Comments on: My Six Biggest Tax Deductions for 2006: Mortgage Interest http://www.bargaineering.com/articles/my-six-biggest-tax-deductions-for-2006-mortgage-interest.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 06:04:27 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Foobarista http://www.bargaineering.com/articles/my-six-biggest-tax-deductions-for-2006-mortgage-interest.html/comment-page-1#comment-51827 Foobarista Tue, 19 Dec 2006 23:28:15 +0000 http://www.bargaineering.com/articles/my-six-biggest-tax-deductions-for-2006-mortgage-interest.html#comment-51827 For us, the "tax preparer" issue was crossed last year when I couldn't easily figure out where to put stuff in things like Turbotax. It was clear then that our taxes were beyond "ordinary", and starting to get "wierd", so we went out and found a CPA to do our taxes. He cost several hundred bux, but found several items I didn't know about and more than paid his fee in saved taxes. We had seven different "schedules" last year, between my work, my wife's self-employment, some income property, and a couple of partnerships and investment groups we're involved with. Also, since my wife is self-employed, the tax preparation can be considered a business expense and is tax deductible. And I like aggressive; as long as you have full documentation, you'll be OK in an audit. For us, the “tax preparer” issue was crossed last year when I couldn’t easily figure out where to put stuff in things like Turbotax. It was clear then that our taxes were beyond “ordinary”, and starting to get “wierd”, so we went out and found a CPA to do our taxes. He cost several hundred bux, but found several items I didn’t know about and more than paid his fee in saved taxes. We had seven different “schedules” last year, between my work, my wife’s self-employment, some income property, and a couple of partnerships and investment groups we’re involved with. Also, since my wife is self-employed, the tax preparation can be considered a business expense and is tax deductible.

And I like aggressive; as long as you have full documentation, you’ll be OK in an audit.

]]> By: jim http://www.bargaineering.com/articles/my-six-biggest-tax-deductions-for-2006-mortgage-interest.html/comment-page-1#comment-51715 jim Tue, 19 Dec 2006 14:35:17 +0000 http://www.bargaineering.com/articles/my-six-biggest-tax-deductions-for-2006-mortgage-interest.html#comment-51715 I wouldn't say that I do them myself, I use a program like TurboTax (I don't navigate the 1040 paper forms myself). The one thing that concerns me with tax preparers is that many people complain about how aggressive they are (which is self-serving, the preparer wants to get you as much money as they can so you will come back) and ultimately you're on the hook. So, I'll just stick with TurboTax. :) I wouldn’t say that I do them myself, I use a program like TurboTax (I don’t navigate the 1040 paper forms myself). The one thing that concerns me with tax preparers is that many people complain about how aggressive they are (which is self-serving, the preparer wants to get you as much money as they can so you will come back) and ultimately you’re on the hook. So, I’ll just stick with TurboTax. :)

]]> By: Shelley Batts http://www.bargaineering.com/articles/my-six-biggest-tax-deductions-for-2006-mortgage-interest.html/comment-page-1#comment-51619 Shelley Batts Tue, 19 Dec 2006 04:00:25 +0000 http://www.bargaineering.com/articles/my-six-biggest-tax-deductions-for-2006-mortgage-interest.html#comment-51619 Great info. Quick question though---I wonder when it becomes worth it to have someone else do your taxes, or when its worth it to do them yourself. Do you always figure out your own deductions? Great info. Quick question though—I wonder when it becomes worth it to have someone else do your taxes, or when its worth it to do them yourself. Do you always figure out your own deductions?

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