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Posted: 4/9/2006 8:15:00 AM EDT
Wow!

Went from OWING $1,770 to getting $868 BACK!

DEDUCTIONS, baby! DEDUCTIONS!

DAMN I love that program!





I now return you to your regularly-scheduled Sunday morning!

P.S. - I still need a life!
Link Posted: 4/9/2006 8:19:38 AM EDT
go buy yourself a hooker you'll feel better
Link Posted: 4/9/2006 8:20:14 AM EDT
Turbo Tax roxxor!!

Takes about 20 minutes when you have all your info in hand.

I did it on the fill in the blank forms....once...never again!!
Link Posted: 4/9/2006 8:22:11 AM EDT

Originally Posted By Hellhound:
I did it on the fill in the blank forms....once...never again!!



Sweet Jebus! Are you NUTS?

The walkthrough feature is the best thing since Beachead came out for the C-64!
Link Posted: 4/9/2006 8:23:34 AM EDT

Originally Posted By Zaphod:

Originally Posted By Hellhound:
I did it on the fill in the blank forms....once...never again!!



Sweet Jebus! Are you NUTS?

The walkthrough feature is the best thing since Beachead came out for the C-64!




It was friggen' painful!! This was before I had a computer and too poor to pay someone to do it for me.
Link Posted: 4/9/2006 8:29:03 AM EDT
[Last Edit: 4/9/2006 8:29:41 AM EDT by Zaphod]

Originally Posted By Hellhound:
It was friggen' painful!! This was before I had a computer and too poor to pay someone to do it for me.



Oh!



I thought you had filled in the individual forms IN TURBOTAX!

Yeah, I've only filled it out by hand once, but that was 1040EZ way back when I was making peanuts.
Link Posted: 4/9/2006 12:37:37 PM EDT
My wife does taxes at a franchise place every year and the program they use is basicly Turbo Tax. The only reason tax offices stay in business is that people are stupid or lazy.
Link Posted: 4/9/2006 12:38:52 PM EDT
Just finished mine today with TurboTax, owe $178

TurboTax is great though, been using it for years.
Link Posted: 4/9/2006 12:55:05 PM EDT

Originally Posted By Zaphod:

Yeah, I've only filled it out by hand once, but that was 1040EZ way back when I was making peanuts.



So. You and that other famous Annapolis graduate, Jimmy Carter, were both in the peanut business?
Link Posted: 4/9/2006 1:04:12 PM EDT
Hopefully it will work for me - the most I have ever received back is $6.00.
Link Posted: 4/9/2006 1:06:24 PM EDT

Originally Posted By j-fonz:
Hopefully it will work for me - the most I have ever received back is $6.00.



That is actually good, to get your with-holding matching your actual tax bill. I see people at work all excited getting $2000 back, and wonder why they like loaning Uncle Sam 2K intrest free?
Link Posted: 4/9/2006 1:18:52 PM EDT
We've used TurboTax for years and generally I like it. However, I assume it will report any overrides to the IRS as part of the package it provides to the IRS at filing time. I pretty much figure that no overrides are needed as long as you accept TurboTax's interpretation of tax rules. Suffice it to say that I doubt if many competent tax attorneys feel threatened by TurboTax...although they may be by the IRS.

IIRC, Money magazine has (or had) a yearly competition/comparison where they gave the same "moderate complexity" tax scenario to a goodly (>20) number of "tax pros" to see how results matched. NONE ever matched. Who can tell for sure who was wrong and who was right given the incredible divergence of results? Just remember that you are playing by TurboTax's rules when you use it. This may be good or bad depending on your individual tax scenario.

The larger issue in my mind is that is literally impossible to know whether or not your return is 100% Ok assuming a return of moderate or higher complexity. This is because of the incredibly complex tax code that is literally impossible to follow.

Our present tax code (and the IRS for that matter) that make many wage earners "tax slaves" is an abomination. There are better alternatives. One such is explained here: www.fairtax.org. Nobody likes taxes, but there are better and fairer ways to approach taxation.
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