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Chat Thread: Ready for the reign/rain to end

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ConnorEl said:
Preliminary feedback from my tax software indicates...I need to get an accountant.

:confused:
Click to expand...

06deacon said:
If it’s TurboTax I finish the return before getting pissed at the shortfall. That real time updating calculator isn’t that helpful
Click to expand...

Yeah, haven't made it through, but based on where I am we're gonna owe quite a bit, baby.

Earning less last year in salary (working less, maximized 457b and 403b contributions, and thus less tax taken out) but a lot more in interest/dividends as I've been hoarding cash (or fairly liquid assets) for some time for a variety of reasons...I did on purpose sell enough losing stock to maximize capital loss deduction (not yet factored into the software). But apparently did a terrible job factoring in the sum of the tax liability of all these variables.

Probably need to review some pre-retirement tax strategy with an accountant anyhow sometime soon.

These guys are close by...anyone here know if they're good?

Winston-Salem, NC Accounting Firm | Home Page | Cannon & Company, L.L.P.

Take a look at our Home page. Cannon & Company, L.L.P. is a full service tax, accounting and business consulting firm located in Winston-Salem, NC.
www.cannonandcompanyllp.com www.cannonandcompanyllp.com
 
06deacon said:
If it’s TurboTax I finish the return before getting pissed at the shortfall. That real time updating calculator isn’t that helpful
Click to expand...

HRBlock...

Riveting, on the edge of your seat update...the software was counting "excess retirement contribution" as income...basically my entire (maximized) 457b contribution. Now that I've informed the software to not do that, the situation is not so terrible. Still gonna owe (probably), but not a F'd up as it appeared.
 
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One of the negatives about not being religious anymore is not knowing or remembering to plan around Easter.

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Morning CT!

Due to my herniated disks, I've had limited use of my left arm. I've noticed the tone in my bicep is diminishing. I'm starting to look like the single guy with one arm larger than the other who Jack's off all the time.
 
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