I have been a faithful user of Turbotax ever since the feds made it IMPOSSIBLY complicated to calculate how much tax you owe by using some kind of table that incorporates capital gains before you get to the bottom line. I could even do the corporate 1120S by hand until that point. Nevermore. The calculations are just too cumbersome.
Turbotax has its issues too. I could list a couple if I thought about it for a bit. Bottom line, though, is, as I used to give lectures on, Success begins when you refuse to let OTHER people do YOUR thinking for YOU! Everyone should know what tax breaks they qualify for, and income limits, before they ever pick up a form, talk to an 'expert', or sit down with software. If you know what to look for, as OP points out with this thread, you can let the 'experts' actually do what you pay them to do (which is a WASTE, most of the time imho) or go looking for what you need in the software or instructions.
In this case, it is just too early to fool around with the forms or software yet. I can't get going until late February and my 1120S has to be done before I can tackle personal stuff. There is a button in Turbotax to go out and look for updates and there are ALWAYS updates by that time. So relax, the IRS just got over Congress dealing with the 'cliff' a handful of days ago. If you expect government to work that fast, you live in Fantasy Land.
Last edited by flmark; 01-12-2013 at 03:52 PM.
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