I just met with my CPA last night. I had a bunch of losses over the year so I was able to use that as deductions towards my taxable income. In the end, all the government will tax me on is 310.00. EVERTHING ELSE that my wife and I paid in taxes over the year we will get back.
It pays to get to a CPA. Thay can find so much. Get this.. I run my business out of my home. My wife bought me a 19" LCD for X-Mas. She paid like 350 or something like that. Be cause I use it for work, we can write off most of it.
I am most definitly a CPA fanboy!
<-- Becoming a CPA, looking for business :P lol
I started using a CPA 2 years ago. The first year was just like any other financial year most 20 somethings have. However he found a couple thousand in deductions that I never thought of. (moving, costs that apply to looking for a job etc). I could never do what you are getting ready to do. I came into his office with Rubbermaid tub yesterday full of what I thought he would need. Overprepaired is better I think.
anyway, the point is it might cost a couple hundred $ but it will save you time and they will think of great ways to get you your money back (if possible) As you can see I'm still on the high. I will get the fed and state deposited right into my bank account in 2 weeks.