Home Page link  

TurboTax or Taxcut

 

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
TurboTax or Taxcut Apala Man 02-20-2007
Posted by Ernie Klein on February 23, 2007, 6:50 am
Please log in for more thread options
> Missy wrote:

>> A human tax preparer usually saves you more money than they
>> cost you.

> I've heard from more people that the style of their tax
> preparer is to send a 'checklist' of things to bring or fill
> in the numbers. This is either mailed in or dropped off to
> his office. A finished return is given back, with little or
> no discussion or council. If this is not typical, then my
> apologies. In any case, it would seem that most of the
> dialog occurs after the tax year has ended, in which case
> I'd be curious what a human preparer would uncover which the
> human tax payer would not have already provided.

Garbage in, garbage out.

If the preparer doesn't ask the question and the taxpayer
doesn't have a clue then is some cases the TurboTax
interview may even be better.

My father always did his own taxes. Many, many years ago
after he passed away, my mother went to a preparer for a few
years. Not a store front, but two different CPA's who
specialized in tax. Over three years my mother an I found
several items that were either entered incorrectly or
omitted altogether. In both cases they filed amended
returns for her without charge, but we, not they, found the
errors.

Since then I have prepared all of our returns. Like most
things - if you want something done right, do it yourself.
That doesn't mean that you don't have to put forth the
effort to educate yourself and keep abreast of changes of
the tax laws.

Not for everyone perhaps, but it works for me.

--
-Ernie-

<< ======================================================= >>
<< 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 (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by joetaxpayer on February 21, 2007, 7:07 pm
Please log in for more thread options
Apala Man wrote:

> Which of these 2 programs should I use to file my taxes? or
> there other ones that are better? I work fulltime, my wife
> works fulltime, we have kids and we just bought a home. is
> this something the software will able to do and get us the
> best damn returns or should I just go see a human tax
> preparer. Thanks. I will appreciate all your insights.

Aside from one quirky aspect of their pricing (I posted
elsewhere that a returning customer gets a solicitation for
the new year's software, at full retail, plus shipping, and
then get a delivery well after you can find it in the stores
for less. For me and the accounts I handle, I need the
ability to do a dry run before the end of the year, to make
decisions regarding IRA conversions, stock sales, etc.) I
like TurboTax.

The product itself is easy, intuitive, and offers an
'interview' mode or just 'go to forms'. You don't mention
stock trading, or rental property. It sounds like you will
have an easy go of it. I'd be surprised if you could get a
'better' return with a pro. The year is over, and the only
thing you could do now is make an IRA deposit for 2006. The
effort should go into planning for this year, otherwise for
2006, what's done is done.

JOE
JoeTaxpayer.com

<< ======================================================= >>
<< 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 (2006) - All rights reserved. >>
<< ======================================================= >>

Similar ThreadsPosted
Taxcut and TurboTax give me different taxes due ..... March 26, 2008, 4:42 pm
TurboTax 2006 December 25, 2006, 10:14 am
2006 and Turbotax February 11, 2008, 7:57 pm
TurboTax Problems For Some Mac Users March 13, 2007, 3:47 pm
Is there a user group or forum for Turbotax? March 12, 2007, 6:34 am
question on reporting RSU in taxes (turbotax) March 17, 2008, 12:52 pm
TaxCut problem? January 30, 2007, 12:09 pm
TaxCut Question April 19, 2006, 12:57 am
TurboTax Deluxe BUG! Educational Tax Credit (form 8863) February 27, 2007, 4:14 pm
TaxCut new policy or IRS requirement? February 25, 2007, 5:19 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