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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (27816)3/5/2005 2:52:27 PM
From: GraceZRead Replies (1) of 306849
 
The 1099s and 1098s I get always contain errors. I go with what I can document with my own records.

Good luck doing your own return. I've done many a return for friends and family but I refuse to do my own. It's a nightmare. I had a friend who is also self-employed, who Turbo-taxed her return one year. She got assessed a penalty for incorrectly calculating her quarterly payments. She wanted to compare what she had done with what I had in my return, prepared by a professional.

I pulled out the first sheet and she says, "I have that and it looks the same as yours." Then I pulled out each successive sheet, just for that particular calculation, I think it came to four or five pages altogether and each time I'd say, "But do you have THIS sheet..." By the last sheet we were laughing so hard just to keep from crying. My tax return every year is so thick I can't get a staple to hold it together.

Don't even get me started on the AMT calculations.
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