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Who does your taxes?

13 years 7 months ago #155045 by njmom
Replied by njmom on topic Re:Who does your taxes?
We have a parent who is a CPA complete our tax return. It is a win-win situation all around as she does not have time for the more "traditional" volunteer opportunities and we have someone knowledgeable to complete the tax return.
13 years 7 months ago #155014 by gjcoram
Replied by gjcoram on topic Re:Who does your taxes?
I've been doing ours for a few years -- had to file 3 back-years when I started as treasurer, now it's old hat. Another PTO in the district said they paid $450 to have theirs done. Yikes! Yet another has a treasurer who works for a tax firm.
13 years 7 months ago #155005 by JHB
Replied by JHB on topic Re:Who does your taxes?
We do our own. This year, my group had less than $25,000 so got to file the 990N, which just couldn't be easier. It's about 10 questions, none really financial except "did you make less than $25K?" (changing to $50K next year).

But with a previous group, we filed the 990N. It takes a bit more work to slice and dice your numbers the way the IRS needs it.

If you had a CPE/accountant volunteer that would be great, but we never had. Really, it just takes some attention to detail.
13 years 7 months ago #154996 by gjcoram
Who does your taxes? was created by gjcoram
It's tax season for most of us -- 3 1/2 months after the close of our fiscal year over the summer. I'm just curious: how many of you do your own taxes? Does the treasurer do them? Is that person an accountant by trade? Or do you pay an outside accountant?
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