Comments on: Learn From My Tax Mistakes

By: David Buhler

David Buhler — Sun, 17 Apr 2005 09:58:58 +0000

The difference between HR Block and a CPA is that HR Block uses PAs, who are nothing more than glorified book-keepers. If you get audited, they can’t act as a legal representative on your behalf. A CPA can, and better than that, you don’t need to be present and are less likely to say anything incriminating.

By: Greg B.

Greg B. — Wed, 13 Apr 2005 17:16:40 +0000

Year before last, i couldn’t find a steady, taxable job to save my life.. and living paycheck to paycheck on contract income sucks.. no way could i have paid the quarterly tax amounts and have been able to squeek by at that time..

due to this unfortunate situation i now owe the govt. $3500 in taxes .. yep.. i made around 19k in untaxed income over the summer.. and it all came back to bite me..

i would have owed more.. but i deducted the crap out of things like my home office, driving/mileage, and expenses like buying a new computer, video card, software, etc..

in the long run.. i really got a bad taste in my mouth about doing untaxed contract work.. and i don’t think i’d like to try it again any time soon… either under the table, or tax me.. but i don’t wanna handle my own stuff..

on a better note.. i still haven’t started paying them.. as they allow you to defer the payments until you can work with it..

not sure.. but i think they are going to start making it so even if you declare bankruptcy.. you still have your debt to the govt..

anyway.. glad to hear you are done with yours.. i still have to do mine this year.. time to whip out the old ‘Turbo-Tax’ and get crackin..

later..
////Greg

By: Rahsun McAfee

Rahsun McAfee — Tue, 12 Apr 2005 15:30:13 +0000

Me and my wife went to H&R Block this year. I have heard mixed things. We went to a lady recommended by my father in law. She was AWESOME. She educated me and my wife while she did our taxes. She even gave great tips on how to handle taxes in the future with my business. (Gave better advice then a crappy business advisor I had to stop using.) She's been doing it for over 20 years and it showed. It's good to trust the company (H&R) but better to trust the individuals that MAKE the company have a GOOD name. Just my 2 cents ;)

By: JesterXL

JesterXL — Tue, 12 Apr 2005 00:22:25 +0000

After a quick scan of the first 2 pages, that looks like it! …of course, it sounded easier and less restrictive when it was explained to me.

By: mattman

mattman — Mon, 11 Apr 2005 23:34:42 +0000

Jesse, this might be the form you’re refering to:

http://www.msmc.la.edu/INCLUDE/2004Form1098.pdf