Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

On a dream, undeterred

Nov 12, 2019

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

Calling in the pros this tax season

Robyn Edgar Apr 15, 2019
Share Now on:
HTML EMBED:
COPY
Justin Sullivan/Getty Images

It’s April 15, and that means we’ve reached the end of the first filing season under the new tax code. For a lot of people it’s been an anxiety-filled journey. Uncertainty over the new rules may be one reason that, as of March 1, the IRS had received 2 million fewer returns than at the same time last year. For Evin Moore, of Denver, Colorado, the new tax guidelines combined with some major life milestones made for a more complicated tax filing season for him and his family. So instead of doing his taxes himself, Moore called in a pro.


This year, for the first time, taxes have gotten a little bit more complex with the fact that I’m now, you know, married and have a child.

My name is Evin Moore. I work in financial services and a marketing organization. And I live in Denver, Colorado.

We were really lucky to purchase a house kind of before the giant real estate boom here in Denver. And so we were able to turn that into a rental property. And then you factor that in with — outside of my day job, which, you know, pays the bills, I also run a nonprofit organization. And so taxes have gotten more complicated, which, you know, I guess you’re lucky if taxes get more complicated.

Our biggest goal was to not have a tax bill. And so not knowing how this year was going to go, my wife and I put our deductions to zero. Historically, I’ve always done my taxes on my own using software like a TurboTax. And last year when filing our taxes, I wasn’t confident that I did everything correct. And so this year, we’re actually using a [certified public accountant]. The changes to the tax code was a large factor to us wanting to work with the CPA this year, and then also the the additional life complications. The price was much higher than I anticipated — you know, 70 bucks to being $700. You know, you do have higher expectations.

Now, the tax adviser didn’t give us the the specific as to what it was, but he did say that based on the tax law changes that, you know, we’re likely going to be owing more, which is challenging. I still have a lingering feeling that, you know, maybe I could have done it better on our own, but there’s no real confidence in that.

Fall of the Berlin Wall
Fall of the Berlin Wall
The financial lessons of Germany's reunification 30 years ago.  
Check Your Balance ™️
Check Your Balance ™️
Personal finance from Marketplace. Where the economy, your personal life and money meet.
How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.