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How easy/difficult is your income tax

Do you not have working copies?[/QUOTE]

No, they may have when I picked up the forms at the library years ago, but now I print off a copy from the computer. I could print a second copy but don't and in any case if I have more than one figure to add to enter on one line then I have to do the arithmetic before I enter it onto the form.
 
The government stopped sending out the returns with instructions around 2010 or so.
 
Rickrock said:
No, they may have when I picked up the forms at the library years ago, but now I print off a copy from the computer. I could print a second copy but don't and in any case if I have more than one figure to add to enter on one line then I have to do the arithmetic before I enter it onto the form.
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We have paper copies, printable (you fill out by hand) and PDF (you fill out on your computer) copies available through the government website. There is also online filing, but I'm not sure how that works.
 
unloadonme said:
Income Tax is deducted from my salary every month by the Pay As You Earn (PAYE) system. There's nothing more for me to do.
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What many British people in the PAYE system overlook is that you can apply for a refund of overpaid tax every year. Keep the tax deduction certificates from your bank and your P60 and ask HMRC to send you form R40. It can blow up in your face though, as I found out when I started letting my flat and it turned out I'd paid too little tax that year. Swings and roundabouts.
 
Essex Boy said:
What many British people in the PAYE system overlook is that you can apply for a refund of overpaid tax every year. Keep the tax deduction certificates from your bank and your P60 and ask HMRC to send you form R40. It can blow up in your face though, as I found out when I started letting my flat and it turned out I'd paid too little tax that year. Swings and roundabouts.
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You don't get a repayment without overpaying in the first place. In one sense I always feel that I've paid too much, but invariably it's the legally due amount.
 
I used the R40 last year to claim back overpaid tax the bank had paid on interest.

I work in Finance and found the R40 not the easiest to understand, especially with different types of interest.

I imagine many would give up. However, I did get the refund.
 
Way too complicated for me. My accountants are in charge. I simply follow instructions. It's always filed the last day of whatever the date of the final extension allowed.
 
There were major changes this year to the U.S. tax code and IRS forms. Americans also have to complete state tax forms.

It is difficult the first time, but gets easier every year to do oneself especially with e-filing software. I would not recommend going about taxes by oneself while owning a business.
 
unloadonme said:
Income Tax is deducted from my salary every month by the Pay As You Earn (PAYE) system. There's nothing more for me to do.
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This is the first year we have taxes deducted directly from source but we still have to fill out a yearly declaration.

So I now receive my pensions minus the taxes.
 
Buy a copy of Turbo tax evr year thats what we do No lie if you have all your W2s etc it takes 15 minutes have used it since the late 1980´s it cost around $34
 
Super easy barely an inconvenience.


So easy I don't even have to file.
 
Joke I remember seeing in the 1980s in the work room near my father's office...

An easy 1040 form. One line asks: how much did you make? The second line says: Send it all in!

:lol:
 
It is really easy for me. My brother is a CPA and has done my income taxes for years and it costs me nothing.
 
I've always done my own except when I sold the house in Arkansas.

Sometimes use software, sometimes phoned return, sometimes long forms, sometimes short form.

Currently easy on federal taxes, but state forms are usually annoyingly odd.
 
My last year's tax return had 50 pages. Can't wait to see the result this year.

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