Why Didn't I Deduct That? Tips for Maximizing Your Tax Return

[purrbal]

Have you ever found things that you should have deducted?

If you have what did you do?

 

[wadesgirl]

I know you can file an amendment or something like that but it would only be worth it if it was a considerable value that you left off.

 

[purrbal]

I just seem to be brain dead and such a procrastinator, I need to get organized and enter as I go. I was more curious if anyone else has had this issue (maybe not worth amending or maybe worth it)?

 

[kltaylo]

I am also making it a goal to be more organized this year for my tax deductions next year. I bought a new laptop last year for my shows. I can't find the receipt. I'll probably find the receipt shortly after I file my taxes.

 

[etteluap70PC]

I often forget either my phone or website....

Which reminds me!!!

I need to deduct my PWS! Thank goodness I did not submit it yet!

 

[jbdowd0798]

I would say to do an amendment, it should be worth more than $100....your time and energy is worth that much. If not, aww just save it for the next year! hee hee

 

[pampered.chris]

How about I read your post about 2 hours ago and then about a 1/2 hour ago, I came across another $145 in receipts that should have been deducted. I have already filed!!
I thought it funny that I read yours and thought, man that stinks, then found more of mine!!

 

[smilesarepriceless]

well i am glad i read this.. i would have totally overlooked my PWS! THANKS for helping..I'm in the final crunch...meeting tax lady tomorrow at 6pm.

 

[beepampered]

Do they automatically deduct the PWS from your debit card? When do they do this and for how much. This is a deduction that I would have totally overlooked.

As far as being more organized. Every year when I do taxes, I get extremely frustrated but also redo headings in Excel or change my Quicken catagories. It doesn't make it painless, but it does help me get to it a bit faster....

 

[hperschnick]

Mine is already filed and I forgot my PWS also - I'm going home tonight and entering it in P3 so I don't forget again next year!

 

[Kitchen Diva]

Well, sadly I forgot my PWS, and now am wondering about a few other things. Sadly DH and I make so much money that we are in the highest tax bracket and owe a nice amount every year. My PC biz helped some- but DH did something that cost us dearly at return time...we owe what most families get back...most families with 2 children that is.

Thankfully the tax guy we went to (DH normally uses a BOX!) this year gave us some great advice to help us not owe anything next year, so we put that plan into action ASAP!

I hope you are able to do an amendment of some sort- ours have already been filed so I'll do it next year!

 

[purrbal]

My mission or goal per say

Here is a file I got from My director over the summer - I found it very helpful in organizing my stuff -

Not sure who gets the credit for it - it wasn't her notes..

I forgot my PWS; I had bought a thumb drive specifically for storing my documents, pics and PPP back-ups this way I have things with me no matter where I am; who knows what else I missed.

I have decided I am going to follow this {I hyperlinked to the document in the office thread I was reading} organizing the office tip and make it work for me. Like I want to utilize my PPPlus to it's fullest capabilities so I will implement that in some of it...who's with me? :chef:

 

[jrstephens]

If I find anything I do nothing. I figure if I am ever audited I can show them extra receipts, ha!

 

[chefsteph07]

Same here, I always find something somewhere along the way, if it was signifigant I'd prob do something about it, but usually it's a small stack of postage receipts, something like that. DH went to staples for me the other day and got a nice $80 shredder and then bought some color ink and now he can't find the darn receipt! I could kill! :grumpy: Hopefully he didn't toss it, that's a good amount of write off for me next year!!!!

 

[purrbal]

Irs

If I find anything I do nothing. I figure if I am ever audited I can show them extra receipts, ha!

That is what I was thinking of doing, dh thinks if I do an amendment it will scream to them to audit us so no clue.