Home Page link  

Dangerous Tax Planner

 

Quicken Personal Finance Discussions - Quicken - personal finance software discussions

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
Dangerous Tax Planner Don R 06-14-2008
Posted by Don R on June 14, 2008, 7:58 am
Please log in for more thread options
The withholding feature in Q2007 Tax Planner is pretty erratic
and it's estimates of taxes due should be verified with a hand
calculator. There are some program bugs that could lead you
astray. The problems I've seem to stem from the withholding
calculations.

The withhold detail screen allows selection of 1 Estimate based
on YTD daily average or 2 Use Per Period Amount.

Using option 1 works correctly if you don't have any extra pay
events during the year. But just a little extra early in the
year causes Quicken to grossly over-estimate total withholding
for the year.

Program bug -
Quicken Tax Planner offers a spot to enter and adjustment. But
as you move between windows, the adjustment is lost. The
adjustment value still appears in the spot you entered it, but
it is not applied to the value shown in Tax Planner Summary.
Switching between 1 and 2 brings things back into agreement.

Program bug -
Using option 2 is a non-starter. I doesn't pull in any of the
future withhold payments and you end up with a very large
underpayment value. This value is big enough that you will know
something is wrong.

Anyone know of plans to improve this feature in future Quicken
releases?

Posted by B on June 14, 2008, 2:05 pm
Please log in for more thread options
Please click on Help in Quicken and then on the Product and Customer
Support link. That will open a window for reporting bugs and also for
providing feedback to Intuit.

On 6/14/2008 6:58 AM, Don R wrote:
On 6/14/2008 6:58 AM, Don R wrote:
> The withholding feature in Q2007 Tax Planner is pretty erratic and it's
> estimates of taxes due should be verified with a hand calculator. There
> are some program bugs that could lead you astray. The problems I've
> seem to stem from the withholding calculations.
>
> The withhold detail screen allows selection of 1 Estimate based on YTD
> daily average or 2 Use Per Period Amount.
>
> Using option 1 works correctly if you don't have any extra pay events
> during the year. But just a little extra early in the year causes
> Quicken to grossly over-estimate total withholding for the year.
>
> Program bug -
> Quicken Tax Planner offers a spot to enter and adjustment. But as you
> move between windows, the adjustment is lost. The adjustment value
> still appears in the spot you entered it, but it is not applied to the
> value shown in Tax Planner Summary.
> Switching between 1 and 2 brings things back into agreement.
>
> Program bug -
> Using option 2 is a non-starter. I doesn't pull in any of the future
> withhold payments and you end up with a very large underpayment value.
> This value is big enough that you will know something is wrong.
>
> Anyone know of plans to improve this feature in future Quicken releases?

> The withholding feature in Q2007 Tax Planner is pretty erratic and it's
> estimates of taxes due should be verified with a hand calculator. There
> are some program bugs that could lead you astray. The problems I've
> seem to stem from the withholding calculations.
>
> The withhold detail screen allows selection of 1 Estimate based on YTD
> daily average or 2 Use Per Period Amount.
>
> Using option 1 works correctly if you don't have any extra pay events
> during the year. But just a little extra early in the year causes
> Quicken to grossly over-estimate total withholding for the year.
>
> Program bug -
> Quicken Tax Planner offers a spot to enter and adjustment. But as you
> move between windows, the adjustment is lost. The adjustment value
> still appears in the spot you entered it, but it is not applied to the
> value shown in Tax Planner Summary.
> Switching between 1 and 2 brings things back into agreement.
>
> Program bug -
> Using option 2 is a non-starter. I doesn't pull in any of the future
> withhold payments and you end up with a very large underpayment value.
> This value is big enough that you will know something is wrong.
>
> Anyone know of plans to improve this feature in future Quicken releases?

Posted by Don R on June 14, 2008, 10:02 pm
Please log in for more thread options
B wrote:
> Please click on Help in Quicken and then on the Product and Customer
> Support link. That will open a window for reporting bugs and also for
> providing feedback to Intuit.
>
> On 6/14/2008 6:58 AM, Don R wrote:
> On 6/14/2008 6:58 AM, Don R wrote:
>> The withholding feature in Q2007 Tax Planner is pretty erratic and
>> it's estimates of taxes due should be verified with a hand calculator.
>> There are some program bugs that could lead you astray. The problems
>> I've seem to stem from the withholding calculations.
>>

Right below the Product and Customer Support Link is another
link named Submit Feedback on Quicken. I was able to do a cut
and paste into the report. Will let you know if any useful
information comes back. Thanks for the suggestion. Don

Posted by Don R on June 14, 2008, 10:21 pm
Please log in for more thread options
Don R wrote:
> B wrote:
>> Please click on Help in Quicken and then on the Product and Customer=20
>> Support link. That will open a window for reporting bugs and also for=
=20
>> providing feedback to Intuit.
>>
>> On 6/14/2008 6:58 AM, Don R wrote:
>> On 6/14/2008 6:58 AM, Don R wrote:
>>> The withholding feature in Q2007 Tax Planner is pretty erratic and=20
>>> it's estimates of taxes due should be verified with a hand=20
>>> calculator. There are some program bugs that could lead you astray. =

>>> The problems I've seem to stem from the withholding calculations.
>>>
>=20
> Right below the Product and Customer Support Link is another link named=
=20
> Submit Feedback on Quicken. I was able to do a cut and paste into the =

> report. Will let you know if any useful information comes back. Thanks=
=20
> for the suggestion. Don

A follow-on post to my first reply - Here's what came back from=20
Intuit.
" Your feedback has been recorded. Thank you.
We take your comments and suggestions seriously. We can=92t=20
promise an individual response to your email, but we do respond=20
to customer feedback when we develop products and services,=20
striving to make continual improvements."

I'm pressing on the the Quicken Forums. Perhaps I can get a=20
more meaningful response there. Don

Similar ThreadsPosted
Tax Planner November 19, 2006, 4:35 pm
Retirement Planner March 15, 2007, 12:14 pm
Quicken Tax Planner Problem April 22, 2007, 11:36 am
retirement planner question May 8, 2007, 5:53 pm
Do I need to buy Q2008 to use tax planner for this year ?? January 15, 2008, 8:44 pm
Retirement Planner Problem August 24, 2008, 12:29 pm
Quicken 2007 Premier Tax Planner Bug? June 24, 2007, 8:32 am
Q2007: Tax planner doesn't roll up income or taxes September 30, 2006, 2:16 pm
Retirement Income Planner not importing expenses June 20, 2007, 9:35 pm
Retirement Income Planner Importing Expenses January 8, 2008, 7:02 pm

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap