxes purposes?

Thanks,

-Phil.

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