Can anyone provide a little tax advice?

Estimated Taxes

Just a few questions.

Is this all that you do exclusively? Do you have an offline job? Are you filing a joint return? Did you earn very much last year? Do you have many expenses? If so, do you believe that they would exceed your standard deduction? Did you outsource much yourself? Do you own property? Do you have dependents?

Please don't answer those questions. Those are your personal affairs. I just wanted to give you a few things to think about.

I'm not a tax expert, but I've been doing them myself for the past few years and have a decent amount of experience with my own situation.

I use TurboTax now. It's very thorough. It will run you through just about every type of deduction you can imagine, both business and personal. It has "help" questions at each step and a support feature where you can go through previously asked common questions.

There are also tax experts available if you get really stuck, though I don't recall if there's any additional cost for them. I've always been able to find all the answers I needed, but my situation isn't very complicated either.

It costs $74.99 + $36.99 more if you do your state taxes with it as well, which only makes sense to me. It also will electronically e-file everything once you're finished and pay the costs.

Another thing I really like is that it keeps track of all your business partners and other information. This makes it super easy each year as you can easily import the things that are still relevant and delete those that aren't.

You may want to check into it.

HTH

Joe

Thanks everyone.

GEE, Steve J's answer covers what I was going to say. 8-( Don't forget that education, investment, periodicals, or any other payment paid to increase your business, potential, or make it easier, can be written off within certain limits.

Steve

I know all about the write off, lol.