Doing Taxes

The Shopping Nazi

Saving Money One Product at a Time

Do I Need Fancy Cleaners?

It is SuperBowl Sunday! There are going to be a lot of living rooms filled with football fans enjoying the big game. There is going to be some emotional highs and lows through out the game. Drinks and food is going to get spilled. Afterwards there will be some cleaning that need to be done. Depending on wild the party gets will depend on how much cleaning will need to be done. In preparation fo...

Gas Mileage Lies

On morning news there was a sniped about a lady who sued Honda for misrepresentation of their gas mileage. It was in small claims court, but still won $10,000. Interesting! It has become pretty much accepted, by all of us, what the sticker gas mileage would be under ideal condition. I am glad someone has stepped up to say, "We are not going to take it anymore!" When I look at different makes...

Touch Screen Desktop Computers

I first saw touch screens computers in the food processing industry back in the late 90's. Since then the technology and the price has been slowly been dropping. As a result we now see more cell phones with touch screens than without. The overall adoption of a touch screen desktop computer has been slow mostly because of the cost. We are seeing the price going under the $1,000 mark. This makes ...

Social Responsible Buying

Last week the name Foxconn and Apple were in all the headlines. It was not about great profits, or some new electronic gadget. It was about the inhumane treatment of the workers in China. What is interesting to note is that Foxconn does not just manufacture electronics for Apple. Foxconn manufacture over 50% of the electronics sold in the United States. Mistreatment of works or labors misbeh...

Secrets of Shopping Wal Mart

Midday on any Saturday or Sunday, at Wal Mart, finds families and couples getting their weekly shopping done. We are at the end of January. People are starting to recover from the Christmas shopping madness. Walking we were greeted by a your 60 oriental lady. I think it is great that Wal Mart seek to find jobs for elderly on fixed incomes. After a quick stop by the cosmetic section for some...

Search for a Practical Usable Tablet

Since before Thanksgiving I have been slowing giving into the idea of getting a tablet. I have looked at all the major brands of tablets and eReaders. I have been trying to imagine how often I would use it. I watch how other people would use their tablets. While attending a local trade show I noticed a large majority of the vendors were using iPads. There were only a few who had other tablets....

Cruise or Not to Cruise

Here we are at the end of January 2012. Texas is getting heavy rains. Snow and Cold is covering most all of the northern hemisphere. I close my eyes and think of a hot summer day with the sun beating down on may face. Then in an instant, I jump into a nice cool swimming pool. Yes, what better time to plan a summer vacation than when the chilling cold is biting your bones, and the sky is all gloomy...

When Not to File an Insurance Claim

Have you been in an auto accident or had water damage from the washing machine over flowing? Then got on the phone calling your insurance company for a claim that was only for a few hundred dollars. Did you know you do not have to file an insurance claim every time you are eligible to file. If you read your insurance policy carefully, you will find you will be penalized if you file ...

Groupon Coupon Yollar Crazy

I a generally stay away from the whole cutting of coupons. The putting them into an organized folder, and taking this big folder to the grocery store. In addition I get frustrated when I have to look for the brand and size of soda matches my coupon. The few time I did take coupons, I found myself spending about the same amount of money, while getting stuff I would not normally get. It is one ...

Tax Season Cometh

From the end of January to April 15th is the traditional season for getting our taxes done. Some of us procrastinate so much we have to file an extension with the IRS. Accountants, bookkeepers, and those who do tax preparation are busy. In the grand scheme of things we need to pay taxes to we can get services from our government like fire, police, and military. Still we do not need to pay more t...

Doing Taxes

Posted By: The Shopping Nazi on February 5, 2010 in Business, Finance, Home - Comments: 14 Comments »

Remember the old saying, about death and taxes. This is the time of the year where some people talk like it is a near death experience. Maybe that is why some people wait until the very last minute and mail out their income tax filing just before midnight on April 15th.

Over the years I have struggled with doing my yearly obligation. I have set down with a W2 form, a couple of 1099′s, a calculator, and a pile of tax forms. One year, I took a box full of receipts and invoices into my accountant and set it on his desk. A week later I went back with my checkbook in hand. There I wrote him a heft check, along with a small one to the federal government and a modest one to the state government.

Since then I have learn a lot. Thanks to technology and the desktop computer doing my taxes has become less stressful as well as less expensive to get done. That is why most years I do it my self. Years where there has been major changes in my financial situation, I go into the local H&R Block office.

The signal person or newly married couple that just needs to file a basic income tax return can to the the IRS website. The website will walk you through the whole process. It is fairly simple, straight forward, and FREE!

Now for the family where the husband and wife works. They may have a couple of children. Their financial situation has not changed much for last year. Then they can get something like H&R Block’s At Home. It will walk you through the whole process in a fairly simple straight forward manner.

When it comes to families that run their own business. They may use a spare room in their house it is time to get an accountant, at least for the first couple years. They can help you figure out what you need to pay Uncle Sam. The complexity of tax laws for any business requires a professional.

From a family who owns a small home based business, I recommend you be using something as simple as Quicken Home & Business, at the very least. If the business is more complex and independent of the home, something like Quickbooks is needed. Then when tax time comes around, it is easier to gather the all right information for preparing your annual income tax report.

Just so you would know, this year I used the H&R Block At Home, it took me less than one hour for prepare, efile both state and federal taxes for just under $70. Thanks to President Obama we are getting a nice check from the federal government.

Tags: Federal Income Tax, Income Tax, State Income Tax, Taxes

14 Responses

You can follow any responses to this entry through the RSS 2.0 feed.

Both comments and pings are currently closed.

SuperSonic says:

February 6, 2010 at 4:40 pm

Hi,
Interesting, did you plan to continue this article?
Thanks
SuperSonic
- The Shopping Nazi says:
  
  February 7, 2010 at 8:05 am
  
  We have not active plan. I am sure before April 15th there will be more.
  Do you have any idea?
Cheap DVD Boxsets uk says:

February 10, 2010 at 6:29 pm

Hey dude I’ve really had a blast reading up your blog I’ve found them rather informative, Can’t wait for your next post! Speak again soon =]
Belle Manny says:

February 13, 2010 at 10:38 pm

Thank you for an awe inspiring read. I much enjoyed this post. I look forward to reading more about taxes. If this had a rating I would have to say 10 coins
Jefferson Furbish says:

February 21, 2010 at 8:21 pm

This is such a superior article. I look forward to reading more of your writing.
Roxanne Zona Libre says:

February 25, 2010 at 7:47 am

I usually don’t ordinarily post on many Blogs, however I just has to say thank you… keep up the amazing work. Ok unfortunately its time to get to school.
Angelika Seim says:

February 25, 2010 at 1:28 pm

Hi..I am reading your page for a few days now is there any way to subscribe by email
- The Shopping Nazi says:
  
  February 25, 2010 at 6:32 pm
  
  Right now we only use two sources for updates of The Shopping Nazi. At the bottom of each post is a share. On the top middle column is four ways you can get The Shopping Nazi.
Isadora Hards says:

March 4, 2010 at 7:22 pm

I have to say this is the fourth time I’ve read your website and Im likein it! I added your weblog to my rss reader. Looking forward to see more updates!
Charleen Knoepke says:

March 5, 2010 at 5:20 pm

How often do you write your blogs? I enjoy them a lot
- The Shopping Nazi says:
  
  March 5, 2010 at 6:07 pm
  
  This one is Monday thru Saturday. The other are intermittently.
Colby Dorka says:

March 6, 2010 at 12:15 pm

Right now there can be stll a bunch to understand associated with this kind of info. My spouse and i think you constructed a bunch of reliable details
Grover Nickol says:

March 7, 2010 at 12:01 am

Your writing is clear, expressive, and very pertinent to your subject.
Patience Russin says:

April 16, 2010 at 1:41 pm

This post was mentioned on Twitter by Richard Hawkesford.