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Spend $100 and get a Home Business version of - Turbo Tax

Posted: Apr 10th, 2012 - 5:47 pm In Reply to: The thing is I can't afford that. - zippy

It's a deductible expense. You cannot, repeat CANNOT just "figure this out" on your own if you don't even have some basic tax education.

Turbo tax will walk you through the steps and get your schedule C done mostly correctly. If you are going to continue being a contractor, though, if you can't take the time to do some education on taxes, you need to have someone do them for you - it's a deductible expense, so it's well worth it.

Have you been either paying quarterly taxes or putting money aside for the tax bill that is going to be due next week?

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Question about 1099-MISC - zippy (Views: 401, 2012-04-10, 3:44 pm)
- not sure I understand the question - Ayn (Views: 225, 2012-04-10, 4:04 pm)
  - 1099 - alias (Views: 245, 2012-04-10, 4:13 pm)
  - Agree and ... - sm (Views: 209, 2012-04-10, 10:04 pm)
    - sm - zippy (Views: 171, 2012-04-11, 10:39 am)
- 1099 - emo (Views: 273, 2012-04-10, 5:06 pm)
  - The thing is I can't afford that. - zippy (Views: 238, 2012-04-10, 5:15 pm)
    - Spend $100 and get a Home Business version of - Turbo Tax
      - sm - zippy (Views: 208, 2012-04-10, 7:24 pm)
    - The IRS has volunteers who help with taxes - alana (Views: 177, 2012-04-10, 6:43 pm)
      - The IRS has been no help. - zippy (Views: 187, 2012-04-10, 7:25 pm)
    - You can't afford not to - emo (Views: 194, 2012-04-10, 7:07 pm)
      - I tried Turbo Tax. sm - zippy (Views: 216, 2012-04-10, 7:28 pm)
        Call the closest Communitiy Action Office - They will direct you to a person (Views: 165, 2012-04-10, 7:37 pm)
        Thank you. I will do that. nm - zippy (Views: 144, 2012-04-10, 9:52 pm)
- Professional saves money - sm (Views: 250, 2012-04-10, 8:06 pm)
  - LOL you won't go to jail - don't let this person scare you - sm (Views: 212, 2012-04-10, 8:16 pm)
    - Jail unlikely--Friends Dad spent 6 month in slammer - Tax Evasion (Views: 240, 2012-04-10, 8:31 pm)
      - Somehow I think there's more to the story. - me (Views: 178, 2012-04-11, 4:12 am)
    - I know someone that hasn't filed in years. - zippy (Views: 200, 2012-04-10, 9:55 pm)
      - It is only $25,000 fine and a year in jail per year - No worries (Views: 181, 2012-04-11, 9:01 pm)
        Quit trying to scare the OP sheesh! - sm (Views: 153, 2012-04-11, 11:09 pm)
        Just the facts - sm (Views: 150, 2012-04-12, 7:28 am)
        Thank you for the positive advice. nm - zippy (Views: 129, 2012-04-12, 11:30 pm)
        I know someone who hasn't filed in 12+ years and has now fled the country. (nm) - just me (Views: 140, 2012-04-12, 6:09 pm)
- Also file an extension right away - sm (Views: 193, 2012-04-10, 8:11 pm)
  - Thank you so much! I will definitely be doing that. - zippy (Views: 153, 2012-04-10, 9:56 pm)
  - The extension only gives you time to do the paperwork - if you owe money, you still owe it now (Views: 165, 2012-04-10, 10:43 pm)
    - Thank you for the suggestions. - zippy (Views: 149, 2012-04-11, 10:33 am)
      - Don't worry about paying anything with your extension - just file the paperwork now (Views: 139, 2012-04-11, 11:11 pm)
- Go to a USPS and get a booklet for whatever - sm - Zorro (Views: 179, 2012-04-10, 8:15 pm)
  - Thank you! nm - zippy (Views: 133, 2012-04-10, 9:57 pm)
  - tax program - done (Views: 179, 2012-04-10, 9:58 pm)
    - Yes. That is what happened with Turbo Tax. - zippy (Views: 226, 2012-04-10, 10:25 pm)
- I agree with the poster above that the very - first step is to file (Views: 168, 2012-04-10, 11:10 pm)
  - Thank you for the suggestion. :) nm - zippy (Views: 138, 2012-04-11, 10:31 am)
- Zippy - sm (Views: 199, 2012-04-11, 2:08 am)
  - Thank you for the suggestion. :) nm - zippy (Views: 139, 2012-04-11, 10:34 am)