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This week's feature article explores some of the different ways to prepare your taxes. WHAT?  How is tax preparation related to travel planning?  Read on and see what you think.  I've wanted to write such an article for quite a while. 

We're again featuring an all-new way to experience Bermuda! While a mere 7 Day cruise, I sincerely feel this is a break from the debate of the whether it's the ship or the itinerary.

Our mission is to help you produce the maximum experience for your travel dollar.

Warm regards,

There are 3 ways to prepare your taxes.

If you have other techniques please share!  We’ll look at the pros and cons of each and perhaps answer what this has to do with Travel Planning.  Note: this article is for educational purposes only; none of the suggestions, etc. may be construed as tax advice.

1) IRS Paper Forms – Fill out forms and schedules by hand, assemble all of your supporting documentation, and send in to the IRS and State taxing authority(s).  For wage earners or renters with minimal deductions and income from minimal sources

Pros

• No cost for tax preparation
• Good choice for very simple returns

Cons

• May miss deductions
• May not properly calculate capital gains rates
• No support for your own personalized situation
• No one to call for help should your return be audited or questioned by the IRS

2) Prepare on your own with Tax Software.  Use popular software like H&R Block at Home, Turbo Tax, or Tax Slayer, etc.  Follow interview driven question process and key in your data.  Best for those with mortgages, deductions, self-employment income, real estate and capital gains income, and itemized deductions

Pros

• Easy to follow interviews
• Free to moderate cost
• All calculations done for you
• Schedule/Worksheet completion are all done via interviews

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Daydream Excursions plans your trips with the passion to give you a complete accounting of how much it will cost you to return home with attention paid to all aspects of your experience.  Daydream Excursions wants to know as much about your vacation objectives as possible to make the best recommendations for you.  While the industry standard may consist of immediately throwing quotes around, we work with you to survey and identify your vacation needs.  You will feel secure knowing we understand the purpose of your trip and the memories you want to bring home to replay again and again.