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Intuit Charges More For Previously Offered TurboTax Features, Users Livid

An anonymous reader writes: For years, the Deluxe edition of TurboTax was enough for investors and the self-employed to do their taxes. With this year's edition, Intuit removed Schedules C, D, and E, covering self-employment, investment income and asset depreciation. Those features now require an extra charge of $40. The company is getting murdered on Amazon reviews for it, with 900 users giving the software a 1-star rating.

450 comments

  1. Just hire a CPA by Ark42 · · Score: 4, Insightful

    If you're self-employed, have investment income, or asset depreciation, you probably already do your taxes with a real CPA. If you aren't, you probably should.

    1. Re:Just hire a CPA by Mr+D+from+63 · · Score: 5, Funny

      If you're self-employed, have investment income, or asset depreciation, you probably already do your taxes with a real CPA. If you aren't, you probably should.

      Sounds like something a CPA might say.

    2. Re:Just hire a CPA by gatfirls · · Score: 1, Insightful

      ...or if 40$ hurts that bad maybe reconsider your self employment and/or investments.

    3. Re:Just hire a CPA by Frobnicator · · Score: 4, Informative

      If you're self-employed, have investment income, or asset depreciation, you probably already do your taxes with a real CPA. If you aren't, you probably should.

      Not necessarily. If you've already got your home and other items paid for, you can be self employed and live off a fairly meager self-employed income. Or alternatively, if you have a lot of investments you can survive quite well with no direct income. Just because you have some wealth or are self employed does not mean you have a lot of discretionary funds, nor that you want to spend those funds on a tax professional.

      A quick search of Google for tax prep costs for an 1040 with an itemized schedule A, plus Schedule C, Schedule D, and Schedule SE (which are the ones I personally file for my own home business), plus the similar state tax forms, have a starting cost around $400.

      The big tie-in for Intuit is if you use their accounting software (Quicken for individuals, QuickBooks for small business and personal mixed funds) and properly mark your transactions then TurboTax will automatically do all the hard parts of the taxes for you, almost zero data entry was required. It would automatically itemize everything based on all the details you enter for every transaction over the year. You end up paying about $150 per year in software, but it makes accounting a little bit easier.

      They could have done this with much less backlash with a little bit of additional communication. Maybe announce two years in advance that the prices will be going up, making it visible as part of the annoying ads they have built into both products in recent years. It is still cheaper than hiring someone to do it, but it is an unexpected cost they didn't mention until the last minute.

      --
      //TODO: Think of witty sig statement
    4. Re:Just hire a CPA by Anonymous Coward · · Score: 2

      $40, plus the time to interview accounts, plus a couple of drives to the accountant, plus the security risk of yet someone else (who is a target) having your banking and investment information, add in that the time to do all of that is probably billable time that you lost, since your accountant also works days.

      Now consider the full time college student who's got a few contract jobs and a few grand in investments. Boom, there goes all of the investment income and quite a bit of work. Fuck you for not being the standard wage slave.

    5. Re:Just hire a CPA by AuMatar · · Score: 5, Insightful

      If they had just said "Hey we're raising prices" rather than hiding the price increase by removing features and making you pay extra for them, they'd probably have come out ok- a bit of a hit from the higher prices, but not too much. The dishonesty of this is what's killing them.

      --
      I still have more fans than freaks. WTF is wrong with you people?
    6. Re:Just hire a CPA by Shakrai · · Score: 5, Funny

      Only a retard does there own taxes. There is a reason you don't do them even if your technically competent to do them. If your competent to do them then you shouldn't have a problem being able to afford to have a CPA take care of them.

      I'm guessing you do your own taxes? ;)

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
    7. Re:Just hire a CPA by TechyImmigrant · · Score: 1

      If you're self-employed, have investment income, or asset depreciation, you probably already do your taxes with a real CPA. If you aren't, you probably should.

      Why? It's not hard. Depreciation is just that. Investment income is easily handled with the standard reporting.

      Employment is hard. We pay a CPA to do the stuff for our 2 part time employees. But the taxes I just drop into Turbotax.

      --
      I should use this sig to advertise my book ISBN-13 : 978-1501515132.
    8. Re:Just hire a CPA by Charliemopps · · Score: 4, Insightful

      ...or if 40$ hurts that bad maybe reconsider your self employment and/or investments.

      The point is, they aren't offering anything for that $40. It's the same thing as last year, but twice the price. And there are a dozen other products out there that don't charge that much. In fact, many are free and simply charge for state filing.

    9. Re:Just hire a CPA by K.+S.+Kyosuke · · Score: 4, Interesting

      Considering that this is one of those things that are virtually perfect for computer automation, how do you know that "real CPAs" won't actually be computers in ten to twenty years?

      --
      Ezekiel 23:20
    10. Re:Just hire a CPA by NicBenjamin · · Score: 2

      "Self-employed" in IRS-speak covers a whole fucking lot of people. If you get paid more then $400 from somebody who doesn't withhold Social Security and Medicare you're self-employed.

      You are required to file a Schedule C or Schedule C-EZ with a 1040A. You can;t use the simpler (and, at tax places that charge by the form, cheaper) 1040A or 1040EZ.

      I do taxes in a fairly poor neighborhood. Per capita income is in the $20k range. And I get a lot of people who have a side-gig that doesn't do withholding. If they only make $350 I can avoid the Schedule C by reporting it as "Other Income" on line 21 of a 1040, but I cant get that onto a 1040A or an EZ.

    11. Re:Just hire a CPA by rtb61 · · Score: 1

      You know I often thought that if you did all your transaction via one bank, that bank should throw in tax returns as part of it services. They already have a record of all your transactions, they can pretty much automatically categorise them based upon their nature and only very little review would be required to finalise them. They could even provide that small amount of additional software as part of their fiscal year services.

      When it comes to private companies ramping charges for exactly the same thing but greed now defines it as something new because of, oh yeah, data lock it. This is something corporations just normally do, it's all about unlimited profits and screw the customer, which is why 'REGULATIONS'.

      --
      Chaos - everything, everywhere, everywhen
    12. Re:Just hire a CPA by Anonymous Coward · · Score: 1

      Meanwhile in our small European socialist bureaucratic hell-hole I'll receive a simplified three-page pre-filled tax form, glance at it and say "yeah, that's about right", and file it away in my drawer.
      It will get automatically filed as-is if I don't log in and correct the numbers on a convenient, if a bit slow, web page.

    13. Re:Just hire a CPA by NicBenjamin · · Score: 2

      If you're self-employed, have investment income, or asset depreciation, you probably already do your taxes with a real CPA. If you aren't, you probably should.

      Why? It's not hard. Depreciation is just that. Investment income is easily handled with the standard reporting.

      Employment is hard. We pay a CPA to do the stuff for our 2 part time employees. But the taxes I just drop into Turbotax.

      Depreciation may not be hard for you.

      For damn near everyone else, including lots of people who think taxes are easy, remembering which category every-damn-thing falls into is virtually impossible. Remembering that MACRS replaced ACRS in '86, which means that a rental house that's been rented out sine 1984 could be on a 15, 35, or 45-year table (depending on what the taxpayer chose back then), etc. is just a fucking nightmare. Especially for personal vehicles used for business use. Sometimes you can deduct depreciation, other times your business use fell below 50% so you have to pay your old depreciation back and flip over to a completely new method (straight-line, IIRC).

      I strongly suspect you think it's easy because your software is doing all the actual work, and all you had to do was tell it a) what you paid, and b) what kind of thing it was.

    14. Re:Just hire a CPA by Shakrai · · Score: 1

      Considering that this is one of those things that are virtually perfect for computer automation

      You would think that but I've personally seen Turbotax screw up my taxes in years where I had a somewhat but not really complicated (by American standards) tax return. I can't speak for the rest of the World but in the United States your taxes are not a simple matter of mathematics. There's a logic flow involved, "Is X true? Proceed to Y." and at the end of the day if you can read the instructions you can do a better job of following the logic flow than Turbotax's programmers. It's my opinion that Turbotax is useless for anything more than 1040-EZ and if your taxes are so simplistic that you can file 1040-EZ why the hell would you pay someone else to do them for you?!

      The year that Turbotax screwed up my return to the tune of $2,800 was the year that I stopped using it and started doing my taxes the "hard" way. It's not all that difficult, the hardest part is collecting the relevant information for your return and if you're enough of a geek to be reading Slashdot I assume you're enough of a geek to use some sort of financial management software. Moneydance is my personal favorite but even a well kept spreadsheet would work in a pinch. Once you have the data is simply a matter of knowing which form to file and going through it line by line. My Federal taxes take no more than two hours, my New York State taxes about three. The former can be electronically filed through Free Fillable Forms, the latter has to be done by mail, unfortunately, but most States are ahead of NYS here and provide an e-filing option for people who roll their own taxes.

      Even if you outsource your taxes you're still on the hook for any errors or omissions, so what's the benefit to paying someone else to do them for you? Do them yourself, you'll save some money, learn a little bit about our tax system (and the absurdities therein) and be ultimately responsible for your own actions rather than trusting some other idiot's software to do the job for you. Of course, Americans aren't the sharpest knives in the drawer when it comes to taxes; how many people do you know that live paycheck-to-paycheck all year but get four digit refunds? A $2,000 refund is $38.46 per week that you could have had in your pocket if had bothered to fill out your W-4 properly.

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
    15. Re:Just hire a CPA by machineghost · · Score: 1

      "The dishonesty of this is what's killing them."

      On Slashdot, but Slashdot users are what, 0.001% of their customers? Then there's the fraction of people who decide their tax preparation software purchases based on Amazon.com reviews. That leaves PLENTY of other customers who might have balked at a price increase, but who will now happily go pay $40 ... and then realize they need an upgrade and pay $40 more. They won't be happy about it, but they're probably not going to switch tax preparation software in the middle of the process. And then they'll use the TurboTax again next year, because it already has their info ...

      This whole Amazon low ratings thing is great, but from a cold calculating corporate standpoint TurboTax will still (sadly) make more money going this route than being honest and raising prices.

    16. Re:Just hire a CPA by Shakrai · · Score: 1

      If they only make $350 I can avoid the Schedule C by reporting it as "Other Income" on line 21 of a 1040, but I cant get that onto a 1040A or an EZ.

      If they only make $350 in the side-gig why the hell would you report it? For one it was probably handled in cash, which means the IRS is clueless about it. Additionally, one of the few useful lessons I learned from a professional tax preparer was that the IRS doesn't audit people seeking to recover amounts that are worth less than the audit itself costs the IRS. Nobody ever got audited over $350 in undeclared income.

      At least sweep <1099 amounts ($600) under the rug for heaven's sake....

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
    17. Re:Just hire a CPA by machineghost · · Score: 3, Funny

      Damn you socialist bureaucratic hellspawn and your vastly superior tax system!

      Seriously though, how many nuclear weapons and/or wildly over-priced military aircraft can your silly little country pay for with that easy to use tax system?

      That's what I thought!

    18. Re:Just hire a CPA by kamapuaa · · Score: 1

      I've been self-employed (and now my wife is), I have investment income, and doing taxes myself takes me maybe an hour or two, once a year. It would be silly to get outside help for that.

      If I was in a truly difficult tax situation, sure. But especially Schedule D, what the heck? I imagine it's a very common form, and it's trivial to do oneself.

      --
      Slashdot: providing anti-social weirdos a soapbox, since 1997.
    19. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      plus the time to interview accounts, plus a couple of drives to the accountant, plus the security risk of yet someone else (who is a target) having your banking and investment information, add in that the time to do all of that is probably billable time that you lost, since your accountant also works days.

      Because for some reason, you would not need to do all of those things if Intuit hadn't made this change?

      I'm sorry, but it really is just $40.

    20. Re:Just hire a CPA by lgw · · Score: 4, Insightful

      My "real CPA" does just type all my info into his (better) program, then file my taxes and charge me $500. Easily worth it: he can drag me through the whole process in 1 hour, including exceptions. "Oh, Fidelity screwed up your basis for these positions, as they have with all my clients, here let me add the form where I amend that so you don't get charged twice". No stress, 5 minutes, fixed. He adds a ton of value to what he tax program does by understanding context.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    21. Re:Just hire a CPA by jaymz666 · · Score: 2

      It's release day DLC that adds in features expected at the base price.

    22. Re:Just hire a CPA by jaymz666 · · Score: 1

      The last time I went to a tax preparer that's basically what they did, they entered the numbers into their own system and charged me lotsa money

    23. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      It's the same thing as last year, but twice the price.

      Gas this week is the same as gas last week, but I still have to pay more for it. Because costs change over time.

      If you would like to argue that this is an over-the-top increase in price, go right ahead. But as it is now, it sounds like you are arguing that no one should ever be allowed to increase the prices of their products. Ever.

    24. Re:Just hire a CPA by wiredlogic · · Score: 1

      Or you can take control of your life, download the PDFs, fill them out and mail in your return for the cost of a stamp or two. You know, like people did before the tax preparation industry blossomed and everybody became innumerate without the crutch of a computer.

      --
      I am becoming gerund, destroyer of verbs.
    25. Re: Just hire a CPA by fuzzyfuzzyfungus · · Score: 1

      Dunno what kind of 'average' you come from; but the average American is a fair way from reporting jack when it comes to any income aside from wages.

    26. Re:Just hire a CPA by DerekLyons · · Score: 1

      Considering that this is one of those things that are virtually perfect for computer automation, how do you know that "real CPAs" won't actually be computers in ten to twenty years?

      "Real CPA's" already use computers and programs not so different from TurboTax. The difference is that a "Real CPA" is liable for his mistakes and will stand beside you during an audit (he signs the tax return and is required to do so by law) - Intuit is not liable and will just laugh and say "sucker!".

    27. Re:Just hire a CPA by K.+S.+Kyosuke · · Score: 1

      Well, the idea was that computer agents are improving in their capabilities, so the potential for people to do "extra magic" is eroding. If it's about using pieces of knowledge, computers can do that repeatedly just fine, and it takes only one human (or at most a few of them) to notice that such knowledge should be present in the system and to make sure that it is indeed present there. I have no idea what technology is being used to create contemporary tax software but I wouldn't hold my breath for extensive AI.

      --
      Ezekiel 23:20
    28. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Such bullshit. I'm assuming you actually mean go to a tax prep place, since most people don't even know what a CPA is. 99% of tax payers do not use a CPA. Frankly, taxes just aren't that hard with any of the 100's of free tax prep software out there.

      Or you can just steal TurboTax. It's super easy and comes with a free eFile!

    29. Re: Just hire a CPA by fuzzyfuzzyfungus · · Score: 3, Insightful

      And it might well be; but it was Untuit, among others, who helped save. Us from the crushing fascism of having the IRS provide us with the estimate of what whe owe(which they obviously calculate anyway in order to look for discrepancies.) Hire your own independent person if your position suits it; but it is absurd, (and directly a side effect of lobbying by people who ought to be lined up and shot, in the gut, and allowed to die slowly) how little the IRS can simplify even the most prosaic of tax returns without a private middleman taking their pound of flesh.

    30. Re:Just hire a CPA by NicBenjamin · · Score: 4, Insightful

      Have you ever heard of ethics?

      It's kind of important in the tax prep field. I do not file returns I know are wrong. Period. I've filed returns that I'm pretty sure we're seriously bending the rules, but if a client hands me a piece of paper that legally required to be on a tax return he'll just have to live with me putting it on the damn tax return.

      This exact scenario actually happened to me. Guy got out of prison, worked a couple days as a groundskeeper, and got a better job. So he had just under $400 on a 1099-MISC. Since it was on a 1099-MISC it was definitely reported to the IRS.

      If I hadn't reported it, it probably wouldn't have resulted an audit. But that's because they don't bother with audits when they know they're right. What they do is program their computer to send you a letter (starting with a CP-2000) saying they think the return is wrong. Since he can't show them he didn't get paid for those two days a few months later he'd get a CP-22 informing him it was time to pay up. Now they wouldn't send the cops after him, but his next year's tax return would be reduced by whatever number was on the CP-22 plus interest.

      Which would mean that, from his point of view, he paid me to do a simple thing right, and not only did I do that one thing wrong I got him in trouble with the law again.

    31. Re: Just hire a CPA by fuzzyfuzzyfungus · · Score: 1

      Thank god for the free market, no?

    32. Re:Just hire a CPA by Shakrai · · Score: 0

      Have you ever heard of ethics?

      Have you ever heard of fiduciary duty? Are you working for the IRS or your clients?

      So he had just under $400 on a 1099-MISC. Since it was on a 1099-MISC it was definitely reported to the IRS.

      That's obviously reportable. On the other hand, reporting "just under $400" in income that didn't come with a 1099 is pure stupidity. If I tell you I got $500 fixing someone's computer are you seriously going to tell me that needs to be reported as income? C'mon.....

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
    33. Re:Just hire a CPA by jedidiah · · Score: 1

      ...except this isn't about Slashdot users.

      You admit this yourself by referring to Amazon.

      They are p*ssing off "normal" people with this. That's hardly surprising. They gutted the standard edition of the program that everyone's used to.

      --
      A Pirate and a Puritan look the same on a balance sheet.
    34. Re: Just hire a CPA by the_B0fh · · Score: 1

      Man, you really needed the sarcasm font...

    35. Re:Just hire a CPA by CanadianMacFan · · Score: 1

      I hired an accountant for the first year to set up my books and do my taxes. From then on I've done everything myself.

    36. Re:Just hire a CPA by mjwx · · Score: 2

      Considering that this is one of those things that are virtually perfect for computer automation, how do you know that "real CPAs" won't actually be computers in ten to twenty years?

      Not really. CPA's are protecting themselves by creating more obscure and obtuse tax rules.

      --
      Calling someone a "hater" only means you can not rationally rebut their argument.
    37. Re:Just hire a CPA by ColdWetDog · · Score: 1

      I imagine all professional CPAs use some sort of professional CPA program. The value is in the overall issues that the program doesn't understand. Despite TT's underlying complexity and the fact that thousands of hours of research have gone into the program, it can't tell you the annoying little details of many of the forms - the exceptions, the gotchas.

      I quit doing my own taxes several years ago after the IRS came back and asked for $65,000 in back taxes because of some presumed investments that one of my wife's Mutual Funds had screwed up. The accountant took about 15 minutes, found that I had put one number in the wrong place and that the Mutual Fund AND the IRS had put a bunch of numbers in the wrong place - I ended up with a thousand dollar refund.

      My taxes are moderately complex - a couple with W2's, 1099's, Schedule C's and some investment income. The entire tax code is batshit insane (like the rest of the country) but I can't do anything about that. I don't pretend I'm a lawyer, an accountant or a pilot. I'll mess with a lot of things, but not my money or my life.

      --
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    38. Re:Just hire a CPA by ShanghaiBill · · Score: 1

      And there are a dozen other products out there that don't charge that much.

      Those other products don't auto-import from Quickbooks. They also don't auto-import depreciation tables, and carryovers from last year's return. It would take me a lot of time, worth way more $40, to re-enter all that data. So I am locked in.

    39. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      They pretty much are computers with "real CPA" assistance already.

    40. Re: Just hire a CPA by Anonymous Coward · · Score: 0

      Must say I disagree with that. Much as I dislike Intuit's treatment of its customers, I've been using TurboTax Premiere for four years now, to handle my businesses (I have rental properties, asset depreciation and investments) and it does a great job. It's certainly worth having access to a CPA, a financial planner and even a decent tax attorney to help create strategies, there's very little else you can do to more deeply understand your business finances than by dong your own taxes.

    41. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Only a retard hires a CPA for such a simple task. Plus do you know the difference between "there" and "their" or "your" or you're"
      No?? Must be a CPA. Sure wouldn't trust you to do MY taxes!!

    42. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Retard? Their vs. there. You're vs. your. I hope "you're" not preparing "your" own tax return!

    43. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      If I tell you I got $500 fixing someone's computer are you seriously going to tell me that needs to be reported as income? C'mon.....

      Considering CPAs and some tax services can be financially liable for mistakes made on their end...

    44. Re:Just hire a CPA by bill_mcgonigle · · Score: 1

      If you're self-employed, have investment income, or asset depreciation, you probably already do your taxes with a real CPA. If you aren't, you probably should.

      This is bad advice for typical small businesses. I once paid a CPA $1200 only to find that he missed all sorts of deductions that Turbotax found.

      Hire a pro when it goes beyond the scope of what a computer program can do and hire a computer program when exhaustive rote is called for.

      --
      My God, it's Full of Source!
      OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
    45. Re:Just hire a CPA by cdrudge · · Score: 1

      If they only make $350 in the side-gig why the hell would you report it?

      Because some people are honest. Because while you may not report it, it may show up on someone else's taxes as a deduction/business expense. Because some people do many sub-$350 side jobs. Because some people don't want to take the risk if/when they do get audited that $350 makes a difference.

      If a professional tax preparer told clients that if it's sub-$600 to just sweep it under the rug, I'd find a new professional tax preparer.

    46. Re:Just hire a CPA by NicBenjamin · · Score: 1

      Two points:

      1) Fiduciary duty in tax prep means filing the most advantageous legal return possible. If somebody hands me a 1099-MISC, then a return that does not include that is illegal. Period. They can go to some other tax office, refuse to hand over the form, and we'll all be happier that way.

      2) I've never had a client who admitted making $350 and didn't get some paperwork. If you're being paid under the table you're being paid under the table, and you ain't gonna tell your tax guy about it.

    47. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      It's my opinion that Turbotax is useless for anything more than 1040-EZ and if your taxes are so simplistic that you can file 1040-EZ why the hell would you pay someone else to do them for you?!

      Turbotax used to (might still be) free for 1040-EZ and gave you eFile. Once upon a time, there was a lot less competition and it was harder to find free eFile (there were other options, but they sucked worse than TurboTax). Inertia means that a lot of people kept using it, until something went wrong or their tax situation got too complicated, and then it comes down to laziness.

    48. Re:Just hire a CPA by sexconker · · Score: 1

      And there are a dozen other products out there that don't charge that much.

      Those other products don't auto-import from Quickbooks. They also don't auto-import depreciation tables, and carryovers from last year's return. It would take me a lot of time, worth way more $40, to re-enter all that data. So I am locked in.

      It wouldn't take a lot of time. Unless you don't know how to use Quickbooks, Excel, or CTRL+C/CTRL+V, I guess.
      Beyond that, it's not $40. It's $40 now, and at least $40 every year henceforth.

    49. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Only a retard hires a CPA. You have to get your books in order, gains/losses on all your investments, business miles driven, etc, anyway. For me that's 95% of the work for doing my taxes. Why would I pay close to $1000 for a CPA to do the remaining 5%?

    50. Re:Just hire a CPA by serbanp · · Score: 1

      Although I smell sarcasm in your reply (mostly based on the use of "over-priced" wording), the classic joke http://en.wikipedia.org/wiki/A... is very appropriate.

    51. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Considering that this is one of those things that are virtually perfect for computer automation, how do you know that "real CPAs" won't actually be computers in ten to twenty years? Not really. CPA's are protecting themselves by creating more obscure and obtuse tax rules.

      Not really. CPA's are protecting themselves by creating more obscure and obtuse tax rules.

      Unfortunately, so is Intuit, who also spends millions lobbying to ensure the tax code remains complicated.

      If I were God, I'd pass a Constitutional amendment to make the fucking Congressmen do their own motherfucking taxes with nothing but a pencil, a four-function calculator, and no computers.

    52. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      ...or if 40$ hurts that bad maybe reconsider your self employment and/or investments.

      The point is, they aren't offering anything for that $40. It's the same thing as last year, but twice the price. And there are a dozen other products out there that don't charge that much. In fact, many are free and simply charge for state filing.

      If the product costs more than you're willing to pay and there is competition, then move away.

      I'm not familiar with the software in question, but putting myself in the shoes of the developers, if the customer segment they were providing a free version for isn't sustainable for them, for whatever reason, then charging a fee is a completely reasonable action IMHO.

    53. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      If your net worth is > $100,000 (including home equity); CPA, no; Certified Financial Planner, yes.

      Most run of the mill CPA's are pretty much like the H&R Block guy you'll see at Sears this time of year. They take your data and input it into tax software (like TurboTax!), and ask you some very basic questions. This is in fact not much better than just using TurboTax yourself.

      A Certified Financial Planner will have CPA's at their firm who will do that for you, but will also look at your return every year, ask for information on your assets and liabilities, ask you questions about life goals (kids to college? retirement?), and have a phone call or face to face meeting with you. It will in fact cost more than the CPA. But what they will do is try and find ways you're not taking advantage of tax breaks you could.

      For instance, your CPA notices you have a $20,000 car loan at 4.99%, and a house with $300,000 in equity. He's going to tell you to take out a 3.25% HELOC line on your house, pay off the car note, and then enjoy both a lower interest rate _and_ tax deductible interest since it's now a home loan. That's just one of a million examples they might find.

      The trick is to make sure your Certified Financial Planner works for a firm that DOES NOT sell securities. If they do, you won't get impartial advice. People get sucked in to ones that sell securities because their fees to give you advice are cheaper (since they make it up on securities). Pay for the "expensive" CFP up front and get one that is truly independent and working for you.

      I've directed a lot of folks to do this. Many choke at the ~$500 cost to "do their taxes". Typically by the time the next year comes around, and they have implemented some of the advice they come back and thank me, that the $500 guy saved them $2000 in taxes. To be clear, they can't help people with really simple situations as there is nothing to do. If you're W2 only, have a net worth

    54. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      I think you missed his point. Those people giving poor reviews already bought the product, probably bought the $40 add-on because they were already partway through the process, and most likely will purchase it again next year. If that's true for more than half the user base, Intuit comes out ahead.

    55. Re:Just hire a CPA by anagama · · Score: 1

      An accountant is legally bound to believe a return is true. Only an idiot accountant would file something he/she knows is false. If the client insisted, the accountant would basically have to say, "find another accountant." The client, if he really wanted to file a false return, would then make sure the subsequent accountant was kept in the dark about the true facts.

      --
      What changed under Obama? Nothing Good
    56. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      There is a reason you don't do them even if your technically competent to do them.

      so... it's a secret then? What would the reason be to give some accountant several hundred dollars to type the numbers I give him?

      Maybe your account offers some special non-financial services you would normally order discreetly?

    57. Re:Just hire a CPA by sglewis100 · · Score: 1

      If you're self-employed, have investment income, or asset depreciation, you probably already do your taxes with a real CPA. If you aren't, you probably should.

      So one year, less than 10% of my income came from some 1099 consulting I did as a favor for a friend, who asked me to build out a server room for his company that was moving. That same year, although 99% of my investments are in 401(k), 529 plans for my kids, etc, I dropped $500 on Sirius or XM (I forget which one, it was before the merger). No real reason, except the stock was under a buck and in danger of being delisted, and I said "no way does a company with billions in satellites either find a way to survive or get bought out", and low and behold, I made a ton of money, and sold it, not really expecting it to be a long term holding.

      So yeah, I neither used nor needed a CPA. But I needed some of those schedules.

    58. Re:Just hire a CPA by AJWM · · Score: 1

      Most run of the mill CPA's are pretty much like the H&R Block guy you'll see at Sears this time of year. They take your data and input it into tax software (like TurboTax!), and ask you some very basic questions.

      Well no, I'm pretty sure the H&R Block guys are using H&R Block software ... which is available retail and which I switched to years ago. (TurboTax dropped support for whatever OS version I was still running at the time. Win2K I think, on a PC I only ever booted up at tax time.) Never looked back.

      --
      -- Alastair
    59. Re:Just hire a CPA by sphealey · · Score: 1

      What is that "better" program? Probably the professional version of TaxAct. Hard to think that there is any software developer more into the details of the tax code than the ones that build the software that does 10s of millions of returns, namely TurboTax and TaxAct.

    60. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      And there are a dozen other products out there that don't charge that much.

      Those other products don't auto-import from Quickbooks. They also don't auto-import depreciation tables, and carryovers from last year's return. It would take me a lot of time, worth way more $40, to re-enter all that data. So I am locked in.

      No you are not. HR Block's program will extract from Quickenbooks, as would I bet TaxAct.

    61. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      You have too much trust in CPAs. They may just input whatever data into "professional" and "much better" software version that tends oversimplify things and just fail on more obscure rarely used forms. You need to get into legal interpretations if your taxes are really complicated, and this is beyond what most CPAs can do, they are not tax lawyers.
      I would better do my reading myself. OLT was doing basic calculations just fine for me last year for just $8 or so. Except maybe few more obscure forms, but typical bells-and-whistles tax software with oversimplified questions would not be able to do such forms at all.

    62. Re:Just hire a CPA by Darinbob · · Score: 4, Insightful

      If you get even one number wrong or leave off something, you get an ominous letter from the IRS and you have to correct your form. So if the feds already know all this information, they should just send us a completed tax form for us to either agree with or amend it with deductions. Most of the stuff on the form has already been reported to the IRS; exceptions would be self employment, foreign income, tips, etc.

    63. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Why should I? I earned just under $200k this previous year, but taxes are hardly "seriously complex".

      Well, maybe it's a good idea if you are self employed. You want to be on the up and up there and there is a whole other world of tax law involved. But almost everyone in the tech field has investment income and that is pretty much a no-brainer to deal with. Especially with modern tax software that just walks you through the bullshit.

    64. Re:Just hire a CPA by Darinbob · · Score: 1

      He probably hires someone to spell for him. Time is money, so spending that time checking the spelling means money lost!

      But the smart part of me does the taxes. The dumb part who is also lazy says "maybe I should pay $250 to a professional in case he can save me an extra $25".

    65. Re: Just hire a CPA by Anonymous Coward · · Score: 0

      I'm locked in too, but fuck TurtleTax. I'm taking my business elsewhere because I don't like being on the receiving end of anal sex.

    66. Re:Just hire a CPA by Darinbob · · Score: 1

      They do import carryovers from last years returns!

      Now maybe someone thinks it is worth the money so that they can sit on the couch and watch the Kardashians rather than looking up some numbers, but I'd rather spend that $40 on something nice.

    67. Re:Just hire a CPA by Darinbob · · Score: 1

      Their are a couple features that people want with TurboTax Deluxe: e-file and the interview forms rather than bare forms. So the official Intuit response that you can still fill in the bare forms manually, which won't be accepted by e-file, defeats much of the purpose. Doesn't the TurboTax Basic version also give you all of the bare forms?

    68. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Why not $140, then? Or $400?

    69. Re:Just hire a CPA by Darinbob · · Score: 1

      I've had friends tell me that their CPA gives them software that they have to fill in first. So the CPA isnt doing much at all.

      Bur for $500. Yowza, that hurts. Some years there are no sticky bits that happen. When I do get sticky bits then I can sort them out, it just takes time and I'd rather spend my time than $500. The one time the IRA rollover checked the wrong box was a bit scary but I called up the IRS and they just said fill in the tax form with the right box checked instead, so that was actually easy.

      A lot of what TurboTax and other software programs do is provide you a lot of the context and not the bare unintelligible forms.

      I agree though, if you've got something more complicated than the average wage slave then yes it may be worth it. But what do I have: mortgage which is easy, W2 which is easy, simple interest and dividends and gains which are harder but easily handled by the software and the bank provides all the numbers for importing, and charitable deductions. I don't do individual trades of any sort, no self employment, no rentals, single income, etc. Much of the time filling in the taxes is done by clicking "no" or "skip this section".

    70. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      If by "damn near everyone else" you mean "people who run their own business," yes, business taxes are hard. Sorry, that's life. You want to play with the big boys you gotta play by the rules.

      For people with income only from wages and/or investments in stocks, bonds and mutual funds (which in actual fact is "damn near everyone"), any idiot can do their own taxes for free with a pencil.

    71. Re:Just hire a CPA by Darinbob · · Score: 1

      I had a similar problem where I failed to import a whole account worth of investments. Scary letter arrives, I panic, then reread it more slowly, then start dragging out all the paperwork I've ever had (ie, old mutual funds that changed names 3 times over the years), try to figure it all out, etc. Then I found that the numbers I needed (the basis) were actually included far back in the appendix of the forms I got. Fixed it all up and resubmitted.

      So after all that panic, I still had TurboTax do my taxes. I still have simple taxes. I don't want to mess with my money, which also includes spending a lot of money for something I can do myself feels like a waste.

      So, a thousand dollar refund they caught. So what about all the fees you spent over the years before they caught that? Meanwhile tax software can find problems like that as well, especially if you double check the numbers as you enter them or after importing them to make sure they made sense and that you didn't miss anything.

    72. Re:Just hire a CPA by Darinbob · · Score: 1

      How do people making $20K afford someone to do their taxes?

    73. Re:Just hire a CPA by Anonymous Coward · · Score: 1

      If they only make $350 I can avoid the Schedule C by reporting it as "Other Income" on line 21 of a 1040, but I cant get that onto a 1040A or an EZ.

      If they only make $350 in the side-gig why the hell would you report it? For one it was probably handled in cash, which means the IRS is clueless about it. Additionally, one of the few useful lessons I learned from a professional tax preparer was that the IRS doesn't audit people seeking to recover amounts that are worth less than the audit itself costs the IRS. Nobody ever got audited over $350 in undeclared income.

      At least sweep <1099 amounts ($600) under the rug for heaven's sake....

      You ask "Why the hell would you report it?"
      You will be astonished at what I'm about to tell you.
      There are many people who are not liars.
      There are many people who don't like paying taxes, but nonetheless they fill out the forms honestly and pay what they owe.
      Almost everyone I know is like this.

      I do know some who are not honest. Well, there's one person that I can think of. Not everyone discusses their tax problems openly.
      The strange thing (to me, at least) is that the liars and cheats seem to understand that they are liars and cheats and are proud of it.

    74. Re:Just hire a CPA by dcollins · · Score: 1

      Please. We have all of those things in our household, and every time we ever interview a CPA they only thing they can do is (a) remind us to put receipts in a folder, (b) type the info into probably the same software, and (c) boil us with a multi-hundred dollar charge. I let that happen to me once at H&R Block and vowed never again.

      My partner has interviewed other CPAs, and when we ask how they can improve our process and they say, "remember to put your receipts all in a folder", we roll our eyes and thank them for their time.

      --
      We know where leadership by an anti-intellectual "strongman" who scapegoats minorities and likes boisterous rallies goes
    75. Re:Just hire a CPA by sjames · · Score: 1

      Except now that Amazon is filling up with 1 star reviews and people calling out the issue, those people will go elsewhere. And the ones who got caught out will remember what they DON'T want to use next year.

    76. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      You'd be surprised. I did support for TTax two years ago, and most people using it for Sch C are AMT or for a side business they loose money at. Honestly it's not a terribly hard thing to do through it if you keep track of finances properly, and the amount of people doing it in Deluxe and even the Basic versions instead of the home and business was worrysome.
      I would always push a free upgrade when they would accept it because if you're doing it in the interview mode you've got almost no options and if you're using the desktop versions and doing forms mode, why not just do it on paper.

    77. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      He's right BTW. It's the same reason smart wealthy people don't drive their own cars.

    78. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Those other products don't auto-import from Quickbooks. They also don't auto-import depreciation tables, and carryovers from last year's return.

      According to many of the 1-star Amazon reviews, H&R Block's software does import depreciation and handle carry-overs. It doesn't do Quickbooks, though.

    79. Re:Just hire a CPA by PrimaryConsult · · Score: 1

      Some state governments will provide free tax preparation if you are making below a certain amount. New York's program.

    80. Re:Just hire a CPA by theArtificial · · Score: 1

      I imagine all professional CPAs use some sort of professional CPA program.

      There are many things that are farmed out as well, take tax credits. In a nutshell Businesses may be applicable for these if they hire employees from certain areas for example. Traditionally this might be handled in-house, or farmed out to an accountant/firm, who then might farm it out again to a firm that specializes in these things, who again farm it out to cheap data processing labor. It's quite a rabbit hole, imagine insurance companies! A project our company developed generated and processed these tax credits in batches in seconds. The system needed to be accurate an used shape files to define areas and performed multiple look ups using different maps for fail overs. This process illustrated some awesome exceptions with resolving addresses. The entire tax credit industry exists because of lobbying and ultimately the product wasn't marketed.

      --
      Man blir trött av att gå och göra ingenting.
    81. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      As a CPA and Avid-Slashdot reader, allow me to offer this thought. Many folks can certainly use software and do a great job. However, the cost of an average tax return is about $250-350 (YMMV). While higher than turbo tax, if you filing a schedule C, I highly recommend a CPA prepare your taxes. There is judgement involved and that judgement can cost a taxpayer literally thousands in taxable income (on a seemingly simple tax return). Further, in some cases, a tax liability can be avoided through careful financial planning which most CPAs offer as a part of the service. Its more than just a tax return, basically. Also, consider if you have to defend your return to the IRS, its a little hard to bring the software to talk to the IRS. Your accountant will step in address issues should the arise. Finally, your CPA isn't just using turbo tax, we use highly specialized tax software that costs in the thousands each year and even then each circumstance is different. My rule has always been if you filing a schedule C or any letter after that, you need a competent CPA.

    82. Re:Just hire a CPA by bloodhawk · · Score: 1

      yeah right. or those of us that understand the system well enough not to need to pay the $2000 my CPA charges me to do a few simple depreciation schedules and some share transactions. Those of us with money have it precisely because we know how best to utilize it and don't needlessly throw it away, at less than a days work I am happy to sacrifice a couple of evenings to do it myself and keep the couple of grand.

    83. Re:Just hire a CPA by Sardaukar86 · · Score: 1

      We're lucky in NZ to have the Auckland Savings Bank http://www.asb.co.nz which provides a sweet little facility for auto-coding your personal expenditure. It takes all of five minutes to set up and it's free of charge which is always pleasant.

      It craps out a nice pie graph showing that 70% of my after-tax income is spent on rent. Ahh, Auckland...

      --
      ..Mullah or Pope, Preacher or Poet, who was it wrote: "Give any one species too much rope and they'll fuck it up"?
    84. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Maybe it is different in the Netherlands, but you are still fully responsible for what an accountant fills in the tax form.
      You will need to check what your accountant did (mine was very bad) anyway, so you might as well do your own taxes.

      Maybe if you have a larger company where you can pay several accountants to watch over each other and also get an independent auditor to check the books.

      Anyway here in the netherlands if you have questions you call the tax authority, if you made a mistake they will call you and asks you to correct it. Once I put a number in the wrong subject and the tax authority called me because they found their books didn't match because the counter party company had put the same number in the other subject. And no, an accountant would not have done it better, the tax authority had a hard time to figure out which was the correct subject for this particular transaction.

    85. Re:Just hire a CPA by Sardaukar86 · · Score: 1

      I think you missed his point. Those people giving poor reviews already bought the product, probably bought the $40 add-on because they were already partway through the process, and most likely will purchase it again next year. If that's true for more than half the user base, Intuit comes out ahead.

      For now.

      --
      ..Mullah or Pope, Preacher or Poet, who was it wrote: "Give any one species too much rope and they'll fuck it up"?
    86. Re:Just hire a CPA by choseph · · Score: 1

      but fidelity does that every year. they always do for a specific class of earnings. they have for at least 10 years now. So I should have hired a CPA and paid $500 a year for something I did for 4 years on paper until I decided my 4 hours was worth more and bought turbo tax for $50 and spent 30 min on it? Lot of wasted money in a CPA. Yes, I did pay $650 one year...guy came highly recommended by lots of people. He did nothing that Turbo Tax couldn't do, didn't save me any time or money, and it was actually much worse since I had to take time to go to his office instead of doing it in my underwear at my computer at midnight.

    87. Re:Just hire a CPA by ruir · · Score: 1

      I could swear a very well known software making company for filling tax returns that is again under the fire sued the USA government when it tried to make things more easy for the people. Pity I can't find the appropriate link.

    88. Re: Just hire a CPA by Anonymous Coward · · Score: 0

      Blaming the free market for a side effect of tax law, yes?

    89. Re:Just hire a CPA by ganjadude · · Score: 1

      actually gas is less than last week ;)

      --
      have you seen my sig? there are many others like it but none that are the same
    90. Re:Just hire a CPA by CronoCloud · · Score: 1

      AFAIK, they didn't sue, but were part of a consortium of tax preparers who sucessfully lobbied Congress to limit the IRS's ability to make filing easier.

      The IRS had wanted people to file electronically for years. The original plan was for the IRS to produce software and just give it away for free and have everyone, and I do mean "everyone" file for free.

        But when they set up their original e-file program, it was limited as to WHO could access it, meaning it was limited to tax professionals, who charged a pretty penny for the service. Eventually the IRS had just enough clout to get free e-filing for lower income taxpayers, in exchange for essentially handing them off to Intuit/HRBlock/etc for an upsell of services they don't really need.

      However, the states aren't limited in that way, and some states were able to implement their own systems independently without Intuit/HRblock/etc interference. This is why, for example, no tax filing company offers free-filing of state returns in Illinois, it's essentially revenge for Illinois having it's own system...which works very well.

    91. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Ya know, no one cares as much about your stuff as you do. This applies to taxes as much as anything else. I stopped using an accountant when not only did they make an error requiring a refile, but charged me $100 for fixing it. Turbo Tax, done carefully by myself, has been consistently better for me. Now, I don't have a super complex situation, but some simple depreciation & a little self employment income aren't beyond anyone reading /.

    92. Re:Just hire a CPA by dingleberrie · · Score: 1

      I hired a CPA for a couple of years. I did the taxes by hand and compared it to their results (for several reasons, including that I'm a geek).
      Each year, he said that I would get back a much larger refund than I calculated. When I'd put the two results side-by-side, I'd find deductions from him that I'd ask him about and he'd acknowledge that those aren't right... it was a mistake or oversight. One year, he depreciated my rental house by 2% instead of 1%, but I only learned about that one the next year.

      After 3 years, I had the same life-events year to year, so I stopped using him.

      I have the impression that some CPAs make 'adjustments' based on how much the assumptions can bend. It's a gamble. You have to get caught and there are likely things that are able to be justified as likely mistakes or barely detectable in an audit. I have the impression that this is one way that some CPAs get much better results than tax programs. I don't know about the legality. It could be illegal in the same way that speeding is illegal but I still exceed that posted limit.

      CPAs, feel free to chime in and tell me I'm wrong and that I misunderstood.

    93. Re:Just hire a CPA by omnichad · · Score: 1

      Americans aren't the sharpest knives in the drawer when it comes to taxes; how many people do you know that live paycheck-to-paycheck all year but get four digit refunds?

      It's the closest they get to "saving up" for large expenses. If they're not going to even get a savings account at least let them have that.

    94. Re:Just hire a CPA by Impy+the+Impiuos+Imp · · Score: 1

      If you're self-employed, have investment income, or asset depreciation, you probably already do your taxes with a real CPA. If you aren't, you probably should.

      Sounds like something a CPA might say.

      He probably even knows what a comptroller is! >:-(

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    95. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      To top this off, these are the same people who wouldn't let the IRS release a free tool for everyone and got it canned.

    96. Re: Just hire a CPA by Anonymous Coward · · Score: 0

      So tell me how to fill out my W4 to deduct less than the minimum.

    97. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Sorry to burst your bubble, pal, but computer's don't have knowledge of things that "one human (or at most a few of them) to notice that such knowledge should be present in the system and to make sure that it is indeed present there" is ignorant at best and pipe dreaming at worst.

      We are a long, long way from teaching computers and letting them operate independent of programming. So, what you should be trying to convey is that the QA (made up of tax law experts) will test the software against a set of test cases and tell the programmers about the bugs/changes and go from there.

    98. Re:Just hire a CPA by volmtech · · Score: 1

      After years of my business breaking even, meaning no profit but no loses either, I had to sell some land to repay the loans I had been living off of. This triggered a large capital gains tax. I shifted expenses forward to cancel that out. The next year with less expenses I made a large paper profit and had to pay the Social Security and income tax on that profit that wouldn't have be due on the capital gains.

      The smart me thought me knew what he was doing and the lazy me didn't take the few minutes to figure it both ways the first time. This cost me $50,000 in penalties and interest when I couldn't pay it. A CPA would have saved me more than $25.

    99. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      UKian here, our quasi social-capitalist centre of the road system is quite neat.

      PAYE (pay as you earn). the income tax i owe is taken from my salary by my employer every month. And it's auto adjusted for pension contributions so i dont have to fill in any sort of tax forms. It's what most of us do.
      If you're self employed or work more than one job it gets a bit more complex, but for the vast majority it's that simple.

    100. Re:Just hire a CPA by nealric · · Score: 1

      Most people making $20k get refunds. They often go to shady outfits that provide refund anticipation loans and nosebleed interest rates that suck away a big portion of the refund. They don't even realize how much they are paying for the service.

    101. Re:Just hire a CPA by Curunir_wolf · · Score: 1

      Thanks Obama!

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    102. Re:Just hire a CPA by TechyImmigrant · · Score: 1

      >I strongly suspect you think it's easy because your software is doing all the actual work, and all you had to do was tell it a) what you paid, and b) what kind of thing it was.

      Yes. For the same reason I think adding a million numbers is easy, because I throw it into a spreadsheet and have it do all the work.

      The details depreciation may be complex, but for small businesses such as ours, there are few items that are so expensive that you can't just write them off 100% in the year of purchase. The most expensive individual item the business purchased was a laptop, even though a heck of a lot more than that comes and goes as merchandise.

      --
      I should use this sig to advertise my book ISBN-13 : 978-1501515132.
    103. Re:Just hire a CPA by Curunir_wolf · · Score: 1

      ...or if 40$ hurts that bad maybe reconsider your self employment and/or investments.

      The point is, they aren't offering anything for that $40. It's the same thing as last year, but twice the price. And there are a dozen other products out there that don't charge that much. In fact, many are free and simply charge for state filing.

      If the product costs more than you're willing to pay and there is competition, then move away.

      I'm not familiar with the software in question, but putting myself in the shoes of the developers, if the customer segment they were providing a free version for isn't sustainable for them, for whatever reason, then charging a fee is a completely reasonable action IMHO.

      It's not free - it's $50. Then you pay that, start on your taxes, then get to that point in the program that says "Based on your tax information you are required to complete Schedule X. Would you like to go online and purchase it for $40 more now?"

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    104. Re:Just hire a CPA by Curunir_wolf · · Score: 1

      If by "damn near everyone else" you mean "people who run their own business," yes, business taxes are hard. Sorry, that's life. You want to play with the big boys you gotta play by the rules.

      Most businesses are sole proprietorships, and many business owners make less than wage slaves (and work many more hours). Delivering newspapers, running a street food cart, yard maintenance, web site consulting, home and appliance repair, even plumbers often work as independents with their own businesses, and are just working class folks. People start their own businesses because they don't want to work for someone else, or be beholden to the "big boys" for their livelihood.

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    105. Re:Just hire a CPA by Curunir_wolf · · Score: 1

      Considering that this is one of those things that are virtually perfect for computer automation, how do you know that "real CPAs" won't actually be computers in ten to twenty years?

      Well it was good enough for Timmy Geithner...

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    106. Re:Just hire a CPA by lgw · · Score: 1

      I always have something weir - not sure why, t's not like I seek goofy investments, but there's always stuff like foreign tax paid, some employee stock thing that was done wrong, I used to have some investments that were traded like stock, but were actually limited partnerships that went on some other form. It's probably only saving me a few hours' work, but it's worth the money so that it's all correct.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    107. Re:Just hire a CPA by StikyPad · · Score: 1

      It takes me about as long to do my own, including entering the cost bases for investments and mortgage interest payments. For those doing cost-comparisons, I eke it out of my "non-income-earning time" instead of my "income earning time," which makes it a net gain, at the cost of a little less enjoyment that day, and a little more enjoyment with the money I save. I've received one letter from the IRS, and it took about 5 minutes to reply. It's not rocket science. And I never get a refund, because I don't overpay my taxes in the first place.

    108. Re:Just hire a CPA by david_thornley · · Score: 1

      I've messed up a couple of times. The IRS sent me a polite letter explaining what I'd written, what they calculated, how much to pay if I accepted their calculations, and where to send a letter if I thought I was correct. The time I'd entered some dividends under interest income, I wrote them a letter about it (the other times I just wrote a check). They sent me back a letter saying that they accepted my explanation, I owed nothing more, and where to send a letter if I disagreed with their findings. Amusing.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    109. Re:Just hire a CPA by david_thornley · · Score: 1

      My approach to "seriously bending the rules" is that, when the rules are unclear, I can go by any halfway reasonable interpretation. If the IRS or the State decide I've misinterpreted the rules, they'll let me know, and they aren't going after me for fraud. There was one year in which my wife and I calculated our state taxes three times, and we submitted the lowest of the three separate figures.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    110. Re:Just hire a CPA by NicBenjamin · · Score: 1

      $20k, with one kid, means you get all your withholding in the refund plus $2,954 Earned Income Credit and roughly $1,000 in Additional Child Tax Credit. Which means that their Federal taxes can easily be 20% of their annual income. So they just have it taken from their refund.

      Most of them don't have computers with internet connections, which makes doing taxes very difficult. More importunately for them, they aren't very well educated, but they know they could easily fuck up their taxes and get in huge trouble; so paying a couple hundred bucks to ensure that 20% of their income actually arrives is a very good deal.

    111. Re:Just hire a CPA by NicBenjamin · · Score: 1

      To get a Refund Anticipation Loan (or RAL) you have to go to a really shady place. They're illegal now.

      You can get a loan from most tax places, and the interest rates are typically quite high by the standards of middle class suburbanites, but if your income is only $20k you don't have a $1,500 "Oh Shit" fund, so when your car gets impounded*/breaks down/etc. your choices are pretty damn limited. You need the money now, or you'll lose your job and you're totally fucked. You need the loan and you don't really care much about the interest rate.

      From the lenders point-of-view people who make $20k and have no "Oh Shit" budget are not anywhere near 100% reliable. If you make 10 $1,000 loans, and one guy doesn't pay you back, you have to charge 11.1% interestjust to make up for that one guy. And you still haven't paid the costs of administering the loan -- office space, staff paid/treated well enough to show up every day on time in fucking ties, etc. -- and if those are a couple hundred per loan you could lose money on a 40% interest rate even if 90% pay you back.

      So yes, by the standards you are familiar with the rates charged by tax offices are ridiculous. OTOH, if some smart cookie could figure out a way to get poor people loans at Middle Class rates I'd nominate them for the Nobel Peace Prize.

      *Impounded is the worst. You don't have $300 to pay the ticket, and you don't have $150 to pay the impound fees. So you scramble around for three days and now your impound fees are $500, because there's a parking fee, but the car's only worth a grand, etc.

    112. Re:Just hire a CPA by NicBenjamin · · Score: 1

      It's harder to use that strategy as a tax preparer. The Feds will say "Moron, we clarified that in a letter* last year," your boss will mention "that was on page 2.6 of the book for your depreciation class," and you get yelled at.

      As an individual that works. As long as you're ready to pay up promptly when they send you a letter telling you you were wrong the late payment penalty is your biggest problem.

      *Seriously. If you want to get a ruling on a tax issue from the IRS you send the appropriate guy a letter, he writes back, and then you put it on your web page and tax preparers nation-wide will use the precedent in preparing taxes. It's called a "Letter Ruling."

    113. Re:Just hire a CPA by Darinbob · · Score: 1

      Yes but that's a business. In such cases professional tax help makes sense even without special circumstances. But for a simple case of salary w2 plus 1099s, no complex market transactions, then the professional isn't really going to find much that software will find.

    114. Re:Just hire a CPA by lgw · · Score: 1

      I'm OK with spending a little money to avoid unpleasant tasks. My budget is limited, so I clean my own toilet, and pay someone to do my taxes - most disgusting task to the top of the list!

      --
      Socialism: a lie told by totalitarians and believed by fools.
    115. Re: Just hire a CPA by Anonymous Coward · · Score: 0

      Bullshit. Maybe if you have a less than 100 IQ and more money than sense.

    116. Re:Just hire a CPA by stealth_finger · · Score: 1

      It's the same thing as last year, but twice the price.

      Gas this week is the same as gas last week, but I still have to pay more for it. Because costs change over time.

      Yeah it's getting so hard to get the ever shrinking amount of bits out of the ground and move them round the globe and change their form to something more usable. It's well known world politics can also affect the price of software...

      --
      Wanna buy a shirt?
      https://www.redbubble.com/people/stealthfinger/shop?asc=u
    117. Re:Just hire a CPA by nealric · · Score: 1

      RALs are technically illegal, but there are plenty of ways to produce a similar result. Nothing to stop them from giving you a payday loan at the same time. I'm not getting into the payday loan industry, just saying that many poor people pay for their tax prep out of their refund, and way overpay.

    118. Re:Just hire a CPA by david_thornley · · Score: 1

      Do they stand by Letter Rulings nowadays? Several years ago, I saw complaints that you could get an answer from the IRS, document it as from there, and they'd say something different when processing the return.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    119. Re:Just hire a CPA by NicBenjamin · · Score: 1

      As a low man on the totem pole, I don't really deal with the kind of issues you'd need an IRS Letter to talk about. I mostly do EIC, sometimes a Schedule A or an Education Credit. This year I finally got far enough in my tax classes to deal with the actual Tax Code instead of the Pub 17.

      But a quick google showed that at least a couple of the Letter Rulings had been ignored.

    120. Re:Just hire a CPA by Anonymous Coward · · Score: 0

      Only a retard changes his own oil.
      Only a retard re-sods his own lawn.
      Only a retard cooks his own meals.
      Only a retard plays his own instrument.

    121. Re:Just hire a CPA by Agripa · · Score: 1

      Have you ever heard of ethics?

      Has the IRS or Congress? If they expect better ethics, then they should set a better example.

  2. Not suprised.. by Anonymous Coward · · Score: 1

    More bad business decisions from the genius MBAs that are ruining everything that was good...

  3. Not just self-employed.. by dbc · · Score: 0

    .. who doesn't have investment income?

    1. Re:Not just self-employed.. by epyT-R · · Score: 5, Insightful

      Your fake incredulity notwithstanding, most people do not have the cash for that. They have to pay bills.

    2. Re:Not just self-employed.. by OrangeTide · · Score: 1

      Soooo they don't plan on retiring ever?

      --
      “Common sense is not so common.” — Voltaire
    3. Re:Not just self-employed.. by gatfirls · · Score: 1

      That's a good question. I would think it wouldn't be a large percentage.

      Sure like 50% of Americans have 401k's etc, but actual capital gains/losses? I would guess that number is pretty low and probably a large part of the development for the software since it can be so complex versus your straight 1040a/ez filer.

    4. Re:Not just self-employed.. by Frobnicator · · Score: 1

      Your fake incredulity notwithstanding, most people do not have the cash for that. They have to pay bills.

      Investment income does not necessarily mean having a fortune in assets.

      Your personal bank account pays dividends and the government will tax it. Even my kids who maintain a balance of under $100 in their accounts earn a few cents of "investment income" each year.

      --
      //TODO: Think of witty sig statement
    5. Re:Not just self-employed.. by gatfirls · · Score: 5, Insightful
    6. Re:Not just self-employed.. by mythosaz · · Score: 1

      Your fake incredulity aside, not everyone is so lucky as to be planning for retirement.

      Some people simply hope to die peacefully at their desk or behind their counter.

    7. Re:Not just self-employed.. by Enry · · Score: 1

      I have some, had some sales last year too. Doesn't need to be much, there's only a few thousand dollars in it.

    8. Re:Not just self-employed.. by epyT-R · · Score: 1

      Retirement? In this economy? Most people in their 20s and 30s now will probably not be able to, at least not completely.

    9. Re:Not just self-employed.. by Anonymous Coward · · Score: 4, Funny

      when I die, I want to go in my sleep, like my grandfather.

      ...not yelling in terror, like his passengers.

    10. Re: Not just self-employed.. by Anonymous Coward · · Score: 0

      Can't wait til interest rates are north of 10% again. I reckon it should happen by 2050!

    11. Re:Not just self-employed.. by Quirkz · · Score: 2

      Taxable interest is a line-item on the 1040. It's not treated as "investment income."

    12. Re:Not just self-employed.. by Quirkz · · Score: 1

      Schedule D won't apply to tax-sheltered retirement accounts (at least during the investment stage; I haven't gotten to the withdrawal stage to figure that part out yet), so it's only if you've got investments outside of that.

    13. Re:Not just self-employed.. by bcoff12 · · Score: 1

      Most people have at least some money they could be saving, but many just do not bother.

    14. Re:Not just self-employed.. by bcoff12 · · Score: 2

      Not if they keep believing people like you.

    15. Re:Not just self-employed.. by epyT-R · · Score: 1

      Such small amounts on $100 accounts are hardly worth claiming. People living paycheck to paycheck hardly earn more than that.

    16. Re:Not just self-employed.. by OrangeTide · · Score: 1

      Hopefully they will violently revolt and install a new system to replace our ailing oligarchy.

      --
      “Common sense is not so common.” — Voltaire
    17. Re:Not just self-employed.. by Anonymous Coward · · Score: 0

      Life gets complicated when your employer matches 401k contributions using stock options/RSUs, or if the employer matching exceed 25% of your salary.

      Luckily you can usually opt out of those complications, but everyone who chose to do that in 2014 is kind of committed to paying Intuit extra this year or hiring a CPA.

    18. Re:Not just self-employed.. by rubycodez · · Score: 1

      neither my retirement funds nor pension plan are taxable...for now. The piper will be paid when I withdraw

    19. Re:Not just self-employed.. by rubycodez · · Score: 1

      You are funny, you'd advise someone struggling financially to save say $100 a month so they can have "retirement income"? That's beyond stupid andf a waste if time at best

    20. Re:Not just self-employed.. by rubycodez · · Score: 1

      pffft, you could have $15,000 in a checking account and the interest for a year wouldn't even buy a gallon of milk

    21. Re:Not just self-employed.. by Darinbob · · Score: 1

      But mutual funds are investment income. A lot of less wealthy people have something similar. All it takes is the ability to save some money for later. A saving's account pays so little interest that it makes a lot more sense to put that money into some funds (stocks, bonds, a mix, an index, whatever). You don't need to be a big financial guy to do this, just head to the bank and make an appointment for the investment desk.

    22. Re:Not just self-employed.. by rahvin112 · · Score: 1

      $100 dollars a month, starting at age 20 is enough to generate a very substantial nest egg by the time you reach 65, even in future dollars.

      Go here:
      http://money.cnn.com/tools/sav...

      Put in $1200 per year taxable saving. Put in zero's for how much you have (taxable) 28% federal, 6% state, 0 for tax deferred and 0 per year. Then 45 in years to save (20 to 65) and put in an annual growth of 6%.

      Results:

      Your current savings will grow to:
      $183,100
      Inflation adjusted:
      $46,496

      That is not nothing, you won't be living high on the hog but you will have a reliable nest egg and if you were smart and bought a house and paid it off during those 40 years you will have more than enough to survive even if they decimate social security.

    23. Re:Not just self-employed.. by dcollins · · Score: 1

      About 48%? Currently about 52% of Americans own stocks (including mutual funds and retirement accounts), and that number has been trending lower each year since 2007.

      http://www.gallup.com/poll/162353/stock-ownership-stays-record-low.aspx

      --
      We know where leadership by an anti-intellectual "strongman" who scapegoats minorities and likes boisterous rallies goes
    24. Re:Not just self-employed.. by Anonymous Coward · · Score: 0

      You only get to die once in this life. Why would you want to sleep though such an event? I'm going out with my arms up and screaming my head off, enjoying every second of it.

      AAAAAAAAAAAAAHHHHHHHHHHHHHHHHH *pop*

    25. Re:Not just self-employed.. by Anonymous Coward · · Score: 0

      Schedule D won't apply to the withdrawal stage, either. Distributions are reported on the main Form 1040 and taxed as ordinary income. Everything else--transactions, gains, losses, etc.--remains "sheltered" in the account.

    26. Re:Not just self-employed.. by AikonMGB · · Score: 1

      At what opportunity cost? The post you replied to asked about someone struggling financially. If they are struggling financially, then likely the only way to get that $100 per month to put away is to borrow it. The cost of this would erode much of the benefit.

    27. Re:Not just self-employed.. by halivar · · Score: 1

      AAAAAAAAAAAAAHHHHHHHHHHHHHHHHH *pop*

      Orbital explosive decompression?

    28. Re:Not just self-employed.. by Anonymous Coward · · Score: 0

      Mutual funds will give you capital gains in most years because they handle a lot of stock transactions inside the fund. It's always reported on the 1099-DIV that they send you.

    29. Re:Not just self-employed.. by Anonymous Coward · · Score: 0

      Yeah, they're too busy buying cars, iPads and video game systems they can't afford. Too busy whining about the fact that they borrowed too much money for education instead of working hard and when no one twisted their arm to spend that much on an education they probably wasted partying.

    30. Re:Not just self-employed.. by omnichad · · Score: 1

      That's some expensive milk. Most interest bearing checking accounts are at least 0.1%. That'll get you at least $15 worth of milk.

    31. Re:Not just self-employed.. by Quirkz · · Score: 1

      Thanks for the confirmation. I thought so, but didn't want to say that and give anyone bad information.

    32. Re:Not just self-employed.. by Streetlight · · Score: 1

      When you start taking Required Minimum Distributions (RMDs) or other distributions from your IRAs, 401ks, etc., the distributions are taxed as normal income. The investments remaining in the retirement accounts continue to change tax free, so no Schedule D is involved on that account. Of course, if you reinvest those distributions in stocks, bonds, mutual funds you may have a Schedule D to fill out as you will probably be selling assets, particularly as mutual funds adjust their portfolios of stocks through selling some assets at least once a year.

      --
      In a time of universal deceit, telling the truth is a revolutionary act. George Orwell
    33. Re:Not just self-employed.. by Anonymous Coward · · Score: 0

      my wife and I living on the equivalent of $200/mo for 20 years (65-85) means we'll be eating cat food. Since water, trash, and electricity costs about that much combined. Then after a few years the city will take our house away because we haven't been paying taxes on it.

      Basically you're a huge fucking idiot.

    34. Re:Not just self-employed.. by Whorhay · · Score: 1

      Maybe if in retirement you survive on cardboard boxes from the dumpster, and forsake modern luxuries like automobiles, electricity, and running water. Although I suppose you could possibly double that nest egg or more by selling the home and moving to one of those areas where homes are valued at $20k or under, presuming of course that you aren't already in that boat.

      Personally I'm saving and plan to have enough to retire and maintain my current standard of living. I do hope to raise my children in such a way that they wouldn't mind sharing a multigenerational home with me. I've already let my parents and inlaws know they are welcome in my home if they should want or need that.

    35. Re:Not just self-employed.. by nealric · · Score: 1

      Most people's retirement savings are all in 401ks. Those don't complicate returns.

    36. Re:Not just self-employed.. by Anonymous Coward · · Score: 0

      .. who doesn't have investment income?

      Most people. I have none, because my investments are all in my 401k. And that makes me one of the fortunate few. A majority of Americans don't even have anything like that.

      The number of people wealthy (or foolish) enough to play the markets outside of their tax-protected retirement accounts is probably in the single digits.

    37. Re:Not just self-employed.. by david_thornley · · Score: 1

      The equivalent of $46K after 45 years isn't impressive. That's less than one year's US median annual household income, and is going to make very little difference in retirement unless the plan is to die horribly by age 68.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    38. Re:Not just self-employed.. by david_thornley · · Score: 1

      How many own stocks etc. outside of retirement accounts that are not currently taxed (IRAs, 401(k)s, etc.)? Their taxes will get a lot more complicated when they start drawing on that, but I don't even report what happens in my retirement accounts.

      --
      "When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
    39. Re:Not just self-employed.. by dcollins · · Score: 1

      Something less than 52%.

      --
      We know where leadership by an anti-intellectual "strongman" who scapegoats minorities and likes boisterous rallies goes
    40. Re:Not just self-employed.. by rubycodez · · Score: 1

      no, that's the high end. From my bank I received $1.31 for the year

    41. Re:Not just self-employed.. by omnichad · · Score: 1

      Either you didn't have an average balance of $15,000 or you have an interest rate of .008%. I'll admit that I didn't compound that, but that would only work to a lower interest rate. That's definitely not the high end: http://www.nerdwallet.com/rate...

    42. Re:Not just self-employed.. by rubycodez · · Score: 1

      the number I remember is 0.0065%, but if anyone laughs and says why don't I change to high end 0.1%, is because whether $15 or $1.31 it doesn't matter, from my point of view it's essentially zero.

  4. Anyone surprised? by Anonymous Coward · · Score: 1

    Is anyone really surprised? This is the same company that tried to instill DRM in TurboTax a few years back, and they lost HUGE amount of sales, (myself included), so clearly they haven't learned their lesson. Too bad too. I guess it's time for this investor to start letting an accountant do my taxes.

    1. Re:Anyone surprised? by JackieBrown · · Score: 2

      Additionally, they now charge to view old tax returns filed with them

  5. Slacktivism at its finest! by felrom · · Score: 1, Funny

    Maybe instead of posting an impotent Amazon review, those people should work to get the tax system simplified.

    1. Re:Slacktivism at its finest! by Tablizer · · Score: 3, Interesting

      those people should work to get the tax system simplified.

      There is too much temptation for politicians to muck with tax rules for various reasons. It's unrealistic they would keep it simple for simplicity's sake. They want bragging rights for new programs or tax breaks, and the negotiating to get such changes passed often creates convoluted compromises.

      An interesting idea was that the IRS could simply do your taxes for you and send you a receipt along with stated assumptions to be verified, but tax prep co. lobbyists blew that idea out of the water.

      The equivalent works fairly well in other countries, saving people tax prep costs. Let's face it, other countries do socialism better than us. They often do socialism better than we do capitalism even, largely because the United States is not very United.

    2. Re:Slacktivism at its finest! by CanadianMacFan · · Score: 2

      And put all those accountants and lawyers out of work!

    3. Re:Slacktivism at its finest! by Anonymous Coward · · Score: 0

      An interesting idea was that the IRS could simply do your taxes for you and send you a receipt along with stated assumptions to be verified,.

      Which is what they do here. The government gets all the record from banks & employers anyway, in machine-readable form. So they have all they need to calculate the taxes for 99% of people. Which they can do more efficiently than people messing around with calculators and bank statements. They send out a receipt which you may ignore unless you're one of the few who have an enormous amount of gold stashed in a safe or unusual income from outside the country.

      Often enough, you won't even have to do anything to pay taxes. They have all records from employers and take their cut every payday. These days, this automatic cut is well calculated. So your tax is paid already.

  6. Not so Deluxe anymore? by Em+Adespoton · · Score: 5, Interesting

    I remember back in the days of QuickTax -- Windows users could buy QuickTax for a decent price and do their taxes. However, if you had a Mac, you needed to buy Deluxe, as that was the only version provided for the platform -- at a higher price than the Windows Deluxe version, both of which were twice the price of the regular version.

    What were the extras you got? IIRC, it was the self-employment, investment income and asset depreciation packages, along with some retirement planning tools.

    The other gotcha: the schedules were never updated until AFTER the early filing deadline, which meant I always had to file an update once I'd re-calculated for actual retirement values/contributions.

    Well, it's been around 15 years now since I ditched Intuit for a web-based alternative that just works (I get tax refunds now within two weeks of filing), and I see absolutely no reason to go back, or recommend anyone else uses an Intuit product. This is just another nail in the Intuit coffin.

    But I hear they're one of the best places to work....

    1. Re:Not so Deluxe anymore? by turkeydance · · Score: 1

      ok...i give...what's your web-based alternative's website address?

    2. Re:Not so Deluxe anymore? by TheRealMindChild · · Score: 0

      hrblock.com

      --

      "When life gives you lemons, don't make lemonade. Make life take the lemons back!" -- Cave Johnson
    3. Re:Not so Deluxe anymore? by Anonymous Coward · · Score: 2, Informative

      taxact.com. Last time I used it, it was free. Free for everyone. You only had to pay $9.95 if you wanted a PDF copy of your taxes.

    4. Re:Not so Deluxe anymore? by suutar · · Score: 2

      I also use TaxAct. They charge for other stuff too, like State taxes, but I have no problem with that.

    5. Re:Not so Deluxe anymore? by Anonymous Coward · · Score: 0

      http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free

    6. Re:Not so Deluxe anymore? by Ogive17 · · Score: 1

      Maybe they assumed those with Macs were willing to pay more to get the same experience as a Windows user... :)

      --
      "Action without philosophy is a lethal weapon; philosophy without action is worthless."
    7. Re:Not so Deluxe anymore? by Anonymous Coward · · Score: 0

      He never said they didn't send it within 2 weeks. He said his web program did. Stop seeing FUD where none exists, shill.

    8. Re:Not so Deluxe anymore? by LVSlushdat · · Score: 1

      Still is free for Federal ... with a free eFile.. you gotta pay for State... sooooooo glad Nevada doesn't have an "income tax"... Been using it since about 2000....

      --
      THANK YOU, Edward Snowden!! Americans owe you a debt of gratitude (whether they know it or not..)
    9. Re:Not so Deluxe anymore? by Sardaukar86 · · Score: 1

      Xero.com

      --
      ..Mullah or Pope, Preacher or Poet, who was it wrote: "Give any one species too much rope and they'll fuck it up"?
    10. Re:Not so Deluxe anymore? by CronoCloud · · Score: 1

      You only had to pay $9.95 if you wanted a PDF copy of your taxes.

      What? hrblock.com gives you the federal PDF for free! Not only that but my state (Illinois) has it's own website, bypassing the tax preparer industry entirely, and they also hand over a PDF.

       

    11. Re:Not so Deluxe anymore? by Em+Adespoton · · Score: 1

      Not only that, I said nothing about TorboTax, other than the current behaviors of Intuit seem to be out of the same playbook that stopped me using their software 15 years ago. The point was to head off other shilling and FUD by pointing out that the free/cheap web alternatives are accurate and get you your full return promptly.

  7. Schedule D?! by twitnutttt · · Score: 5, Insightful

    Maybe I can understand the self-employment schedules as an upcharge, but Schedule D?!
    That's something the average American household should (hopefully) be needing for their investment savings.
    Owning a few mutual fund shares should hardly be an esoteric tax topic!

    Plus, ya know, ahhh Bitcoin. (Just kidding)

    1. Re:Schedule D?! by epyT-R · · Score: 5, Insightful

      Just because you're self employed doesn't mean you're rich.

    2. Re:Schedule D?! by Quirkz · · Score: 1

      Well, most retirement accounts (IRA, Roth, 401(k)) won't trigger a Schedule D, so it's only if you're investing outside of that, which many people may not need to.

    3. Re:Schedule D?! by ebrandsberg · · Score: 3, Informative

      Every person participating in an ESPP program or with stock option income will have to do it. That is a fair number of people. That is also why they are doing it...

    4. Re:Schedule D?! by wallsg · · Score: 1

      Two words: Mutual Fund.

    5. Re:Schedule D?! by aaarrrgggh · · Score: 1

      No, but you tend to have more complex tax status... and to the GP's point, you really should be using a CPA. As worthless as my CPA is, I am happy to pay the $350 for him to dump my information into his program.

      As for why the change... it is what the market will bear. It is a pain to do Schedule D and the accompanying forms now.

    6. Re:Schedule D?! by ShanghaiBill · · Score: 5, Insightful

      Just because you're self employed doesn't mean you're rich.

      I have found that paying a CPA to do my taxes is a waste of money. Most CPAs just take your information, and pay some data entry clerk to type it into TurboTax. You might as well just put it in yourself. You have a bigger motivation than your CPA to find deductions, and you will learn from the experience how to better structure your business to avoid taxes in the future.

    7. Re:Schedule D?! by Anonymous Coward · · Score: 1

      A thousand times this. I used to be married to a self-employed person, and I also had some complex investment reporting (stock options). I paid an accountant to do it once. I looked at the forms he filled out and it was not complicated. Saved myself thousands over the next 5 years doing my own taxes and never spent more than 5 or 6 hours on it.

      Now, if I had a lot of capital assets to deal with, maybe that would have made things harder, but I didn't.

    8. Re:Schedule D?! by OldSport · · Score: 4, Interesting

      It's all cost-benefit. It would take me at least a full working day to prepare everything on my own (I'm self-employed, with investments and several income streams from a couple of different countries), and my CPA charges less to do my taxes than I can make by spending the same amount of time working. I dunno, if your situation is very simple then doing it all yourself probably makes more sense, but as soon as it starts to get more complicated it's likely easier and more economically feasible to hire someone. (Not a CPA, by the way; no horse in this race.)

    9. Re:Schedule D?! by sexconker · · Score: 4, Insightful

      $350 for what? Convenience?
      It's simply enough to fill in the forms yourself. Programs like TurboTax handled all of this for the brain dead masses just fine, and used to cost an order of magnitude less than the CPA. And no, the market won't bear the change. Hint: This is why this story exists. People are bitching and leaving TurboTax in massive numbers. My own mother dropped it because of this in favor of some other software that does the exact same shit but charges less money.

    10. Re:Schedule D?! by phantomfive · · Score: 1

      It is a pain to do Schedule D and the accompanying forms now.

      Schedule D is straightforward in most cases. If you make a thousand stock trades, you can merely mark the totals in a line in your Schedule D and write "various." Some brokers, like Etrade, will even give you the totals, in case you're not good at math (and even if you are good, who wants to add up a bunch of stock trades).

      Of course, if you got stock options from three different companies, Schedule D is a bit trickier, but still, not really.

      --
      "First they came for the slanderers and i said nothing."
    11. Re:Schedule D?! by Anonymous Coward · · Score: 0

      agreed -- in the 80s and 70s, maybe it would have made sense to have someone fill out your tax forms. But since they just use turbo tax for you today, what's the point?

    12. Re:Schedule D?! by ShanghaiBill · · Score: 3, Insightful

      Now, if I had a lot of capital assets to deal with, maybe that would have made things harder, but I didn't.

      TurboTax handles capital asset depreciation perfectly. You only enter each asset once, and it will track it from year to year. Sometimes things get complicated, like when they changed the depreciation rules after the 2008 recession to encourage more capital spending. Lots of accountants screwed that up, but TurboTax did not.

      It is a good idea to consult with a CPA when you first set up your chart of accounts, but after that you really need to learn to do your own basic accounting and tax planning. If you run your own business, these are core competencies. You may not understand accounting as much as a CPA, but you understand your business much better.

    13. Re:Schedule D?! by Anonymous Coward · · Score: 2, Informative

      I gave up TurdboTax back in the 90s.. Now I use TaxAct... Intuit can go fuck off...

    14. Re:Schedule D?! by Darinbob · · Score: 1

      Ever since the bank started including the basis with their electronic important, it's been somewhat easy. At least half of the time for me is double checking the numbers after they've been imported. And it's my own time anyway. Sure, if I were working during that time I was filling out taxes then it's better to pay someone else, but I don't so I fill it out in my free time.

      (time is not money, otherwise people would be charging their children for billable hours, and movie theaters would be paying us)

    15. Re:Schedule D?! by Nethemas+the+Great · · Score: 1

      If the comments on Amazon are any guide, then I suspect the market isn't bearing this too terribly well. I'm sure H&R Blockhead will enjoy the uptick in market share though.

      --
      Two of my imaginary friends reproduced once ... with negative results.
    16. Re:Schedule D?! by SeaFox · · Score: 1

      Just because you're self employed doesn't mean you're rich.

      No, but you tend to have more complex tax status... and to the GP's point, you really should be using a CPA.

      When I was a newspaper carrier (age 12-18) I was classified as an independent contractor by the newspaper. So I wasn't their carrier -- I was self employed.
      And I had to do my takes on long-form 1040.

    17. Re:Schedule D?! by im_thatoneguy · · Score: 2

      I bought the Professional Turbo Tax on Amazon and it cost $64. And I get 10% extra on everything from my refund that I Put into Amazon Gift Certificates. So with TurboTax this year I could theoretically take my whole refund as Amazon Gift Certificates and pay off Turbotax a few times over. But I don't think I spend enough on Amazon even with my prolific Amazon Purchasing to justify taking all of it back in Gift Card Balance.

    18. Re:Schedule D?! by Prune · · Score: 1

      the bank started including the basis with their electronic important

      u wot mate?

      --
      "Politicians and diapers must be changed often, and for the same reason."
    19. Re: Schedule D?! by Anonymous Coward · · Score: 1

      Same here, have been using TaxAct for well over a decade -- has handled all my (federal only, no income tax in Texas) tax filing needs.

      Free download & free e-file, don't understand why people use TurboTax.

    20. Re: Schedule D?! by Anonymous Coward · · Score: 0

      Take currency that you can spend anywhere and turn it into something you can only spend at one retailer. Uh...no thank you.

    21. Re:Schedule D?! by Darinbob · · Score: 1

      Sorry, "import".

    22. Re:Schedule D?! by Anonymous Coward · · Score: 1

      I bought the Professional Turbo Tax on Amazon and it cost $64. And I get 10% extra on everything from my refund that I Put into Amazon Gift Certificates. So with TurboTax this year I could theoretically take my whole refund as Amazon Gift Certificates and pay off Turbotax a few times over. But I don't think I spend enough on Amazon even with my prolific Amazon Purchasing to justify taking all of it back in Gift Card Balance.

      If you're getting that much back on your refund then you're probably doing it wrong.

    23. Re:Schedule D?! by Anonymous Coward · · Score: 0

      traditionally there were limited options for Sch C in the Basic, Deluxe, and Premier models, but Sch D always needed Premier or Home and Business because most people didn't do investments.

    24. Re:Schedule D?! by Anonymous Coward · · Score: 0

      hint: he's using the same program those TurboTax customers are with a much more expensive license.

    25. Re:Schedule D?! by SirSlud · · Score: 0

      If you're self employed and 40$ is beyond the pale in terms of a cost associated with running your business, you might be one of those people who equates being self employed with having a right to be profitable.

      --
      "Old man yells at systemd"
    26. Re:Schedule D?! by Anonymous Coward · · Score: 0

      So true, HEAR HEAR! Forget about making a legible, sensible tax code like the rest of the world -- just bolster the shit you guys have got, add an imperial shit-ton more overhead, obfuscate!!!!! and then let's all get together with the lobbyists for an outrageous afterparty. Let the proles break a million IRS rules while trying to remember all the words on the 400 pounds of paper your USA tax code takes up. Once everybody is a criminal by trying to honestly file a return you can stuff those for-profit prisons full of easy prey. Keep all the loose ends tied up :)))))
       
      Did I mention how much Intuit and these other fuckers are paying to lobby against common sense and for more rules, laws, secret laws and taxes? Pork for everyone!

    27. Re:Schedule D?! by Snotnose · · Score: 4, Interesting

      I have found that paying a CPA to do my taxes is a waste of money.

      Get yourself a better CPA. Mine is a tax expert. First few years I used him I did my taxes in TurboTax to compare, he always found enough magic such that he paid for himself in taxes I saved. Not to mention I just had to shovel data to him, instead of spending a few hours in TT myself.
      Gotta find a new guy though, last year he told me he was getting married and moving out of state :(

    28. Re:Schedule D?! by Anonymous Coward · · Score: 0

      I used to use a CPA, But once the fee passed the $1400 mark I dumped him and went back to doing it myself, it isn't that hard, a half a days work and I am $1400 ahead.

    29. Re:Schedule D?! by Sardaukar86 · · Score: 1

      The phrase "Damn you autocorrect" springs to mind.

      --
      ..Mullah or Pope, Preacher or Poet, who was it wrote: "Give any one species too much rope and they'll fuck it up"?
    30. Re:Schedule D?! by Anonymous Coward · · Score: 0

      I had a CPA once, who made a right mess of it. I now do it myself. My friends also tried several CPAs but they are all worse than worthless.

    31. Re:Schedule D?! by gl4ss · · Score: 1

      it's still forty bucks you know.

      unless the program somehow shows you how to deduct it from your taxes..

      --
      world was created 5 seconds before this post as it is.
    32. Re:Schedule D?! by Arcady13 · · Score: 0

      Hopefully they know that the dollar sign goes before the number.

    33. Re:Schedule D?! by ruir · · Score: 2

      Actually our tax filling form is already automatised here in this shit country, and the platform fills all the values already reported to the IRS. So you just have to fill the blanks, mainly yearly deductions. The interface is a shit, and not for the fain hearted. It is also a Java program that each year got different problems, mainly because Oracle likes to play with the security model of different Java versions. From one year it only ran in Windows, next year could not delete fields, had to save it all the way and load when I inputed a wrong number, other year I could not save and print due to changes in the security model of Java, and I guess this year I will have to go to System Preferences and open an exception in Java Control Center. Nevertheless, the fine from filling a wrong application and submit it again is around 150 euros, so there is a strong incentive to fill it online. The sweet irony in all of this is that you cannot have all this kind of automation in the USA because actually TurboTax already sued the government (more than one time?) for making too easy to fill taxes, and thus killing their business model.

    34. Re:Schedule D?! by rjune · · Score: 1

      Just curious, is he leaving the business? Everything can still be done via web, phone, or ever snail mail. The only thing I could think of is that your state requires a license and he doesn't want the expense. If that doesn't work, maybe he could recommend someone.

    35. Re:Schedule D?! by omnichad · · Score: 1

      And if you're filling out a Schedule C because you made $200 doing misc. work for someone, it's not worth paying that. The IRS decides who calls themselves self-employed. The taxes including SE taxes is already about $60 of that.

    36. Re: Schedule D?! by pruss · · Score: 1

      You might just have done a few hours of part time work on top of regular employment, e.g., doing a few hours of babysitting for a friend.

    37. Re:Schedule D?! by omnichad · · Score: 1

      And before anyone jumps on me for not obscure remembering tax rules, change that $200 to $401.

    38. Re:Schedule D?! by datavirtue · · Score: 1

      They probably use Drake...but yeah.

      --
      I object to power without constructive purpose. --Spock
    39. Re:Schedule D?! by neurovish · · Score: 1

      No, but you tend to have more complex tax status... and to the GP's point, you really should be using a CPA. As worthless as my CPA is, I am happy to pay the $350 for him to dump my information into his program.

      As for why the change... it is what the market will bear. It is a pain to do Schedule D and the accompanying forms now.

      Why not save the the $300 and dump your information into a program yourself?

    40. Re:Schedule D?! by Anonymous Coward · · Score: 0

      Ditto. My CPA charges me $150. Compared to TurboTax he has always saved MUCH more than that when I compare to TurboTax. I am probably missing something in TurboTax. I could spend the time reading forms to find out where I go wrong. Is that really worth the $80-100 I would save doing it myself in TurboTax? Absolutely not.

    41. Re:Schedule D?! by YukiKotetsu · · Score: 1

      Actually, it does show you how to claim it as a deduction. Kind of funny.

    42. Re:Schedule D?! by aaarrrgggh · · Score: 1

      The problem (looking at you, E*Trade!) is that the numbers between the Schedule D information (realized gains and losses) does not match the information needed to prepare form 8949. If you have any wash sales, it gets worse. So, the brokers report inconsistent numbers to the IRS. Sound like a good chance for an audit?

      I pay $350 so my accountant can write "various." He is taken much more seriously than I am. Back when I used TurboTax, I had to make a spreadsheet to generate a TXF file to import in... various would be much better.

    43. Re:Schedule D?! by aaarrrgggh · · Score: 1

      Audit risk. You might still get audited, but anecdotally the risk is substantially lower. If I pay $3k more to an accountant over 10 years and reduce my chances of being audited from 80% to 30% it is worth it to me. I don't think I am doing anything wrong, but I did notice strange output from TurboTax that I could never resolve, and my income level is higher now. If you are audited, the IRS WILL find things you are doing wrong, or that you can't prove you are doing right.

      My wife's single-person corporation gets much less value from the CPA, but we do play a game there by paying her minimum wage and putting everything left into her 401k. It is legal and justifiable, but abnormal and likely to be flagged.

      The progression seems to go (by income): Pen, Turbo Tax/HR Block, CPA, CPA + Tax Advisor... The thresholds have just shifted down a lot over the last couple years.

    44. Re:Schedule D?! by phantomfive · · Score: 1

      Well, if it makes you happy, no problem, then. So though far I've never had an audit (and not because I didn't try). In Etrade, you can go ignore the tax documents they send you, go to the gains/losses page, print that out, and send it to the IRS. If you reorder your stock purchases to not be FIFO, it will keep track of that, too. Then take the sums and put them on the various line.

      Essentially what you need to do is be able to demonstrate that you are paying a fair tax. That's all the IRS really cares about. Another thing I do is send my taxes in a month early, in case I make a mistake, they will let me know instead of fining me. If you're getting a refund that doesn't matter though (because you won't be fined for being late if you're getting a refund, April 15th is not actually the deadline for a refund).

      --
      "First they came for the slanderers and i said nothing."
    45. Re:Schedule D?! by Anonymous Coward · · Score: 0

      Wow! $350 for your CPA and you describe him as worthless, but he was smart enough to see you coming...

      Mine charges ~$175, and I damned well know that the majority of it is just copying from last year's data, adding in whatever new additions and done.

      Downside is that they merged with another firm last year and are moving their offices 40m west. I'm hoping that my CPA bails and stays closer by o.w. I'm looking for a new conveniently located firm rather than having to make unwanted road trips.

      Also if you're ever audited the CPA should be able to handle most/all of it.

    46. Re:Schedule D?! by sexconker · · Score: 1

      If you're getting a refund you're doing it wrong.
      You should owe as much as possible without incurring penalties for lying about shit. And you should pay them no earlier that April 1st.

    47. Re:Schedule D?! by DarkOx · · Score: 1

      I have to agree, Sched D is pretty basic. I mean if you don't need to do Sched D, chances are you are filling out a 1040A or even an 1040EZ.

      If you can file either of those with dime store calculator and No 2 pencil in the time it probably takes to install the tax software.

      --
      Repeal the 17th Amendment TODAY! Also Please Read http://www.gnu.org/philosophy/right-to-read.html
    48. Re:Schedule D?! by powerlord · · Score: 1

      Another thing I do is send my taxes in a month early, in case I make a mistake, they will let me know instead of fining me. If you're getting a refund that doesn't matter though (because you won't be fined for being late if you're getting a refund, April 15th is not actually the deadline for a refund).

      Actually it can make a difference, but you are correct, it doesn't affect how much money you're due (if you have a legitimate refund due you).

      IANACPA, but my wife is (and prepares personal tax "during the season").

      In some states (and the Fed), the pool of money available for refunds often gets depleted mid-way through the tax season. Submitting early gets your refund processed before the state/fed need to replenish these funds, which can sometimes get you your money faster.

      --
      This space for rent. All reasonable inquiries will be entertained at proprietors discretion.
    49. Re:Schedule D?! by phantomfive · · Score: 1

      That's true lol, and you never know when California will go bankrupt and you won't get your refund at all.

      --
      "First they came for the slanderers and i said nothing."
    50. Re:Schedule D?! by im_thatoneguy · · Score: 1

      If you're getting that much back on your refund then you're probably doing it wrong.

      I did do it wrong, but I also spent a lot more than I anticipated after already paying. But it *does* create a bit of a loophole. 10% is a pretty good return. Especially since you can theoretically put it in the final quarter. So if you want to buy a big screen TV on Amazon for $3,000: overpay $2800 on your final quarter. File your taxes in February. Get your return entirely in Amazon gift certificates and you just got 10% off your TV.

    51. Re:Schedule D?! by nmr_andrew · · Score: 1

      True, but only if the capitals gains and/or dividends for the mutual fund in that particular year exceed a certain threshold (or, as the reply above mentioned, you have certain classes of investments which trigger automatic reporting). Off the top of my head I don't recall what threshold is, but it's been quite a few years since I had to fill out Schedule D, which wasn't really all that complicated.

    52. Re: Schedule D?! by Anonymous Coward · · Score: 0

      Uncle Sam has jackbooted thugs if I come up short. Making sure Uncle Sam owe me is at best out the $1000-$2000 refund. Just paying a tax lawyer to talk to me for getting audited or behind is significantly more.

    53. Re:Schedule D?! by Anonymous Coward · · Score: 0

      Only 40 meters? You shouldn't sweat it.

    54. Re:Schedule D?! by Anonymous Coward · · Score: 0

      Are you sure the "magic" he found wasn't actually fraud? My wife and I have W-2 wages, investment income, interest and dividend income, and deductions for mortgage interest, state income taxes, charitable contributions, and the portion of our vehicle registrations that is based on the value of the vehicle. It's hard to imagine how a CPU, TurboTax, and me with a pen and paper would come up with radically different returns in this scenario.

    55. Re:Schedule D?! by tehcyder · · Score: 1

      Just because you're self employed doesn't mean you're rich.

      No, but it means that whatever your income level you can legitimately pay much less tax than an equivalent employed person if you know what you're doing.

      A CPA knows what he is doing; you probably don't. There is a reason why accountants and tax lawyers exist, and it's not because people like paying them for the fun of it.

      For any tax situation that is even slightly complicated, relying on a piece of software is unwise. It's like self-diagnosing illnesses via the internet: I'd rather go to my doctor.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
    56. Re:Schedule D?! by tehcyder · · Score: 1

      $350 for what? Convenience?
      It's simply enough to fill in the forms yourself.

      People pay for an accountant to do their tax for the same reason they pay a mechanic to fix their car, or a plumber to install their gas central heating.

      They don't want to spend the time learning something that doesn't interest them, and perhaps more importantly they want a professional who can spot anything unusual that requires additional work, and react quickly and accurately if something goes wrong.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
    57. Re:Schedule D?! by tehcyder · · Score: 1

      So though far I've never had an audit

      That's what everyone says. Until they get audited.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
    58. Re:Schedule D?! by OldSport · · Score: 1

      I don't know if it gets any easier than just handing my CPA a box full of receipts. ;)

    59. Re:Schedule D?! by phantomfive · · Score: 1

      I look forward to it.

      --
      "First they came for the slanderers and i said nothing."
    60. Re:Schedule D?! by Anonymous Coward · · Score: 0

      Everyone on here who is bitching, the problem is not Intuit or any of the tax prep companies, the problem is the gazillions of pages of tax code that are so complex not even the IRS knows what is right half the time. The solution is so simple and only the lobbyists and the politicians don't want it: a 20% across the board national sales tax in lieu of all income taxes. Exempt basic cost of living items like food, gas, (and energy in general) and the other things people need to live, and then tax the rest. Simple. Millions of man hours saved every year, fire 75% of the IRS. Poor people still pay very little in taxes (remember, necessities of life are exempt), but if they want to buy that flatscreen at walmart for $400, theres another $80 you pay uncle sam. Don't like it, tell your politician to lower taxes. Investments aren't taxed; Mitt Romney doesn't pay tax on his stock options, but just like everyone else, with no wiggle room, he pays 20% when he goes to buy that new $5M yacht.

    61. Re:Schedule D?! by Anonymous Coward · · Score: 0

      But why are we ending every post with three punctuation marks instead of one? Did we fail first grade English???

  8. By coincidence by Anonymous Coward · · Score: 5, Informative

    Intuit top management got a huge pay raise in 2014. That money's gotta come from somewhere.

    1. Re:By coincidence by nine-times · · Score: 1

      And I'm sure they got that pay raise for coming up with brilliant ideas to increase revenue. Ideas like increasing their prices.

  9. Get a free upgrade or a free replacement by Mr.Intel · · Score: 5, Interesting

    According to one article you can call them to complain and get a free upgrade to the version you need or send a scan of your receipt to H&R Block and get a free version of Tax Cut that has all the forms. Personally, I prefer the former so Intuit knows they have an unhappy customer serious enough to call them on these shenanigans.

    --
    ASCII tastes bad dude.
    Binary it is then.
    1. Re:Get a free upgrade or a free replacement by 31415926535897 · · Score: 5, Informative

      Does anyone remember this debacle? http://yro.slashdot.org/story/...

      Their anti piracy techniques included messing with your MBR. I was still doing my taxes by paper at the time, but I was sure to steer clear of TurboTax after that garbage.

      Terrible company...

    2. Re:Get a free upgrade or a free replacement by Anonymous Coward · · Score: 0

      I prefer the former so Intuit knows they have an unhappy customer

      I think Intuit will be able to figure out that customers gave up on them:
      * When customers of 27 years no longer register a product.
      * When sales of TurboTax are a fraction of what they used to be.
      * When H&R Block reports incredible profits for the quarter.

      Yeah, they'll know without me wasting my time calling them. I am switching to H&R Block as they say they can import TurboTax files from last year.

    3. Re:Get a free upgrade or a free replacement by Anonymous Coward · · Score: 0

      I had used Quicken and TurboTax since the DOS days, but when they did this, I cut ties with Intuit and have never used any of their software again. And, I never will.

  10. Asked a question about stock ownership by hattable · · Score: 2

    and apparently "chicken" isn't valid input? 1/5 This new software sucks.

    --
    OMG facts!
  11. damage control mode by lophophore · · Score: 1

    It seems Intuit is now in damage control mode; apparently if you call them and bitch enough they will upgrade you to "Premier" for free.

    I've been a quickbooks customer for a long time, so I'm kind of used to the fleecing. I have never had a high opinion of Intuit the company; Quickbooks works well enough for the money, but if there was a reasonable alternative I would be gone in seconds.

    Intuit sucks.

    --
    there are 3 kinds of people:
    * those who can count
    * those who can't
    1. Re:damage control mode by StatureOfLiberty · · Score: 2

      Wow! If corporations are people too, Intuit appears to be acting like a very stupid one. It is painful to read their responses to the complaints on Amazon.

      For example:
      "As I've mentioned in many other places, you are NOT required to upgrade to Premier. You can still use forms mode to complete Schedule D and print/mail your return to the IRS. There is no forced upgrade or requirement that you purchase Premier."

      I literally was going to order TurboTax tonight. I've been using it for years. Not anymore.

    2. Re:damage control mode by Anonymous Coward · · Score: 0

      I use QuickBase quite frequently, it's a pretty powerful platform.

    3. Re:damage control mode by Shakrai · · Score: 1

      Quickbooks works well enough for the money, but if there was a reasonable alternative I would be gone in seconds.

      If your company is small enough to use Quickbooks it's small enough to use GNUCash.

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
    4. Re:damage control mode by greg1104 · · Score: 1

      The best part is when the Intuit weasel tried to spin things his way in review comments, only to be moderated down to "Customers don't think this post adds to the discussion" invisibility. Quicken's quality has also plunged in the last five years, along with matching Amazon reviews. It's really sad to see such a formerly solid software brand swirling the toilet like this.

    5. Re:damage control mode by lophophore · · Score: 1

      I wish it were true. I've seen $30MM companies running on QuickBooks. Really. Not that mine is anything like that. Maybe I will look at GnuCash again.

      --
      there are 3 kinds of people:
      * those who can count
      * those who can't
    6. Re:damage control mode by operator_error · · Score: 1

      Switching to GunCash and away from Intuit Quicken was the best thing I could do for myself! GnuCash is fantastic is every way, whereas Quicken did everything they could do to make me their Bitch. Way back in the early nineties, I setup Quicken on the Mac to handle foreign currencies, which was a do-able hassle and I am amazed to find Quicken on the Mac *still* can't handle foreign currencies. But Quicken Windows could at least in the early 2000 when I made the move from Quicken Mac to Quicken Windows to gain such 'advanced features'.

      But the worst part is the business model Intuit has! They want charge me for the software, with frequent annual upgrades, while also charging 'participating banks' another fee for Quicken Export format of transaction data. Since I have banks in The Netherlands who won't buy into Intuit's US-centric game, had I not migrated away from Quicken Windows finally in 2008, I'd still be forced to enter every little transaction by hand, from all banks, credit cards, PayPal, etc., until the books are balanced. Thank Goodness GnuCash allows me to download these Dutch transactions in MT940 format!! And like QuickBooks, GnuCash allows me to create and track the invoices sent out. I can't say enough good things about GnuCash and can't say how much I hate Intuit and am so glad to be free from them after so much time and effort wasted while being trapped by them.

    7. Re:damage control mode by Sardaukar86 · · Score: 1

      Try xero.com. You may be pleasantly surprised.

      --
      ..Mullah or Pope, Preacher or Poet, who was it wrote: "Give any one species too much rope and they'll fuck it up"?
    8. Re:damage control mode by Sardaukar86 · · Score: 1

      It's really sad to see such a formerly solid software brand swirling the toilet like this.

      As in all things, Greed Kills. :(

      --
      ..Mullah or Pope, Preacher or Poet, who was it wrote: "Give any one species too much rope and they'll fuck it up"?
    9. Re:damage control mode by CronoCloud · · Score: 1

      Good to hear that GNUCash has improved so much over the years.

      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.

      Thought that sounded familiar so I looked it up...Sneakers.. Though the quote I remember most is: "My name is Werner Brandes, my voice is my passport."

  12. hobby business by Anonymous Coward · · Score: 0, Insightful

    It's not worth hiring a cpa for a few grand but you still have to report it

    1. Re:hobby business by Anonymous Coward · · Score: 0

      whatever. i only take cash. fuck the governments need to feed off every dollar i make.

  13. Open Source Tax Preparation Software by GeneralSecretary · · Score: 1

    Has anyone ever tried to create an open source tax preparation software? It seems like a good candidate for open source software. The public could check it for accuracy and contribute better tax saving strategies to the greater public.

    1. Re:Open Source Tax Preparation Software by Herkum01 · · Score: 3, Informative

      As I recall the company was called the IRS. Yes that is right the IRS put out software so you could do your taxes.

      You know why you don't see it? Lobbying by tax preparation companies.

    2. Re:Open Source Tax Preparation Software by queazocotal · · Score: 1

      If the tax code was rational.
      The problems are that multiple levels of tax code interact in complex ways that vary with the exact addresses involved in the claim.
      So, you're not writing one codebase which does taxes, but in a very real sense, thousands.

    3. Re:Open Source Tax Preparation Software by jklovanc · · Score: 1

      One word; gaurantee. If the correct information is entered into a Turbotax and they make a mistake in calculation you can get re-paid for penalties and interest under their Turbotax accurate calculations guarantee. Open Source software can not do that.

    4. Re:Open Source Tax Preparation Software by Anonymous Coward · · Score: 0

      Simplifying the tax code would be better than trying to implement an open source tax preparation software.

    5. Re:Open Source Tax Preparation Software by pavon · · Score: 4, Insightful

      Tax preparation software is not a good candidate for open source software. You need domain experts (accountants and lawyers) to be involved to validate the interpretation of the Tax Code; open source projects have a difficult time attracting these sort of contributors. The law changes every year and if you don't keep on top of the changes becomes worse than useless; it becomes a liability. You have solid deadlines; you can't just release when it is ready.

    6. Re:Open Source Tax Preparation Software by Anonymous Coward · · Score: 1

      It only worked if you could do the short form of the 1040; if you itemize deductions as most people do, you were out of luck.

      Seriously, the problem with open source tax software is liability if something goes wrong. And the likelihood of being sued if you're the developer.

    7. Re:Open Source Tax Preparation Software by Anonymous Coward · · Score: 0

      That's the same reason why they don't send you the forms filled out with all the information they have like happens in some other countries. People already know that if they don't receive a form from somebody reflecting their accounts that the IRS probably hasn't received a copy either. So, if they're going to cheat the IRS, they're probably already doing so.

      But, what it would do is save a ton of work by taxpayers in preparing their taxes and sending the money they owe to the IRS.

    8. Re:Open Source Tax Preparation Software by NicBenjamin · · Score: 0

      More importantly, new tax software costs money. The government is out of money, Obama refuses to let the Republicans fire half the staff, and the Republicans refuse to let Obama double the tax rate.

      Since everybody hates the IRS when Obama/the GOP need $15 million for some really politically popular program they raid the IRS budget.

    9. Re:Open Source Tax Preparation Software by NicBenjamin · · Score: 2

      It is incredibly fucking complex.

      I work for a major tax prep company, and we're upgrading this year. The big bosses finally got sick of paying two guys to come out of retirement every year because nobody else understands a DOS Codebase.

      They've been trying to upgrade for about three years, but the program was never ready. Even today we'll have to switch over to the old DOS software for certain returns.

    10. Re:Open Source Tax Preparation Software by jimmyswimmy · · Score: 1

      I can't believe I haven't seen anybody point out Excel:

      http://www.excel1040.com/

      I've been using the worksheet he provides to do my taxes for about 5 years now. He asks for donations. It's incredible. It is literally an implementation in Excel of the 1040 form set, and it turns out that those forms are incredibly easy to use if you just automate the stupid parts (if line x is greater than line y, subtract and enter result, otherwise enter zero) and tie the worksheets into the file. It's awesome.

      It does not ask you a series of questions, it does not offer ways to help find deductions. It is simply an easy way to fill out the basic 1040 and damn near all of its schedules, and it turns out that doing that instead of answering an interview is really fast.

      --

      Just my $0.55 (US inflation, 1774-2008, for $0.02)
    11. Re:Open Source Tax Preparation Software by TuballoyThunder · · Score: 1

      It really is sad that the complexity of the tax code has gotten to the point that a computer program is the only practical way to file an error-free return for many people. The expenditure in time required to learn the tax code is not an effective use of time.

      The really unfortunate part is that I don't see the tax code getting simpler even if companies like Intuit stop lobbying against it. The tax code is used to redistribute wealth (e.g. the Earned Income Tax Credit costs ~$56B) and encourage certain types of behavior (homeownership, subsidies to energy companies). Congress likes to use the IRS as a de facto welfare agency.

    12. Re:Open Source Tax Preparation Software by Anonymous Coward · · Score: 0

      One word; gaurantee. If the correct information is entered into a Turbotax and they make a mistake in calculation you can get re-paid for penalties and interest under their Turbotax accurate calculations guarantee. Open Source software can not do that.

      Of course Open Source software could come with a guarantee, if you get it from a vendor.
      Are you confusing free software with open source?

    13. Re:Open Source Tax Preparation Software by Anonymous Coward · · Score: 0

      More importantly, new tax software costs money

      It would save scads and scads of money considering the dumb amount of time and money Americans waste on filing taxes each year.

    14. Re:Open Source Tax Preparation Software by Anonymous Coward · · Score: 1

      Tax preparation software is a good candidate for official government-created open-source software. The government's creating these laws; they should be able to create official software that implements the correct interpretation of them.

    15. Re:Open Source Tax Preparation Software by NicBenjamin · · Score: 1

      But only for the American people.

      It would cost the American government money. And in the current set of political circumstances it's virtually impossible to get the government to spend government money on anything new (altho doubling down on old spending seems to be quite popular).

    16. Re:Open Source Tax Preparation Software by toddestan · · Score: 1

      If you read the EULA on the commercial offerings, you'll find that you can't hold them liable if they do something wrong. Or if they advertise a guarantee, it's only guaranteeing that the program is free of math errors and nothing to do with the tax code.

      The real problem with an open source tax program is that it would be horrible drudge work translating the tax code into software code, and the software would only be useful for a relatively short time before it would have to updated requiring more horrible drudge work. It's not something that someone's going to do to "scratch an itch", even if someone attempted it, they'd never get it done in time. For most anyone who's interesting in contributing to open source, there's much more interesting things to work on.

    17. Re:Open Source Tax Preparation Software by rdnetto · · Score: 1

      I agree. This is really the sort of thing that the government should be doing - tax software is just the modern reincarnation of the forms. In Australia, they've been doing this for as long as I can remember, and it works brilliantly. (My only complaint is that it's Windows only, though they do have a new (more limited) website that can be used instead.)

      --
      Most human behaviour can be explained in terms of identity.
  14. Retrocharging by ourlovecanlastforeve · · Score: 2

    Yeah, this is a thing companies are doing to consumers now.

    It's also a big topic of conversation at the dinners I have to sit through with money-grubbing shitfaced sociopathic CEOs.

    It's called retrocharging.

    It works on the same model as MMORPG's and DLC except it's more insidious: The company threatens to take away something you already have unless you pay them more money.

    Comcast does this. They are now doing "account audits" after which they send you a letter telling you they're going to start charging for features they claim you have always had but haven't been paying for.

    1. Re:Retrocharging by toddestan · · Score: 1

      Well, technically since you have to buy TurboTax again every year, it's not like they took anything away from you. They just repackaged their software and now some features that previously were in the basic package are now extras. Kind of like finding out that the combo meal at the fast food place now doesn't include the drink.

      As far as Comcast is concerned, I'm almost convinced they purposely slap random charges they know are illegitimate onto people's bill and hope that people will just pay them. But then again, don't attribute to malice what can be explained by incompetence.

  15. The best 1-star software you can find by OrangeTide · · Score: 1

    So now that it's 1.5 stars, does that mean it's underrated? because it's still one of the best bits of software out there.

    --
    “Common sense is not so common.” — Voltaire
  16. Why do WE have to do it? by Anonymous Coward · · Score: 0

    The government makes the tax laws and could, in theory, check that everyone has paid correctly. So why do we have to do this yearly ritual? How about the bizarre game of guessing how much to deduct from your salery and how many exemptions it needs to be - just have the correct amount deducted automatically.

    Anyone with complicated finances, which would include any business, or who doesn't trust the government would still do it the same as now, but for most people it'd be far simpler.

    1. Re:Why do WE have to do it? by bobbied · · Score: 1

      The government makes the tax laws and could, in theory, check that everyone has paid correctly.

      They simply do not have enough information to do what you suggest. Unless they could track *every* transaction every taxpayer made, even when in cash, there is no way to be sure they could catch everything correctly.

      Also, *some* people make money but don't get a paycheck so there is nothing to deduct money from.

      --
      "File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
    2. Re:Why do WE have to do it? by nbauman · · Score: 2

      The government makes the tax laws and could, in theory, check that everyone has paid correctly. So why do we have to do this yearly ritual? How about the bizarre game of guessing how much to deduct from your salery and how many exemptions it needs to be - just have the correct amount deducted automatically.

      Anyone with complicated finances, which would include any business, or who doesn't trust the government would still do it the same as now, but for most people it'd be far simpler.

      Because as ProPublica reported, Intuit has spent over $11 million lobbying to prevent the IRS from offering us that service. That's why, every time we discuss electronic filing on Slashdot, we get posts from outside the U.S. saying, "Ha! Ha! Stupid yanks! We file our taxes automatically for free!! How's Obamacare going?" And the worst thing is they're right. We are stupid for letting corporations buy Congress and run the country.

      http://www.propublica.org/arti...
      How the Maker of TurboTax Fought Free, Simple Tax Filing
      by Liz Day
      ProPublica, March 26, 2013, 4 a.m

      Imagine filing your income taxes in five minutes — and for free. You'd open up a pre-filled return, see what the government thinks you owe, make any needed changes and be done. The miserable annual IRS shuffle, gone.

      It's already a reality in Denmark, Sweden and Spain. The government-prepared return would estimate your taxes using information your employer and bank already send it. Advocates say tens of millions of taxpayers could use such a system each year, saving them a collective $2 billion and 225 million hours in prep costs and time, according to one estimate.

      The idea, known as "return-free filing," would be a voluntary alternative to hiring a tax preparer or using commercial tax software. The concept has been around for decades and has been endorsed by both President Ronald Reagan and a campaigning President Obama.

      "This is not some pie-in-the-sky that's never been done before," said William Gale, co-director of the Urban-Brookings Tax Policy Center. "It's doable, feasible, implementable, and at a relatively low cost."

      So why hasn't it become a reality?

      Well, for one thing, it doesn't help that it's been opposed for years by the company behind the most popular consumer tax software — Intuit, maker of TurboTax. Conservative tax activist Grover Norquist and an influential computer industry group also have fought return-free filing.

      Imagine filing your income taxes in five minutes — and for free. You'd open up a pre-filled return, see what the government thinks you owe, make any needed changes and be done. The miserable annual IRS shuffle, gone.

      It's already a reality in Denmark, Sweden and Spain. The government-prepared return would estimate your taxes using information your employer and bank already send it. Advocates say tens of millions of taxpayers could use such a system each year, saving them a collective $2 billion and 225 million hours in prep costs and time, according to one estimate.

      The idea, known as "return-free filing," would be a voluntary alternative to hiring a tax preparer or using commercial tax software. The concept has been around for decades and has been endorsed by both President Ronald Reagan and a campaigning President Obama.

      "This is not some pie-in-the-sky that's never been done before," said William Gale, co-director of the Urban-Brookings Tax Policy Center. "It's doable, feasible, implementable, and at a relatively low cost."

      So why hasn't it become a reality?

      www.propublica.org/article/turbotax-maker-linked-to-grassroots-campaign-against-free-simple-tax-filing
      TurboTax Maker Linked to ‘Grassroots’ Campaign Against Free, Simple Tax Filing
      Intuit and its allies are continuing to work against proposals for what’s known as return-free filing.
      by Liz Day
      ProPublica, April 1

    3. Re:Why do WE have to do it? by nbauman · · Score: 1

      The government makes the tax laws and could, in theory, check that everyone has paid correctly.

      They simply do not have enough information to do what you suggest. Unless they could track *every* transaction every taxpayer made, even when in cash, there is no way to be sure they could catch everything correctly.

      Also, *some* people make money but don't get a paycheck so there is nothing to deduct money from.

      Actually they do have enough information. Other countries do it. As the ProPublica story explains, the reason the IRS can't do it is that Intuit spent $11 million lobbying to prevent it.

      http://www.propublica.org/arti...
      How the Maker of TurboTax Fought Free, Simple Tax Filing
      by Liz Day
      ProPublica, March 26, 2013, 4 a.m

    4. Re:Why do WE have to do it? by bobbied · · Score: 2

      You are mistaken. Even if the IRS COULD track every transaction, they wouldn't know enough.

      Given our current set of tax regulations it would be generally impossible for the IRS to figure out your tax liability by watching all your transactions. In many cases there are multiple options for the tax treatment of a transactions which may result in different tax liabilities. There are even non-financial transactions (ones that don't involve money changing hands) that can drive differing tax bills. And you cannot just say you will take the minimum liability every time because some times you WANT to pay more now for the opportunity to pay less later (Like a ROTH IRA). There is no way for the IRS to figure these choices out for you.

      This regulation difficulty plus the *fact* that it is totally impossible to track every transaction made by US citizens/tax payer world wide, makes it impossible for the IRS to just calculate your tax burden directly.

      Other countries have different ways to levy taxes than the USA. Where they may have the ability to track transactions and their regulations allow them to automatically collect taxes, such an option will not work here without a lot of very disruptive tax law changes. IMHO the tax code here is WAY too complex and needs to be simplified, but until that's done, there will be no "automatic" way to calculate and collect taxes and products like TurboTax will be viable. However, woe is the politician that attempts to overhaul the tax system, their opponents will howl about how unfair their simplification is or how it ignores this pet tax break or two and nothing will get done.

      --
      "File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
    5. Re:Why do WE have to do it? by barbariccow · · Score: 1

      Maryland sponsors a website for doing state income taxes (with certain exceptions) free on their site. It may cost a nominal fee to efile it. https://interactive.marylandta...

    6. Re:Why do WE have to do it? by Anonymous Coward · · Score: 0

      The government makes the tax laws and could, in theory, check that everyone has paid correctly.

      They simply do not have enough information to do what you suggest. Unless they could track *every* transaction every taxpayer made, even when in cash, there is no way to be sure they could catch everything correctly.

      Also, *some* people make money but don't get a paycheck so there is nothing to deduct money from.

      The majority of working people earn their income from wages reported directly by their employers and take the standard deduction, or qualify for AMT. The Feds absolutely have the information to calculate taxes and send a refund check (or a tax bill) for those people.

      People who have unreported earnings, or who need (or want) to itemize deductions could file a return as they do now, and you'd still reduce the IRS's workload by more than half.

    7. Re:Why do WE have to do it? by Whorhay · · Score: 2

      I think what Intuit actually blocked was the IRS providing a software solution similiar to all the other commercially available stuff. This would have effectively killed 90% of those commercial products business.

      The US government could very well setup a system like much of the rest of the 1st world uses. That is the government tells you what it thinks your taxes for the year should be, and since those taxes are already being withheld they have the money. You then get to tell them if you think the amount is correct or not, some systems don't even require your input and you only contact them if it's wrong. In the event that they owe you money you provide the documentation via forms and receipts or whatever showing that they owe you money. The USA could very simply do this for a very large chunk of the population. Your W2 and 1099's are all sent to the Fed anyways, they have all they need to calculate the form for most people. Currently whether or not your taxes are simple or complex you have to file all the paperwork, and hope they don't disagree. They should just figure it out and the taxpayer only interacts with the Fed in the event they think the Fed has it wrong.

  17. Douchebag company anyway by darronb · · Score: 4, Insightful

    They 'expire' the online features of their Quicken, etc software every few years, to force an upgrade. They have no need to do anything on their end with the online connectivity... it's all connecting directly to banks. It's crippling their software to force upgrades that add very little value (and usually add more bugs than improvements).

    They also at least at one point had 'problems' connecting to network printers that they had to go out of their way to detect, just to force upgrades to higher level software.... because, you know... people with network printers must be businesses.

    F--- them. There are very few people I actually despise, and the executives there certainly made the list.

  18. A fool and his money are soon parted by jgotts · · Score: 2

    The best way to do your taxes is with a ball point pen on tax forms that you've printed on your own printer. Just fill in the same stuff you did last year, recalculating or modifying the numbers where they've changed.

    Federal + state takes about an hour, and you're not paying anyone a penny, except for two stamps. You can do self-employment taxes and investment income yourself, and pretty much anything a typical Slashdot reader would ever need.

    Don't bother with "free file" unless you work in a state without income tax. That's where they charge you. Forget about H&R Block: Saves you no time whatsoever and they charge you a lot. If you make an honest mistake on your taxes, you can file revised paperwork. The IRS understands that people make mistakes. H&R Block doesn't "find you money." They do the same work you can do in an hour.

    If you happen to make well over a hundred thousand dollars a year, congratulations, you're not a typical Slashdot reader. Pay an accountant to do the job. Don't even think about doing your own taxes.

    1. Re:A fool and his money are soon parted by NicBenjamin · · Score: 2

      Whether a retail tax place is a good deal really depends on two things:

      1) How good you are at following instructions written in simplified legal English.

      2) How much you're depending on these taxes to be exactly right.

      1) is much harder for most Americans then you'd think. The phrasing is quite complex. You have to immediately pick up on whether a line is asking you to use Adjusted Gross Income or Modified Adjusted Gross Income, etc. As Engineers most Slashdotters could probably do it. OTOH, as Engineers, with absolutely no instruction in the field, many many Slashdotters would totally fuck it up and file a completely wrong return due to the Dunning-Krueger Effect. There is a reason the IRS insists everyone who works at a retail tax office take 15 hours of Continuing Education Credits after taking 150-200 hours in class instruction on the subject.

      Now if you start from a form prepared by a retail tax place, and your life hasn't changed much (i.e.: having a kid changes your taxes completely, as does switching over to being a contractor from an employee), this will work fine even if you don;t know what you're doing.

    2. Re:A fool and his money are soon parted by Anonymous Coward · · Score: 0

      Well, you can do the exact same things with free tax software, takes 5-10 minutes, free e-file for federal (which is a lot of people) and you can snail mail the state return if you want. I've just saved 50 minutes, a stamp and a hand cramp over your method.

      There is absolutely no good reason to paper file. I'd be surprised if we don't see people penalized for doing it in the next 10-20 years.

    3. Re:A fool and his money are soon parted by aaarrrgggh · · Score: 1

      If you have capital gains it isn't really worth preparing yourself anymore. If you are in the top 5% of earners it isn't worth preparing yourself. If you have anything (legitimate) that makes you an audit risk you shouldn't prepare yourself.

      For the first two years I used a CPA I needed to prepare everything myself, give him the information he requested, let him do his magic, check his magic, get changes made, repeat. Everyone should know enough to understand how the calculations work and go from there; if your tax is too high or too low, ask a lot of questions!

    4. Re:A fool and his money are soon parted by aaarrrgggh · · Score: 1

      And, as an engineer, if you understand the mathematical term "combine," then you should not be touching your own taxes...

    5. Re:A fool and his money are soon parted by Anonymous Coward · · Score: 0

      Federal + state takes about an hour, and you're not paying anyone a penny, except for two stamps.

      Wow, you must have simple taxes! I typically only pay a few thousand in taxes but I have to file dozens of pages of forms. If I'm lucky, I can assemble the relevant documents over the course of a few weeks and then input all the data over the course of a long weekend.

    6. Re:A fool and his money are soon parted by Darinbob · · Score: 1

      One hassle is that every investment transaction is a line to be entered on the tax form. Which means ball point pen won't cut it and you'll need to either print or e-file. And it doesn't take much for thus. Just investing in a fund means you'll have a big slew of transactions at the end of the year. Sometimes lots and lots of things purchased for $20 and sold for $19-$21. And each one of them is another line to be included.

    7. Re:A fool and his money are soon parted by CronoCloud · · Score: 1

      Don't bother with "free file" unless you work in a state without income tax. That's where they charge you.

      That's where they charge you if you don't live in a state that has it's own system bypassing the tax preparers, like Illinois does.

      So I free-file the federal, and go to Illinois own website to do the state, and I don't pay a thing.

    8. Re:A fool and his money are soon parted by omnichad · · Score: 1

      Except you have to be careful which vendor you do your free e-file with. Some will charge for a PDF copy of the federal. So when you want to do the Illinois return and it asks for line 38 on your 1040, you have to pay up.

    9. Re:A fool and his money are soon parted by toddestan · · Score: 1

      If you're comfortable filling out the forms yourself, just use the free fillable forms:
      http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free

      They say it's for over $60k but in reality anyone can use them. Free e-file, or you can print them, or you can save as PDF. Doesn't require using any toner or cost you a stamp if you e-file.

      I only wish I could have something similar at the state level. If they want to require that I have to go to a third party and pay up if I want to e-file, they can deal with my dead tree return, which certainly costs them more money anyway.

  19. Schedule C is not Only for Business by NicBenjamin · · Score: 4, Informative

    If you have a side-job that doesn't withhold you are legally required to report it as a business. That way Self-Employment taxes get calculated properly, and you get credit with Social Security administration. The only out is if you earned less then $400. Then you're exempt from Schedule SE.

    Which means that if you make $500 helping a caterer do big banquets, or even if you work for a cheap-skate who does't like withholding, you've got a Schedule C. You have to have some records of whatever expenses you paid to do the job (this is pretty much the only way you can deduct commuting mileage), you have to put them on the form, the whole nine-goddamn yards.

    Schedule D is less common, but not as rare as you'd think. It;s where you report stock sales, so any Slashdotter who lived the dream of a successful start-up has filed quite a few of these. Most of Mitt Romney's income is actually reported on a D, because he pays himself with stock from his company, which he holds for a long time, which allows him to take advantage of the very low long-term Capital Gains rate.

    Schedule E is the rare one. It's only for landlords.

    1. Re:Schedule C is not Only for Business by LynnwoodRooster · · Score: 3, Insightful

      Schedule E is the rare one. It's only for landlords.

      Have a few friends living in your house with you, and they pay some rent towards mortgage? You're the landlord, you need a schedule E. Likewise if you have a sole-individual lease and sublease out a room or two to friends/roomies...

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    2. Re:Schedule C is not Only for Business by Anonymous Coward · · Score: 0

      i imagine most people in those scenarios do the exchange on the down-low... kind of sketchy, but very likely. the "underground" cash economy, avoiding taxes, for otherwise-legal goods/services is not insignificant.

    3. Re:Schedule C is not Only for Business by NicBenjamin · · Score: 1

      So it's more common then I thought, but still not very common.

    4. Re:Schedule C is not Only for Business by Thng · · Score: 1

      even if you work for a cheap-skate who does't like withholding, you've got a Schedule C

      No, you (the worker) probably have a worker classification problem. Because someone calls you an independent contractor/Schedule C doesn't make it so. It's a facts and circumstances test that goes beyond how you're paid and go more to the level of control.
      A short discussion regarding who might be an employee vs. independent contractor.

    5. Re:Schedule C is not Only for Business by LynnwoodRooster · · Score: 1

      It's about 32% of all households a lot more common than most people think.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    6. Re:Schedule C is not Only for Business by NicBenjamin · · Score: 1

      Many of those 32% are adult kids moved back home (who generally pay minimal rent), or have everyone on the lease.

      Moreover, I just took the Schedule E class, and nobody talked about this. So I wouldn't worry that the IRS is gonna target roommates. Almost all of these would be break-even because the rent taken from the roommates is equal to the rent given the landlord.

      Now if you own the House, then you should probably do a Schedule E.

    7. Re:Schedule C is not Only for Business by Solandri · · Score: 1

      the very low long-term Capital Gains rate.

      This is a widespread misconception. The Federal income tax is graduated, so being in the 25% bracket doesn't mean you pay 25% income tax. It means you pay 0% on the first $6,200 (standard deduction), 10% on the next $9,075, 15% on the next $27,825, 25% on the next $52,450. This means if you make less than $56,937, even though you're solidly in the 25% tax bracket, your actual tax rate is less than 15%. Meaning the capital gains tax rate is higher than your regular Federal income tax rate.

      If you itemize, the threshold income level is even higher. In fact if you look at IRS tax stats (2012, column T), the $100,000-$200,000 bracket pays just 12.7% of their gross income as taxes. The $200,000-$500,000 bracket pays 19.6% of their income as taxes. So on average you need to make somewhere around $200,000/yr to end up paying 15% in income taxes. If you make less than that and are paying more than 15%, you are atypical.

      The 15% long-term capital gains tax rate is only "very low" relative to the income tax rate of people in the far upper tax brackets. Basically those making over $500,000 (24% of gross income paid as taxes). You'll see the 15% capital gains rate skewing things for people making $2 million or more. Their actual income tax rate is lower than people in the $1 million bracket-$2 million bracket, steadily declining to 19.8% by the time you're in the $10+ million bracket.

      Basically, this says that the capital gains tax rate needs to be graduated just like regular income tax rates. It saves too much money for people making $2+ million, reducing their overall income tax rate to below that of people making $500,000-$2 million. And it actually discourages people making less than about $200,000 from investing - because the capital gains tax rate ends up being higher than their regular income tax rate.

    8. Re:Schedule C is not Only for Business by NicBenjamin · · Score: 1

      Which is a lot of paperwork, and at the end of the paperwork you have a) royally pissed off your boss b) you are still on the hook for your half of the Social Security/Medicare taxes AND c) you still haven't had anything withheld for your Federal taxes.

      Don't get me wrong. Getting reclassified is almost certainly the smartest option by far, but less screwed by the boss is still screwed by the boss.

  20. Hi Intuit, bite me! by Anonymous Coward · · Score: 1

    Been a long time customer, but no more. TaxACT 2014 looks good, and at reasonable cost if you want the upgraded version.

  21. I ditched TurboTax years ago by cnaumann · · Score: 1

    One year they includes a 'feature' that locked the version to a single computer. I had used Turbo Tax up until then but ditched it when they pulled that stunt. I have never looked back.

    How many versions do they have now? And WHY?

    1. Re:I ditched TurboTax years ago by Anonymous Coward · · Score: 1

      About 8 years ago I think. I actually bought turbotax up til then. After that I have been using taxact free and been happy with it.

    2. Re:I ditched TurboTax years ago by SuiteSisterMary · · Score: 1

      Through means of what was, essentially, boot-sector malware, if I recall correctly.

      --
      Vintage computer games and RPG books available. Email me if you're interested.
  22. Intuit's MBA's have ruined the product by hwstar · · Score: 2

    I switched to TaxAct last year as the discounts I got from my e-stock brokers were severely curtailed. What happened this year doesn't surprise me in the least.
    I have schedules D and E, and the only issue with TaxAct that I had 2013 taxes was the State E-filing option. I ended up filing state using paper.

  23. I've never liked Intuit by steveha · · Score: 1

    A few years ago, a relative bought a new laptop that came with Windows Vista. She asked me for help putting her QuickBooks onto it.

    Her version of QuickBooks simply wouldn't run on Vista. So I went to the store to buy an upgrade. I carefully studied the feature lists on the boxes for the various versions, trying to figure out which one she needed. For $100 I got some version ("Express" or "Starter" or something like that). It had all the features she needed and was $100 cheaper than the next version.

    It turned out that it was missing one key feature: it didn't support upgrading! It would have been fine for her if she had started out with it, but because she was upgrading from an old version, she had to get the $200 QuickBooks. That's right, her reward for being a long-time customer was to pay $200 instead of $100 for a version that would run on Vista. (And it really didn't say on the box that upgrading wasn't supported. I had to figure it out... when I couldn't find an "import" dialog in the menus, I searched their web site; and I found a knowledge base article that plainly spelled out that importing was a feature reserved to the $200 and above versions.)

    If I ever start a home business, I'll run it on some open source system. No Intuit products for me, not ever.

    --
    lf(1): it's like ls(1) but sorts filenames by extension, tersely
    1. Re:I've never liked Intuit by Voyager529 · · Score: 1

      If I ever start a home business, I'll run it on some open source system. No Intuit products for me, not ever.

      Obnoxiously, this is a situation where Open Source is still "note quite there". Quickbooks casts a pretty wide net in my experience, from the sole proprietor whose wife does the data entry, to the $30 million/year medium business that has a finance department and is using one of their enterprise editions, to "basically every accountant ever", who has quickbooks because all of his business clients have a quickbooks file that they e-mail him in order to have their taxes done. Now one of the reasons why Quickbooks is as popular as it is, is the fact that it's like Facebook - everyone uses it because everyone uses it. Even Microsoft failed back in 2007 when they tried to take them on.

      The single reason why I see OSS have issues with the small business accounting software department is the fact that every title I've seen is double entry. GNUcash is, Xtuple is, and odoo is. Quickbooks is single entry, and populates the charts of accounts for you. I wanted Xtuple to work for me, but double entry accounting is a bit of an enigma to those without formal accounting training. One could argue that people who do the books should be familiar with regular accounting practices, but Intuit has made a fortune from nixing that requirement. Gnucash is a simple Installshield wizard, but Xtuple and odoo have their own issues in that they require networking experience as well (more so odoo; I think it's possible for Xtuple to do a fully local install). Most businesses, be it construction, interior design, small auto repair, landscaping, cupcake baking, etc...they don't exactly have someone familiar with both configuring a PostgreSQL server AND double entry accounting on their payroll...thus, Quickbooks again fills that void.

      Intuit needs competition.The best they have right now is Xero, but they (and many of their competitiors) are web based SaaS titles that don't offer a self hosted option, at any price. I'm surprised that no one has come up with a solid, single-entry accounting title, be it either half the price, or full-on OSS. There's money to be made there, and right now, Intuit is getting it.

  24. Free for some Vanguard Customers by Anonymous Coward · · Score: 0

    And I'm not one of them. And for $10 you can get the Download to the desktop. Since my Father-in-law gets it that way, I just use his copy to do my taxes.
    Cheap.

  25. Yeah, whatever, I used them by Anonymous Coward · · Score: 0

    I used them to calculate my stuff once, from then on (since most tax stuff doesn't change year-to-year) I just used the old forms to recalculate my new taxes.

    With that said, why the fuck are taxes so complicated in the US? There are many options used in many countries that make it simple. I guess it's the same as universal health care: "too complicated", in other words your governments, the supposed intelligent elite meant to lead us, are too stupid to copy better systems invented by better people. OK...

  26. Dirty Little Secret by hwstar · · Score: 3, Informative

    The governments of most advanced countries provide free on-line income tax preparation for thier taxpayers. Not so in 'Murica it where it is "monetized".
    There is quite a powerful American lobby (Intuit mostly) in place to keep things that way. This is perfect example of what happens when outfits such as faux news brainwash americans that no good can come from a government run program of any kind. The other advanced countries do not charge anything as they see it as something in thier best interest.

    1. Re:Dirty Little Secret by bcoff12 · · Score: 0

      Sorry, we were raised to take care of ourselves after we left our parent's homes. But if you need your hand held, be glad you live somewhere where that is possible.

    2. Re:Dirty Little Secret by hwstar · · Score: 2, Interesting

      No hand holding required. (That is unless you are the one who is insecure) This is just something that the citizens of other countries expect from thier governments
      and Americans have been conditioned to be "Exceptional individualists" to the point that they are getting robbed blind by opertunistic business entities.

      Typical American. Took it completely out of context as usual. Can't tou see that companies such as Intuit are RENT SEEKERS. Geez.

    3. Re:Dirty Little Secret by mrbester · · Score: 5, Insightful

      Sorry, I live in a country where if they want to tax me they make the effort to work out what I have to pay instead of expecting me to do their work for them.

      --
      "Wait. Something's happening. It's opening up! My God, it's full of apricots!"
    4. Re:Dirty Little Secret by LynnwoodRooster · · Score: 1

      In most countries, making an honest mistake on your taxes doesn't expose you to criminal prosecution. In the US, you sign an affidavit on penalty of perjury that everything is accurate to the best of your knowledge. And if there is an error (and the tax laws are so conflicting and obfuscationary that there is ALWAYS an error), you have to essentially prove it was an honest mistake, not a purposeful action. Innocent until proven guilty doesn't apply to tax law/tax courts - it's guilty until proven innocent.

      In the US, tax laws are complicated to buy off constituencies, reward donors, and criminalize every single taxpayer.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    5. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      Sorry, we were raised to take care of ourselves after we left our parent's homes. But if you need your hand held, be glad you live somewhere where that is possible.

      Sorry, we 'Mericans were raised to be dependent on Big Brother and we can never escape our overlords' watchful gaze.

      But if you do not want your hands tied behind your back, be glad you live somewhere where that is possible.

      FTFY.

      Sorry, we were raised to take care of ourselves after we left our parent's homes.

      Quite the opposite.

      http://www.realityzone.com/hiddenagenda2.html

      Toward the end of the 1920's, the Endowment grants to the American Historical Association $400,000 for a study of our history in a manner which points to what can this country look forward to in the future. That culminates in a seven-volume study, the last volume of which is, of course, in essence a summary of the contents of the other six. The essence of the last volume is: The future of this country belongs to collectivism administered with characteristic American efficiency. That's the story that ultimately grew out of and, of course, was what could have been presented by the members of this Congressional committee to the congress as a whole for just exactly what it said. They never got to that point.

      http://truth-out.org/news/item/6021-forprofit-kaplan-university-pays-executives-a-quarter-billion-dollars-courtesy-of-students-and-taxpayers
      http://www.csmonitor.com/USA/Latest-News-Wires/2015/0110/How-does-Obama-s-community-college-plan-work-video
      http://www.washingtonpost.com/local/education/education-department-releases-framework-for-rating-us-colleges-and-universities/2014/12/18/b8d4a4b8-86e4-11e4-9534-f79a23c40e6c_story.html

      http://www.wested.org/study-khan-academy-on-community-college-students-algebra-achievement/
      (khan academy is committed to mastery learning)

      http://en.wikipedia.org/wiki/Mastery_learning

      http://www.deliberatedumbingdown.com

      We were raised to brainwash ourselves with our own tax dollars. The UN is our parent, and we can never leave.

      There is quite a powerful American lobby (Intuit mostly) in place to keep things that way.

      Yup. Private interests running the public government, holding the public hostage.

      No different than bank bailouts. No different than auto mfgr. bailouts. Private interests holding the gov. hostage, the gov.
      bows down and does their bidding (ignoring the public) every single time.

      This is perfect example of what happens when outfits such as faux news brainwash americans that no good can come from a government run program of any kind.

      I have no love for faux news...but collectivist brainwashing comes from the Dept. of Edu. and the UN, in partnership with business interests.

      If faux news fans all march in lockstep and repeat the same tired cliches without doing any of their own research, I consider that a symptom
      of the times, not the cause.

      Government run programs in 'Merica are rarely that. They tend to be pushed by private interests (a.k.a communism or corporate fascism if you prefer that term) ... most "government run" programs are nothing more than siphoning off public (taxpayer) money into private hands.

      Faux news is many things...but I wouldn't blame this on them. The treason goes back much further, much deeper.

      Americans are thoroughly convinced that:

      -- what is the corporate interest IS in the public interest
      -- what is good for private companies IS good for the government

      It is not so much Americans are against government-run programs...they think corporations literally are "the government" and the only reason for a government to exist. If anything, they demand the government prop-up private companies time and time again, and wage war on the public and taxpayer.

      The only explanation is "americans" nowadays are corporate

    6. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      Pretty much everything bcoff12 says is a lie.

      Unless you were raised by millionaires and attended private schools, sheltered from the outside world and not forced to comply to
      globalist aims, your idea of "raised" is different from the vast majority of Americans.

      I will say, my parents are both government employees, so my angle might be different than most as well.

      Sorry, we were raised to take care of ourselves after we left our parent's homes.

      That is just not the typical American experience, has not been for a long time.

      If anything, many Americans are raised to depend on a church or depend on "God" and taking care of yourself
      is obsolete. Collectivism through and through, everywhere you turn.

      School + family life + elsewhere.

      Americans are raised to do what their government tells them to do, or they do not graduate, do not get the
      good "job" (pre-planned "in demand" communist assignment) and must suffer a lifetime of poverty.

      Really, typical "American" raising is

      "without a high school diploma, you are NOTHING" and nowadays
      "without a degree you are NOTHING"

      the vast majority of Americans do not start their own businesses, but simply go with the flow.

      Why do you think your experience is so typical? What proof do you have that your background is anything
      typical of how the average "American" is raised?

      The average "Americans" I have met all hate it and want to go to Canada.

      Or they are happy to commit crimes because at least then they get a room and regular meals.

      Or they don't give a #$$@# if they live or die.

      What makes you think your background is typical AT ALL of the "average American" ?

      My experience and many others I have met, the entire "raising" process in America is just a matter of getting you suckered in
      and dependent on others, everyone should trust the government, you are nothing without government-controlled education,
      etc.

      The "average American" is starving, so it is ok to rob you to feed their kids. That is the "average American" at this point.

      The "average American" dropped out of school, never worked a day in their life, and thinks the world owes them everything.

      Your experience is just not typical, in my experience. Collectivism at every turn, is what America has become.

    7. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      Criminal prosecution is expensive and rarely pursued by the IRS if they can avoid it, and just have you pay up for what the mistake would have cost (or sometimes less, if that is less of a hassle than trying to squeeze money out of someone who doesn't have it).

    8. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      The "average American" is content to watch "exception individualism" erode for the past 100 years or so, with their own tax money.

      The "average American" is happy to have 3-letter secret police with no public budget and no public goals both run
      things domestically and assassinate foreign leaders, in secret.

      MAYBE if the "average American" is lucky, when we are all dead, a heavily-redacted report will be released.

      You will have to excuse bcoff12 ... he/she is just completely blind and making up crazy stories that Americans care about "individuals"
      anymore.

      Tell us, bcoff12

      -- who does the CIA and NSA answer to?

      Remember when Nixon got impeached, because no man is above the law?
      Remember when "W" got in trouble for illegal spying without a warrant, because no man is above the law?
      Remember when the NSA promised that no data is being collected, and then they admitted that metadata was being
              collected, so they all went to jail?

      In Bcoff12's fantasy land, that's how things went down!

      How DARE you ruin bcoff12 imaginary world with your "facts" and "truth!"

      If bcoff12 says that "Americans" are "exceptional" and "individualists" and running their own government, then that is a fact,
      end of story.

      Otherwise, you are a commnist faggot who doesn't believe in God. Probably a terrorist too!

      Welcome to America rest of the world, land of make believe garbage and fairy tale stories that have no basis in reality
      whatsoever.

      We just write history however we want, regardless of what actually happens. This is INNOVATIVE don't you see?
      That American ENTREPENEURISM you hear so much about!

      We just make up crap, all day long! Go AMERICA!

    9. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      Well, I guess the initial (good) idea was that if a taxpayer prepares the documents himself, he can account for all possible deductions and breaks that the government may not (and should not) know about. This allows the taxpayer to present the best possible case. The trouble, of course, is in the details. First and foremost of those details is Byzantine complexity of the tax system. I live in one state and work in another, so even if I don't claim any special deductions, I have to submit three sets of tax documents each year. And the interplay of tax codes between the states is sometimes outright crazy. Don't even get me started on Alternative Minimum Tax, which in my view is a direct admission that the tax system is broken, but instead of replacing it they just added another epicycle.

    10. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      So how is self employed handled? Cash in hand work? Does that sort of thing not exist? Where the hell are you?

    11. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      You make a fine point, but by saying "typical american" at the end, you kill any (admittedly small) chance that the person you were talking with might consider your point.

    12. Re:Dirty Little Secret by Sardaukar86 · · Score: 1

      Still your flapping jaws you muppet, his point is that it's another avenue to criminalise otherwise law-abiding citizens.

      --
      ..Mullah or Pope, Preacher or Poet, who was it wrote: "Give any one species too much rope and they'll fuck it up"?
    13. Re:Dirty Little Secret by don.g · · Score: 2

      In New Zealand, income from a job where you are an employee (most people) is handled by a system called PAYE (pay as you earn). It's automatically deducted from your pay.

      Bank account interest is handled by RWT (residents witholding tax), automatically deducted from your interest. If you're not in the top tax bracket you need to tell your bank, or they will overtax you.

      Every year you can, if you wish, ask for a "personal tax summary" which states income and tax. If you paid too much tax, e.g. if you took unpaid leave, said overpayment will automatically be refunded. If your RWT rate was wrong you can ask for a refund of that, too.

      If you made donations you send in a form (1 page) with receipts, and get a refund.

      If you're a small business/self employed/etc then yes, you have to work out how much tax you are supposed to pay. But most people aren't in that situation.

      Isn't that what IT people do? Optimise for the common case?

      --
      Pretend that something especially witty is here. Thanks.
    14. Re:Dirty Little Secret by fgouget · · Score: 1

      Sorry, we were raised to take care of ourselves after we left our parent's homes. But if you need your hand held, be glad you live somewhere where that is possible.

      So what do people who don't need hand holding need tax software or CPAs for?
      Grownups who can actually take care of themselves report their income directly to the 'IRS', either on paper for neanderthals or online for homo sapiens. Isn't it only little kids who still live with their parents who need someone else to do everything for them?

    15. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      When the government provides a service for "free", it usually costs more than when a similar service is provided by a company. Competition is a good thing. You must have been educated at a government school.

    16. Re:Dirty Little Secret by Taylor123456789 · · Score: 0

      The U.S. I.R.S. does provide free fillable forms online. I've been using it for years because I got sick of the TurboTax wizards I had to walk through for hours. Better than Turbo tax, and you get the instructions straight from the IRS instead of a summary from Intuit.

      https://www.freefilefillablefo...

      *the forms have not been uploaded yet, and won't be until January 20 if you go to the site now.

    17. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      The system in the US actually works similarly, except that you're required to file the forms even if you don't want to actually adjust anything. The IRS absolutely has the technical ability to handle the common cases automatically, but there is enough of a commercial/political alliance that Congress requires things to be artificially difficult. Tax preparers and tax preparation software vendors want it to be difficult so that their services/products have value, and anti-tax politicians want it to be difficult so that people are routinely reminded to hate taxes.

    18. Re:Dirty Little Secret by Anonymous Coward · · Score: 0

      The IRS doesn't actually provide those forms. They're provided by "Free File Alliance, LLC" which is chiefly run by -- you guessed it -- Intuit and H&R Block. This service is offered in exchange for the anti-citizen tax policies that prop up the preparer/software business.

      Also, there are (were?) actually two Free File Fillable Forms sites, which are at different domains (.com and .org I think) and maintain independent user databases. IIRC, one of them is run by a division of H&R Block and the other is run by a division of Intuit.

  27. Greedy, and horrible customer service by Timmy+D+Programmer · · Score: 1

    Time for the competitors to undercut them.

    --


    (If at first you don't succeed, do it different next time!)
    1. Re:Greedy, and horrible customer service by greg1104 · · Score: 2

      Intuit has a near monopoly with Quicken, and a major draw of TurboTax is having data flow into there trivially from the program that's already tracking your bank statement each month. If they still had viable competitors, they wouldn't be trying these tactics.

  28. Jealousy may have caused this? by uncqual · · Score: 1

    Maybe the tax software development department at Intuit got jealous of the Quicken software development department.

    Perhaps the tax folks saw the Quicken folks changing the colors in Quicken X++ and tweaking a few settings to make sure that online banking no longer worked for older releases and coming out with a new version every year with little work. Then they looked at the actual work (gasp!) they have to do every year to conform to new tax laws and decided to find some way to extract more money to keep up with the Quicken scam.

    [Actually, I suspect there's just a cron job at Intuit that makes these software "upgrades" to Quicken automatically every year. They probably don't even have to hire a contract programmer. Unfortunately (for Intuit) someday someone will unplug the dusty old 286 machine in a closet somewhere that does this work because they assume it must not still be in use and Intuit will realize too late they didn't come out with a Quicken #### that year.]

    --
    Why is there an "insightful" mod and why isn't it "-1"? If I wanted insight, I wouldn't be reading /.
    1. Re:Jealousy may have caused this? by greg1104 · · Score: 1

      Unfortunately (for Intuit) someday someone will unplug the dusty old 286 machine in a closet somewhere that does this work because they assume it must not still be in use

      The price increase is actually to offset how much it costs them to keep its Netware server running.

  29. Maybe it's tax code complexity and not greed by schwit1 · · Score: 0, Troll
    Tax preparers discover that Obamacare adds so much paperwork to their work it isn’t worth it to do it.

    About two-thirds of the way through the morning I questioned the whole process. I stated that if someone walked into to my office who was receiving the [Obamacare subsidy] that I would not accept them as a client. The cost of preparing the paperwork to get them properly qualified to receive the benefit would exceed anything I could reasonably charge them. The instructor, a fine fellow from Iowa, stated he unfortunately had to agree with me. So now tax preparers will have to decide whether to accept clients based on our health care system — just like doctors.

    There’s lot more. Read the whole thing.

    1. Re:Maybe it's tax code complexity and not greed by Anonymous Coward · · Score: 0

      yeah, that author who is a REPUBLICAN (and not just a little guy voter, but is in the political system) does not like something about obamacare.

      well, color me surprised and SHOCKED!

      (now excuse me while I throw up)

    2. Re:Maybe it's tax code complexity and not greed by Anonymous Coward · · Score: 0

      The author:

      Bruce Bialosky is the founder of the Republican Jewish Coalition of California

      And you don't suspect some bias?

      I did a google search for "Does obamacare make taxes harder" and it took four pages before I found a link that wasn't either a left or right wing blog or news source.

      http://www.cbsnews.com/news/how-obamacare-could-delay-your-tax-refund/
      There is a lot less doom and gloom on that page, even if it does looks like some of those forms will be delayed getting to you.

    3. Re:Maybe it's tax code complexity and not greed by Anonymous Coward · · Score: 0

      i read that, and am wondering... how many forms, and how much time, is it expected to take to properly claim that credit/subsidy? if the credit is worth a couple hundred bucks (?? no idea...), and maybe a few forms and 30 min per client.. are tax-prep folks really going to charge a couple hundred bucks for that effort? that seems like a major rip off right there...

    4. Re:Maybe it's tax code complexity and not greed by Anonymous Coward · · Score: 1

      This is largely FUD to cover up that their profit models take a hit.

      For years tax prep people have made a boatload off people who can file a 1040-EZ, but out of their own fear and confusion pay a prep firm $50-$150 to fill out the simple one page form for them. It's easy money.

      But, many of those people are now taking an ACA subsidy to get health insurance. The subsidy can't be done on a 1040-EZ, so those folks now have to file a traditional, more complex 1040. It doesn't take a lot more time, and it isn't unprofitable, but rather than clearing a $75 profit per person they are going to clear a $20 profit per person.

      To anyone already filing a 1040, the additional work is _minutes_, and will make no statistical difference in the cost.

  30. So are taxes easier by jpellino · · Score: 2

    or harder than spelling?

    --
    "Win treats sysadmins better than users. Mac treats users better than sysadmins. Linux treats everyone like sysadmins."
    1. Re:So are taxes easier by Anonymous Coward · · Score: 4, Funny

      or harder then spelling?

      Fixed it for you.

    2. Re: So are taxes easier by Anonymous Coward · · Score: 0

      No, it's a comparison, so it is than.

    3. Re:So are taxes easier by Anonymous Coward · · Score: 2, Insightful

      If there is a +1 Informative mod, why isn't there a -1 Wrong option? :|

    4. Re: So are taxes easier by Anonymous Coward · · Score: 0

      Whoosh!

    5. Re:So are taxes easier by Anonymous Coward · · Score: 0

      or harder than spelling?

      I'm sure it's harder than knowing the difference between spelling and grammar.

    6. Re: So are taxes easier by ruir · · Score: 1

      Fuck the damn kids writing whoosh in slashdot.

    7. Re:So are taxes easier by Anonymous Coward · · Score: 0

      or harder then spelling?

      Fixed it for you.

      Wow. fixed it wrong... Brilliant, really gets your point across :)

    8. Re:So are taxes easier by Anonymous Coward · · Score: 0

      fixed it wrong.

  31. Too Late for me DRM killed it a decade ago by Gim+Tom · · Score: 1

    I dumped Turbo Tax for a competitor when they used DRM at least a decade or more ago. I do my own taxes with TaxAct and have been using it since then. I am retired and have Social Security, some retirement income from a defined benefit plan that is still around and investment income. I could afford to hire a CPA or anyone else to do my taxes, but I don't want to. I use the process as an opportunity to review my investments and how they impact my taxes and make changes that benefit ME. As a retired engineer the way taxes are calculated drives me nuts, but what do you expect when Lawyers try to do math?

  32. a good one, interviewed and double-checked by raymorris · · Score: 1

    My first two accountants were referred by my friends who had businesses, saying these CPAs were good. Both were grossly incompetent. The didn't know about basic things any small business needs to do like section 179 deduction and gave me an absolutely wrong answer when I asked how to account for home office expenses. Their errors would have cost me a few thousand dollars, had I not caught them.

    The second one couldn't even get the right social security numbers on the W2s, filed late and didn't tell me, etc.

    If I'm going to have to study all of this tax law and understand it, then go over everything in detail to see where they screwed up, why wouldn't I just do it myself to start with? What am I paying them for?

    If you do get a CPA for a small business ask them about section 179. If they don't explain it in a way that indicates they thoroughly understand it, find another CPA.

  33. Use TaxAct instead by Anonymous Coward · · Score: 5, Informative

    Link

    It is much cheaper, has equivalent features, and better technical support than TurboTax. I started using this back when TurboTax added horrible DRM to their offering, and have never looked back.

    1. Re:Use TaxAct instead by bhlowe · · Score: 2, Insightful

      Agree. TaxAct kicks ass. Should of hired them to implement the Health Exchange website.

    2. Re:Use TaxAct instead by brainboyz · · Score: 2

      I made the switch too. Was a little different, but mostly the same interface.

    3. Re:Use TaxAct instead by hudsucker · · Score: 3, Informative

      TaxAct (download) doesn't support OS X.

    4. Re:Use TaxAct instead by LVSlushdat · · Score: 2

      Sure runs great on Linux with Wine or CrossOverOffice....

      --
      THANK YOU, Edward Snowden!! Americans owe you a debt of gratitude (whether they know it or not..)
    5. Re:Use TaxAct instead by pesho · · Score: 3, Informative

      I switched to them couple of years back when Intuit decided that it will not allow web browsers running linux to the online version of TurboTax. Beats me why they did it. It worked perfectly the previous years. Anyway, TaxAct is cheaper and does the job just as well.

    6. Re:Use TaxAct instead by Anonymous Coward · · Score: 1

      Can I import TurboTax data into TaxACT?

    7. Re:Use TaxAct instead by NVW55V · · Score: 1

      Taxact is good enough that I actually paid for it this year, even though I didn't have to.

    8. Re:Use TaxAct instead by Anonymous Coward · · Score: 0

      Last year, the on-line version did fine with Chrome on Linux. (IIRC, it needed Flash).

    9. Re:Use TaxAct instead by Eddi3 · · Score: 1

      FYI, I just filed for free on TurboTax in Chrome on Linux. This may have been true years ago, but no longer.

    10. Re:Use TaxAct instead by rjune · · Score: 1

      I switched years ago and it is just as easy and convenient as Turbo-Tax. It costs a lot less too. Companies occasionally attempt a massive price increase, not understanding that there are alternatives. A massive loss of sales and market share will be the slap in the face that Intuit needs to be reminded that this is a competitive market.

    11. Re:Use TaxAct instead by rjune · · Score: 1

      You should spend your time on google: "import turbo tax data into taxact"
      Numerous article come up, try:
      http://www.taxact.com/tsupport...

    12. Re:Use TaxAct instead by Anonymous Coward · · Score: 0

      Can second this, runs fine.

    13. Re:Use TaxAct instead by neurovish · · Score: 1

      I switched to them couple of years back when Intuit decided that it will not allow web browsers running linux to the online version of TurboTax. Beats me why they did it. It worked perfectly the previous years. Anyway, TaxAct is cheaper and does the job just as well.

      They had something screwed up last year at the beginning of tax season, but fixed it towards the end. Their support page looked like it was refreshingly flooded with complaints from Linux users. I tried filing my taxes early and ran into the "browser not supported" error that I couldn't get past, then jumped through some support hoops before deciding I didn't need to file taxes just then anyways. By the time I tried again in April, it was fixed. Which is a moot point now, since I'm not going to pay twice as much for their software this year.

    14. Re:Use TaxAct instead by neurovish · · Score: 1

      So, the answer is "no". TaxACT will only do OCR on a PDF.

    15. Re:Use TaxAct instead by mossmuncher · · Score: 1

      Do it online. I've used them for over 10 years (the last 8 or so on macs) and its great

  34. In partial defense of Intuit by Anonymous Coward · · Score: 0

    I was forced to upgrade from Deluxe to Premier because I had sold mutual funds from a non-tax advantaged account. I didn't like it, but not unreasonable to me. Intuit decided to try to make more money. Most companies do. Given that, I think their approach was reasonable. Try to get the folks who probably make the most money to pay more. For the schedule D, I don't think you need Premier for:
    * Buying stocks or mutual funds.
    * Mutual fund dividends or year-end capital gains. They do support this portion of sch D in Deluxe.
    * Selling 401K or IRA assets. These are not reported on schedule D.

    Most Americans do not have non-tax advantaged accounts.

    To me it makes more sense to me to increase the cost of those few who use additional forms rather than increase the cost for all users.

    I do agree with the person suggested that Intuit should have sent emails to folks who purchased Deluxe last year. They do ask for an email address when to register with them. Intuit did indicate on their site that the rules had changed. But I just ordered the version I had last year from Amazon without looking at the TurboTax site. I suspect a lot of others did the same thing.

  35. So don't buy it by jcbarlow · · Score: 1

    I switched to the equivalent H R Block product years ago. Works just as well and costs less.

  36. Hiring a CPA is like buying money and time. by sls1j · · Score: 1

    I remember doing taxes one year. I'd spent all day at it. I was unsure I'd done it properly and came out owing around $100 in taxes. On the suggestion of a friend I hired a CPA. He gave me a 30 minute interview, took my various tax related papers, had me sign a few things, and that was it. In a week or two he reported back to me saying I'd be receiving a $1,500 tax return. It only cost $150. It's the best investment I've ever made. I have never done my taxes without a CPA since.

    1. Re:Hiring a CPA is like buying money and time. by iamacat · · Score: 2

      Yes, but it takes a week to find papers and reset passwords for direct import from bank/brokerage accounts. If you have a hardcopy of everything in one place, filing by yourself is dead simple too.

  37. Wonder if they will do the same in Canada by CanadianMacFan · · Score: 2

    I've been using their tax software for years and haven't looked into their offering this year because I found an alternative that lets you pay what you want to, including nothing, after you have filed. It's at simpletax.ca in case anyone is interested. Now I just need to find an alternative for my company taxes.

    1. Re:Wonder if they will do the same in Canada by Anonymous Coward · · Score: 0

      Does your data get uploaded to that website? Keeping it offline seems much more desirable

      I've been using a free (donation supported) tax software called Studiotax (http://www.studiotax.com/en/). CRA also lists two other free offline versions, as well as two free online ones at http://netfile.gc.ca/sftwr-eng.html so I just can't see why anyone would ever pay for tax software in Canada.

      (Also.. after a brief google search for the US, I feel like Canada's CRA is destroying the IRS in terms of ease of use..)

    2. Re:Wonder if they will do the same in Canada by CanadianMacFan · · Score: 1

      Yes, they keep it encrypted on their site. I came across their software because I ran across their app for the iPad and gave it a try.

  38. Not surprising... by Anonymous Coward · · Score: 0

    I used Quickbooks many years ago for a small business, on the advice of my accountant. Three years later, the software which had met my basic needs just fine, stopped working. It was all I needed, still ran fine, but purposely stopped connecting to my bank, unable to further download any data. Forced obsolescence courtesy of Intuit. Last product of theirs I have ever owned.

  39. YES! I remember that! by Anonymous Coward · · Score: 0

    YES! I remember that! To this day I still use H&R Block's TaxCut because of those bastardy shenanigans!

  40. Just canceled my order by John+Jorsett · · Score: 1

    I had just submitted an order for Turbotax on Amazon, then came here and saw this. I just canceled that order while I assess what to do about this situation. Hope Intuit loses a lot of business.

    1. Re:Just canceled my order by Anonymous Coward · · Score: 0

      H&R Block software is what everyone is switching to. Quite simply, it's a better value,

  41. AC FAIL! by Anonymous Coward · · Score: 0

    You ARE retarded. He was pointing out that YOU don't know how to spell so you certainly shouldn't be doing your own taxes nor tell anyone else what they need to be doing. Since you can't even follow a simple conversation, I most wholeheartedly agree you shouldn't be doing your own taxes, nor even typing on the internet, moron.

  42. It's a lot harder than you think! by Anonymous Coward · · Score: 0

    It's a lot harder than you think! Especially when you start trying to figure out the child tax credit, the alternative minimum tax, etc etc.

    H&R Block Tax cut will run you $15 practically everywhere for the Basic edition, which is really all you need. Saved me $900 my first year off the credits alone -- they were purposely obtuse in the 1040 documentation!

    Just copying your tax data-file over to a new name and playing what-if games in TaxCut can save you a bundle. My federal taxes used to be only a few thousand a year thanks to playing around and finding what I could deduct (mortgage was a big one) and what I could get credit for.

    One caveat: When things get complicated, and the dollar figures get large, ask around and hire a pro! There's a lot of very specialized knowledge out there that you're not going to find in cheap mass-market software. Especially if you're running your own business, self employed, managing trusts, etc.

  43. Lobbies against simplification by evann · · Score: 2
  44. Tax Cut is buggy as hell by Anonymous Coward · · Score: 0

    Speaking as a long time tax cut user who finally had enough and switched in 2013...

    Tax Cut is now owned by H&R block. The software is buggy and terrible; gigantic mistakes made, autofiling errors...

    Please do yourselves a favor and not use it.

  45. Brutal Company by TheRecklessWanderer · · Score: 1

    I have never been a fan of Intuit. They have highly questionable business practices and I feel are very lacking in business ethics. Their competitor is much the same. At least here in Canada there is no decent company providing any accounting software. Make your own I say, at least you know who's douching you then.

    --
    Mean what you say...say what you mean.
    1. Re:Brutal Company by Anonymous Coward · · Score: 0

      I have never been a fan of Intuit. They have highly questionable business practices and I feel are very lacking in business ethics. Their competitor is much the same. At least here in Canada there is no decent company providing any accounting software. Make your own I say, at least you know who's douching you then.

      Only company I've ever seen whose "Import to Excel" function required an ACTUAL WORKING COPY OF EXCEL on the machine. Because it was pure OLE program-ro-program, no option for an export to XLS or CSV so you could send it to another computer straight from their software.

      Also, they offshored development and support eons ago. Can you really expect people from a country that doesn't have to deal with the US tax system to be experts on it?

  46. Open question if it even supports OS X browsers by SuperKendall · · Score: 2

    There is a support page for TaxAct that mentions there is no Mac version, and instructs you to try the web version instead...

    But at the end it says:

    "Also, please ensure you are using the latest version of Internet Explorer "

    Rather hard since Microsoft discontinued that for the Mac years ago!

    At least the system requirements page is accurate, mentioning the three major modern browsers on the Mac...

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
    1. Re:Open question if it even supports OS X browsers by omnichad · · Score: 3, Informative

      Their web app is fine. I run OS X and have used their site for years. Didn't even realize they had a download version.

    2. Re:Open question if it even supports OS X browsers by tlhIngan · · Score: 1

      Their web app is fine. I run OS X and have used their site for years. Didn't even realize they had a download version.

      Doesn't that sorta twinge at you though? I mean, tax software via the cloud is nifty and supports basically everyone, but it's the cloud. And it's accessing (and probably storing) some of the most valuable data around - your tax records.

      People on /. already cringe at putting personal files up "in the cloud" and they're willingly putting their tax information in a cloud service?

    3. Re:Open question if it even supports OS X browsers by omnichad · · Score: 1

      If you're going to e-file at the end anyway, it's a relatively moot point.

    4. Re:Open question if it even supports OS X browsers by omnichad · · Score: 1

      And that's not mentioning that the desktop client can just as easily push whatever it wants to the cloud, too.

  47. Income too low by Anonymous Coward · · Score: 0

    = $500/yr write off to have a professional save you time and money by insuring accuracy is peanuts if you truly aiming at being self employed.

    Consider that if you as a self employed entity consider yourself an expert at your craft then It makes about as much sense for you as a non tax expert to do do your own taxes as it likely does for the person's who hire you to do the task they are hiring your expertise for themselves.

  48. Anyone remember the Mac partition distruction? by RogueWarrior65 · · Score: 1

    A few years ago, Intuit released an "update" to Quickbooks for Macs. Upon installation, poof, there goes your entire partition table. Completely unrecoverable. In my case, I happened to be on a business trip and had to get my backup drive FedExed to me. Did Intuit offer to pay for that? Nope. Rat bastards.

    Now, I'll grant you that Intuit doesn't seem to give a crap about the Mac but having switched over to the Windoze version of Quickbooks so I could get the Manufacturing edition features, I've come to the conclusion that they don't give a crap about their Windoze customers either given their track record of ignoring enhancements or additions to core functionality and instead trying to push people onto the web.

  49. After using Turbo Tax for years by Anonymous Coward · · Score: 0

    I have used Turbo Tax for 15 years.
    Now they can blow me...
    Fucking greedy pricks!!!

  50. Or H&R Block by Sycraft-fu · · Score: 2

    I haven't used their equivalent of the deluxe version, but the standard one has worked well for me for quite a few years and costs less than Turbo Tax.

    1. Re:Or H&R Block by Whorhay · · Score: 1

      I used H&R Block for years because I was plainly speaking lazy. Then a few years ago the wife said she wanted to try doing it ourselves to save a bit of money. I had heard about TaxAct here on ./ I think and so we tried it and have been using it ever since. We have to use some deluxe version because we itemize, state taxes, and whatever the investment income form is. I think our fee is under $40 for the whole thing, and the software is easy enough to use with plenty of feedback for stuff that doesn't add up.

    2. Re:Or H&R Block by Sycraft-fu · · Score: 1

      Ya it looks like a good choice as well. Either of them are cheaper and better than Turbotax :P.

  51. Most people just don't bother by Sycraft-fu · · Score: 1

    Not what they should be doing, but the IRS doesn't seem to care much to go after people for it. I can see it too, given that usually you'd end up close to even. While the money you charge is income, you can deduct the space used, expenses, etc, etc. As such I doubt there is a lot of extra taxes to be had for people with roommates and so the IRS doesn't do much in the way of enforcement.

  52. Also not everyone has taxable investements by Sycraft-fu · · Score: 1

    What I mean is some places still offer defined benefit pensions. Those are investments, but they don't count as a normal investment does for tax purposes. You don't report on them or their value since you have no access to the money during your term of employment. So no need for a form for that.

    1. Re:Also not everyone has taxable investements by Streetlight · · Score: 1

      If you have an IRA or SEP, the manager of those accounts will report the Fair Market Value (FMV) as of Dec. 31, of the account each year to the IRS and you'll get a copy of the report sent to the IRS. I assume this is so the IRS will know if the accounts have had non-taxable additions in excess of that allowed by law and whether Required Minimum Distributions have been taken. If RMDs have not been taken there is a 50% tax on the amount not taken in any year. These FMVs don't have any consequences for reporting taxes, though folks need to pay attention to them.

      --
      In a time of universal deceit, telling the truth is a revolutionary act. George Orwell
    2. Re:Also not everyone has taxable investements by Sycraft-fu · · Score: 1

      I'm talking about large pension plans. My employer (a university) has one of those. It is mandatory, they simply withhold part of your salary (and match it dollar for dollar) as a condition of your employment. If you work to retirement, it then pays out a defined benefit monthly, which is taxable. If you do not, you can roll it over to an IRA or other account, which can vary int terms of tax liability.

      However while you work there, you don't report it, other than a check box that says you are participating in an employer retirement program. You have no access to the money, there's no provision for loans or anything, so it does not count as a gain of any sort. So even though you are having a sizable chunk invested on your behalf (12% of your salary matched so 24% total) it doesn't count as an investment that would need any schedule of reporting because you aren't actually investing it, just paying in to a defined benefit plan.

  53. Something you're all forgetting by Veritas1980 · · Score: 0

    1: self employment tax forms should be in the version of the software that is meant for self-employed people. I am not defending intuit, being that they likely did this for money reasons, but it does make a bit of sense.

    2. fees paid for tax prep can be deducted. so you're getting the money back anyways. Most people who are self employed or have such income are going to be doing itemized deductions. so why complain about it so much if you're getting all the money back anyways?.

    1. Re:Something you're all forgetting by cerberusti · · Score: 1

      They already made some people get the expensive version, it is just more people now. I had to use the business version last year as my tax situation tends to be more complicated than most (and it still takes an entire day despite the software.) I was using a CPA before that, but I grew tired of the errors (for which I am still liable) and decided to do it myself from now on.

      I think you misunderstand how a deduction works. It does not directly reduce your taxes, it effectively reduces your income for purposes of calculating your taxes. This works out to a 10% - 40% effective discount on the item in question if you can deduct it, but you do not get all the money back.

      --
      I'm a signature virus. Please copy me to your signature so I can replicate.
  54. User other software? by Guspaz · · Score: 1

    I don't pretend to know much about the American tax system, but I use TurboTax for my taxes in Quebec (where I have the privilege of basically doing my tax twice because the provincial and federal government each have complete sets of tax forms to fill out, but only in Quebec). TurboTax standard costs $18 and is what around 82% of people use (based on the number of reviews for each version). But if I didn't want to use TurboTax, there are something like 20 other tax programs out there, many of them cheaper, some of them free.

    So, what's the big deal? Don't like what TurboTax charges, use something else.

  55. Congress should not be allowed to use CPAs by Snotnose · · Score: 1

    Wanna simplify the tax system? Declare anyone in Congress must do their own taxes. No CPAs, no accountants, no advisers. I'd be tempted to say no tax software, but that might be going to far.

    Guarantee, within 1 year taxes will be greatly simplified.

    1. Re:Congress should not be allowed to use CPAs by SuiteSisterMary · · Score: 1

      This should be standard for quite a few things. Call it the 'eat your own dogfood' provision.

      Easier to just slap on term limits, though. Members of Congress (or Parliament or any other elected representative) are supposed to be representatives, not an aristocratic subclass.

      --
      Vintage computer games and RPG books available. Email me if you're interested.
    2. Re:Congress should not be allowed to use CPAs by Anonymous Coward · · Score: 0

      Wanna simplify the tax system? Declare anyone in Congress must do their own taxes. No CPAs, no accountants, no advisers. I'd be tempted to say no tax software, but that might be going to far.

      Guarantee, within 1 year taxes will be greatly simplified.

      Yeah, that's what they said about healthcare, the military, the VA, etc.

      The only problem with that is that the only entity that can subject Congress to laws is Congress itself.

  56. time for open-source, no-cost tax software by Anonymous Coward · · Score: 0

    It is probably time for people to get together and develop an open-souce, no cost tax software. I think Intuit and other tax companies have made quite a bit of money and that is fair. It is not unfair anymore for crowd-developed no-cost tax-preparation software.

  57. You have got a lot of reasons to love Intuit by ruir · · Score: 1

    How the Maker of TurboTax Fought Free, Simple Tax Filing http://www.propublica.org/arti...

  58. No sympathy by msobkow · · Score: 1

    If a $40 is a make or break cost for someone self-employed, they should get a regular job. Expenses are expenses. They're write-offs. The same for investments.

    Seriously, we're worried about a bunch of whiners bitching about less than the cost of a tank of gas -- even with the recent price cuts at the pumps?

    Shit. I'm on disability and I still often spend more than that on one meal.

    --
    I do not fail; I succeed at finding out what does not work.
  59. If the tax laws were not so broken... by Lumpy · · Score: 1

    none of us would need this crap.

    11% flat across the board, single sheet of paper that can be filled out in less than 10 minutes. DONE.

    Other than the rich assholes that have been hiding their money whining about it 90% of america would benefit from this. Why are none of you demanding it from your senators?

    --
    Do not look at laser with remaining good eye.
  60. Government website? by gatzke · · Score: 1

    If the government wants us to pay taxes, why doesn't the government set up an online system so that we can pay our taxes without this added fee?

    H&R block does it, Turbo Tax does it. The government still allows you to pay using magnetic tape.

    1. Re:Government website? by CronoCloud · · Score: 1

      If the government wants us to pay taxes, why doesn't the government set up an online system so that we can pay our taxes without this added fee?

      The IRS is actually forbidden by law from doing so. They have to, by law, hand you over to Intuit/HRblock/etc. (The IRS free file site is basically just a gateway to the preparers)

      However, Intuit/HRblock/etc weren't quite able to prevent some states from doing so.

  61. Not my problem by Anonymous Coward · · Score: 0

    Why in the world would I want to help them out after this, when I could just switch to Tax Act and never look back?

  62. If you're in Canada by Anonymous Coward · · Score: 0

    I don't know these guys but I use studiotax in canada. It's free, but they accept donations.

    I give a donation every year for their efforts and for almost all home uses its fine. I never tried to do any businessy stuff with it

    http://www.studiotax.com/en/

  63. With all this uproar by drainbramage · · Score: 2

    With all this uproar it sounds like TurboTax has become the ObamaCare of tax software.

    --
    No brain, no pain.
  64. Hmmm by Anonymous Coward · · Score: 0

    Well then this year I may just go to the library and get the forms I need. I'll go through the online program just to make sure I don't miss any of the current changes, and then fill out the forms manually. Turbo Tax can go fornicate with a cactus.

  65. Stop complaining and do something about it? by Anonymous Coward · · Score: 0

    I switched to TaxACT last year because of this exact behavior by Intuit.
    I actually ran through the numbers twice last year, once in TT and another in TA. Both numbers matched.
    I'm done dealing with Quicken for life.

  66. Too many haven't been paying attention by Anonymous Coward · · Score: 0

    H&R Block software (previously Taxcut) has been a better deal for several years now, and instead of adding stumbling blocks, it has gotten easier to install and update. TaxAct is probably an even better deal. I have only tried the free version, which is fine for simpler returns. H&RB doesn't do anything wonderful, but neither do any of the others. Overwhelming market share usually results in arrogance, and that's what's happened with Intuit.

  67. I have a STEM PhD by peter303 · · Score: 1

    And I can do my own taxes, thank you. The software was helpful for correct arithmetic.

    TaxSlayer had these online forms free last year plus free efiling, AMT and NIT.

  68. On the other hand... by kirk444 · · Score: 1

    I'm expecting this comment to be very buried, but there is sort of a silver-lining. TurboTax will offer you 110% of your refund (for download/disc versions, 105% for online versions) if you take it in the form of an Amazon.com gift card. It doesn't take long for that to more than recoup the cost of the software, even if you have to move up a tier. What's more, Amazon is offering discounts for Prime members. If you're pushed (yes, I know, it hurts) into the Premier tier now, that is $54.99 for the download version. There will be an extra charge for the state file, if you so choose (but why bother). If you choose to get $600 of any tax refund as an Amazon GC, you've just recouped your $54.99, and come out $5.01 ahead (because you're getting $660 gift card for your $600 return portion). From there, every $100 more you put on that gift card is another $10 in your pocket. You can even have Amazon create an order report for you to see what you spent last year. I don't know, it's hard to get that upset about $10-$20 increase in costs for their software when they're giving me 10% bonus on anything from $100 to $10,000.

    1. Re:On the other hand... by barbariccow · · Score: 1

      If I wanted to spend all my money on Amazon... maybe I have car payments, or want to go out, or take a vacation, or buy a dog, or any of the other multitude of reasons not to want my money linked to Amazon. No way! That is totally bogus. What if you got paid DIRECTLY in amazon gift cards?

  69. Not that simple by Anonymous Coward · · Score: 0

    Taxes, for a lot of people are possible to figure out from the forms/instructions.

    Part of compensation is sometimes stock or shares, even when it's a small amount, it can be a pain, depending how the company structures it.

    Lots of people are "landlords", meaning they couldn't sell their house for what they owed and have tenants. Getting that to get reported/deducted properly (hey, guess what, assets depreciate, figure it out), isn't trivial.

    One of the major DIY software's had me over-pay by a significant amount one year, and under-pay another year . . . the year I went to someone to prep for me, it said I had a $6k bill . . . it was something like $300. There is value in having a human do/help with your taxes, even if you pay them.

    I had a CPA do them one year when it was simple and he charged me $500 -- the guy that helped me out (above) charges $300 and does it as a hobby (he's a CFA) since he has to know all of the tax laws anyhow. In my case, worth it.

  70. Commercials! by saleenS281 · · Score: 1

    How else are they going to pay for all those commercials they've been running during the playoffs? That ain't free!

  71. Maryland doesn't need additional software, or pen by barbariccow · · Score: 1

    If you live in maryland, you should know the comptroller site contains both iFile (for individual) and bFile (for business). https://interactive.marylandta...

    Opens Jan 20th.

  72. You don't need a CPA unless you incorporated by Anonymous Coward · · Score: 0

    If you're self-employed, have investment income, or asset depreciation, you probably already do your taxes with a real CPA. If you aren't, you probably should.

    A CPA is a Certified Public Accountant. Unless you are incorporated, you don't need one. The only thing that a CPA can do that a regular accountant can't is sign off on a quarterly audit of a corporation. That's it. That's why CPAs exist.

    It's fine if you want to get a third party to do your taxes for you. That can make sense, particularly if you don't like accounting. But there is no reason to pick a CPA over another accountant unless you need corporate services. A CPA is the accounting equivalent of an MCSE or other certification. It exists because the government is not qualified to really check whether someone is qualified for a job. So they created the certification as a substitute for real qualifications. A CPA is someone who is qualified to pass the certification test. That's it.

    All that said, it's all right if you choose a CPA as your accountant. Many accountants will get the certification because it allows them to accept more kinds of work. But you shouldn't assume that a CPA is automatically better than a non-CPA. In many cases, it won't be true. Part of the problem is that for the really good CPAs, they are probably better off getting only corporate jobs and not taking individual clients. A really good non-CPA though can only take individual work. If you find such people, hold onto them. They may be reluctant to charge you what they're worth. After all, they know your finances.

  73. Forms are Free at IRS.gov - no need for TurboTax by pubwvj · · Score: 1

    The forms are Free at IRS.gov so no need for TurboTax. I've stopped using TurboTax. It is simpler to just do the paper forms. I download them from the IRS.gov web site for ___FREE___ and fill them out as PDF files (use your favorite program such as Preview on the Mac, Adobe Acrobat, etc) and then submit them. Easy peasy. No fees.

  74. Don't like it? Use H&R Block by Muad'Dave · · Score: 1

    I stopped using TurboTax when they decided they could write data outside my filesystem, as if it were their computer. I use H&R Block's TaxCut, and it's just as good as TurboTax ever was.

    --
    Tiller's Rule: Never use a word in written form that you've only heard and never read. You will end up looking foolish.
  75. I love some of the Amazon review responses by Anonymous Coward · · Score: 0

    By M in SC (Santa Cruz, CA USA)
    Even in the high-priced Premier version, Schedule C is crippled -- limited to $100 of deductions in a couple of expense categories. I.e. only good for a tiny hobby business, and maybe not even that.

    Bob Meighan, VP TurboTax says:
    That['s] because most simple C filers receive a Form 1099-MISC that requires them to file Sch C even if it is for a one-off job or a temporary consulting job. For them, they really don't have expenses. That was the reason we provided the simple Sch C filing functionality in all TurboTax products from Deluxe up.

    Well, Bob, "the simple Sch C filing functionality" would not have placed any limits on deductions. Somebody had to do some work to code that "$100 feature", making it more complex that it would have been.

  76. Upgrade is $30, not $40 by Anonymous Coward · · Score: 0

    I just got my free upgrade to Premier. The charge, which they waived, is $30 if you already have Deluxe. This provides Schedule D, which is the one I needed. I'm not sure whether it provides C or E, though.

  77. Inuit??? Seriously??? by Anonymous Coward · · Score: 0

    There are still people around who use Inuit's crap instead of Xero???

    Bizarre!

  78. Deluxe was never sufficient for me....Let them cry by Anonymous Coward · · Score: 0

    Tell it to the birds.

  79. I switched to by Puppet+Master · · Score: 1

    TaxAct a couple of years ago, because Turbo Tax could not properly do the Schedule K I needed. TaxAct had no problem with it, and it ended up being cheaper anyway. So no big loss here.

    --
    The day Microsoft creates a product that doesn't suck, it will be known as the Microsoft Vaccuum Cleaner!