At least it's not Death....

[captpackrat]

Finished my taxes!  Whooo!  Most complicated set of tax forms I've ever had to deal with.

The IRS wanted me to list each and every stock transaction I made in 2007, with the name of the stock and number of shares, date purchased, date sold, cost, sale price and profit/loss.  I did about 80 transactions last year!  I'd have had to fill out 4 or 5 Schedule D-1's.  Fortunately the instruction book says I can use a "statement" that provides similar information, and Gainskeeper was able to provide me with a PDF of all of last years sales.  I hope the IRS will accept it; it's got all the same data as the D-1 requires, though the columns are in slightly different order (dates then name, rather than name then dates).

So I had to fill out the 1040, and Schedules B and D.  No C or SE this year, since I didn't do any business activities this year.

I owe the IRS $250 and NE Dept of Revenue another $116.  Damn but Nebraska state income tax is BRUTAL.

Comments

[whitetail.livejournal.com]

I haven't done my own taxes since 1989. I have a kickass accountant who every year saves me more tax than he charges for his services. Last year he saved me at least 20x his $145 fee. He also has never taken longer than one afternoon to complete all my returns. So I save time, save aggravation, save money, and just breathe easier in general because I don't have to sweat the process at all. I realize I'm lucky, tho. I have heard some real horrorstories about tax preparers...