Reply
Sat 22 Mar, 2008 01:49 pm
Well, it's that time of the year again. Taxes are due in less than a month.
How do you do your taxes? Have you done them yet, or do you wait for the last minute? If you use a computer program, which one? Is it one that you have used before, and if you have switched, why?
I am using Turbo Tax. This is the first year I've attempted to do it myself, I am however, having an accountant friend look over it to make sure I didn't miss anything. Hopefully this will give me the confidence to do it myself without help next year.
I used to use Turbo Tax until the scandal a few years back when I switched to Tax Cut. No real reason to switch back even though TT fixed their problems.
Not done yet. Not even started. I'm traveling the week of the 15th so I'll have to have them done before I go -- probably send them in on the 12th.
Myself, by hand. I tired turbotax a couple of years, and had to leave the computer running overnight to get the updates, without which, it would not procede. The updates involved special rules for victums of hurricane katrina. I am not in an area affected and thought this was a magnificant waste of my time.
This year, they sent me an unsolicitated disk. I am supposed to pay if I use it. I didn't, and they sent me several reminders. Seems they can't even give the blessed thing away.
I use Turbo Tax online. I won't use a desktop-based software, as that requires that all the tax law logic happen on my computer, which means I need the updates to get there and need a new program every year.
Last yeat my accountant charged me 600 buckaroo's. Years prior it was in the 300 range. When I questioned the huge jump last year she said it was because she had another form to fill out because I sold some stock.
Sooooo.......this year I used Turbo Tax online. Happy to have saved the money on this years taxes since Uncle Sam doesn't think I need to be included in the "rebate" other people are getting. Jeesh....and I would have spent that money like the gov wants us to do!
I used to do them by hand, Phoenix. I have a fairly complicated return and it got to the point that I was running around looking for worksheets and sub-worksheets at the last minute. I'd spend hours doing all the worksheets only to reach the bottom and be told that I should use the original number I had before going through all the bs of the worksheets. That's when I started using the computer. What took days now takes a couple hours.
JPB- If only I could convince Mr. P. Every year he makes such a big deal over it. Our return is also rather complicated, and he is convinced that a computer program could not possibly have all the things that he needs. I attempted to explain that anything that is not as he wants it from the program can be dealt with manually, but I am pissing in the breeze.
Turbo Tax online, and have done so for years. I've never had a problem with it. My taxes are long done and the refund is already here.
That might be a way to convince Mr. P.
Back when I could use the 1040 short form I did them by hand but I've used Turbo Tax for the last 15 or so years without problems. I've debated on using their on-line product for teh last few years simply because it allows you to store your retun there if you need to look it up for some reason.
If you use the stand alone desktop product you have to install the software again (for some insane reason each year's version corrupts all thw provious years installations so if you need to look at your 2004 returns you have to install all of the 2005-2007 programs and reinstall the 2004 software - which you likely no longer have the validation key for...).
TurboTax online for me. We've already done them. It's cheap and you can e-file from there for both state and federal. It took me one long evening to get it all done, but it's done.
I did my return by hand and had 2 bottles of White-Out available for corrections.
If you do many stock trades you know what a dam pain the whole thing is.
I have a financial advisor who does them. I'm just too damn lazy and it's part of their service anyway.
Tax guy. I did Turbo Tax once and screwed it up. Easier just to pay someone.
I have an accountant. I deal with 1099s and it's just safer to have
someone who knows the ever changing tax laws, and works to my
advantage.
Theoretically I use a computer programme.
But I still have to do taxes for 2003, 2004, 2005, 2006 and 2007.
Probably time to start on that!!!
Gee, Bohne, are you going to have to dig up software old enough to do all that?