This post is sponsored by H&R Block, but all opinions are my own.
April 17th is closing in fast. Are you done with your tax return? By now, you should have all of the forms you need to do your tax return. I usually try to finish my taxes in February, but often wait to file until the last minute. That’s because we usually owe the IRS some money and I don’t want to send it in early. 2017 was a particular difficult year for taxes. I had more income than expected and I didn’t send in estimated tax payments last year. It worked in previous years because my self-employment income was low. 2017 was a different story and I’ll need to send the IRS almost $10,000. That’s a lot of money! That’s why I’m looking for an expert opinion this year and H&R Block provides it.
H&R Block Tax Pro Review
Nobody wants to write a $10,000 check to the IRS. It might be unavoidable, but I would like to run it by a tax expert. Our taxes have grown complicated over the last few years.
- I’m self-employed and need to pay self-employment tax.
- Mrs. RB40 works full time.
- We have interest and dividend income.
- We have gains and losses from stock sales.
- We have rental properties.
- I have an individual 401k that I max out every year. For 2017, I contributed $30,150. Nice!
- We have a house, a kid, childcare expense, local taxes, and charitable donations.
Usually, I don’t mind doing taxes because it gives us a good picture of our finances. This year is not good because we owe the IRS a ton of money. I knew we’ll owe some money, but I didn’t think it would be this much. The biggest amount we owed in previous year was just a couple thousand dollars. The good news is that H&R Block has a service that can help. I completed my tax return online and sent it in to be reviewed by a tax professional. This service is called Tax Pro Review. It costs $59.99 to $89.99 depending on the complexity of your tax return. Our tax return is as complicated as it gets so it cost the full $89.99.
I think this is a great service for DIY tax filer like me. I could do my own taxes like normal. It gives me a better understanding of our finances and I can plan for next year. Having an expert review our tax return is great. They might catch something that I miss. The best thing is that I can do it all from home. This is much better than going to a tax office. I’ve done that before and it takes a ton of time during the busy season. I’d rather spend time with my family than a tax accountant, no offense to the accountants out there.
Visit www.hrblock.com/online-tax-filing/tax-pro-review/ to start your return today.
Next year will be better
It wasn’t fun to do our taxes this year. The amount we owe was too high. Overall, this is good news because it meant I made much more income than normal. However, I get a little panicky whenever I need to send $10,000 in the mail. The Tax Pro Feedback service helps reassure me that I didn’t miss anything. I’ll plan better in 2018 and send in estimate tax payments every quarter. Next year tax return should be much more palatable.
Do you like doing your own tax return like I do? Could an experienced tax professional help with your taxes?
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.