Author Topic: Tax Filing Questions  (Read 964 times)

SADShooter

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Tax Filing Questions
« on: January 19, 2011, 03:14:39 PM »
Still waiting for my W2, but thinking ahead. This will be the first single return I've filed for 10 years. Previous joint returns were filed by a tax accountant. I have my employment income and a very small invenstment portfolio. I'm unsure if my AGI will qualify for freefile. What is the best/easiest way for me to file electronically? Thanks.

SADShooter
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HankB

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Re: Tax Filing Questions
« Reply #1 on: January 19, 2011, 03:44:23 PM »
The two major commercial tax software packages - HR Block and Turbotax - will each include at least 1 e-file. Both come in various forms, depending on how complex your taxes are. (Read the package.)
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Jim147

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Re: Tax Filing Questions
« Reply #2 on: January 20, 2011, 08:41:15 PM »
I used Turbotax years ago. Then I went to Taxcut. Taxcut upset me so I switched to Taxact.

Taxact is an affordable  online service. I didn't have any problems with it last year.

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SADShooter

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Re: Tax Filing Questions
« Reply #3 on: January 20, 2011, 08:46:45 PM »
Thanks, gents. I'll research TurboTax and TaxAct.
"Ah, is there any wine so sweet and intoxicating as the tears of a hippie?"-Tamara, View From the Porch

Doggy Daddy

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Re: Tax Filing Questions
« Reply #4 on: January 20, 2011, 10:40:11 PM »
Another one here for Taxact.  Been using it for several years now. 

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zxcvbob

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Re: Tax Filing Questions
« Reply #5 on: January 20, 2011, 10:49:35 PM »
I used to use TurboTax but they pissed me off.  Now I use H&R Block (formerly called "TaxCut".)  Their federal basic version cost $15 and includes up to 5 e-files.  TaxCut used to sell the basic version at DollarTree stores with one free e-file, but I haven't seen it there in a few years.
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HankB

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Re: Tax Filing Questions
« Reply #6 on: January 21, 2011, 09:12:40 AM »
I used to use TurboTax but they pissed me off.  Now I use H&R Block (formerly called "TaxCut".)  Their federal basic version cost $15 and includes up to 5 e-files.  TaxCut used to sell the basic version at DollarTree stores with one free e-file, but I haven't seen it there in a few years.
Wally Mart usually sells the H&R Block product for $5 less than other places.

I used to use TurboTax, but they started playing games with the versions - if you had investment income, charitiable and other deductions, or had to deal with possible AMT issues, you had to upgrade to their uber-premium version which cost several times as much as their basic version. And for a year, they instituted an on-line activation process (allegedly to combat piracy) that seemed particularly onerous. But right around then, TaxCut came out and handled everything, so I switched to that. Wasn't quite as easy to use, but it came to exactly the same result, and was a LOT cheaper.

Now TaxCut is just H&R Block, and while they've decided to make it in several versions, it's still considerably cheaper than TurboTax versions with equivalent capability . . . and my impression is that they've improved ease of use; the only thing that gave me a little pause when doing my taxes last year was the AMT treatment.

The past few years, H&R Block tax software has been packaged with another program, Deduction Pro, which is supposed to be helpful in valuing your non-cash charitable contributions to places like Goodwill, Salvation Army, etc. Unlike the main program itself, I found Deduction Pro to be so buggy as to be unusable. We'll see if that's still the case this year.
Trump won in 2016. Democrats haven't been so offended since Republicans came along and freed their slaves.
Sometimes I wonder if the world is being run by smart people who are putting us on, or by imbeciles who really mean it. - Mark Twain
Government is a broker in pillage, and every election is a sort of advance auction in stolen goods. - H.L. Mencken
Patriotism is supporting your country all the time, and your government when it deserves it. - Mark Twain

zxcvbob

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Re: Tax Filing Questions
« Reply #7 on: January 21, 2011, 03:21:36 PM »
I've been using Tax Cut Basic (H&R Block Basic) for several years even though they keep trying to steer me to the Premium version.  I have investment income (mostly carryover losses), lots of itemized deductions, and Wife has a small business with a Schedule C and a little bit of capital depreciation.  The basic package handles it all just fine.  I think Basic just has less bells and whistles than Premium, which I find distracting anyway. 

H&R doesn't handle calculating estimated tax payments as well as TT, other than that I can't really find much difference.

(that TurboTax activation thing is the main reason I switched)
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