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Posted by Jeff on April 10, 2008, 2:01 pm
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> 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?
Who knows. I could not find the reason for it.
Jeff
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Posted by dpb on April 10, 2008, 3:44 pm
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Jeff wrote:
>> Jeff wrote:
>> ...
...
>>> but TC saved me $4,000 compared to TT. I was really surprised and
...
>> Where did the savings come from and was it justified?
> Who knows. I could not find the reason for it.
Going through a completed form line by line couldn't find a $4k
discrepancy???
--
--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
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Posted by Jeff on April 11, 2008, 3:02 pm
Please log in for more thread options > Jeff wrote:
>>> Jeff wrote:
>>> ...
> ...
>>>> but TC saved me $4,000 compared to TT. I was really surprised and
> ...
>>> Where did the savings come from and was it justified?
>> Who knows. I could not find the reason for it.
>
> Going through a completed form line by line couldn't find a $4k
> discrepancy???
I have a complicated multi page return (50 pages without the D1 of an
additional over a hundred pages. So I have not bothered to print out
both returns. But I can tell you there was nothing obvious that I could
find and both programs found no final errors and both had exactly the
same data entered. Possibly TaxCut's interview was more in depth and
saved me money.
--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
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Posted by dpb on April 11, 2008, 4:50 pm
Please log in for more thread options Jeff wrote:
>> Jeff wrote:
...
>> Going through a completed form line by line couldn't find a $4k
>> discrepancy???
>
> I have a complicated multi page return (50 pages without the D1 of an
> additional over a hundred pages. So I have not bothered to print out
> both returns. But I can tell you there was nothing obvious that I could
> find and both programs found no final errors and both had exactly the
> same data entered. Possibly TaxCut's interview was more in depth and
> saved me money.
It seems to me there must have been _something_ observably different on
the 1040 itself to end up w/ sufficient difference to make $4k on the
tax. If that is line-by-line the same except for the tax owed,
something's definitely broke in one or the other.
I'm only pursuing this in the case that if you're choice of TaxCut's
answer is, in fact, in error, the IRS could send you an unexpected bill
at a time not of your choosing... :(
It would seem prudent to me (but, hey, I'm just an engineer :) ) to find
try to ensure that ain't agonna' happen.
--
--
--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
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Posted by Han on April 9, 2008, 9:09 am
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> misc.taxes.moderated:
>
>>
>>
>> I wouldn't bother loading the software if they gave it to me.
>
> Sure, tax preparation pros and other financial experts might do it the
> old fashioned way (just on paper, or PDF form) because they can do it
> in their sleep and have memorized Title 26 and the statutes on
> income/sales taxation for their particular states.
>
> But tax determination application software is useful for the do-it-
> yourselfer working up individual returns who only do it once a year
> and don't keep up on the latest acts of Congress affecting tax law.
>
> I was just curious who did it the best.
>
I only do our joint returns. Have been since we came to the US.
Situation was a bit unusual at first, simple 2 incomes, but I was a J1
student for a degree, so way back then I qualified for (whatever it was
called) non-taxable (Federal). Ever since we have been doing taxes
ourselves. If I had to start over, I'd go to a preparer, but I have
"grown into" our situations. I don't know anything about accuracy. IRS
has mostly accepted the returns, whether TurboTax or TaxAct. I quit
TurboTax over the registration flap several years ago. Now the hassle of
reentering data if I switch from TaxAct prevents me from switching
programs.
--
Best regards
Han
email address is invalid
--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
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