List both the benefits and the problems associated with filling out and filing your own federal and state income tax return(s).
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Writing tasks based upon a course related topic.
Facebook Badge
Followers
Blog Archive
-
▼
2009
(31)
-
▼
September
(19)
- CLD Homework September 29, 2009
- Personal Finance September 30, 2009
- Personal Finance September 29, 2009
- Personal Finance September 25, 2009
- Personal Finance September 24, 2009
- CLD Homework for September 23, 2009
- Personal Finance September 23, 2009
- Personal Finance September 22,2009.
- CLD Homework September 21, 2009
- Personal Finance September 21, 2009
- Personal Finance September 18, 2009
- Personal Finance September 16, 2009.
- CLD Homework September 15, 2009
- Personal Finance September 15, 2009
- CLD September 14, 2009
- Personal Finance September 14, 2009
- Personal Finance September 11, 2009.
- Personal Finance Sept. 10, 2009
- CLD Sept. 10 2009
-
▼
September
(19)
About Me
- Mr. H
- A passionate educator and a commited proponent Synergistic Teaching.
Mark Torlucci
ReplyDeleteOne problem with filling out your tax returns is you could make a big mistake then you would have to fix it which could be a problem.The benefit of filling it out yourself is that you won't have to pay someone to help you out which means you get to save money
Benefits:
ReplyDelete1. You know exactly what is on them.
2. You won't have to hire someone to do it for you.
Problems:
1. It may be complicated.
2. You might not understand what they're asking on the forms.
Filling out your own tax forms has many benefits. You may see tax deductions for which you qualify, and you'll have a good idea of what you're paying and why. Doing it yourself can even save you money. Filling it out yourself can also cause many problems. You may fill out the form incorrectly, and this can cause major financial issues.
ReplyDeleteFilling out and filing your own federal and state income taxes has both benefits and problems. One benefit is you are saving money by doing it yourself. You dont have to pay someone to do it for you. But by doing them yourself, you are taking a risk of making a mistake. If you make mistakes on your tax return you may end up having to pay fines for the things you did wrong.
ReplyDeleteKymiir Maples
ReplyDeleteThe federal tax time of the year is a very difficult time. You dont wanna report al your income because then they think you make o much money wen your living from pay check to pay check. But sometimes it pays off when getting loans and things in that nature because now they know that you can pay it back
-Benefits: free, you can do it online, safe, secure, you know exatly whats on it
ReplyDelete-Problems: you could make mistakes, you don't know what to do, it could cost alot, its complicated.
Benefits
ReplyDelete-you get money back
-you know that your a american getting your money
problems
-you can't make a mistake or you dont get all your money back
-many qurestions to fill out
There are various problems and good aspects to filling out your own tax forms. Through the years H&R block has become big. As time progressed people today have become more lazy. So paying someone to fill out your tax forms seemed liked a good idea. On the other hand if you fill them out yourself you can save money. A disadvantage to this is if you make a mistake, this just requires a little precision and time so dont be lazy and you can save money.
ReplyDeleteSome problems with filing your own federal and state income tax return is that it can become very stressfull. It also would be complicated for you which can lead to filling it out wrong or something. Some benefits though are that you dont have to hire someone to do it for you. It would be safe to do it yourself also.
ReplyDeleteNick Colavito
Some Benefits are:
ReplyDelete1. You know exactly what is on it.
2. You won't have to hire someone to do it for you because you know how to.
Some Problems are:
1. It may be very complicated for you to do on your own.
2. You might not understand what they're asking on the forms and fill out some information incorrectly.
Chris Pionegro
Benifits
ReplyDelete-You see whats going on
-you don't have to worry about other people making mistakes
-See Tax Deductions
Problems
- You could make a mistake
- Write the wrong numbers
- Get confused
Kevin Krotulis
ReplyDeleteBenefits:
1. No one knows your information
2. There is an exact number you should receive
3. All information is kept to use as a reference
4. Save money
Problems:
1. Human error
2. Owe fees due to your errors
3. Hire an accountant after you screwed up costing you more money
4. Takes up too much time
Filling out and filing your own federal and state income tax return could have benifits and problems. Some benifits being that you dont have to pay for someone to do them for you also you know what you have out down on the paper. The problems could be that you could fill the forms out wrong and that could cause many problems for you.
ReplyDeleteBenefits:
ReplyDeleteQualified tax deductions
You'll have a good example of what you're paying and the cause.
Problems:
Difficulty
Too much details
Ryan Smedberg
ReplyDeleteBenefits- Knowing all of your information, you dont have to pay for an accountant, seek tax reductions that you qualify for,you'll understand why and what your paying for.
Negatives- You can easily mess up if you dont know what your doing,Time consuming.
Benefits
ReplyDeleteYou can do it from the privacy of your home.
You can file it instantly.
You don’t have to wait until the accountant can fit you in.
You can save a lot of money by doing it yourself.
Nobody knows your financial situation better than you.
Problems
You can't just buy any software. You have to make sure it's from an up-to-date trusted company who guarantees their calculations and stands behind their product.
The accountant you give it to may lose your papers.
Other people have access to your private information, social security number, and bank statements.
It’s not cheap.
The Benefits
ReplyDeleteIf you use the computer
It speeds up the process of filling out the forms.
Provides help if you get stuck.
Highlights deductions that you may overlook.
The program does all the math.
Benefits of preparing your own return:
You keep up with changes in the tax system
You can make better financial decisions as a result of your tax knowledge
The Problems
It may be hard
A lot of money
You may make a mistake if you are not careful
Alexis McGowan
ReplyDeleteBenefits-
-you can save a lot of money.
-you know its in good hands.
Problems-
- you have to know what your doing.
- you can mess up really easy.
- you can lose more money.
Benefits
ReplyDeleteYou can do it at your own home
Dont have to spend your money
Do it on your own time
Problems
Alot of money
they could make a mistake
Takes more time
Marlaina Kimbiz
ReplyDeleteBenefits
-your doing it so you know its right
-you can look at it any time you want
-saves money
-you know what your paying
Problems
-you need to know how to do it
-if you mess up you can lose more money
-may be harder then you think
-its not cheep
Benefits:
ReplyDeleteYou can save your money
You can do it on your own time
You don't have to wait for an accountant to fit you in
No one knows your information
Problems:
You can make a mistake by doing it yourself
It can be really hard
Takes up a lot of time and patience
You can get confused
Megan Glass
ReplyDeleteBy filling out your own tax returns, you are saving money because you don't have to hire someone to do it for you.
The problem with filling them out yourself, is you won't always get as mich money back, you might not be sure of what they are asking, you might not know the deadline, and you might not know how much information to fill out.
Erin Jadus
ReplyDeleteThe problem with filling out your own form is that you need to fill out the right requirments and if you make a mistake there's no turning back.The benifits of filing your own tax form is that you're saving money instead of paying someone to do it for you.
Jackie Caravella
ReplyDeleteBenefits:
Save money by not hiring someone to do it for you.
You keep your information to yourself
Problems:
Make mistakes
Have to hire someone to do it
takes up a lot of time
Jacob Robertson
ReplyDeleteBenefits
1.Tax deductions
2.Saves money
3.You know exactly what is on the form
Problems
1.More errors
2.Time consuming
Nicole Mossbacher
ReplyDeleteBenefits:
-you know whats percisely gonig on it,
"if you want a job done right, do it yourself"
-avoid paying someone else to do it
Problems:
-it may be extremely hard
-you can mess it up
-may get frustrated
Mike McGreevey
ReplyDeletebenefits:
You can save money.
You can choose when to do it.
You know it will stay in your hands.
Problems:
You could make a mistake and ruin it.
May lose it in your house.
Takes up your time and dont have guidelines.
Konrad Pacholec
ReplyDeleteBenefits
- You get money in the end
- You can fill it online or on the paper
- Able to do it at home
Problems
- If you mess up the numbers you can have a lot of problems
- Stressful for some people
Ethan Miller said...
ReplyDeleteThe benefits include you have control of it, so you cannot be jipped, you can save money, and you know exactly what is happening on the form.
The problems are that it takes forever, and that you will have no clue in Dallas what you are doing.
Anthony Altilio
ReplyDeleteFilling out and filiing your own federal and state income tax has its benefits and problems. The benefits are that you do not share your private information with others, you see what tax deductions you qualify for, and you have a better understanding of your financial situation. The problems are that you can make a mistatke and cause major financial problems, and it takes a lot of time and patience to get it done.
Bethany Butka
ReplyDeleteBenefits;
You can do it with the time you have, not on someone else's scheduele.
Saves you money.
All of your information is for your own personal use and no one will find it out.
Problems;
It takes time and effort.
If you do it wrong, you will get very frustrated.
Takes more time doing it yourself.
Josh Poinsett
ReplyDeleteBenefits:
save money
you can do it on your own time
you can look at it any time you want
tax deductions
Problems:
you can mess something up
you need patience
its really confusing
its not cheep
Corinne Aballo
ReplyDeleteBenefits:
-Saving money.
-Strangers dont find out your information.
-do it on your own time.
Problems:
-Errors.
-takes more time.
-You may not understand questions.
Jenna Scialabba
ReplyDeleteSome benefits are…
1.saves money
2.you can do it at home
3.you know who is handling it
4.you know what you are paying
Some problems are…..
1.You need to know how to do it
2.takes to long
3.its not cheep
4.you can get confused easily
Josh Choper
ReplyDeleteBenfits:
1)Able to understand exactly how much the government is taking in taxes.
2)Have a better understanding of it and be able to do it at your own pace
3)You don't have to pay for a company to do it for you
Problems:
1)You could make a mistake on the form and not get the full tax return
2)It costs money to have a company file your tax forms for you
3)It can be time consuming especially if you have a busy schedule
josh sherman
ReplyDeletebenifits
1.you save money because you dont have to hire someone
2.all your information is kept private and only you will see it
problems
1.it can be very complicated and you amy not understand what is being asked
2.it is very time consuming
3.you dont always know when it has to be turned in.
Benefits
ReplyDelete1.Saves money {You don't pay for someone to do it for you}
2.You can do it when you want, not someone elses' schedual
3.Personal infortmation is kept personal
Problems
1.May make more mistakes, big or small.
2.less money for you
Benefits:
ReplyDelete1. You would knoe exactly what is on them.
2. You would save money by not having to hire someone to do them for you.
Problems:
1. You could make mistakes.
2. You might have to hire someone to fill them out for you.
3. It takes a long time to fill them out.
Barry Harris
ReplyDeleteBenefits
1.saves money
2.get more money
Problems
1.made a bad mistake
2.lose money
Dale Powell
ReplyDeleteNo one knows your information
There is an exact number you should receive
All information is kept to use as a reference
Save money
Error
Owe fees due to your errors
Hire an accountant after you screwed up costing you more money
Takes up too much time
samantha crennan
ReplyDeletebenefits:
-faster
-makes the refunds faster
-free of charge
problems:
-possibility of making mistakes -> having the wrong amount submitted back to you as your refund.
Dustin Cottrell
ReplyDeleteBenefits:
1. Have some privacy
2. On your own time
Problems:
1. Could make a simple mistakes
2. Takes a long time to finish
3. Can lead to fraud if you do it online
Kayla Prendergast
ReplyDeleteBenifits
-tax refund
-alot cheeper
-You can do it in privacy
Problems
-costs money if you need to get someone else to do it after you made a mistake the first time.
-You can make mistakes
Allisyn Shindle
ReplyDeleteBenefits:
1. You save money.
2. You can work at your own pace.
3. You get to see how different parts of your financial situation comes together to impact your tax bill.
Problems:
1. You can make a grave mistake when dealing with money information.
2. You might miss experiences you could have had if you filled them out yourself.
3. You may fill something out wrong because you were confused, and in turn not get the money back you were supposed to.
benifit- dont have to pay for an acountant you can do it when you want
ReplyDeleteProblems- might do it wrong witch can lead to a lot of problmes better chance of being auted