Help with Sched C Please

[Dan1944]

Ok Guys and Gals, It's raining today so I decided to (Ugh) start preparing my Tax return , This is my first year and am going to file a Schedule C with my return. The first stumbing block is what is the type of business code I should be using ? I am a solo LCO (with no employees).

Thanks (I have been dreading this for 1 year)
:cry:

[Bob Minney]

http://www.census.gov/epcd/naics/NDEF561.HTM#N561730
scroll down to landscaping services and pick your category

[Dan1944]

WoW, I love this site !

Thanks, Bob for the prompt responce;)

[bruces]

Originally posted by Dan1944
Ok Guys and Gals, It's raining today so I decided to (Ugh) start preparing my Tax return , This is my first year and am going to file a Schedule C with my return. The first stumbing block is what is the type of business code I should be using ? I am a solo LCO (with no employees).

Thanks (I have been dreading this for 1 year)
:cry:

No offense, but if you are stuck at that point and have been dreading it all year, you might give serious consideration to hiring professional help, CPA, H&R Block, etc.

It could be well worth the money.

[Shuter]

Try seeing a tax attorney. I use one and found that anything said between us is in confidence because he is my lawyer. He also found that he seeems to know tax law better than the CPA I was using.

[bob]

Dan, Being that its your first year, I would recommend seeing a CPA (you can write his fee off next year). He could show you the proper way to fill out your tax forms and give you a solid base that you could work from the year after, should you decide to tackle it by yourself.

[1stclasslawns]

Don't do your own taxes!!!!!!!!!!

The best money you will spend other then the new Z will be with a good CPA. I did my own then took them to my CPA and he got me hundreds back. I tried this 3 years in a row and the same every time. The "taxpreparer" I used was just a few $$ away from mine. We filed amended and got back $$$.

Plus they can advise you as to what you need to do to keep your hard earned $$$$ in YOUR WALLETT!!!!

Jim

[scott's turf]

I used turbo tax for my business this year and it is working out great. I am not done yet but will be this weekend.

[wojo23323]

3 years ago I used Turbo Tax for the web. I had to file 2 schedule C's (one for me, one for wifes business) and 1 state form. I then took my info to a CPA and he basically got me the same amount of refund. The last 2 years I just used Turbo Tax for the web. Saves me about $450 per year.

[KerryB]

I use TurboTax premier home & business.
I get a free state tax program and I get to e-file for free.
Have recieved my refunds in about 2 weeks or less for the past two years.
With quick books and Turbo Tax I save about $500.00 per year.

[DLS1]

My suggestion is since you have no experience with schedule C then this year go to a CPA to do your taxes this year.

Go to local library and check out 'JR Lassiter' tax book that comes out every year and other tax manuals and start reading about business deductions, schedule C filing,etc.

Go to IRS web site and start ordering their free booklets about business deductions or anything else your interested in.

Use the Search on this site to do searches for 'tax' or 'deduction' or '179' or 'CPA' or whatever else you can think of related to taxes.

Next year buy H&R Block TaxCut or Turbotax for federal and state and do your own taxes. You will save money and become wiser about keeping track of your business costs/deductions instead of relying on a CPA.