Comments on: How I Do My Taxes https://productivewriters.com/2014/02/17/how-i-do-my-taxes/ Work Less ~ Earn More ~ Live More Mon, 13 Dec 2021 15:16:45 +0000 hourly 1 By: Amir Sibboni https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13847 Sat, 19 Apr 2014 07:50:23 +0000 http://productivewriters.com/?p=5143#comment-13847 This was highly informative. I do some freelance work on top of my day job and those 1099s are really pesky. I’ve been learning on keeping a record of my expenses and now I have more tips. I love the envelope idea so thank you for that. Is turbo tax reliable? I’ve been doing my taxes on my own and it would be nice to have some software help.

]]> By: John Soares https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13122 Wed, 26 Feb 2014 16:18:17 +0000 http://productivewriters.com/?p=5143#comment-13122 In reply to Paula Hendrickson.

Paula, I also keep the three envelopes in permanent storage, just in case I ever get audited.

]]> By: Tips For Getting Ready For Tax Season : Smartstartcoach https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13119 Tue, 25 Feb 2014 23:02:19 +0000 http://productivewriters.com/?p=5143#comment-13119 […] How I Do My Taxes […]

]]> By: Paula Hendrickson https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13117 Tue, 25 Feb 2014 17:46:15 +0000 http://productivewriters.com/?p=5143#comment-13117 In reply to John Soares.

My system might be accurate, but it could certainly be better organized!

Thanks to your tip I now have my 2014 envelopes marked and stashed in the same drawer I used to just toss the receipts in!

]]> By: John Soares https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13116 Tue, 25 Feb 2014 17:41:43 +0000 http://productivewriters.com/?p=5143#comment-13116 Paula, if it’s working for you, and it’s accurate, there’s no need to change.

]]> By: John Soares https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13115 Tue, 25 Feb 2014 17:40:54 +0000 http://productivewriters.com/?p=5143#comment-13115 In reply to Sahith.

Excel can be very useful for organizing tax info. I use it to organize my work contacts and income.

]]> By: Paula Hendrickson https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13082 Sun, 23 Feb 2014 22:11:46 +0000 http://productivewriters.com/?p=5143#comment-13082 I love your three envelope idea, John. I’ll start that today for 2014.

I started using TaxAct a few years back when my (then) computer was so old it was no longer compatible with other income tax software. But I skip the free version (adequate for most, but I want to be sure I don’t miss anything) and go for the premium one. It walks me through the process, tells me where everything needs to go and does the math for me. The hardest part is double checked that I haven’t missed any receipts or expenses.

I’m open to trying other programs, but this one saves and imports any pertinent info from previous years…and I’m lazy.

]]> By: Freelance taxes roundup https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13053 Fri, 21 Feb 2014 13:00:35 +0000 http://productivewriters.com/?p=5143#comment-13053 […] How I Do My Taxes. John Soares of Productive Writers offers some great tips on how to be, of course, more productive in managing your freelance taxes. I’ll echo his sentiments about funding your IRA, SEP-IRA or other retirement vehicle to the greatest extent possible. And he made me feel a little less guilty about not using an accounting program, which is nice. John’s updated “The 8 Top Ways to Legally Lower Your 2013 Freelance Writer Tax Bill” is also worth a read. […]

]]> By: Sahith https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13023 Wed, 19 Feb 2014 11:03:47 +0000 http://productivewriters.com/?p=5143#comment-13023 I use excel for all the reports and expenses. I am not an expert in excel, however I am learning the basic things 🙂

]]> By: John Soares https://productivewriters.com/2014/02/17/how-i-do-my-taxes/#comment-13018 Tue, 18 Feb 2014 22:11:20 +0000 http://productivewriters.com/?p=5143#comment-13018 In reply to Cathy Miller.

I always double-check my 1099s versus the payments I received. (Everyone should do that!)

Glad H&R Block pulls in your old return. Turbotax does that also. I’m very grateful for that because it picks up data that’s continued from year to year.

]]>