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-   -   1040A is no more. (http://www.paceadvantage.com/forum/showthread.php?t=150286)

Actor 02-05-2019 06:13 AM

1040A is no more.
 
The IRS got rid of Form 1040A. I was not consulted. Now my taxes are a lot more complicated. They're diving me nuts.

MPRanger 02-05-2019 02:32 PM

Quote:

Originally Posted by Actor (Post 2427573)
The IRS got rid of Form 1040A. I was not consulted. Now my taxes are a lot more complicated. They're diving me nuts.


Damn! What are WE sposed to do?

Actor 02-05-2019 02:36 PM

Quote:

Originally Posted by MPRanger (Post 2427697)
Damn! What are WE sposed to do?

Pay a professional I guess. :bang:

PaceAdvantage 02-05-2019 03:01 PM

Do what I do.

Use TurboTax

If your return is simple, you can do it online for free.

If it's a little more complicated, spend $30-$100 (depending on what you need) for the downloadable software (which is what I do).

Takes most of the pain out of doing even moderately complex returns. Plus you can deduct the cost on your return.

Tom 02-05-2019 03:41 PM

Been using TT for 8 years.
Did mine online today, over coffee - took an hour.
Thanks for reminding me mostie!

$129 for both Def and State, eFiled, and pay the bill out of the refund.
I get full records in PDF format.

Estimated date of return - 21 days.

Simple to use, and after year 1, your data is there and it is much easier to do,
Step by step through everything you need to do, and they fill out the forms for
you.

Can't recommend it enough.
And when you have to account for BILLIONS every year like I do.....:headbanger:

kingfin66 02-05-2019 04:08 PM

Quote:

Originally Posted by Tom (Post 2427727)
Been using TT for 8 years.
Did mine online today, over coffee - took an hour.
Thanks for reminding me mostie!

$129 for both Def and State, eFiled, and pay the bill out of the refund.
I get full records in PDF format.

Estimated date of return - 21 days.

Simple to use, and after year 1, your data is there and it is much easier to do,
Step by step through everything you need to do, and they fill out the forms for
you.

Can't recommend it enough.
And when you have to account for BILLIONS every year like I do.....:headbanger:

Did you get your tax info from twinspires? Still have not received it nor is it available online.

wisconsin 02-05-2019 06:34 PM

Quote:

Originally Posted by kingfin66 (Post 2427735)
Did you get your tax info from twinspires? Still have not received it nor is it available online.


Just a silly question for you...

Are you aware that the "300-1" rule is now against the entire cost of your ticket?

Unless you play a $1 or $2 ticket and get lucky, signers nearly eliminated.

NorCalGreg 02-05-2019 09:21 PM

.
I got a W2G for winning a Pick-4 in March. The new rule didn't go into effect until Sept 28th....and IS NOT RETROACTIVE. :confused:

garyscpa 02-05-2019 09:45 PM

Quote:

Originally Posted by NorCalGreg (Post 2427871)
.
I got a W2G for winning a Pick-4 in March. The new rule didn't go into effect until Sept 28th....and IS NOT RETROACTIVE. :confused:

What? Give us some facts. The new rule went into effect in September 2017.

NorCalGreg 02-05-2019 10:31 PM

Quote:

Originally Posted by garyscpa (Post 2427876)
What? Give us some facts. The new rule went into effect in September 2017.

Instead of "demanding facts" figure it out. I demand you post your CPA credentials, and I'll post my W2G.

garyscpa 02-05-2019 11:33 PM

Quote:

Originally Posted by NorCalGreg (Post 2427897)
Instead of "demanding facts" figure it out. I demand you post your CPA credentials, and I'll post my W2G.

Just trying to help you out. I'll post them tomorrow.

kingfin66 02-05-2019 11:59 PM

Quote:

Originally Posted by wisconsin (Post 2427790)
Just a silly question for you...

Are you aware that the "300-1" rule is now against the entire cost of your ticket?

Unless you play a $1 or $2 ticket and get lucky, signers nearly eliminated.

Okay, I feel very silly :blush:

Actor 02-06-2019 12:00 AM

Quote:

Originally Posted by PaceAdvantage (Post 2427712)
Do what I do.

Use TurboTax

If your return is simple, you can do it online for free.

If it's a little more complicated, spend $30-$100 (depending on what you need) for the downloadable software (which is what I do).

Takes most of the pain out of doing even moderately complex returns.

I do not put my financial information online, period.

I have a separate computer for my finances. It is not connected to the internet. It has its own printer connected by a cable so it is not even connected to wifi.

Even if you buy Turbo Tax on a disk it cannot be installed without an internet connection. Ergo, you cannot use Turbo Tax offline. That's straight from Turbo Tax tech support.

Quote:

Originally Posted by PaceAdvantage (Post 2427712)
Plus you can deduct the cost on your return.

The standard deduction for married senior citizens filing jointly is $26,600. If I itemize deductions I come nowhere near that.

NorCalGreg 02-06-2019 12:12 AM

Gary:
You've responded to something I've posted maybe 3-4 times in the few years since I've been here--I recall none were very cordial.

I don't really need your help--thanks.

-NCG

ElKabong 02-06-2019 12:27 AM

Quote:

Originally Posted by Actor (Post 2427573)
The IRS got rid of Form 1040A. I was not consulted. Now my taxes are a lot more complicated. They're diving me nuts.

As mentioned, turbo tax is the bomb.

If you aren't into that (for whatever the reason) I hear AARP does seniors taxes for free.


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