| Author |
Message |
    
DRJ
Citizen
Username: Alaska
Post Number: 42
Registered: 9-2005
| | Posted on Tuesday, January 17, 2006 - 4:32 pm: | 
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Does anyone use an accountant for tax filing and advice that they could recommend? Thanks. |
Tom Reingold
Supporter
Username: Noglider
Post Number: 11968
Registered: 1-2003
| | Posted on Tuesday, January 17, 2006 - 5:23 pm: |
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I love my accountant so much that I don't mind that he lives (and works) all the way in Rahway.
Jack Adams
732-574-2045
1126 Milton Blvd
Rahway, NJ 07065 |
mickey
Citizen
Username: Mickey
Post Number: 383
Registered: 10-2001
| | Posted on Tuesday, January 17, 2006 - 7:22 pm: |
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Jack Odell, CPA
22 First St
So Orange
973-763-6533
Smart, reliable, experienced, and a very nice guy. |
SO Ref
Citizen
Username: So_refugee
Post Number: 1460
Registered: 2-2005
| | Posted on Tuesday, January 17, 2006 - 8:30 pm: |
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This is the first year we'l be using an accountant instead of filing ourselves; however, I have no idea what to expect to pay. What is the going rate for a standard filing?? |
Tom Reingold
Supporter
Username: Noglider
Post Number: 11973
Registered: 1-2003
| | Posted on Tuesday, January 17, 2006 - 8:44 pm: |
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It depends on how complicated it is. I think I pay $200 or $300. I don't remember. I suppose our taxes are moderate on the simple-to-hard scale, but I have no idea. And the fee is tax deductible for next year.
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jamie
Citizen
Username: Jamie
Post Number: 407
Registered: 6-2001
| | Posted on Tuesday, January 17, 2006 - 11:24 pm: |
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Essex Tax & Accounting is good - on Springfield Avenue: http://www.essextax.com |
sportsnut
Citizen
Username: Sportsnut
Post Number: 2266
Registered: 10-2001
| | Posted on Wednesday, January 18, 2006 - 10:40 am: |
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As a tax accountant who prepares a few individual returns during this time of year I would say you should:
1) be organized. Get a folder or an envelope and put everything that says "Tax documents" in it.
2) Have your receipts available for things like Charitable deductions
3) If you buy and sell stocks have the cost basis information available
4) Bring a copy of your prior year's tax return
5) notify the accountant of any significant changes in income/job status.
6) Be ready to list out possible deductions (i.e. medical, job related, education) Keep in mind that just because you don't qualify for the medical deductions on your federal return doesn't mean you won't qualify for NJ purposes
7) if you have "new" dependents don't forget to bring their SS numbers
8) If you own your own business ask the potential tax preparer if they have experience with that profession. There are lots of things that qualify for deductions that you wouldn't necessarily think.
Expect to pay at least $250 for a straight forward return. Keep in mind that if you trade stocks frequently the IRS is now requiring you to list every trade on schedule D. It is no longer permissible to fill in just totals. While it was always advisable to do this the IRS specifically included it in the instructions to schedule D this year.
Above all don't be afraid to ask questions. |
DRJ
Citizen
Username: Alaska
Post Number: 44
Registered: 9-2005
| | Posted on Wednesday, January 18, 2006 - 12:30 pm: |
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Thanks everyone. |
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