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I’ve been digging around and researching H&R Block’s tax preparation products, and I have to admit I’m really, really chicken to do our own taxes.
So, I decided to reach out to them and find a win-win here. In the next week or so, I will be interviewing someone from H&R Block to discuss the tax laws that affect those of us who run a home based business, as well as their products that would work for people like us with not-so-simple tax preparation needs.
Between rental properties, my self-employment, and dipping into our 401K to fund the startup of this site [so wrong. so not recommended!], we have a lot of tax landmines to navigate for 2006.
But I have to admit that their Premium TaxCut Online tax prep product looks as though with a little bit of patience, I might - MIGHT - be able to handle it. It specifically says that it has “Extensive deduction help for the self-employed, including home office, rental property and depreciation assistance”, and it includes a consultation with a tax professional for only $39.95. Since at its highest point in 2002 I spent about $800 dollars on a CPA for our personal and my business taxes, $39 bucks sounds mighty tempting.
So, if you are like me, and a bit of a stubborn do-it-yourselfer, drop me a comment with your most pressing tax questions and I’ll be sure to ask them when I speak to H&R Block next week!
Fingers crossed, we’ll all get a bit of free advice and get a bigger refund this year.
Ok Wendy, I’ve got a question for you. I would like for you to ask: What is the most ridiculous/ludicrous thing that someone tried to write off as a business expense and how was it handled? Thanks!
Wendy, that’s an excellent idea. Also, have you read Tax Girl? She’s at http://taxgirl.com. Bet you two would hit it off…we all want good tax advice.
Wendy - we had an accountant do our taxes for a few years - my business, a rental property, a rolled over 401k, and such made us scared. He assured me that my record keeping was sound and I paid close attention to what he did. For the past 3 years I have been using Turbo Tax to do both my business (S-corp) and personal taxes. It is time consuming, but I am happy to do it ourselves. Today’s software really does a great job of walking you through all the details.