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#5
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| - quote - > > > This is my first year filing taxes, we in 22% bracket.
Let it be noted that what one pays depends on many factors,> Not sure where this comes from. The federal brackets are > 10%, 15%, 25%, etc. There is no 22% bracket unless you are > counting some state tax rate in the mix. > > > We got a house this year and we got a 1098 form. > So you have deductible mortgage interest and possibly > property tax, usually a good start on itemizing deductions. > > > I posted > > > earlier on and based on the responses, I really dont think i > > > know much about taxes and dont wanna pay more than I should, > > > get back much (like any other tax payer) > Your first sentence seems to support that. > > > Should I try to find a reliable financial advisor to file > > > taxes with or go with HR block. I am 25 and really dont know > > > much. > Many of the people who work for the mass tax preparers are > very knowledgeable and quite experienced and will serve you > well. Others take off their shoes to count to 20 and have > little or no experience. You won't necessarily know which > one you will get. > If you are comfortable using a computer, give Tax Cut or > Turbotax a try. What have you got to lose for less than $50. > If you want solid, reliable advice, hire an experienced CPA > or Enrolled Agent or an experienced independent tax preparer > (ask your friends if they use someone who has been in the > business a long time). > Expect to pay at least $200 more for expert services. such as location (where 200 in Cincinnati might be the norm), experience (CPA's tend to charge more than EA's and Ea's more than unenrolled tax preparers), and complexity. A mother brought her 30 year old son to me last Saturday. He is single, had bought a house last year in Atlanta where he lives. My fee for schedule A and the Georgia return included was $ 65. Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
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| - quote - > > This is my first year filing taxes, we in 22% bracket.
Not sure where this comes from. The federal brackets are10%, 15%, 25%, etc. There is no 22% bracket unless you are counting some state tax rate in the mix. - quote - > > We got a house this year and we got a 1098 form.
So you have deductible mortgage interest and possiblyproperty tax, usually a good start on itemizing deductions. - quote - > > I posted
Your first sentence seems to support that.> > earlier on and based on the responses, I really dont think i > > know much about taxes and dont wanna pay more than I should, > > get back much (like any other tax payer) - quote - > > Should I try to find a reliable financial advisor to file
Many of the people who work for the mass tax preparers are> > taxes with or go with HR block. I am 25 and really dont know > > much. very knowledgeable and quite experienced and will serve you well. Others take off their shoes to count to 20 and have little or no experience. You won't necessarily know which one you will get. If you are comfortable using a computer, give Tax Cut or Turbotax a try. What have you got to lose for less than $50. If you want solid, reliable advice, hire an experienced CPA or Enrolled Agent or an experienced independent tax preparer (ask your friends if they use someone who has been in the business a long time). Expect to pay at least $200 more for expert services. All freely provided advice guarantee correct or double your money back Frank S. Duke, Jr. CPA Cincinnati, OH USA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
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| come_try[at]yahoo.com (CT) wrote: - quote - > This is my first year filing taxes, we in 22% bracket.
any comments?> We got a house this year and we got a 1098 form. I posted > earlier on and based on the responses, I really dont think i > know much about taxes and dont wanna pay more than I should, > get back much (like any other tax payer) > Should I try to find a reliable financial advisor to file > taxes with or go with HR block. I am 25 and really dont know > much. > What do you think, please advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| come_try[at]yahoo.com (CT) wrote: - quote - > This is my first year filing taxes, we in 22% bracket.
Like many, I have a biased opinion. I currently work for a> We got a house this year and we got a 1098 form. I posted > earlier on and based on the responses, I really dont think i > know much about taxes and dont wanna pay more than I should, > get back much (like any other tax payer) > Should I try to find a reliable financial advisor to file > taxes with or go with HR block. I am 25 and really dont know > much. > What do you think, please advice. storefront preparation company, and have used CPAs for many years prior to my own tax preparation training. I would base you decision on the complexity of the return. There are folks at HRB who can prepare a complex return flawlessly. There are CPAs and EAs who can prepare a complex return flawlessly. There are also folks in all three categories who can't. If your return is truly complex (use of obscure credits, etc) a specialist in those items is a good idea. If you have a basic return (W2's, a house, 1099's, 1098s) then anyone can should be able to do your return. No matter who you use, ask a lot of questions. If the person doesn't seem to know the law, or dismisses your questions, leave. If you are not comfortable that the person is competent, leave. The job of anyone preparing your return is to ensure you that they know what they are doing, and can tell you why. bex << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| CT wrote: - quote - > This is my first year filing taxes, we in 22% bracket.
Naturally I'm going to suggest you find an enrolled agent> We got a house this year and we got a 1098 form. I posted > earlier on and based on the responses, I really dont think i > know much about taxes and dont wanna pay more than I should, > get back much (like any other tax payer) > Should I try to find a reliable financial advisor to file > taxes with or go with HR block. I am 25 and really dont know > much. > What do you think, please advice. (EA) in your area. Either look in your Yellow Pages (tm) or try the NAEA web site : www.naea.org Cheer$, Harlan Lunsford, EA Phenix City, AL << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| - quote - > This is my first year filing taxes, we in 22% bracket.
Any competent tax preparer, including HRB, should be able> We got a house this year and we got a 1098 form. I posted > earlier on and based on the responses, I really dont think i > know much about taxes and dont wanna pay more than I should, > get back much (like any other tax payer) > Should I try to find a reliable financial advisor to file > taxes with or go with HR block. I am 25 and really dont know > much. to handle the return. You will want to take along your closing statement so s/he can also pick up the property tax implications that occurred at closing. If you really want to understand your taxes, perhaps so you can do them yourself next year, you probably would be better served going to an independent tax preparer. I would suggest an Enrolled Agent (since I am one), others will suggest a CPA (for similar reasons). Try to find someone who will take the time to talk with you -- probably not at the busiest office in town. And certainly not at the storefront with the big "Get Your Cash Today!" banner. -- Don EA in Upstate NY << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| This is my first year filing taxes, we in 22% bracket. We got a house this year and we got a 1098 form. I posted earlier on and based on the responses, I really dont think i know much about taxes and dont wanna pay more than I should, get back much (like any other tax payer) Should I try to find a reliable financial advisor to file taxes with or go with HR block. I am 25 and really dont know much. What do you think, please advice. Thanks. CT. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| advisor, block, financial, independant |
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