Quote:
Originally Posted by Barry-xlovecam
candyx, hire a better accountant ? you easily overpaid $4,000 to $5,000 in taxes from what you say. For example, you can put up to $6,000 a year into an IRA (individual retirement account), 15% of your income into a Keogh retirement account ? this money is not taxed. You are "self employed" there are many business expenses that are allowed when determining your net business income ... Get some tax accounting advice ... |
You are probably right, i need a better accountant. I used a professional tax service company and they filed using the standard deductions amount, this year however i kept receipts for my expenses.
So with a joint return i paid over 7 k federal and over 1 k to the state.