How Long Does It Take

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  • kayla
    New Daycare.com Member
    • Nov 2011
    • 298

    How Long Does It Take

    So after a big debate I ended up taking my taxes to an accountant here in town that gave me an estimate of 200-250. Well he originally told me it would take about a week, well I called today because friday would have been a week and he still wasn't finished processing my information... so my question is has this happened to any of you... how long does it normally take for your taxes to be completed??
  • sharlan
    Daycare.com Member
    • May 2011
    • 6067

    #2
    I FedEx'd mine to our accountant two weeks ago, haven't heard a word yet.

    Comment

    • Michael
      Founder & Owner-Daycare.com
      • Aug 2007
      • 7948

      #3
      Originally posted by kayla
      So after a big debate I ended up taking my taxes to an accountant here in town that gave me an estimate of 200-250. Well he originally told me it would take about a week, well I called today because friday would have been a week and he still wasn't finished processing my information... so my question is has this happened to any of you... how long does it normally take for your taxes to be completed??
      Several weeks and it costs me $600. I get money back so I can wait.

      Comment

      • daycare123
        Daycare.com Member
        • Mar 2012
        • 126

        #4
        it took my accountant a couple days and we paid her 350 dollars. we took ours in the beginning of february. i would imagine that accountants are pretty busy with the end of tax season coming up. did you ask for an estimated date they would be done?

        Comment

        • mema
          Daycare.com Member
          • Jul 2011
          • 1979

          #5
          Mine took about a week. I had them in fairly early tho. I think most are fairly busy right now with people turning them in. Just give them a call and inquire about it. The worst that would happen is they say they aren't done, but at least you'll know!

          Comment

          • itlw8
            Daycare.com Member
            • Jan 2012
            • 2199

            #6
            depends you have everything totaled or in a box. Any thing I have a question on I put on a slip of paper with the cost date and what it is... then they tell me where it goes. or we discuss if it is deductible.

            mine are done before we leave the office so 1/2 hour. Everything id put into the computer and we check to make sure everything is there. ... then the next day it is checked and then efiled. I had my refund in less than a week after that.

            I had a new person a few things he said made me uncomfortable so I had the owner double check and everything was fine BUT I requested I not get him next year unless he has some training on family childcare.... so I guess I will pay more for an appt with the owner.
            It:: will wait

            Comment

            • kayla
              New Daycare.com Member
              • Nov 2011
              • 298

              #7
              yeah I did get an estimate of time, he said it would only take a week thats why I am a bit worried, and I did call they said he was still processing some of the info... Guess i'm just worried if they will get done in time, and I guess how much I will have to pay in....

              Comment

              • kayla
                New Daycare.com Member
                • Nov 2011
                • 298

                #8
                update

                wow!! so I just went and paid 237 for my taxes and turns out I owe 1619 to federal and 83 to state.... I gues my question is how do all these daycares get money back??? what do I need to do??? I only made 22,000.... ughhh stressed Im going on maternity leave oh yeah this is gonna help making no money and owing money to the state and feds... woopy

                Comment

                • Country Kids
                  Nature Lover
                  • Mar 2011
                  • 5051

                  #9
                  Originally posted by kayla
                  wow!! so I just went and paid 237 for my taxes and turns out I owe 1619 to federal and 83 to state.... I gues my question is how do all these daycares get money back??? what do I need to do??? I only made 22,000.... ughhh stressed Im going on maternity leave oh yeah this is gonna help making no money and owing money to the state and feds... woopy
                  Did you write anything off? I would really question that! That seems alot sense you made so little. Is there anyway you could have someone else look at it?
                  Each day is a fresh start
                  Never look back on regrets
                  Live life to the fullest
                  We only get one shot at this!!

                  Comment

                  • kayla
                    New Daycare.com Member
                    • Nov 2011
                    • 298

                    #10
                    I did have write offs but i'm so irritated... I don't know if its even worth doing if i'm going to owe this much every year, and im confused on where im supposed to go

                    Comment

                    • MarinaVanessa
                      Family Childcare Home
                      • Jan 2010
                      • 7211

                      #11
                      Originally posted by kayla
                      I did have write offs but i'm so irritated... I don't know if its even worth doing if i'm going to owe this much every year, and im confused on where im supposed to go
                      I am worried because I've NEVER had to pay taxes. Does your spouse make a TON of money?? My DH and I were worried originally because we thought we'd have to pay next year after we get married because once we do we'll get bumped into the next tax bracket but we talked to a tax consultant and as long as I stay below a yearly income we'll be fine. You should talk to one and ask for advice. You may also want to think about changing your tax preparer to one that specialized in family child care. Unless you didn't keep and include all of your expenses (including cleaning supplies and household items) there's no reason why you shouldn't get something back.

                      Comment

                      • kayla
                        New Daycare.com Member
                        • Nov 2011
                        • 298

                        #12
                        No he made less than I did.... I cannot afford to have someone else look at them at this point.... I already paid 237

                        Comment

                        • daycare123
                          Daycare.com Member
                          • Mar 2012
                          • 126

                          #13
                          did your preparer go over your taxes with you before they were sent in? I made a list of things that were deductions and all the totals and made sure that my tax lady entered them. What deductions did you give them to enter?

                          Comment

                          • lil angels
                            Advanced Daycare.com Member
                            • Jan 2011
                            • 643

                            #14
                            My tax guy told me that doing daycare so long as everything was done correct and you wrote off everything that you can you should never have to pay in.. My first year we had to pay in about 2200 total and I freaked out. Ever since I have been getting back anywhere from 2500-5000 a year. We go to someone that specializes in daycare taxes and we also take a little extra out of my husbands checks to cover some of the taxes.

                            Comment

                            • Unregistered

                              #15
                              I'm confused.

                              So those of you that get all that money "back" for your taxes, is that a refund of money you paid quarterly or a refund of money a spouse had taken out for taxes? Otherwise I don't understand how you could get a refund?

                              To me owing $1600 for $22,000 seems about right if she hasn't paid anything in yet.

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