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formula1 01-27-2005 01:47 PM

Who does their own taxes?
 
Who does their own taxes? If you do your own taxes, what software (if any :rolleyes: ) do you use?

I've been seeing "Turbo Tax" ads all over the place. With software programs like that, it doesn't seem to make sense to pay someone $300-500 to do your taxes!

No offense to all you accountants out there! :drink:

Mentalpause 01-27-2005 01:53 PM

Re: Who does their own taxes?
 
I've used Turbo Tax for several years and had great luck. It might depend on your situation though on which software works best for you. Since both my wife and I are employed by a business rather than self employed, and we pretty much have the standard write off and stock investment stuff that lots of folks have, Turbo Tax is fine.

Can't speak to how well it would work if you are self employed or have other circumstances.

Sean H 01-27-2005 02:02 PM

Re: Who does their own taxes?
 
i would agree with mentalpause.... i have have done both and now i go through it myself and then have it looked at by a pro, i guess i like to see how i am getting screwed... either way sucks, i wonder if they would notice if i just didn't file my taxes... :D

302SR1 01-27-2005 02:07 PM

Re: Who does their own taxes?
 
I do my own because I can't find an accountant that will work the forms backwards!! lol :D

Sean H 01-27-2005 02:10 PM

Re: Who does their own taxes?
 

Originally Posted by 302SR1
I do my own because I can't find an accountant that will work the forms backwards!! lol :D


that is why i look at it first... :D i thought i was the only one that did that :D

formula1 01-27-2005 02:20 PM

Re: Who does their own taxes?
 
No, we're not self-employed. Is that the most user friendly stuff out there?

CigDaze 01-27-2005 02:24 PM

Re: Who does their own taxes?
 
Turbo Tax. It's very easy whether employed or self-employed.

cabin fever 01-27-2005 02:25 PM

Re: Who does their own taxes?
 
I use Turbo Tax online, and then usually try another one (Tax Act) online as well just to see how they compare. They are usually with in $100 of each other. I have no idea how they come up with different #'s but I enter the same amounts on both programs, and they somehow come up a little differently. Turbo tax is the easiest to use IMO.

Bill272 01-27-2005 02:56 PM

Re: Who does their own taxes?
 
I used Tax Cut last year after always using Turbo Tax. TT last year included some spyware that would load onto your PC, so I tried the other. I'm going to stick Tax Cut this year.

Racegirl3 01-27-2005 02:57 PM

Re: Who does their own taxes?
 
I use Turbo Tax. Have for years. Its easy, simple. I do mine and some for a few local businesses and friends. Easy, easy, easy. Im all about easy. :D

EvilTwin 01-27-2005 03:48 PM

Re: Who does their own taxes?
 

Originally Posted by Racegirl3
I use Turbo Tax. Have for years. Its easy, simple. I do mine and some for a few local businesses and friends. Easy, easy, easy. Im all about easy. :D



Easy, huh? What are you doing later? :D





I am an accountant and I don't do personal taxes (only mine). I don't use any software. (I probably should), but I have "things" I need to work out before it goes on paper. :D :cool: :D

jordy 01-27-2005 04:04 PM

Re: Who does their own taxes?
 

Originally Posted by Racegirl3
Im all about easy. :D

Easy, flames, checkered flags and Chevy bowties. The only fault I can find is that you live in Ohio. :D

articfriends 01-27-2005 04:07 PM

Re: Who does their own taxes?
 
Doesn't everyone thats self-employed due there taxes backwards on the form :D ,i use a accountant because the multiple depreciation schedules and stock statements profit/lose sheets got too confusing but i still "rough up" my numbers before i go in,Smitty

GLH 01-27-2005 06:32 PM

Re: Who does their own taxes?
 

Originally Posted by EvilTwin
...but I have "things" I need to work out before it goes on paper. :D :cool: :D

on water too I hear !!! :D:D


I use to do Turbo Tax works fine but now I have a CPA it got more involved...

offshoredrillin 01-27-2005 07:33 PM

Re: Who does their own taxes?
 
When I took my companies from Sole Prop to S corps, a whole new can o' worms opened up, I pay my accountant plenty to keep it strait, and he uses TT. Ya know, payroll taxes are a pain, next time, every one is a sub and gets 1099!

US1 Fountain 01-27-2005 08:33 PM

Re: Who does their own taxes?
 
We do!
The forms ask how much we made last yr, then we send that in. :D

LubeJobs42 01-27-2005 08:44 PM

Re: Who does their own taxes?
 
i do my own. I make $12,500 a year and have 8 dependants. I'm getting a good refund this year.

formula1 01-27-2005 10:56 PM

Re: Who does their own taxes?
 

i do my own. I make $12,500 a year and have 8 dependants. I'm getting a good refund this year
Yeah, with $25,000 in interest deductions! :evilb:

formula1 01-28-2005 03:36 PM

Re: Who does their own taxes?
 
How much does Turbo Tax cost? Can you do the Electronic Filing?

Queenie 01-28-2005 03:38 PM

Re: Who does their own taxes?
 

Originally Posted by formula1
How much does Turbo Tax cost? Can you do the Electronic Filing?

I was told that the only way it could be done electronically was by a licensed facility (ie H&R Block). I hope that's not true but I'm interested to see what is said. If I can do my own via TT and file electronically, I'm saving myself $275 this year (which is why H&R charged us last year).

Donzi38ZX 01-28-2005 03:47 PM

Re: Who does their own taxes?
 
I have done my own for years. I used to use turbo tax but switched to tax cut when TT started the spy-ware BS. All tax software offers electronic filing for about $20 I think, some versions include the electronic filing fee. HR and Hewitt offer those immediate loans that they call rapid refund. They are a ripoff if you calculate the interest.

Racegirl3 01-28-2005 03:50 PM

Re: Who does their own taxes?
 

Originally Posted by rastinger
I was told that the only way it could be done electronically was by a licensed facility (ie H&R Block). I hope that's not true but I'm interested to see what is said. If I can do my own via TT and file electronically, I'm saving myself $275 this year (which is why H&R charged us last year).

I e file with TT. Small fee. Refund in about 10 days or less.


http://www.turbotax.com/

formula1 01-28-2005 10:33 PM

Re: Who does their own taxes?
 
Thanks Racegirl3! I saw a sale they had at Staples tonight. Something like $69.95 for the "Deluxe" version, $29.95 for the "State" version and then the thing I hate the most...$20.00 Rebate on the "Deluxe" and a $29.95 rebate for the "State" and the "e-file" is free too.

Why can't they just deduct the damn rebate from the price? I hate all the BS paperwork that goes with the rebates! Then, if your're lucky, maybe they will send you your rebate (weeks or months later)! :mad: Can you imagine if you had to go thru this kind of crap to get a rebate from a new car dealer! :rolleyes: :eek:

happy hours 01-28-2005 10:47 PM

Re: Who does their own taxes?
 
I have always used TT, I bought again this year, what is the spyware BS you guys are talking about. Should I take it back and get tax cut? I have not broken the seal yet on the TT.

formula1 01-29-2005 09:47 AM

Re: Who does their own taxes?
 

I have always used TT, I bought again this year, what is the spyware BS you guys are talking about. Should I take it back and get tax cut? I have not broken the seal yet on the TT.
Anyone?

Donzi38ZX 01-29-2005 10:53 AM

Re: Who does their own taxes?
 
http://www.extremetech.com/article2/...,821479,00.asp

http://news.com.com/2100-1017-979357.html

Here are two articles. The Wall Street Journal also carried the story. I do not mind a software supplier limiting the use of their software to who has paid for it, but they better find a way that doesn't affect the computer I own or the other programs I have paid for.

formula1 01-30-2005 08:22 AM

Re: Who does their own taxes?
 
Thanks Donzi38ZX!


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