Had a similar experience in my first home and the repayment of a first time home buyers tax credit. Amounted to thousands saved versus what I expected. Would never not use one because of that one experience.
Have used TurboTax for years. Had a huge tax hit one year and was worried I did something wrong, so I used Picnic Tax to get a second opinion. Turns out Turbotax was right. Used the same guy on Picnic again last year out of laziness, and found multiple errors in what he initially prepared for me. So I'm back on the market again this year.
For real though - I use a tax guy that everyone I work with does. He’s either doing a really good job for us or completely ripping us off. Since we all use him no one knows lol
Doesn’t the irs have like 12 people plus a hamster and a wheel working for it currently? I just use TurboTax and hope I did it right and that the feds are auditing way more important accounts than mine. Such a dumb system we have.
They aren’t. It takes a lot more work to audit a guy making $100MM/year from 40 different office complexes than it does to audit $100MM / year of W-2s with a mortgage.
Who in here knows w4 well? im pretty sure my wife and I (married filing jointly, both work) have fucked up our forms
Apparently I missed a lot of stimulus? Anyone else in this place? I didn't get a form 6475, but when I registered for the IRS site, apparently I missed a third payment? Or is this nuts and I'm just gonna have to pay it back? Also, TurboTax...
Turbo Tax and HR block are coming in $15 different. Outside of a couple dollars worth of rounding I can’t figure out why. This is going to bother me
turbo tax has steadily been ramping up its prices over the years and what benefits are included. used to be free return storage and roll over. now gotta pay up.
They probably make a killing off of people being too lazy to save a PDF of their return (which I would recommend doing anyway).
I always wait until there's around Christmas or in January when they have a "sale" and buy the software. Idk if that's cheaper or not
CPA just finished ours up. Getting a lot more back than in years past. I tried doing Turbotax to see if I could recreate it and was getting different numbers. I've looked over the return and don't see any errors so .
I filed Friday on turbo tax and am getting one of the biggest returns we have ever gotten since we married. Double checked everything including the forms sent to us by the irs for child tax credit and stimulus totals….idk went ahead and upgraded to max or whatever for free audit representation for $40 more hahah
This scenario was why I was asking questions. I usually get back $1-2k because I'm conservative with withholding in case I have a lot of 1099 income. But it's a lot more back this year, presumable due to child tax credit.
Well it was odd, because I got half of the expanded child tax credit during the year, so the part actually applied on my tax filings is less than it would have been on a normal year.
Just finished taxes for the 2nd year through FreeTaxUSA. Mines pretty simple though - W2s, child tax credits, and a couple 1099-INT, DIV, B's, so would definitely recommend a professional if more complicated. I stopped using TurboTax after learning about their lobbying bullshit. I did use them to check how similar the returns were to FreeTaxUSA and they were exactly the same so feeling good with that and not giving Intuit any money.
Ended up using THE BLOCK. Used them last year. Like that they already had last years docs and info on file.
Turbo Tax Free cause I’m basic and poor. $3000 back which is right on target. Saving up to buy a bitcoin.
This is what I’ve done the past two years as well. Double check TT to make sure it’s close/matches and call it good. The fees on TurboTax just got ridiculous the last two years. Always wonder how many people they get with the option to pay your fees out of your refund, that’s like 29.99 alone. Then they offer the option to get your refund immediately or whatever too. TurboTax has to make a ton on people who do those two options alone.
We have to file in multiple states due to work. TurboTax is shitty in that case. Found an accountant who also is a degenerate gambler like me and costs less than TurboTax so I’m glad to throw $100 to him to deal with it.
My tax guy asked me to calculate all my gambling P&L. I was like “isn’t this what I pay you for?” Turns out I’m still calculating it.
Dumb question - I had to replace my septic tank due to a change in the local water table leaving my existing field lines useless, had to put the lines up on the hill and install a pump tank. Is that a write off?
Filed on Friday. IRS took my money today (not surprising). Surprisingly got my state refund today as well though. Figured I'd be waiting weeks for that.
Did everyone else know about this Covid relief for self employed filers? Basically a dollar for dollar deduction for any days you missed due to Covid or missed due to childcare related to Covid. TurboTax has it in one of the drop downs sections in deductions and I completely missed it first time through.
I normally just do turbo tax but with a bunch of changes this year I thought it would be much easier and less stressful to use an accountant I had my appointment last week and the office was a disaster. Just a mess. The elderly accountant was coughing too much and had to leave so she gave us someone else. Was not impressed with the new person I called yesterday and they said “they should be done Monday” and when I asked if there’s any issues they said there shouldn’t be this was a terrible experience and I’m going back to turbo tax next year
Accepting new clients two weeks before the deadline is a huge red flag if it’s an actual CPA firm imo. The quality of service you’re probably getting is more or less someone entering your info into TurboTax.