taxes | Out of Debt Again

How I Solved The Yearly Hassle of W2s and 1099s

By Mrs. Accountability on January 25th, 2010

I found a nifty little template that will allow me to print to the IRS approved pre-printed W2s and 1099-MISCs (there were a couple of hitches which I’ll detail below).

I have been keeping the books for a small company owned by an elderly couple for going on five years. One of my year end tasks is to type up two W2 forms and my own 1099. Now with Mr. A … click here to continue reading How I Solved The Yearly Hassle of W2s and 1099s

Did Your Paycheck Just Get Smaller?

By Mrs. Accountability on January 19th, 2010

We got a 3% cost of living raise at work; however, after increasing the tax deductions to where they should be after last year’s Making Work Pay Tax Credit, some people are actually taking home less money than they did last year.

I’m willing to bet most companies did not give a raise, so many people will be looking at a smaller take home amount.

I am one of the few who … click here to continue reading Did Your Paycheck Just Get Smaller?

What Arizona Did With Our 2008 Tax Refund

By Mrs. Accountability on January 4th, 2010

Last year we chose to file an extension, so our taxes weren’t due until October 15th. I actually thought we were done on April 4th, and had posted about that but then I went and read a book on self-employment taxes and got myself all freaked out. This year I hope to have them done by April 15th. It is just too nerve wracking waiting for six more months.

Anyway, we … click here to continue reading What Arizona Did With Our 2008 Tax Refund

Arizona’s Charitable & School Tax Credits

By Mrs. Accountability on November 23rd, 2009

Arizona has several tax credits available for individuals: Charitable Tax Credit, School Tax Credits, Health Insurance Premiums, and Water Conservation Systems. These few are mentioned specifically on their website. The 2009 tax forms are not yet available for viewing on the site, but the 2008 tax forms show there are quite a few tax credits available. It will be interesting to see if they have done away with most of … click here to continue reading Arizona’s Charitable & School Tax Credits

Our Taxes Are in the Mail Today

By Mrs. Accountability on October 14th, 2009

Whew. What a relief to FINALLY have them done, and on their way. I am still a little bit nervous that I have not gotten everything, but I have done my very best. I never did find an accountant, darn it! I am going to keep that on my list of things to do for the businesses. I really hope this coming year I will have our taxes done early, … click here to continue reading Our Taxes Are in the Mail Today

Did You File An Extension For Your Income Taxes?

By Mrs. Accountability on September 28th, 2009

If you did file an extension, and if you haven’t already been working on getting your taxes prepared, you better get busy because your extension lasts only until October 15th. Oh, I scared myself just for a minute there, I was hoping it was October, and not September. Whew.

Anyway, I have worked on getting all of Mr. A’s information from 2008 into Quickbooks in the past few weeks. … click here to continue reading Did You File An Extension For Your Income Taxes?

What’s the Value of your Donated Items?

By Mrs. Accountability on September 3rd, 2009

I haven’t done a lot of donating to thrift stores over the years. I tend to hang onto things forever and ever, building up my clutter nest in my bedroom. Therefore, I never really thought about how one would go about putting a value on the things they donated.

Besides, we have never been able to itemize. At any rate, I never really thought about it before, but while looking at … click here to continue reading What’s the Value of your Donated Items?

I Think I Found An Accountant

By Mrs. Accountability on August 11th, 2009

I’ve been asking friends and acquaintances if they have a CPA they can recommend. I have received a few recommendations, but several weren’t taking new clients.

Then the other day, one of our auditors came by to start the proceedings for the yearly audit at my job. While she was asking the normal questions, it occurred to me that she might be able to help me. I asked her, and she … click here to continue reading I Think I Found An Accountant

Arizona’s Raising Our Withholding Taxes

By Mrs. Accountability on April 25th, 2009

Since I take care of Mr. A’s transaction privilege taxes online, I get a monthly email with reminders, updates and changes to Arizona taxes. A couple of weeks ago, an additional one came through stating that Senate Bill 1185 had been approved and our withholding will be increased beginning May 1, 2009.

It’s not a lot, but Arizona withholding taxes are going up. Here’s a screenshot of the increases:

If you review … click here to continue reading Arizona’s Raising Our Withholding Taxes

Owe Taxes and Didn’t File An Extension?

By Mrs. Accountability on April 18th, 2009

Whooo boy… one of my coworkers is in this boat. He had someone come into his house and help him get his home organized, and this included filing his paperwork. On April 15th he discovered he didn’t know where the person filed his tax information! The person was in Oregon and didn’t remember filing any tax paperwork, so my coworker ended up doing nothing that day, not even filing an … click here to continue reading Owe Taxes and Didn’t File An Extension?