Tax Time.

[BoardGirl Senior Member Find all posts View Profile Close BoardGirl]

I Love Turbotax

And signed up for the autorenewal when they first came out with that.

I have never taken my taxes to anyone to do, I've always done them myself. Some people have major fears relating to taxes. I do, too, but, TT sure does ease it for me. I'm actually more scared of The Tax Man than The Grim Reaper.

I'm not a big fan of the cosmetic changes they made this year, but, who cares, it works!!

The days of hand-writing and recalculating and deciphering the crap in the books, ... all that crap is happily a distant memory, back when there were specific things I wouldn't do in order to not "complicate my tax life." Reading thru the new laws and trying to figure out if they apply to us... blech

Now, hell, let Turbo figure it out!!

[rapmarks Moderator Find all posts View Profile Close rapmarks]

I filed early and my thanks was a corrected form 1099 Div, so I had to file an amended ta return. What a pain!

[RESORT2ME Senior Member Find all posts View Profile Close RESORT2ME]

I have never understood why people give extra to Uncle all year long and then ask for it to be returned. It is your own dollars that you are getting back, without interest.

You wouldn’t think of handing over that money to a friend, alone a stranger each and every payday, just to hold for you till you requested it, after the new year got here..

Years ago, we would owe 4 to 5 thousand, until IRS told us to start filing Quarterly. An adjustment was made for the amount withheld and we had $160 per month placed in a savings account. Each year, any amount due to Uncle was available.

This year, I gladly gave Uncle the $1856, which we owed. It is considered an interest free loan each year. And at the same time, the savings account pays interest.

IRS doesn't seem to mind us owing $2000 each year.

What A Country!

[BoardGirl Senior Member Find all posts View Profile Close BoardGirl]

I only feel I've done well when we come out about even. This year we did pretty good: owed $77 Fed, got back $37 State. I have a regular W2 job but hubby freelances and normally doesn't file quarterly (some years he owes no tax), so it's usually anyone's guess come tax time. The charitable contributions saved our butts this year, as hubby made a lot of money.

[rapmarks Moderator Find all posts View Profile Close rapmarks]

I have never understood why people give extra to Uncle all year long and then ask for it to be returned. It is your own dollars that you are getting back, without interest.

You wouldn’t think of handing over that money to a friend, alone a stranger each and every payday, just to hold for you till you requested it, after the new year got here..

Years ago, we would owe 4 to 5 thousand, until IRS told us to start filing Quarterly. An adjustment was made for the amount withheld and we had $160 per month placed in a savings account. Each year, any amount due to Uncle was available.

This year, I gladly gave Uncle the $1856, which we owed. It is considered an interest free loan each year. And at the same time, the savings account pays interest.

IRS doesn't seem to mind us owing $2000 each year.

What A Country!

However, you are subject to penalties if you haven't withheld at least close to your previous year's tax liability. After coming close to the penalty number, I tend to put a little extra in each year to be safe. Once I had a stock spin off on the last day of the year and then they called the new stock on the afternoon of Dec. 31. No time for me to take a corresponding loss and I owed a lot of taxes and came really close to the penalty point.

On thing I don't understand. We are getting $1200 back this year but Turbo Tax keeps printed out forms for me to send an additional $368 a quarter in estimated taxes. We do not send in estimated taxes, having money withheld from our pensions. why would they expect me to pay more taxes, when I withhold more than enough. Are the tax rates changing next year.

[funtime2 Senior Member Find all posts View Profile Close funtime2]

We had to file for an extention so we still don't have ours completed

[The Conch Man Past Goumba President & BigFrank's Cigar Buddy! Find all posts View Profile Close The Conch Man]

On thing I don't understand. We are getting $1200 back this year but Turbo Tax keeps printed out forms for me to send an additional $368 a quarter in estimated taxes. We do not send in estimated taxes, having money withheld from our pensions. why would they expect me to pay more taxes, when I withhold more than enough. Are the tax rates changing next year.

You can delete them from "Your Forms" menu ~~ You don't have to save them ~~ I remove a lot of stuff that is within that menu ~~ Just make sure your "Final" review is correct with no errors ~~ You can always senf Intuit a message statin this problem ~~ been doin it for years ~~ sometimes they fix it ~~ sometimes they don't ~~ They don't know everything but this is my last year to use Turbor Tax ~~ they charged to much money for the software & this year they made me pay for filin ~~ I told them I was very unhappy with them as I have been their customer for over 15 years or so ~~ Tax Cut is much cheaper & does the samething as I use both of them ~~