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Best way to do taxes
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Traction Control
 
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Best way to do taxes - February 2, 2010, 10:06 AM

I'm amazed this thread doesn't exist yet, lemme know if you find a previous one.

cliffs: how do you do your taxes? turbotax? H&R block type shit? old school paper way?

I started working full time real world job a year and a half ago, so always did my taxes with my mom. now that I got big boy shitty taxes, I wanna know the best way to do them and get the best return. Is it really worth it to see a financial person like H&R block or something?
I did turbo tax last year, and it made it pretty easy. totally worth the $50 as opposed to doing it pen and paper.
Are there any tax "secrets" that you would be kind enough to share? what about all those little deductibles like "did you shit green, on a thursday, after you bought lunch, for your boss: $50 back" ( you know, those ones that no one ever thinks of).

opinions and help please, thank you

please don't shit in my thread, I would like some helpful hints for me and anyone else that needs it


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February 2, 2010, 10:09 AM

We use turbotax every year. My financial adviser always says to do it by hand b/c it is less likely for you to get audited.

Fak that. Turbo tax is easy and just get it over with. If your shit is legit, then whatever.


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February 2, 2010, 10:10 AM

TurboTax. Been using it for the past 10 years. It's nice when I'm able to transfer data each year, brings over employers info, addresses, etc. Then I just have to go thru and plug in w-2 stuff, 1099-int's, etc.

If you don't have investment properties or complicated taxes, you can pick up a basic TT package that includes state for I think around $40.

Gimme your taxes, I'll do em for you for $20


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February 2, 2010, 10:12 AM

another benefit of using TT is that each year, it keeps your prior years info and auto fills it all in for you. Then it shows you prior years $$ amounts. pretty nice.


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February 2, 2010, 10:12 AM

i know u can do turbo tax online. is it same as the software? and if i bought the software can i use it for myself and my parents without buying another copy?


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February 2, 2010, 10:13 AM

Been using TurboTax since it came out. It rocks. Use to do it by hand before that and was a pain! Plus there are different levels of TT to buy depending on what you own and do. I use the Basic with just 2 jobs, kids and mortgage. Get deluxe if you have to itemize your stuff. You can get TT on sale at Office Depot. Buy the disk and load onto a safe computer. Do all the updates also. It is real easy to do.


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February 2, 2010, 10:13 AM

shroom, i believe it is the same.. I think we buy the SW b/c it gives you a little bit more options. saving to pdf..and some other stuff. I cant remember off the top of my head.


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February 2, 2010, 10:15 AM

Quote:
Originally Posted by ShroomDuck View Post
i know u can do turbo tax online. is it same as the software? and if i bought the software can i use it for myself and my parents without buying another copy?
When you do the online version you are giving TT all your info and they store it. Sorry but I do not trust them to not get hacked and someone will have all your info. Just buy the disk and yes you can use it on different computers. Just do not register it.


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February 2, 2010, 10:18 AM

Turbo Tax online. Quick and easy
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February 2, 2010, 10:19 AM

I use turbotax these days. I went to H&R block for my 2007 taxes since that was the year I purchased my home and it was a total waste. They charged me close to $300 just to input my info in to their tax software. I could have done that myself. Plus, anytime I had any questions the guy looked at me like "huh??? ummm I donno"

I did have a big issue with Turbotax last year though -- there was a bug on the MD State tax side and I spent HOURS trying to figure out what I did wrong. Finally, I went through the Turbotax site and found out about the bug. Mind you, the information about the bug was deep down in the site. I signed up for a list to be notified when the bug was fixed and never received a notification. ... just had to go back on the site and try it every few days.

I hate tax time
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February 2, 2010, 10:19 AM

Takes me 10 minutes of paper work


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February 2, 2010, 10:20 AM

tubotax easy as hell cost me $60 to file, filed 2weeks ago already got my state back, federal this friday the 5th, im rich bi*ch.


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February 2, 2010, 10:21 AM

I take mine to my parents. They do mine on turbo tax for me..


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February 2, 2010, 10:23 AM

Quote:
Originally Posted by RFORC1 View Post
I take mine to my parents. They do mine on turbo tax for me..
BINGO



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February 2, 2010, 10:28 AM

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