He got back to me with what we'll owe/get back. It was a year of crazy fluctuations with job changes, raises, home buying and new rental income, and he also decided it would be better for me and NT to claim SL instead of AS doing it.
Amazingly, with all that craziness, it balanced out to where we'll owe in a net of just $197! But the actual numbers are all over the map:
CJ/NT federal refund $3,577.00
CJ/NT owe state taxes (240.00)
AS owe federal taxes (3,099.00)
AS owe state taxes (435.00)
I'm glad the net effect of that is so minimal! I asked the tax guy if NT and I should adjust withholding, but he said most of this was from claiming part of the house stuff (points etc.) as losses to our rental income.
I still don't know how much he's going to charge. I had $800 set aside, and $197 is going to pay what we owe. Fingers crossed it's $600 or less!
I also don't know what he's going to recommend AS send in for her estimated quarterly payments. He said he'd work that up and send along with everything else.
Still, it's nice to have some clarity. I was mentally bracing myself to owe a TON this year, so I'm happy.
Heard from the tax guy
March 17th, 2015 at 07:49 pm
March 17th, 2015 at 10:08 pm 1426630115
March 18th, 2015 at 02:06 am 1426644407
March 18th, 2015 at 06:55 am 1426661708
March 18th, 2015 at 05:41 pm 1426700461