Death And Taxes

MarkTJohnson

Can we even still do pen and paper forms?

W Balboos GHB

As for the need for magically complicated efforts? That depends: Was the 1099 to you or you as a Doing Business As? Just claim in on Schedule C or C-EZ If you were an LLC - no partners and it's an easy pass-through With partners? I did this - you've a bunch of not-too-difficult forms and you allocate the money to you & partner, then use it like income. And don't forget that SEP! As for the application I use? Spreadsheet. I put in the line number on the form with the line number on the spread-sheet. Build in the simple math. Off to the (right) side I may have some table for the various things that need to be totaled, such as multiple W-2's, etc. Transcribe when all done. Fed forms are fill-in-saveable pdf format.

Ravings en masse^

"The difference between genius and stupidity is that genius has its limits." - Albert Einstein

"If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010

jeron1

Yes, I make my tax preparer give me the forms on paper, she hates me for it, oh well. :laugh:

"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment "Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst "I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle

Maximilien

[Death and Taxes](https://www.youtube.com/watch?v=KcktbuVgHvw) from [Meet Joe Black (1998) - IMDb](https://www.imdb.com/title/tt0119643/)

I'd rather be phishing!

theoldfool

Tax Cut (H&R Block), been using it for about 8 years. Worth the $20. If you did a contract, you should have the expense records for being able to do it. New form this year: "List your 2019 income. Send it" :)

If you can keep your head while those about you are losing theirs, perhaps you don't understand the situation.

ZurdoDev

Just file your own 1040. The instructions will tell you where the 1099's form should be reported.

Social Media - A platform that makes it easier for the crazies to find each other. Everyone is born right handed. Only the strongest overcome it. Fight for left-handed rights and hand equality.

TheGreatAndPowerfulOz

It sounds like your taxes are pretty simple. Just fill out the free online form available at irs.gov. If you don't want to do that I've used freetaxusa.com

#SupportHeForShe Government can give you nothing but what it takes from somebody else. A government big enough to give you everything you want is big enough to take everything you've got, including your freedom.-Ezra Taft Benson You must accept 1 of 2 basic premises: Either we are alone in the universe or we are not alone. Either way, the implications are staggering!-Wernher von Braun

charlieg

I was dubious at first, but I've used Credit Karma the last 3 years. It galls me to have to pay to file things electronically. Was a long time user of HR Block, but got sick of the free Federal, $39 State bs. I don't do 1099s, I'm my own C Corp, and my accountant (God Bless her) handles the corporate side. I've found CK perfectly suitable and really free (no income limitation BS, etc).

Charlie Gilley <italic>Stuck in a dysfunctional matrix from which I must escape... "Where liberty dwells, there is my country." B. Franklin, 1783 “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” BF, 1759

TheGreatAndPowerfulOz

My son has used Credit Karma and likes it. :)

#SupportHeForShe Government can give you nothing but what it takes from somebody else. A government big enough to give you everything you want is big enough to take everything you've got, including your freedom.-Ezra Taft Benson You must accept 1 of 2 basic premises: Either we are alone in the universe or we are not alone. Either way, the implications are staggering!-Wernher von Braun

Mark_Wallace

You can do your taxes without software in just two simple steps: 1. Count how much you've got left. 2. Send it in. (Related with a tip of the hat to the brilliant Bobby Thompson[^], RIP) [edit] Added a link, to reduce confusion over which Bobby Thompson I mean, and to vastly increase confusion for them as don't speak Pitmatic [/edit]

I wanna be a eunuchs developer! Pass me a bread knife!

Roger Wright

I've been using TurboTax for years and never had a problem. I originally used the free version, but as life got more complicated, I switched to the paid version. Unless you made a ton of money, you can probably use the free edition. I may have to upgrade again this year, since I started trading options and such last year, but it's worth it to have every transaction automatically imported for me!

Will Rogers never met me.

Gary R Wheeler

I've always used TurboTax. They basically have three versions. The middle level version supports 1099 reporting, and typically runs $50, compared to $35 for the bottom version. The top-level version is for folks with significant investment income, real estate assets, or business ownership issues. IMO the mid-level version (usually called 'Deluxe') is well worth the money.

Software Zen: delete this;

Jorgen Andersson

I read the title as "Death and Texas", and wondered, what is he up to now?

Wrong is evil and must be defeated. - Jeff Ello

Daniel Pfeffer

Marc Clifton wrote:

There is no exemption because of death! :rolleyes:

I'm spending a year dead, for tax purposes. :D Stolen unashamedly from the Hitchhiker's Guide to the Galaxy

Freedom is the freedom to say that two plus two make four. If that is granted, all else follows. -- 6079 Smith W.

Craftsmandan44077

You can do free file thru Irs website or use the basic HRBlock or TurboTax software.

rjmoses

I've been rich and I've been poor. Poor is better--nobody taxes it, nobody steals it, nobody tries to take it away from you, nobody says you owe them more poorness.

honey the codewitch

Me too, and I agree.

hack everything.

agolddog

First, I assume from the use of 1099 you're in USA. I've used TurboTax online for years. Super simple to use, guides you through the process as much (or as little) as you like. I want to say that you don't have to pick your price level til the end based on how complex your return is, but not 100% sure on that. Year-over-year it's nice too. Carries info forward, reminds you if you (for example) had income from source X last year, but not this year--"did you forget X?".

agolddog

Daniel Pfeffer wrote:

Marc Clifton wrote:

There is no exemption because of death! :rolleyes:

I'm spending a year dead, for tax purposes. :-D Stolen unashamedly from the Hitchhiker's Guide to the Galaxy

Nice steal. 2) Well, kind of, Marc (in USA at least). Your estate is liable for debts owed, including income taxes. I believe that's limited to the value of the estate, that not even the IRS can go after heirs' assets. However, capital gains on investments are calculated from the investments' price at the decendent's date of death, not from the original purchase price. Hopefully, that's better for the heirs, and certainly a lot less hassle. 3) For those single people out there, make sure that your assets are what's called "transfer on death". This means the asset transfers to the designated person without going through the probate process. Thus, they're more immediately available, and the local government doesn't get a cut. All of this is based on my experiences being the representative of a few estates in the midwest USA, and I am not a lawyer, so take these statements with a grain of salt.

Slow Eddie

I am a lawyer in Louisiana, who no longer practices law. You have never seen such naked greed or bitter in-fighting as when it is a large estate. Coming in second is the sale of a house because of a divorce.

Never trust a dog with red eyebrows!