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God Bless Tax Cut!
By JLP | March 1, 2007
I have been using Tax Cut
No, it’s not for everyone. If your taxes are more complicated, you may want to skip the software programs and go straight to a CPA. Our taxes aren’t that complicated, so I feel perfectly able to do them myself.
Anyway, they’re done! Now it’s time to start planning for next year! (It never ends)
Topics: Tax Planning, Taxes | 14 Comments »
March 1st, 2007 at 3:39 pm
I feel the same way about Turbo Tax Online… but this year, I think I’ll be going to a tax accountant. I better get that taken care of…
March 1st, 2007 at 3:57 pm
Heh, and I’m a fan of Tax Act!
March 1st, 2007 at 3:58 pm
Turbo tax is my software of choice. I will not be doing my taxes till the last minute though.
March 1st, 2007 at 5:04 pm
I did all of my taxes through Tax Cut at the beginning of February, only to find at the end that there was no way to get the energy credits for our home repairs. I talked to tech support and they said they weren’t going to add that feature until the end of February. Not wanting to wait that long, I redid all of my taxes with TurboTax. (I only used the online versions) Both sites have their limitations, and I think that I enjoyed Tax Cut’s interface more than TurboTax. (e.g. TurboTax wanted me to enter every single out-of-state purchase, along with date, price paid, and a description, one at a time rather than just allow me to have figured it out in my spreadsheet already and just enter the lump amount like Tax Cut) It’s a hard choice, too, because once you commit to using one, it takes a lot of energy to try another one. On the upside, it’s free to try their online interfaces.
March 1st, 2007 at 6:22 pm
I’ve always used TaxAct, but I don’t like what it’s telling me this year, so I’ll just spend the extra cash to go to H&R Block directly to make sure I did them correctly this year (and last year’s too).
March 1st, 2007 at 6:36 pm
I tried tax cut this year. I’m kinda unimpressed. For schedule C and ESPP it leaves much to be desired when compared with turbotax. More precisely, turbotax has a bunch of worksheets (ie one for ESPP, to determine LTCG) tax cut has you compute this yourself. OK, it isn’t difficult, but my brain hates to work on the weekend.
I just wish turbotax wasn’t quite so expensive.
March 1st, 2007 at 7:16 pm
Not for me. It botched my e-file last year, and the navigation was very confusing. Since then I have been using Quicken, so I’m giving Turbo Tax a shot again this year. I’ve been pretty anal about tracking and categorizing income and expenses last year and am very interested to see how Turbo Tax will take advantage of the data. I’m looking forward to not having to estimate anything…we’ll see.
March 1st, 2007 at 7:19 pm
I never have tried any other program other than Tax Cut so I really can’t say if Tax Cut is better than anything else.
March 1st, 2007 at 7:22 pm
I’ve been having trouble with turbo tax this year; I can’t seem to get a reliable connection. As soon as I try to log in everything freezes and goes as slow as sin. Anyone else seen this?
March 2nd, 2007 at 3:26 am
I used Tax Cut’s online version until last year, when I had my taxes done by an accountant. The accountant cost $850 – and was rude to my wife – so we did our own taxes ourselves this year, using Turbo Tax.
March 2nd, 2007 at 11:34 am
I’ve usualy used software for my taxes, but this year they have gotten complicated enough (the joys of running a small buisness out of pocket) that I’ve hooked up with a CPA. He’s a nice guy, came highly recomended, and is easy to work with.
March 2nd, 2007 at 5:34 pm
You have another option besides a CPA. You can go to an enrolled agent which is someone that has taken a test administered by the IRS and can represent you in dealings with the agency. To find one, look up the enrolled agent association (I don’t know the exact address) website to locate one. EA’s can be just as competent as a CPA but at a reduced price.
March 3rd, 2007 at 7:00 pm
We have used TurboTax for years. Some years it has been awful, but this year’s is OK. My wife loves to do the taxes and she spends a lot of time with it. We usually efile within a week of getting the last 1099′s in the mail. This year’s refund has already been received and spent (on a vacation to Hawaii this summer).
January 27th, 2008 at 10:49 pm
All -
Here it is; 2008 and I’m faced with having to pay TurboTax higher prices.
Plus, it looks like (from ads I’ve seen) that TurboTax is not letting you ‘migrate’ from last year’s files to TurboTax Basic.
Our taxes are fairly straight forward. Two retired moss backs with some income properties.
Can anyone recommend cheapest place to get TurboTax and/or another program so we can get off the TurboTax merry-go-round of much higher prices each year?
Thanks – Jon