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Posted by Ken Blake on December 10, 2007, 4:11 pm
Please log in for more thread options On Mon, 10 Dec 2007 12:02:00 -0700, JimH
> Oilcan wrote:
> > I don't use TT but I do use a competing product. I uninstall the prior
> > years version when I archive my final tax return in PDF format.
> >
> > I would say the more complicated your tax return is the more likely you
> > might want the CD. Truthfully though - like you - I rarely use it
> > beyond the current tax period.
>
> Last year, I got a notice from the IRS of a letter audit. They wanted
> $13,000 in taxes and penalties. After I caught my breath, I looked
> through my return, and their audit info, and found that I had a few
> small errors introduced by my Quicken import. I also found that they had
> some really big errors.
>
> I corrected my errors, and recalculated my tax. I sent them a response
> with explanations, including cut and paste from TT. I also sent them a
> check for my newly calculated payment, which was far less than what they
> had requested. They responded with a bill for the interest and penalty
> which I expected, but it was just a few dollars.
>
> Having the prior year installed made the entire thing a snap. I'd keep
> TT installed for the three years that are subject to an audit. It
> doesn't take much space, and disk drives are really cheap.
I'm with you. Although I've personally never needed to reuse an old TT
version, I also keep them installed for exactly the same reason--the
need may turn up one day.
Unless you are short of disk space, there's really no advantage to
uninstalling old versions. Contrary to what some people think, doing
so has no effect on the performance of your computer.
--
Ken Blake
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