But, it is only personal opinion.
If you build a man a fire, he'll be warm for a day.
If you set a man on fire, he'll be warm for the rest of his life.
The return I just finished is for a woman who only has W-2 income and a rental in another state. She makes next to nothing on the rental but this year she had to put in most of a new kitchen and new bathrooms. The new depreciation rules consider those things to be 'improvements' instead of 'repairs' so I have to go in and figure out what percentage of the basis in her house is bathroom and kitchen, back that out and 'sell' it then enter all the new stuff as pieces and parts to be depreciated separately. That takes a while and since it's kind of subjective it opens up room for an adjustment if she's audited. I also wouldn't be surprised if there's an audit because she makes decent money and the result is a larger than normal loss on the rental. The IRS seems to be eating that kind of thing up.
I'm not concerned that if they decide to examine there will be an issue but it's the process that sucks. So what do I do? Do I charge her double what I normally do or suck it up in the interests of keeping a customer happy? I decided to split the difference on the invoice withthe understanding that it's going to be a "one off".
Turbo tax, I do my entire family's taxes for 60 bucks. I'm self employed 1099, my sister is self employed, with no 1099 just customer receipts and collects food stamps, my mother is retired, and my nephew is EZ.
Islam is an antiquated religion and needs to either modernize with the times or be completely eradicated.
There are two types of Muslims, terrorists, and their enablers. They need to fix that if they want to be part of civilized society.
My grandfather ran his own tax return agency and he constantly got threatened by HR Block and Jackson Hewitt to raise his prices because they couldn't get business. In SC, he would do taxes for next to free often times for poor black families just because he knew they were stupid enough to go to one of the big guys and felt a moral obligation to get them as much money as he could. In that respect, I think you should pay $0. If you aren't an idiot you can do your taxes for free with some time and research.
"We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan
7/10...pretty good laugh.
He's dead now.