Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Title says it all. I can't stand getting my taxes ready for my accountant. I have rental properties so have to include all of the expenses and it's a pain in the booty.
I am just SICK OF IT. I hate it. It takes literally days - I feel I have to list everything; recap everything. Ugh.
I'm in mid-old-age and just wonder how much longer I can possibly do this and also how other old people do it.
I remember this post from last year. You can hire someone to do it for you.
Property management company would be too expensive, and by that I mean that I cannot justify the expense of charging a commission on rents. The rents are not cheap.
And property management companies wouldn't be able to assist with tax prep.
You would hire a part time bookkeeper that worked with a CPA at the end of the year to complete your tax returns. It's not rocket science. You would still need to keep all your paperwork, but, you would be feeding it to the bookkeeper on a monthly basis throughout the year. Call around FFS.
We get an accountant to do our tax, but I still do the lists etc for our rental properties manually. This may well stress the accountant but if I switch to a spreadsheet I will be stressed, so the accountant just has to put up with me doing it the way I have always managed it.
The beauty of retirement is you don't have to do anything you don't want to do.....well other than obligatory things like paying pesky taxes etc. And I pay someone to do that for me.
Everything else is basically "do I really want to do this?"
I have said it before but with EVERYTHING being computerized right now, I think it would be possible for government to just issue you an "invoice" or a refund payment, with the right of people to contest it by filling out an "old way" 1040, etc. with documentation if they don't agree.
Of course, the downside would be that would probably mean a lot of people employed by firms like HR Block that cater mainly to the working and middle class would go out of business.
I use to do my paper returns, and the returns of coworkers for free. I kind of enjoyed it. Now, it's a chore and I pay someone. Not only that, it's a 45 minute drive each way; two trips, one to drop off the stuff and another to sign it all. In that time I could do it myself, but I'm too swamped with making medical decisions and end of life plans now.
I have said it before but with EVERYTHING being computerized right now, I think it would be possible for government to just issue you an "invoice" or a refund payment, with the right of people to contest it by filling out an "old way" 1040, etc. with documentation if they don't agree.
Of course, the downside would be that would probably mean a lot of people employed by firms like HR Block that cater mainly to the working and middle class would go out of business.
And that is a powerful lobby.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
