Author Topic: DIY Tax Software  (Read 22757 times)

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Offline ps9

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Re: DIY Tax Software
« Reply #30 on: January 24, 2015, 07:17:55 AM »
I use a CPA, good to have another set of eyes on your finances, pay $350 last year, looking back, looks like quite a bit of fees to pay for a fairly straightforward return.  I do get questions throughout the year, so for about a $1 a day, I get my answers from a professional who knows my history.  She has been raising the price every year though.. If it tops over $400, gonna have to hit up qwerty and USCTrojan for advice :)

PS9 - for $350, does that include tax planning? (Reducing Income, Increase Your Tax Deductions, Take Advantage of Tax Credits)



Yeah, that's what we go over on our return.  Not much we can do on income, max out 401k contributions, FSA, Dependent care, that's about it.  Our deductions has gone down YOY due to my 5/1 ARM refi's, a good thing.  We don't qualify for tax credits, if you know any, let me know.

Offline bones

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Re: DIY Tax Software
« Reply #31 on: January 24, 2015, 07:51:55 AM »
I use a CPA, good to have another set of eyes on your finances, pay $350 last year, looking back, looks like quite a bit of fees to pay for a fairly straightforward return.  I do get questions throughout the year, so for about a $1 a day, I get my answers from a professional who knows my history.  She has been raising the price every year though.. If it tops over $400, gonna have to hit up qwerty and USCTrojan for advice :)
That's a 1%er move. How many questions did you ask in the last year? I'm guessing all could've been answered with less than 1-2 hours of google-fu and reading.

Not that much, average..maybe 3 questions through email.  Hey good info's not cheap, might as well get it from the source. 

I agree with this. It's the same reason we went through an family/estate attorney to do our trust stuff versus diy on legal zoom. I email my guy a few times a year too with questions. Most recently, he had to look at something for me during a refi. All for "free". Obviously, if something is more complex and requires more than a quick look or email back, I'm sure he would charge me but at least I have someone to go to right away.

Offline ps9

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Re: DIY Tax Software
« Reply #32 on: January 24, 2015, 09:54:59 AM »
Forgot to add my CPA is also a JD so can handle estate issues as well, maybe that's why it's expensive.

Offline i1

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Re: DIY Tax Software
« Reply #33 on: January 24, 2015, 10:32:29 AM »
For more complex stuff or when you don't have time or interest, I'd agree getting expert info is very worthwhile. On straight forward taxes, there's usually lot of free, good info not too hard to find

Offline eyephone

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Re: DIY Tax Software
« Reply #34 on: January 24, 2015, 10:43:31 AM »
I use a CPA, good to have another set of eyes on your finances, pay $350 last year, looking back, looks like quite a bit of fees to pay for a fairly straightforward return.  I do get questions throughout the year, so for about a $1 a day, I get my answers from a professional who knows my history.  She has been raising the price every year though.. If it tops over $400, gonna have to hit up qwerty and USCTrojan for advice :)

PS9 - for $350, does that include tax planning? (Reducing Income, Increase Your Tax Deductions, Take Advantage of Tax Credits)



Yeah, that's what we go over on our return.  Not much we can do on income, max out 401k contributions, FSA, Dependent care, that's about it.  Our deductions has gone down YOY due to my 5/1 ARM refi's, a good thing.  We don't qualify for tax credits, if you know any, let me know.

The things you mentioned does not seem "value added" and does not warrant a $350 prep fee.  So now you know what to enter in the tax form. (for you - w2, mortgage interest, property tax, interest income; thats really simple)
You can just use turbo tax or H&R Block software.  Since your a "deals" type of guy think about TaxAct, I think its cost $20. (Im strongly considering taxAct after the the turbo tax "debacle."

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Offline irvinehusky

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Re: DIY Tax Software
« Reply #35 on: January 24, 2015, 11:50:08 AM »
Thank you for the info.  It doesn't sound like Intuit learned enough of a lesson though by just giving back rebates for Premier or above this year.  They didn't say from next year Deluxe will include those things again.

If not, they should rename the Deluxe version to the "Not-so-Deluxe" version. Or, 99.9%er version.   :P

Definitely if Deluxe doesn't restore those functions (at least Schedule D) next year, I will look for something else.

UPDATE:
"TurboTax users are loyal customers. Many were furious when they learned that this year's desktop version of TurboTax Deluxe had been downsized. The company removed Schedules C, D, E and F - the forms needed to report income from investments, self-employment and rental property income. To get that full functionality, customers must spend an additional $30 to $40 to upgrade to other versions of TurboTax.

Intuit announced that it will rebate $25 to customers who used TurboTax Deluxe desktop software last year and needed to upgrade to TurboTax Premier or Home & Business to file their 2014 returns. That rebate is available to those who apply after they file their return. To get the money back customers are required to provide their Social Security number."

http://www.nbcnews.com/business/taxes/intuit-apologizes-offers-rebate-downsized-turbotax-deluxe-n292041

Offline bones

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Re: DIY Tax Software
« Reply #36 on: January 27, 2015, 09:13:52 AM »
Just got an email saying I will get a free upgrade to whatever version i need to file taxes this year. Not sure if this is an everyone thing or only certain customers.

Blurbage:
You may have heard about the changes we made to our desktop products, both the CD and download versions, including removing support for Schedules C, D, E and F from TurboTax Deluxe. These tax forms are required to report business income, investment and stock sales, and rental property income.
 
Because you are a loyal TurboTax Advantage member, if while preparing your return, your tax situation requires any of the forms listed above, you will automatically be upgraded for free into the product that's right for you.

Offline eyephone

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Re: DIY Tax Software
« Reply #37 on: April 13, 2015, 11:41:53 AM »
I just finished my taxes using turbo tax.

Offline qwerty

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Re: DIY Tax Software
« Reply #38 on: April 13, 2015, 01:14:03 PM »
yeah wrapping up mine today. had mostly estimates in there to see ballpark what i would owe.

Offline irvinehomeowner

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Re: DIY Tax Software
« Reply #39 on: April 13, 2015, 01:18:47 PM »
yeah wrapping up mine today. had mostly estimates in there to see ballpark what i would owe.
Heh... tax twins.

Looks like we owe again... bleh.
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Offline eyephone

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Re: DIY Tax Software
« Reply #40 on: April 13, 2015, 05:14:13 PM »
I'm not going to pay to efile the California return. I'll just print it out and mail it.

Offline qwerty

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Re: DIY Tax Software
« Reply #41 on: April 13, 2015, 05:28:14 PM »
I'm not going to pay to efile the California return. I'll just print it out and mail it.

I didn't think they let u print it out. Don't u have to pay first to be able to print it out?

Offline eyephone

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Re: DIY Tax Software
« Reply #42 on: April 13, 2015, 07:16:54 PM »
I'm not going to pay to efile the California return. I'll just print it out and mail it.

I didn't think they let u print it out. Don't u have to pay first to be able to print it out?

I bought the cd version at costco. So if I print the state return it's free. The software will generate a PDF version.


https://ttlc.intuit.com/questions/1943980-how-do-i-file-by-mail-in-the-turbotax-for-windows-cd-download-software

Offline qwerty

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Re: DIY Tax Software
« Reply #43 on: April 13, 2015, 07:34:58 PM »
Got it. I've never bought the software

Offline eyephone

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Re: DIY Tax Software
« Reply #44 on: May 26, 2015, 01:46:23 PM »
"IRS says thieves stole tax info from 100,000

Thieves used an online service provided by the U.S. government's tax collecting agency to gain access to information from more than 100,000 taxpayers, the Internal Revenue Service said Tuesday."

http://www.cnbc.com/id/102695128

 

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