Reply to Need withholding advice. Should I see an accountant? If so, how much will it cost?

Forum Index » Money and Finances

Reply to "Need withholding advice. Should I see an accountant? If so, how much will it cost?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Here's the situation. Just bought a house and had first kid. Married filing jointly, about $310K combined. In 2012 we got hit with a roughly $10K bill in April, so in 2013 we've been withholding like crazy (but kid and house only came at end of 2013). IRS calculator says at current withholding rate, we'll overpay in 2014 by about $18K. Our HHI is up significantly in 2013 (in 2012 AGI was about $238K) and we've got all these new deductions in play this year (mortgage interest, dependent care, property tax), but I'm worried we'll get hit by AMT and I don't understand how to adjust for it, despite having read about it a lot. I just don't really get it, and I don't trust myself not to make a mistake.

SO: I want to hire someone to simply look at our situation and advise us how to amend our W-4s such that we are even with the IRS at the end of 2014. Never hired an accountant before. Can I buy just the answer to this question? (Don't need someone to do my taxes, and I'd just as soon do it over phone/online.) How much should it cost? Any recommendations?

Thanks! [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics