Posted by: VA_taxprepare2011 February 10, 2012
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Hey Gorkhe bro, we will catch up one day!
Nice Ojaswi!
Those software are quite nice IF you preparing a simple tax return. But, if you qualify for complex ones, then you are very likely to miss out on the refund dollars.
We do not even have to dig too deep. Let us talk about the first part, the part that is before Income.... filing status/exemption/etc.... It is a bit convoluted(a tad bit), but you could devise numerous money saving strategies using those simple items!!
I would like to take a different approach at the famous phrase "with taxes, it is not what you know, it is what you do not know." You might do everything right but because of the fact that you do not know much about the rule, you might lose out on getting those precious dollars that you worked so hard for. The classic approach towards the argument would be "you will get audited because you filed it wrong and then you will have to pay interest and penalty."
Nice Ojaswi!
Those software are quite nice IF you preparing a simple tax return. But, if you qualify for complex ones, then you are very likely to miss out on the refund dollars.
We do not even have to dig too deep. Let us talk about the first part, the part that is before Income.... filing status/exemption/etc.... It is a bit convoluted(a tad bit), but you could devise numerous money saving strategies using those simple items!!
I would like to take a different approach at the famous phrase "with taxes, it is not what you know, it is what you do not know." You might do everything right but because of the fact that you do not know much about the rule, you might lose out on getting those precious dollars that you worked so hard for. The classic approach towards the argument would be "you will get audited because you filed it wrong and then you will have to pay interest and penalty."