r/taxhelp

Okay so here it is… I own 2 business. Both had extensions and only by early September26 did I get my K 1s from both companies.
Anyway yesterday I send a message to my accountant to check and see how we were doing with my personal taxes to receive a message that his company was very behind because he is short handed, and xyz employee is on maternity leave and bla bla bla. They will try to get my taxes by the extension deadline but no promises.
It really irritated me.

So I went in turbo tax online and I entered all of the documents I had sent my accountant. I sat there for 4 hours and entered every document I would have had them do. Based on turbo tax we are better doing standard deductions. So 1/2 of my documentation that I had submitted to them is irrelevant anyway.
I am due a refund.

Question because of my business and the K 1’s do I wait till my accountant can do my taxes for a nice little bill of $1400 plus or do I double check my work and file with turbo tax for $250.
I live in Alaska so I don’t pay state taxes.
I also have a financial background so I can follow the numbers and process…

I have always had my accountant file because I wanted to cover my self in case I made a mistake. But I am irritated right now and after imputing everything I swear a monkey can input numbers on the software. There isn’t anything an accountant needs to do expect look at the numbers to enter them properly.

What should I do?

Hi all. I’m 27 in California. I have acquired a good amount of debt over the last 5 years and am considering doing a partial 401(k) withdrawal to assist with that. I currently have a bit more than 38,000 saved. I want to pull about 18,000 out. I know there’s the initial 10% early withdrawals fee but I’m wondering what else I’ll owe to federal and state taxes.

State: MA Good morning, I work as an Exotic dancer so I have a W-2 for the place I work at but I work there maybe 20hrs a month. they also do not let us record even a fraction of the tips we make. on my tax for from them every year it says I made somewhere between 15k-25k. I make most of my income working as an escort. lets say between the two jobs I make roughly 200k. last year when I did my taxes I did my W-2 and then at the end I put the rest under the category of "unrecorded income" or whatever it was called and i put the source as "housecleaning, babysitting, tips". That's the same thing I put when they ask me for a source when I deposit the cash at the bank. I don't have any expenses I want to write off as business expenses or anything so what I'm wondering is do I really need to register myself as a business or can I keep doing it the way I did last year? What makes more sense? Thank you in advance 🙏 also I don't use reddit and I've never been to any school, please go easy on me.