[ale] ot: back to taxes

[Jim Kinney]

You can always file an amended return later to claim something you missed and get your overpay back or apply it to next year.
The key thing is to file and pay by April 15.

I always balanced the deduction vs the cost of the paperwork and subsequent tracking. Overpaying taxes by a couple hundred beats a potential audit redflag by using some squirrelly deductions. Even with records better than a saint, the time cost of a preliminary audit review is substantial. L

On April 1, 2015 8:37:40 AM EDT, DJ-Pfulio <DJPfulio at jdpfu.com> wrote:
>On 04/01/2015 08:13 AM, Lightner, Jeff wrote:
>> I doubt you need to file an extension unless you’ve got something
>really
>> complicated (e.g. a lot of expenses you’re deducting for this side
>gig).
>
>My extension comment was for the CPA.  They aren't sleeping in Feb -
>Apr15, so
>they just file extensions out of habit.
>
>If you do it yourself, especially the first time, you'll probably pay
>too much.
>Everyone should pay their share, but not 1 penny more.  Get
>professional help
>this year and you can follow that on your own for the next 10 yrs,
>assuming
>nothing big changes in your personal situation, complex tax laws, or
>the amount
>of money involved.
>
>There is piece of mind in seeing a pro and knowing you aren't missing
>something
>trivial to save on taxes. A 10 min talk about deductions and expenses
>can save
>you thousands in the tax bill.
>
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-- 
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