Axiom Home Page Forums General Discussion The Water Cooler Do you do your own taxes?

Again, I'm thinking I might try it this year. Do I need the software or what?

Anybody think they can point me in the right direction?

Thanks.

El-turbotax-o. Of course, we only have the standard deduction...

Mrs. Tuttle does ours. But she does have a BBA.

Turbotax.

Which country are you filing in?

US, Canada or your Swiss holdings?

We do TurboTax. I switched from the boxed software version to the online version last year and am happy with the experience. I've been a TurboTax guy for at least 6 years and really can't complain. It makes taxes straightforward enough that I actually don't mind doing them -- and we have to do the home and business version since my wife has her own business.

Cool. Thank you very much.

I'll look at online Turbotax and see if this simpleton can figure it out. Hopefully, my Swiss holdings and that Caribbean island I picked up on a short sale won't complicate things too much.

I have a friend that lets me and all of their friends use their ultimate version of TurboTax.

My wife is a CGA so we do our own... Although the Turbo Tax makes it pretty easy

The good thing about the online version is you don't have to pay until you want to file.

I do my own, with a Bic Pen.

I've used TaxACT's free, online Federal filing, and then used Maryland's free, online State tax filing service for the Local/State side of things. TaxACT does as good as job as any other software I've seen. They do bug you along the way about paying for the premium service, but it's always an easy decline button.

This is unfathomable

Your right. We're talking about government forms here....a crayon would be better.

TurboTax is good. I know many people that swear by it.

I use H&R Block's TaxCut. It does what it's supposed to do and I figure that H&R Block knows a thing or two about doing taxes.

I couldn't imagine doing my taxes by hand. If you can do that, more power to you. Your talents far exceed mine. TaxCut (and certainly TurboTax too) makes it easy because it walks you through your financial situation and figures out where you can get deductions and credits. And it finds things that I don't even know how you'd otherwise know about. Not without pouring over hundreds of pages of exciting IRS documents.

For instance, did you know that if you bought a brand new car after February 16, 2009 and have an income of less than 125k (MFJ: 250k), you can get a federal credit back on a percentage of state sales tax that you paid? I didn't. TaxCut did. Added several hundred bucks to my refund that I otherwise wouldn't have known about. That alone was well-worth the $29.

I use TaxACT to do our taxes. The Federal is free, but you have to pay like $15 if you want to file for state. It all is done through their website. Same concept as turbotax.

Another TurboTax user here. I've been doing my own taxes for a long time. I used to get mine prepared by a tax guy, and then, for kicks, I had my father-in-law do it in Turbo Tax. I got about another $500 using TurboTax because it has questions in there that it asks you that a tax person may not think to ask... And then the next year, the "tax guy" started using some computer software too (this was many years ago, so it wasn't unusual for taxed to be prepared with the ol' "Bic Pen") It will be TurboTax again this year!

TurboTax here also. Been using it for some years now.

I get an accountant to do mine this will be the third year now and I either did it myself or had the tax ripper off'ers do it. I will never go back worth every penny.

Canada that is.

later
Phil

Tax Cut here like Peter above..

I get to go back to the EZ form this year. Last year I had to do the stupid regular 1040 to get my first time home buyers tax credit. My mortgage interest isn’t high enough that I can find enough other stuff to lump in to make it larger than the standard deduction.

Though this year I do have to make about half my IRA traditional rather than Roth to avoid paying 25% on the money.

Yeah, Mark; with a pencil for my copy and a pen for the IRS's.

Used to use QuickTax to do our income tax. In '08 switched to an accountant, I'll never do diy again.

OK, if you schmucks can figure out how to do it, I reckon I can, too.

I haven't done my own since I bought our first house in '98. Just about the same time I started voting Republican, too.

Don't worry about making any mistakes. Usually with good behaviour, they let you out in 6 months or so.

We've been using the same accountant for the past nine years Wayne, we'll never do the DIY again either.

Been using QuickTax since 2000. It's great to be consistant over the years as it keeps track of things like Capital Gain/Loss and unused medical expenses and such.

For the Canucks on the board, many people at work have sworn by this free software site. StudioTax

Just for giggles last year I tried it after using the quickTax and it was within pennies. I know, should have been exact.

Turbo tax had some bad DRM a few years back, so I switch to TaxCut and have been happy since.

The thing that I have noticed about Turbo Tax is they don't seem to get it quite right until about March. I wait and then update thier software in about March and you are usually good to go.

My bosses' wife has an accounting business. I've been taking mine to her for a few years now.

Same here. The best thing is not having to figure out which forms you need to fill out.