2ffat
Member
I did our taxes a week ago BEFORE they announced this. Now we wait.
I spend $200 per year to not worry about my taxes.
I agree. That's money very well spent to have a pro do your taxes.
Coloradans received money last year due to a surplus of taxes collected over what was needed. Per our Tabor law this money has to be refunded unless the voters allow the State to keep it for whatever reason they deem necessary.
Latest news from our Governor says we don't have to report it. I use TurboTax so will have to see if they updated the State form.
Report it to who, the state or the Feds? I don't have to worry here in NV but I'd be leery of a state governor making pronouncements on income tax because of the federal entanglement.
I've been using TurboTax for about nine years, and couldn't be more pleased. It walks you through the process carefully, and does so in a way you can understand.
I did my taxes last weekend in less than three hours, and that included the time for me to go through my bank statements to find my charitable donations, etc. Quick and easy...![]()
Owning a business, plus having interest and dividends from multiple sources means a lot of data collection. Papers need to be assembled and one must wait for the investment companies to mail all the 1099s. Bank interest must be reported in January, but other stuff can take awhile. I usually make it just under the wire.
The actual data entry takes me less than an hour. If you send a pile of papers to a tax pro on April 10th chances are you won't make it in time.