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Poll: US residents, how do you do your taxes?

news.ycombinator.com

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Re: Poll: US residents, how do you do your taxes?

#11

Post by bennyg »

notwedtm wrote: post #9
bennyg wrote: post #2

TurboTax.

You must be new here, welcome! On HN polls, you can submit your vote by simply clicking on the arrow next to your selection above. Generally speaking, the comment section is specifically designed to provide additional details or commentary. Using the comments to cast your vote, or simply echo it, doesn't fall into the category of appropriate usage. Again, welcome to Y Combinator News aka Hacker News!

Haha definitely not new - just commenting from an app I made to read/contribute to HN without going to their website. It apparently doesn't parse polls (good to know) well. All I saw was the question. Thanks for not down voting me though!

You can download my app for iOS here: https://itunes.apple.com/us/app/news-yc/id592893508?mt

Re: Poll: US residents, how do you do your taxes?

#12

Post by jnazario »

SeoxyS wrote: post #6

I'm actually curious, does anybody have any insight as to whether there are any pitfalls to using something like TurboTax for startup employees who have had to deal with stock options. For example if one has: - Exercised stock options. (Filed an 83(b) - or forgotten to file an 83(b).) - Sold stock. - Sold derivatives contract on stock using something like ESO / EquityZen / Equidate.

i've done the first two (never dabbled in derivatives) and turbo tax was no problem, but then again the paperwork for my options was all clear, too - dates, prices and cost basis, exercise dates, etc.

Re: Poll: US residents, how do you do your taxes?

#14

Post by NomenNudum »

SeoxyS wrote: post #6

I'm actually curious, does anybody have any insight as to whether there are any pitfalls to using something like TurboTax for startup employees who have had to deal with stock options. For example if one has: - Exercised stock options. (Filed an 83(b) - or forgotten to file an 83(b).) - Sold stock. - Sold derivatives contract on stock using something like ESO / EquityZen / Equidate.

I am a US/EU citizen that has stock options in a start-up based in the UK, where I am a permanent resident. I am absolutely clueless on whether or not I need to file something...

Re: Poll: US residents, how do you do your taxes?

#15

Post by gergles »

It's a shame ReadyReturn[1] is so nerfed (due to intense lobbying from Intuit) - as otherwise it'd be pretty great.

1: https://www.ftb.ca.gov/readyreturn/

A federally-based solution for this would be ideal; the government is already well-aware of the relevant data. The only reason we have to do any work at all is because of the bizarre vagaries and loopholes of the tax code (and the gigantic amount of lobbying from the 'tax prep industry').

Re: Poll: US residents, how do you do your taxes?

#16

Post by techsupporter »

yetanotherphd wrote: post #7

Fun fact: the US government has the ability to tell you how much you should be paying in taxes, and to pre-fill your tax returns. However this has been prevented by lobbyists from the tax preparation industry http://www.techdirt.com/articles/20100124/1836527884.shtml

That seems to be the way things are going an awful lot lately.

"Fun fact: the {federal|state|local} government has the {information|resources|capability} to {something}. However, this has been prevented by lobbyists from the {group that opposes something or makes a killing doing something very inefficiently}."

Feel free to insert everything from tax filing data to broadband-as-an-infratructure.

Re: Poll: US residents, how do you do your taxes?

#17

Post by notwedtm »

bennyg wrote: post #11
notwedtm wrote: post #9

Earlier quoted context omitted.

You must be new here, welcome! On HN polls, you can submit your vote by simply clicking on the arrow next to your selection above. Generally speaking, the comment section is specifically designed to provide additional details or commentary. Using the comments to cast your vote, or simply echo it, doesn't fall into the category of appropriate usage. Again, welcome to Y Combinator News aka Hacker News!

Haha definitely not new - just commenting from an app I made to read/contribute to HN without going to their website. It apparently doesn't parse polls (good to know) well. All I saw was the question. Thanks for not down voting me though! You can download my app for iOS here: https://itunes.apple.com/us/app/news-yc/id592893508?mt

Ah, my bad! I guess I could have viewed your profile to check :P

I wish I could use your app, as it is one of the sexiest HN apps I've seen in a long time. Unfortunately, the amount of quality HN apps on the Android market is well below acceptable.

Perhaps a port of yours? :D

Re: Poll: US residents, how do you do your taxes?

#18

Post by akgerber »

NomenNudum wrote: post #14
SeoxyS wrote: post #6

I'm actually curious, does anybody have any insight as to whether there are any pitfalls to using something like TurboTax for startup employees who have had to deal with stock options. For example if one has: - Exercised stock options. (Filed an 83(b) - or forgotten to file an 83(b).) - Sold stock. - Sold derivatives contract on stock using something like ESO / EquityZen / Equidate.

I am a US/EU citizen that has stock options in a start-up based in the UK, where I am a permanent resident. I am absolutely clueless on whether or not I need to file something...

'If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside.' http://www.irs.gov/Individuals/International-Taxpayers/U.S.-...

Re: Poll: US residents, how do you do your taxes?

#19

Post by thyrsus »

By "manually", I assume we include self-generated software assists? I have a spreadsheet that is specific to my circumstances, and which I modify (quite lightly) each year according to changes in the instructions and circumstances (e.g., children age out of dependent status).

Re: Poll: US residents, how do you do your taxes?

#20

Post by bennyg »

notwedtm wrote: post #17
bennyg wrote: post #11

Earlier quoted context omitted.

Haha definitely not new - just commenting from an app I made to read/contribute to HN without going to their website. It apparently doesn't parse polls (good to know) well. All I saw was the question. Thanks for not down voting me though! You can download my app for iOS here: https://itunes.apple.com/us/app/news-yc/id592893508?mt

Ah, my bad! I guess I could have viewed your profile to check :P I wish I could use your app, as it is one of the sexiest HN apps I've seen in a long time. Unfortunately, the amount of quality HN apps on the Android market is well below acceptable. Perhaps a port of yours? :D

There actually is a port of mine out there! A couple friends of mine (Matt York and Aaron Fleshner) ported my design over to Android.

https://play.google.com/store/apps/details?id=com.mattyork.j...

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