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What do you guys do about taxes?
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<blockquote data-quote="madhatte" data-source="post: 4139732" data-attributes="member: 36455"><p>I made a botch job of my one attempt at running a business. I don't have a head for finances at all. One thing I did learn about keeping receipts and itemizing is that you give up your standard deduction(s) that way; depending on how your fortunes fare in a given year, you may be better off not itemizing at all, but you'll never know until the W-2's are in and you run the numbers both ways. I remember holding a big bag of receipts I'd guarded with my life and thinking "You mean I didn't have to do this?" Nope, not that particular year.</p></blockquote><p></p>
[QUOTE="madhatte, post: 4139732, member: 36455"] I made a botch job of my one attempt at running a business. I don't have a head for finances at all. One thing I did learn about keeping receipts and itemizing is that you give up your standard deduction(s) that way; depending on how your fortunes fare in a given year, you may be better off not itemizing at all, but you'll never know until the W-2's are in and you run the numbers both ways. I remember holding a big bag of receipts I'd guarded with my life and thinking "You mean I didn't have to do this?" Nope, not that particular year. [/QUOTE]
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