Home Page link  

Best Tax Form Software?

  
Groups | Search | About
User Password
Register Now! Lost Password?

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 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
Best Tax Form Software? mavigozler 04-08-2008
Posted by Jeff on April 9, 2008, 3:35 pm
Please log in for more thread options
>>> I was just curious who did it the best.
>>
>> They all give the same results, if that's what you want to know.
>
> I thought I recalled a study with moderately complex returns that
> showed they all gave different results (and phone calls to the IRS
> gave yet more different results).
>
> Seth

That is definitely my experience. I have a complex return and I ran it
on TurboTax and on TaxCut. Exactly the same entries (I checked), but TC
saved me $4,000 compared to TT. I was really surprised and therefore
checked everything several times and my entries in the interview
processes were exactly the same.

Jeff

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Andrew on April 9, 2008, 5:42 pm
Please log in for more thread options
 Jeff wrote:
>>>> I was just curious who did it the best.
>>>
>>> They all give the same results, if that's what you want to know.
>>
>> I thought I recalled a study with moderately complex returns that
>> showed they all gave different results (and phone calls to the IRS
>> gave yet more different results).
>>
>> Seth
>
> That is definitely my experience. I have a complex return and I ran
> it on TurboTax and on TaxCut. Exactly the same entries (I checked),
> but TC saved me $4,000 compared to TT. I was really surprised and
> therefore checked everything several times and my entries in the
> interview processes were exactly the same.
>
> Jeff

So Jeff, what was the difference in the actual returns? One of the two
programs didn't compute something (or take into account something) to make
such a large difference? I'm most curious to hear what the bottom line
difference was if you remember.

--
-------------------------------------------------------------
Regards -

- Andrew

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Jeff on April 10, 2008, 2:01 pm
Please log in for more thread options
> Jeff wrote:
>>>>> I was just curious who did it the best.
>>>>
>>>> They all give the same results, if that's what you want to know.
>>>
>>> I thought I recalled a study with moderately complex returns that
>>> showed they all gave different results (and phone calls to the IRS
>>> gave yet more different results).
>>>
>>> Seth
>>
>> That is definitely my experience. I have a complex return and I ran
>> it on TurboTax and on TaxCut. Exactly the same entries (I checked),
>> but TC saved me $4,000 compared to TT. I was really surprised and
>> therefore checked everything several times and my entries in the
>> interview processes were exactly the same.
>>
>> Jeff
>
> So Jeff, what was the difference in the actual returns? One of the
> two programs didn't compute something (or take into account something)
> to make such a large difference? I'm most curious to hear what the
> bottom line difference was if you remember.
>
The final bottom line difference was about $4,000. I searched
everywhere and could not find why the calculations were different, so I
finally gave up and went with the lower tax bill :-)

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Andrew on April 10, 2008, 6:07 pm
Please log in for more thread options
Jeff wrote:
>> Jeff wrote:
>>>>>> I was just curious who did it the best.
>>>>>
>>>>> They all give the same results, if that's what you want to know.
>>>>
>>>> I thought I recalled a study with moderately complex returns that
>>>> showed they all gave different results (and phone calls to the IRS
>>>> gave yet more different results).
>>>>
>>>> Seth
>>>
>>> That is definitely my experience. I have a complex return and I ran
>>> it on TurboTax and on TaxCut. Exactly the same entries (I checked),
>>> but TC saved me $4,000 compared to TT. I was really surprised and
>>> therefore checked everything several times and my entries in the
>>> interview processes were exactly the same.
>>>
>>> Jeff
>>
>> So Jeff, what was the difference in the actual returns? One of the
>> two programs didn't compute something (or take into account
>> something) to make such a large difference? I'm most curious to hear
>> what the bottom line difference was if you remember.
>>
> The final bottom line difference was about $4,000. I searched
> everywhere and could not find why the calculations were different, so
> I finally gave up and went with the lower tax bill :-)

As Jeff asked below, are you saying that EVERY monetary line in the 1040 was
the same except for perhaps TAX DUE which was $4,000 less? Something
doesn't sound kosher at all.

--
-------------------------------------------------------------
Regards -

- Andrew

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by dpb on April 9, 2008, 5:45 pm
Please log in for more thread options
Jeff wrote:
...
> That is definitely my experience. I have a complex return and I ran it
> on TurboTax and on TaxCut. Exactly the same entries (I checked), but TC
> saved me $4,000 compared to TT. I was really surprised and therefore
> checked everything several times and my entries in the interview
> processes were exactly the same.
...

So, inquiring minds and all that... :)

Where did the savings come from and was it justified?

--

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
Free Software Downloads, Software Reviews, Download Freeware and ... August 25, 2008, 11:09 am
IRS follies: form 56 fiduciary vs. form 8822 change of address April 21, 2008, 9:54 pm
Tax Software (USA) February 12, 2007, 1:01 am
tax software bug February 15, 2008, 1:20 pm
Tax Software Questions January 17, 2008, 1:35 am
tax software algorthim February 15, 2008, 6:51 pm
Tax software version to keep? August 10, 2008, 8:48 pm
sales tax software suggesions? February 18, 2007, 2:53 pm
Basic inadequacies in tax software -- why? March 1, 2007, 8:49 pm
Proper financial software March 27, 2007, 1:21 am

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