Tax Software

IanC · Jan 1, 2011

Since it's soon to be that season, what do others out the use, and how do you like it? I've used H&R Block Tax Cut, but it doesn't really do agri-business well, more geared to retail. My accountant passed away and I don't want to break in a new one.

ohiojim · Jan 1, 2011

i been useing turbo tax deluxe for years and am happy with it, handles my business fine

kyhayman · Jan 1, 2011

It only took one 'research audit' to convince me that whatever I pay my accountant is money well spent. Two years of my life, purchasing from a bank I no longer use 3 years of cancelled checks at 5 bucks each, and a thousand bucks to my accountant and it finshed up with less than a hundred bucks difference in aggregate over 3 years of returns what I had reported and what the auditors had figured. I'd never, ever, want to go through that without a real person to deal with the IRS.

With that said, I load my info into a cash account spread sheet in Quicken. Print out a report, and give it to her along with bank statements. She charges me 260 bucks a year to put everything where it needs to go.

thurlow · Jan 1, 2011

I TOTALLY agree; can't imagine any businessman not having an accountant. I also use Quicken; when Windows came along, the DOS based accounting programming I'd been using would no longer work.

Coloken · Jan 1, 2011

Tax act is free and download free. My tax is very simple any more so it works great for me. It will print the forms out and I don't have to write any thing thats what I like.

Iowa Jim · Jan 1, 2011

(quoted from post at 14:34:56 01/01/11)I've used H&R Block Tax Cut, but it doesn't really do agri-business well, more geared to retail. My accountant passed away and I don't want to break in a new one.

Break in a new accountant!! Being a cheapskate on tax preparation will come back to bite you in the butt.

greygoat · Jan 2, 2011

I saw something on TV news that said that 90% of
those using computer tax programs will have some
errors.(It's not you..it's the program)
Also saw that the H&R tax preparers will err on
the side of not taking enough deductions, as they
would rather be cautious than take the risk of
being audited and fined.
As for me..I use an accountant .

Mike (WA) · Jan 2, 2011

Ken, I've heard Tax Act is good- but you having used it, do you think it would work OK for a return with both business (Schedule C) and farm (Sched F)?

Course, if its free, I guess I wouldn't have much in it, if I got started and didn't like it.

tom-ky · Jan 2, 2011

I never did trust the software for several reasons. One is the depreciation setup and the fact that some had already been taken on some items. How would you set that up? It might be fine to use the software if you started from the beginning but I can't.

Two is there is nobody to back you up in a audit. Our tax person will pay the penalty if they make a mistake just not the extra tax.

I have learned the better you can organize thinks to save the time it will save you money. We use Quicken and a spreadsheet with everything set up in the tax categories so it goes pretty quick.

Ralph wd45 · Jan 3, 2011

To be on the safe side use an accountant if you really want to do it your self Turbo Tax is a good program

Tax Software

IanC

Well-known Member

ohiojim

Well-known Member

kyhayman

Well-known Member

thurlow

Well-known Member

Coloken

Well-known Member

Iowa Jim

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greygoat

Well-known Member

Mike (WA)

Well-known Member

tom-ky

Member

Ralph wd45

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