442-How to Do Your Own Taxes The Easy Way (And Should You Hire an Accountant?)

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 27 March 2017

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's tax-time! That means that you face a problem: how should you do your taxes? Should you print off the 1040 form from the internet and fill it in by hand? Should you use tax software? Should you hire an accountant?

Here are my thoughts on the matter!

Joshua

Great records will make doing your taxes an absolute breeze. Why not try YNAB for your budgeting and recordkeeping? Get a free 34-day trial at www.radicalpersonalfinance.com/YNAB
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Transcript

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0:00.0	This episode is brought to you by Pepsi Max. Christmas is great, but there's loads of ways to make it better.
0:08.0	Like sneaking some chili into the gravy for some extra oint or build in a playlist that will even get your
0:14.8	none up on the table or just cracking open an ice cold Pepsi Max.
0:20.1	Christmas. Better with Pepsi Max.
0:25.0	Do you know what today is?
0:29.0	Today is Monday, March 27, 2017. and do you know what that means? That means that we are one
0:37.0	weekend closer to the best time of year, the best month, April and April 15th this year it's April 18.
0:47.0	April is upon us and that means
0:49.7	bam-bar-dong. It's tax time. tax time. Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge skills
1:13.4	insight and encouragement you need to live a rich and meaningful life now while building a plan for
1:19.1	financial freedom in 10 years or less. My name is Joshua Sheets and I am your host and your fellow taxpayer. Today
1:27.0	let me give you some tips on how to do your taxes the easy way and also try to answer that
1:32.1	question of should you hire an accountant or do it yourself.
1:34.4	As we begin here, I must confess that I generally don't feel as excited about April as I
1:46.8	sounded there in the little intro. But I do try very hard to be that excited. I often get
1:52.3	very grumpy when it comes to the subject of
1:54.3	taxes. I get very grumpy. My politics and my political ideology make me very grumpy
1:59.8	about paying taxes and I get very grumpy about what the money is used for. I can't stand the way that in my opinion
2:06.4	it's wasted and just causes me to feel very grumpy. But I've also found
2:10.5	that grumpiness is not generally a pleasant emotion.
2:13.6	And since I've chosen to do it, I try to focus on the, I've tried,
2:18.1	meaning I've chosen to live in the United States of America
	...

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