I do my taxes myself, no computer involved, just lots of foul language and high blood pressure because of the horrendous complexity even with my pretty-simple return. A friend gave me a trial version of TurboTax, so I let it lead me through preparation by asking me questions. It missed $6,900 in deductions, and gave me an outright wrong answer on how much of my IRA contribution was deductible.
Anyone else have troubles like that? What tax prep software have you used that DOES work well and is easy to use?
Turbotax Accuracy
- Black_And_Blue
- Member
- Posts: 1303
- Joined: Sun. Dec. 21, 2008 12:09 pm
- Location: a rock and a hard place
- Hot Air Coal Stoker Stove: Alaska 140
No one really knows how to file a proper return, not even a computer.
- jpete
- Member
- Posts: 10829
- Joined: Thu. Nov. 22, 2007 9:52 am
- Location: Warwick, RI
- Hand Fed Coal Stove: Harman Mk II
- Coal Size/Type: Stove, Nut, Pea
- Other Heating: Dino juice
Get the version Tim Geithner uses. Then you don't have to pay ANY taxes.
I heard Warren Buffet say one time "There are 66,000 lines of tax code and every one is so that SOMEONE doesn't have to pay taxes."
I heard Warren Buffet say one time "There are 66,000 lines of tax code and every one is so that SOMEONE doesn't have to pay taxes."
- tsb
- Member
- Posts: 2621
- Joined: Wed. Jul. 30, 2008 8:38 pm
- Location: Douglassville, Pa
- Stoker Coal Boiler: Binford 2000
- Hot Air Coal Stoker Stove: LL Pioneer top vent
- Hand Fed Coal Stove: Saey Hanover II
- Baseburners & Antiques: Grander Golden Oak , Glenwood # 6
- Coal Size/Type: All of them
Interesting ad line above this negative post.
TSB
TSB
-
- Member
- Posts: 286
- Joined: Tue. Sep. 23, 2008 8:07 pm
- Location: Eagleville (SE PA)
I am an accountant and I actually use H&R Block Tax Cut. If you know tax law and understand changes then these software pieces are great. The way they market them though they make it seem like anyone can simply pop them in the old computer and file thier taxes with 100% accuracy. The fact is that nothing can take the place of an accountant who is up to speed on the complexity and changes made each and every month if not week. You can use Turbo Tax or TaxCut but at the end of the day if you don;t know what to look for or where to fill in information yuo will file a false return.
- Freddy
- Member
- Posts: 7301
- Joined: Fri. Apr. 11, 2008 2:54 pm
- Location: Orrington, Maine
- Stoker Coal Boiler: Axeman Anderson 130 (pea)
- Coal Size/Type: Pea size, Superior, deep mined
My old tax guy passed away. I just had my taxes done by a new guy...an older childhood friend that I hadn't seen in 20 yrs. He's been doing taxes by hand for over 30 years, but 4 years ago started using software. I don't know it's name, but he said the updates were over $1,000 a yr. He also mentioned that it's darn good stuff. I never tried, but I'll bet Turbo tax would have flipped and croaked with my paperwork. His software gobbled up the numbers and did a good job. Point being that there is some good software, you're just not going to get it for $35.