Self Employed..Need Deductions...Help!

Search

I'll be in the Bar..With my head on the Bar
Joined
Oct 3, 2004
Messages
9,980
Tokens
Heres my deal...been having my taxes done every year by a lil old lady type whos never let me down..however ovr those years i had 3 kids and earned income credits and hell i never pd it much attention cus i rarely had to pay and as long as i dont get audited or have to pay im cool with it...
Well now im single, no deductions, no earned income credit (my oldest turned 18 early last yr) soooooooooo i get my forms in today from the lil ol lady and I OWE $2,300 !!!!! Federal that is....i hate to see my state return after 3 yrs of this tax crazed murdering govenor...but i digress..
Can anybody point me to a site/sites that has GOOD info..i went to the irs site and everythings there but i get lost halfway thru a paragraph with all the mumbo jumbo they talking...i'm self employed filing single unmarried and broke...lol
Also anybody outhere that knows this shit and would like to spend an evening on the phone with me i'll pay...contact me via a moderator

:ughhh: :ohno: :icon_conf :smoking:
 

New member
Joined
Nov 8, 2004
Messages
2,553
Tokens
I have 2 friends who have a tax service. I did my own for decades got too complicated so I let them do it. So far so good.

I can tell them your situation, will save you some $ on the phone conversation.

Although it sounds like you broke the rules and knew it. That is probably a no go.
 

I'll be in the Bar..With my head on the Bar
Joined
Oct 3, 2004
Messages
9,980
Tokens
no no never broke any rules, i just never deducted all my buisness expenses and such that i could have...ive been overpaying for years but now i need those deductions....im talking phones, cars, rental units, etc that i use for work
 

New member
Joined
Sep 21, 2004
Messages
5,398
Tokens
One deduction you might want to leave off, however tempting, is the home office. It's hard because it's a huge one, but statistically people who file home office deduction are three times as likely to get audited as those who don't.


Phaedrus
 

Forum statistics

Threads
1,117,979
Messages
13,549,996
Members
100,552
Latest member
taitdtcpro1
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com