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Thread: Do you use Turbo Tax or some other tax program?

  1. #1
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    Question Do you use Turbo Tax or some other tax program?

    I have been using Turbo Tax for many years. I like the fact that it will automatically transfer my info from the past year to the current year. However each year it seems they try to squeeze a little more out of me. It looks like they will now be charging for the state tax program with Turbo Tax Premier. I am thinking about switching and wonder if anyone uses any other programs. My taxes will be a little complicated this year as I sold two houses (my main residence and a vacation home) and bought a new main residence. In addition I bought & sold several stocks.
    Thanks for any advice you might give,
    Dennis

  2. #2
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    Yeah, they seem to be doing that but I still like 'em and will stick with them for the time being.
    Wood: a fickle medium....

    Did you know SMC is user supported? Please help.

  3. #3
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    I use H&R Block Software. It also will transfer last years data to the new software.
    George

    Making sawdust regularly, occasionally a project is completed.

  4. #4
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    I've used H&R Block for 12 years. It works fine and I am reasonably sure it will import from old TurboTax files. TurboTax is usually reviewed as being better, but I am used to H&R Block. I just don't know why they abandoned the name "Taxcut". I have sold houses and stocks on the Deluxe program.

  5. #5
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    We've used turbo tax for years. What I have noted is that if you get the email from Intuit for the new version that you can save money for the exact same version from Amazon and other sources for less money. We buy from other sources rather than directly from Intuit. Our PA tax return is so simple that we don't use turbo tax to do it.
    Lee Schierer
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  6. #6
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    Ima long time TT user. I don't see a strong enough reason to change. I just picked it up from Costco the other day.
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  7. #7
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    I normally do my taxes with the HR Block program and it is similar to TT. This year I am having a professional CPA do them as there are some complicating matters and I do not want any chance of an IRS problem.

  8. #8
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    Quote Originally Posted by dennis thompson View Post
    Thanks for any advice you might give,
    I've used several programs over the years and followed all the details they provided.

    The program I use now I call the accountant since that's what he is. His fee is surprisingly reasonable even when the returns got complicated.

    The first year he wanted to see my last few returns. He refiled some things and the IRS sent me a check for around $10,000. I decided to not do my taxes with a program any more.

    JKJ

  9. #9
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    Quote Originally Posted by John K Jordan View Post
    I've used several programs over the years and followed all the details they provided.

    The program I use now I call the accountant since that's what he is. His fee is surprisingly reasonable even when the returns got complicated.

    The first year he wanted to see my last few returns. He refiled some things and the IRS sent me a check for around $10,000. I decided to not do my taxes with a program any more.

    JKJ
    I do taxes professionally, running a tax center for a military base. We do returns for active duty personnel, retirees, and military dependents, all for free. It's amazing how many times we look at returns that individuals have done theirselves, using one of the tax programs out there, and find large errors in the return. The majority of the erroneous returns have had the taxpayer paying too much tax, but have seen a sizable number where they ended up owing additional taxes as well.

    Self-preparation is not the only way to get an errant return, as we've encountered many errors on returns from commercial tax services as well. I've even seen a few prepared by accountants with errors as well.

    Unfortunately, our tax laws have become so complex that most individuals are liable to have errors if they have any type of complex return. Best you can do is get your return prepared by the most knowledgable individual available. And that doesn't necessarily mean you have to pay someone else for that service. The tax software packages out there can do your returns correctly as long as you're able to understand the interview questions, and you provide the correct answers. If you have a more complicated return, you might be better off with an accountant as JKJ indicated above.

    Happy Tax Time.

  10. #10
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    Quote Originally Posted by dennis thompson View Post
    I have been using Turbo Tax for many years. I like the fact that it will automatically transfer my info from the past year to the current year. However each year it seems they try to squeeze a little more out of me. It looks like they will now be charging for the state tax program with Turbo Tax Premier. ,
    One state is included in every version of Turbo Tax except Basic.
    (from the back of this years box)
    Howard Garner

  11. #11
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    I had used turbotax for many years, and in recent years Vanguard gave a significant discount to it's fundholders. Last year they stopped doing that and when I looked at prices, H & R Block's software seemed much more reasonable. I like doing my own because I feel it gives me a feel for the process and my own financial status. Similar reasons as doing my own plumbing, electrical, etc, although I recognize in all those cases a pro might do it a bit better, and definitely faster.

  12. #12
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    I switched from Turbo Tax to HR Block due to price hikes, TT quality slips, and the TT hack (to a lessor degree). I was finding more and more places in the TT program that I needed to resort to the underlying forms to understand how to answer some of the questions for my situation. The HR program does not support our regional tax authority (RITA) forms though, as TT did.
    Brian

    "Any intelligent fool can make things bigger or more complicated...it takes a touch of genius and a lot of courage to move in the opposite direction." - E.F. Schumacher

  13. #13
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    I used TT for about 5 years and found it nerve racking entering the information and double checking my fat fingered typing. Used to take about three hours.

    Went to an accountant last year because of a complicated stock transaction that I didn't want to handle. I feel his service and advice is well worth the cost, plus I get 3 hours of my life back and I can do something enjoyable with it.
    Confidence: The feeling you experience before you fully understand the situation

  14. #14
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    I've used TurboTax for about as long as it's been available. (Same for Quicken)
    --

    The most expensive tool is the one you buy "cheaply" and often...

  15. #15
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    Quote Originally Posted by Larry Frank View Post
    I normally do my taxes with the HR Block program and it is similar to TT. This year I am having a professional CPA do them as there are some complicating matters and I do not want any chance of an IRS problem.
    I did that a few years back. I hired a CPA both for the complicated year and the one before because I wanted to be sure everything was done right. The following year I found he had royally screwed up and had to sue him for malpractice.
    You will probably have better luck.

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