“Start with last year's tax return as your starting point. If you had income or deductions on last year's return, there's a good chance you'll see the same for this year's return.”
“Hopefully, they're in a paper bag or a shoe box somewhere. But if you don't have the actual receipts, payments will be noted on your bank statements. Most banks print out copies of the checks you've written during the year.”
“These places charge by the form, so a small-business owner filing a Schedule C probably pays $150 or so. The price goes up when the business is more complicated.”
“There's no substitute for working with someone year after year, in terms of consistency and planning. The things that may cost you the most on your taxes are things that typically aren't included on the forms, like setting up retirement accounts.”
“The exclusive part is the tricky part. It needs to be dedicated to the office work. It shouldn't have a bed in it, and it shouldn't have a TV that the kids hook their Nintendo up to.”
