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i do a considerable amount of daytrading and am seeking a professional to do my taxes this year...who is the best for this and what cost should i expect to pay?...thanks

2007-02-23 22:20:42 · 6 answers · asked by james lecroix 1 in Business & Finance Taxes United States

6 answers

James my boy, I and I hope you know the value of a dollar. Why pay someone for what you can do yourself.? As a trader you obviously understand finance. YOU are the best and least expensive preparer. Damn. It is not rocket science. Get last years return. Read what's new for 2007 in the tax packet. Get busy. If you have little confidence in your ability, check out the Turbo Tax software. This might be the least expensive alternative to a service. Check the J.D.Power approval rating for the various tax preparers. They will have the price ranges for you to review. Good luck!

2007-02-23 22:38:01 · answer #1 · answered by WVJaybird 2 · 0 0

The IRS has 2 diverse finished length classes that communicate employer costs. you're able to get those from the IRS now and see which of the 1000's of costs are acceptable on your artwork. the recent vehicle deduction became basically valid in case you acquire the motor vehicle earlier Dec 31, 2009 (and after Feb 17,2009). on the different hand, if the toddler became born in January of 2010, you will for sure could wait till next year to declare her. in case you had earned earnings in 2009, be advantageous to declare the MAKE artwork Pay credit with the aid of using a SCH M. there's a baby tax credit for toddlers sixteen and youthful of $1000. For low earnings filers, the EIC credit is a lot extra beneficiant while one has a baby.

2016-11-25 20:33:28 · answer #2 · answered by quest 4 · 0 0

Contact the NAEA (national association of enrolled agents) or CSEA (California society of enrolled agents) at the links below. An enrolled agent is held to a higher level of ethics and professionalism than an individual who is only licensed to do tax preparation. EA's must keep up to date on their education, some as much as 90 hours per year minimum is mandated.

Additionally, ask some questions of the preparer you go to see or call ahead of time. There is no need to place each and every day trade sale activity on the tax form....only need to report sales--cost---purchase date---sale for each long or short term bundle of profit or loss from each brokerage house. It behooves you to ask some pertinent questions of a tax professional before setting an appointment, like how much would he/she charge for a Schedule D with many line items?...

Good luck!

A CA EA

2007-02-25 21:37:43 · answer #3 · answered by Meg 2 · 0 0

Since you do a lot of day trading, you will need to get all of your statements together to determine the profit and loss for each trade that you made. If you gave it to a tax preparer, I think that they will charge you quite a bit because they will have to do all of that work for you. Save yourself some money and determine that for yourself by having all of your paperwork in order.

Before you take it to a prefessional, try doing it yourself, it isn't as bad as you think.

2007-02-23 23:51:36 · answer #4 · answered by Steve 6 · 0 0

checked with hr block they wanted 72.00 to do taxes...if its more complicated im sure its more

2007-02-23 23:08:10 · answer #5 · answered by silvertrk8 1 · 0 0

check out the links
http://www.online-couponcodes.com/online-coupons.php?coupon=45292
http://www.online-couponcodes.com/online-coupons.php?coupon=45105

2007-02-25 15:41:59 · answer #6 · answered by ellen h 2 · 0 0

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