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TurboTax

1STmammal2wearPants1STmammal2wearPants Posts: 2,938
edited January 2008 in All Encompassing Trip
Thinking about purchasing this for mine and the fam's taxes. Is it as easy as advertised? How effective is it for taxes?
2003 Mansfield III 
2004 Boston I 
2006 Boston I 
2008 Bonnaroo, Hartford, Mansfield I 
2010 Hartford 
2013 Worcester I, Worcester II, Hartford 
2016 Bonnaroo, Fenway I, Fenway II 
2018 Fenway I, Fenway II 
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Comments

  • mookie9999mookie9999 Posts: 4,677
    1STmammal2wearPants wrote:
    Thinking about purchasing this for mine and the fam's taxes. Is it as easy as advertised? How effective is it for taxes?

    When I had a salaried position I used it and it worked quite well and was very user friendly. However, now that I am commission based I need my accountant like a drunk needs a drink. He needs to protect my ass with write offs, expenses, etc. that I couldn't, nor wouldn't want to leave in the hands of me and my computer.
    "The leads are weak!"

    "The leads are weak? Fuckin' leads are weak? You're Weak! I've Been in this business 15 years"

    "What's your name?"

    "FUCK YOU! THAT"S MY NAME!"
  • orig_long redorig_long red Posts: 2,029
    im an idiot and i can use it.

    it does most of the work for you, just pay attention and read every direction it gives you.
    Jam out with your clam out.
  • Indian SummerIndian Summer Posts: 2,296
    most of those tax programs are easy...step by step. Like Mookie said, it you have a basic salary, and don't do commission stuff, or don't itemize your deductions....these programs are most definitely for you. For the past five or six years I've used the H&R Block program.
    "It's all happening"
  • JOEJOEJOEJOEJOEJOE Posts: 10,513
    mookie9999 wrote:
    When I had a salaried position I used it and it worked quite well and was very user friendly. However, now that I am commission based I need my accountant like a drunk needs a drink. He needs to protect my ass with write offs, expenses, etc. that I couldn't, nor wouldn't want to leave in the hands of me and my computer.

    Very well-put. Turbotax is good if your taxes are simple, but if you are in a situation where you have expenses, a CPA can advise you regarding "grey areas". Turbotax wil advise re: expenses, but a good CPA will know what addtl expenses you may take, based on your specific profession.

    For example, I always have my entertainment clients deduct movies, magazines, cds & concert tickets as "research" expenses.

    It is similar to using a good lawyer...anyone can read the laws, but a good lawyer can help you stretch the laws either way in your favor.
  • mookie9999mookie9999 Posts: 4,677
    JOEJOEJOE wrote:
    Very well-put. Turbotax is good if your taxes are simple, but if you are in a situation where you have expenses, a CPA can advise you regarding "grey areas". Turbotax wil advise re: expenses, but a good CPA will know what addtl expenses you may take, based on your specific profession.

    For example, I always have my entertainment clients deduct movies, magazines, cds & concert tickets as "research" expenses.

    It is similar to using a good lawyer...anyone can read the laws, but a good lawyer can help you stretch the laws either way in your favor.

    Exactly! Just to show how important my accountant is to me is, he is located about 60 miles outside of Manhattan on Long Island. Yet I make the trip every year even though there's probably 25,000 accountants here in the city. Once you find a good one, you stay married to them!!!
    "The leads are weak!"

    "The leads are weak? Fuckin' leads are weak? You're Weak! I've Been in this business 15 years"

    "What's your name?"

    "FUCK YOU! THAT"S MY NAME!"
  • AllieAllie Posts: 2,908
    mookie9999 wrote:
    Exactly! Just to show how important my accountant is to me is, he is located about 60 miles outside of Manhattan on Long Island. Yet I make the trip every year even though there's probably 25,000 accountants here in the city. Once you find a good one, you stay married to them!!!
    are you willing to recommend him?
    Joe do you have any colleagues in NYC? Thanks! Oh and hi, btw. it's been a while. How was the London trip?
    "...like a word misplaced, nothing said, what a waste.."
    "Sometimes life should be consumed in measured doses"
    6-01-06
    6/25/08
    Free Speedy
    and Metsy!
  • mookie9999mookie9999 Posts: 4,677
    Allie wrote:
    are you willing to recommend him?
    Joe do you have any colleagues in NYC? Thanks! Oh and hi, btw. it's been a while. How was the London trip?

    Sure. If you don't mind heading out to Long Island shoot me a pm and I'll send you his details. Oh, and if he's booked his wife and daughter do just as good of job.
    "The leads are weak!"

    "The leads are weak? Fuckin' leads are weak? You're Weak! I've Been in this business 15 years"

    "What's your name?"

    "FUCK YOU! THAT"S MY NAME!"
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