Best Tax Programs?
inf0c0m asks: "Now that tax season is upon us again, what sort of tax programs should I be trying out? I've done the tried and true Quicken before, but I was hoping something Open Source, or something that comes highly recommended from other Slashdot users. I've also done some independent contract work this past year, so something that is more friendly in that sense would be nice. Any recommendations?"
I've been using TaxAct for three years now after getting fed up with TaxCut and TurboTax/MacInTax. The programs works well and the price is right.
http://taxact.com/
Cheers, Igor
I can't say it's great, but TaxCut is less oppressive than TurboTax and can (theoretically) import your TurboTax return. You can work through your independent contracting work, apply deductions, and test out multiple scenarios, etc.
The simple fact is that most people don't really need tax software. It's not that hard to do by hand.
The grass is only greener, if you don't take care of your own lawn.
Any recommendations?
Yes, read what was said about taxes on Slashdot back in January and March of this same year in the Ask Slashdot section.
Most men are not thought unwise until they speak.
My tax package is named John. The assistant applications are named Steve and Kristi.
Seriously, why would you work your butt off all year long and then cheat yourself by not using the right tool for the job, specifically a human trained in the ways of the tax code?
No tax package will ever tell you stuff like "if you only claim 80% of your home office deduction, then you can use the Druss-Knackwurst Act of 1923 to triple your mileage". A good CPA, however, will geek out on your 1040 like a overclocker with a free supply of liquid nitrogen, with the critical difference that your accountant is legally responsible for keeping you on the good side of the IRS.
Mine says things like "I was laying awake last night trying to figure out how to carry back your dividends from three years ago to count against your liability next year", then will go on to explain it in the same way I tell my coworkers about new CPU developments. Get one like that and keep him or her for the rest of your life: they're worth the price a hundred times over.
Dewey, what part of this looks like authorities should be involved?
Try out UFile.ca.
- Cheap
- Secure
- Multi-Browser friendly
- Pay only if you file electronically
- Netfile compatible
-MM-
Mine are not simple. I tried both Taxcut and the Quicken/Intuit one a couple years ago, and it said I had a $4200 refund coming to me. I took my stuff to a tax guy, and I ended up getting over $6k back.
Go to a real tax guy, not one of those H&R block things. They will hire anyone, give them a couple days of training and send them out to do your taxes. My tax guy charges me $130. He sends me a postage paid envelope in January every year, I drop my stuff in, he calls me with questions, then when it's ready I go in and sign it. I just drop the tax stuff I need in the envelope as it comes in the mail, print out any 401k or stock market stuff I need, and send it off.
No computer program can be a substitute for a guy with 20 years of experience doing taxes. He'll find deductions you never knew you could take. Deductions add up quickly if you're in a high tax bracket.
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Your best bet is H&R Second best bet is TaxCut
I was going to ask "What sort of idiot would pay their taxes with their credit cards?" and then realized this is America. Poor fiscal decisions are a way of life. Unless your credit rating is excellent (and often even then) you will likely be paying at least 7-9% on that debt. The IRS only charges 5% if you enter an installment agreement to make monthly payments on your tax bill.
this is getting old and so are you
blog
Fill out a 1040. You know, with a pencil. Takes about ten minutes, plus another five or so for the Ohio IT-1040. I pick up the forms a the public library. Unless you've got something complicated going on, like self-employment or real-estate holdings, I just don't see the point in spending an extra $20 or more on special-purpose software that isn't useful for anything else and will have to be replaced with a new version next year. Maybe if the IRS distributed their own tax software, for free, I'd consider it, but then again frankly if it would probably have such an icky interface that I'd end up going with the paper forms anyhow.
Cut that out, or I will ship you to Norilsk in a box.
because last year, it told me my entire Federal tax burden was around $780. I make middle-5 figures. That's less than 2% of my gross income. Woo-hoo!
Unfortunately, I deducted at the single-person rate, so Uncle Sam gave me a whopping refund back. People are always so happy to get their own money back...
So, how did I do it? I am married, with one kid, and a mortgage. My husband is a college student. We maxed out my 401(k) and Roth IRA contributions. Those increase our deductions, lower my net income, and give us tons of tax credits. I love the tax credits!
I don't think a human tax preparer could have done much better.
--The Programming goddess from Gorflaz
The fee is tax deductible, you'll get better results, and if there is a problem, you accountant has to assist.
if you steal from one source, that is plagiarism, if you steal from many, well, that's just research.
Abolition. Taxation is merely theft by the biggest mob.
Bob-
(However, use a tax accountant. Not only do they usually save more money than they cost, their fee is tax deductable. It also spreads the liability in case the IRS decides to take you down.)
The Ludwig von Mises Institute. The reasoning individuals economics
When it comes to your taxes (your money!), don't skimp on a less than excellent tax program. Get TurboTax. I've reviewed all the other programs and can state this with confidence.
Bob Meighan VP, TurboTax
How is the previous comment flamebait, when it is simply true? I've even had to dump my efforts to use open source finance software, for the same reasons. There are just too many nuances about finance and tax law for the open source projects to be really successful.
We have not previously provided a Linux version of TurboTax (desktop) simply because it has not even hit our radar screen in terms of customer demand. While it is probably not a huge technical hurdle to develop, I suspect it would not come close to providing the return to justify the development efforts. Years ago we developed the tax language to enable us to write the code once and port to Windows, Mac and Internet versions of TurboTax. That early effort enabled us to support Mac without too much concern for the size of that base. I also suspect that most Linux users have access to Windows computers, so I question how many people really need a TurboTax Linux version. That's the reality, but if we get enough demand, we'll meet the need.
An Open Source version? Well our current business model does not support an open source model and I don't see that changing soon. However, we do provide TurboTax Online to about 2 million customers/year at no charge.
Bob Meighan
VP, TurboTax
>>not one of those H&R block things. They will hire anyone, give them a couple days of training and send them out to do your taxes.
pure ignorance on your part. My dad (retired engineer) applied and took their course. It starts with 2 months of twice a week intensive training, weekly tests and three major tests. Then, if you get more than 80% on the final you're eligible to interview, and they're selective on who gets hired. Then there's additional training on their software. Novice preparers only do simple returns, they have to "level up" with experiance points.
I can just imagine hearing the guy in the next cubicle at H&R Block, "Woo hoo! I just completed a +5 1040A. Level 2 here I come!"
Yeah, EPs are cool.
"Enjoy what you're doing! If it becomes drudgery, you're doing it wrong!" - Jim Butterfield
A question I'd like to ask is would you (Intuit) consider offering a (desktop) tax-calculation product which fully indemnifies your customers in their own tax jurisdictions (i.e. not US only) against:
as well as
Finding a way of doing both in a customer-friendly manner, i.e. without a legal agreement riddled with lawyerly exclusions, limitations, restrictions and slow, bureaucratic, offputting claims procedures, would be a major incentive for people like me to buy and use your software.
Prices have majorly changed from last year, for the 2 main tax program. Theses prices are normal "Deluxe version" retail prices. If you have simple tax needs check for thier web based ones which for some will be free.
Taxcut increased $10, no across the board rebates. Includes a single state for free no need to mail in rebate. Includes a single e-file rebate.
TurboTax increased by $20 and dropped the previous almost across the board rebate. Includes a single state for free no need to mail in rebate. Does NOT include a rebate for e-file.
TaxAct. With deluxe version does not come with a state but for $7 you get the special bundle which includes a single state. Still $10 cheaper then retail Taxcut which is significaly cheaper then turbotax. Includes a single e-file no need to send in rebate; you can purchase upto 4 more per packge for $7.95 each.
I am planning to give taxact a try this year after using taxcut for 3+ years. at $12.95 + shipping it is cheap enough to just give it a try.
OK, if you're not willing to provide an Open Source version, or even binaries that will run on Linux, why not at least TRY to see if your product(s) work under WINE.
Granted, WINE isn't quite mature yet, but if you'd be willing to at least try it,
have your software engineers figure out where the rough edges between TurboTax and
WINE are, file bug reports on WINE that would be helpful, then perhaps you would have a new market for an existing product. There are a LOT of read-only folks here on Slashdot who would probably be impressed if you even TRIED.
I, for one, would be delighted to buy TurboTax if I *knew* a priori that the
vendor had tested it and said it works under WINE (version or higher). Right
now, I'm gritting my teeth because I have a couple of programs that use InstallShield and they fall flat on their faces when I try to crank them up under WINE. No, I don't have access to a Windows box. I have my distribution kits for W98SE and WNT V4.0, but nothing that supports my newer hardware. I am very reluctant to expose my personal tax information to the WWW, thank you.
BTW, once your software engineers get their feet wet doing trying WINE, it's likely that they might be able to find ways to re-use some of your existing code and interface that to Mac OSX and Linux.
Thanks for listening, though - it's nice to see a major Windows application vendor stop by and at least pay attention to us in some fashion!
Ever thought of just dropping in a simple survey in every box? ....
Want a bigger return, make it a postage paid post card or a notice with a URL to the survey. Given the number of other pieces of paper that come with the disk, how hard could that be
Additionally, we include a link from each page (or Interview screen) within TurboTax (see Get Answers / Send Us Feedback on the left side of the screen) that enables customers to provide us feedback in real time. We use this feedback to help us prioritize product initiatives.
I hope this information helps.
Bob Meighan
VP, TurboTax
How indeed. It isn't really flamebait. It just is because too many moderators don't know the meaning of the word.