What is your opinion on computer programs that do your taxes, i.e. Turbo Tax, Tax Cut?

Answer 1

Most of the programs are easy, reliable, and very accurate. For simple returns, they are great. Everyone should have at least a basic understanding of income tax, how much is coming out of your paycheck, and some good strategies to holding on to more of your earnings. TurboTax and Tax Cut both will guide you through the steps and give you a basic understanding of tax guidelines.

It gets tricky when returns get more complex. For anyone who has a more involved return, with self-employment income or rental property for example, I recommend having your taxes done by a tax specialist. Not only will you probably save a lot of money over doing it yourself, but most preparers give you some sort of guarantee of accuracy, and will go with you to an audit.

Answer 2

I have been using Turbo Tax for many years. However, I always buy Turbo Tax Basic only. All of these Premium, Deluxe and other more expensive versions are all a bunch of BS. I have a W2 job, I have a Schedule S business, I have a rental property and Basic does it just fine. They do try to force an upgrade on you as soon as the program sees that you have a more complicated situation, but I always press "Continue Without Upgrade" and it works just fine for me. I do not use their State product, since Illinois offers a free on line filing right on state website and it takes 10 minutes to do, so why pay 29 bucks to someone else.
All products offer electronic filing option, and I use it and love it. You get your refund (if any) quickly and easily. If you owe, at least you know your tax return is received and it's error free.
I never tried to use Tax Cut product, simply because I am used to Turbo Tax, and didn't feel there was any benefit to switch.

Answer 3

If you have all your information and you have a simple tax return then they are wonderful, they save you tons of money and are usually correct.

IF your taxes are more complicated might need to see a professional.

Answer 4

sure. that is my eighth year utilizing TurboTax optimal. All tax practise application ought to arise with similar effects. you could try pleading lack of expertise, notwithstanding the IRS gained't purchase it. TurboTax in effortless words guarantees the calculations in accordance to solutions you presented in the course of the interview procedure. you want to comprehend the filing criteria. Their application is tremendous at explaining virtually all circumstances and is particularly sensible for monitoring depreciation and charities.