Filing Taxes: Personal & Business?

[rbvernon]

OMG, it is the time of year!! I started doing my taxes through Tubro Tax, did it last year and I love it, so I figured I would do it again. My question is to everyone: Are ya'll filing taxes together; like personal and business? I am unsure of how to do it. I needed step in the right direction. Never had a business before.

I will keep looking on the threads to see if I find anything.

Thanks so much.

 

[NooraK]

One of the questions Turbo Tax should ask you is if you started a business this year. Since you haven't incorporated your business, I believe it's personal income. Turbo Tax will probably recommend that you upgrade to "Home & Business."

(I'm in no way a tax expert, but that's how I've filed. On my personal taxes using a Schedule C, and I use Home & Business for Turbo Tax)

 

[rbvernon]

Did I also say that I have no clue when it comes to taxes. I am not even sure what is a Schedule C??

 

[DebbieJ]

Did I also say that I have no clue when it comes to taxes. I am not even sure what is a Schedule C??

if you have no clue, you should be hiring an accountant.

 

[mscharf]

I go to a great accountant at H&R Block. I got the coupon off of Consultant Corner, so I get to save a few bucks. He knows what he is doing and it is insured. He also finds lots of deductions that I never would have thought of. So if they make a mistake, we don't pay they do.

 

[DessertDivaFL]

If you don't know, don't do it yourself. The IRS really penalizes you when you make a mistake. Even if THEY make the mistake, they still charge YOU interest. That just happened to a friend of mine. My advice: go to H&R Block! That is what I have done since 1996 and I always ask for the same person each year.