I was finally able to get the last of my tax paperwork together on Friday and to the accountant. I had something like a dozen 1099 forms, 2 W2s, qualified tuition forms, qualified student loan interest forms, and something else that I probably forgot.
I ran through my own taxes at the end of January using a free version of TurboTax to calculate ballpark figures for my FAFSA. Now my taxes are with my accountant to work out the details. My taxes are complex due to the number of accounts, deductions, and credits I have. For something as important as my money, I would rather pay a professional to deal with the tax side. My degree is in finance and my experience is in banking. Even though I am financially savvy, I cannot keep up on all of the laws and changes every year.
I should be getting a refund of about $2500 (give or take). I’ll let you know what happens.
Do you use an accountant or do your own taxes. I know regular reader/commenter Dale is a tax professional, which is the best of both worlds. Are any other readers accountants or tax professionals? Please tell us what you do in the comments.
