Tuesday, April 11, 2006

Time to do the taxes!


No, not "time to make the donuts." It's time to do the taxes! I can't believe I've left it 'til nearly the last minute. I'm using Turbo Tax which I've used the last two years. It's very easy - most of the time, especially because we use Quicken and QuickBooks.

In Turbo Tax, you can import the past year's tax info right from Q and QB. Except that for some reason, this year it's not working as easily as it did last year. I think the problem, as usual, is that something has changed either with the way Turbo Tax retrieves or with the way I entered my info.

For example, in Quicken, I call my income "Nan's Income;" and I have it designated as Schedule C Gross Receipts, etc. But I think Turbo Tax must be looking for just the word "Income," because instead of retrieving all of my income, it only imported $75.00. That is definitely not the right answer!

I've promised myself that I will work on it today until it's done. Period. No excuses. No more procrastination because one of the things I like about Turbo Tax is that after I've completed the return, I can email it to a professional preparer who will double-check everything before I send it to the IRS. (Yes, there's a small fee; but it's much less than the last time we asked H & R Block to do it and they charged us $500.00!) But sometimes this double-check takes 48 hours. So you can see that in order to definitely submit it by April 17th (extended this year because the 15th falls on a Saturday) I must have finished no later than tomorrow.

Gosh, I really don't like it when I mess up like this!

1 Comments:

At 5:18 PM , Anonymous Anonymous said...

Taxes ain't easy, that's for sure. I'm in the midst of doing mine too.

Mac

 

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