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Working on Taxes

I’ve been quite busy recently with various things outside of work like the installation of a new floor and various other responsibilities. Last night, however, I decided to take some time to begin my tax preparation.

I used to do all my taxes by myself with the help of Turbo Tax, but I went to a CPA last year after having acquired a rental property. I wanted to make sure that everything was done right including depreciation, and I also wanted to make sure that I had some experience looking over all the deductions that I was going to take. The last thing I need is to get audited having done everything myself.

I got most everything entered into the tax organizer that I receive, but I still have a few outstanding questions that need to be answered before I can send everything off to the CPA and have it filed. Hopefully I’ll be able to finish up soon so I can move on to all the other things I need to get done before this summer comes around and I move off to school.

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2 Comments so far »

  1. by RacerX, on February 9 2008 @ 1:27 am

     

    Hope it turns out well for you! You gonna retire some debt with your return?

  2. by fiscalmusings, on February 9 2008 @ 9:31 am

     

    I’m not entirely sure that I’ll get a return, but it’d be nice. And the only debt I have is mortgage and student loan debt which are both tax deductible.

    I’ll probaby get rid of one of the student loans, but the other is sitting at 2.875%, so there are not plans to pay that one off.

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