Tax Preparation Software Knowledge Base
What is the best tax preparation software to prepare multiple state returns, and not a huge cost? This year I have to file for IL, IA and NE (ugh), so I want to know if anyone has any reccomendation for a cheaper but trustworthy tax software... Or is my old friend TurboTax the way to go?
What is the most accurate and reliable free and none free tax preparation software? Do you know the most accurate and reliable free and none free tax preparation software? If it includes State tax, it is better. The question is not talking about filing online or saving data on the server but save data file on your computer and then print out the completed Form 1040.
I own a mac. What kind of tax preparation software should I buy? I have never purchased tax preparation software before and am lost in a sea of quicken, turbo tax, and an assortment of other programs. No one program seems to get a great review and was wondering if anyone out there had any suggestions. Thanks!
How can I build my own Independent Income Tax Preparation Software?!? I have tried looking it up on google with no luck. All thats out there when I do a search is the current tax software such as turbotax and h&r Block's tax software. I know it can be done I just want to know how to do it and more importantly how to update it year after year to be in code with the current year's tax laws, etc. How can I do it and what software development if any do I need to buy???
Can I deduct the cost of Tax Preparation Software or E-Filing Fees? I'm self-employed; does that make any difference when it comes to deducting the cost of Tax Preparation software, or the cost of e-filing fees? Rather then using Line 21 of Schedule A, can I deduct the cost on Schedule C? If yes, what line do I use? Thank you!!!
Do I need to purchase a tax preparation software every year? If I want to do my own tax returns using the available commercial softwares, do I need to buy a new version every year or the software gets updated (free) every year once you buy a copy?
which tax preparation software is the best to start a tax prep business? i would like to start a new tax prep business. Which tax prep software should i choose?
What is the best PROFESSIONAL Tax Preparation software available? We are an operating office and currently use one software and do over 1000 returns per year. Please give me your opinion on which software your office uses or which you recommend. Thank you.
i want to settle in edmonton , C.A.,need audit or import manager for garment importer directory website need ISITHORE LOURDURATHINAM Email: isithore@rediffmail.com or newmen@rediffmail.com Dear In the August of this year I will be permanently relocating to the Edmonton area. I am forwarding the attached resume for your evaluation because of my desire to contribute my comprehensive experience in the accounting and auditing field. I have 12 years experience involving all aspects as a C.A can do. My responsibilities include range of activities ,noted in my resume. My experience also include Accounting practice, book keeping, ERP implementation, system analyst for software development, internal audit, consultancy, inventory and stock audit, audit of Nationalised bank, taxation service etc., Thank you for your consideration. Sincerely, Isithore OBJECTIVE Seeking a challenging position in the field of Internal Audit /Cost Audit/ Book keeping/ERP Implementation Projects, where my practical work experience & education can be utilized. Also within an Organization which will allow me to implement all of my skills & experience, preferably in Accounting Firm or Knitted garment manufacturing/trading unit. SKILLS SUMMARY •Over Seven years experience as Cost auditor, as integral part of my audit practice profession. •Practicing Chartered Accountant for 12years as F.C.A., under ICAI Act INDIA. •Experienced working with software projects, as system analyst , consist of Flow chart preparation for each modules, Logic framing and Entry screen formats MIS Report designing •For composite knitted garment large scale unit, and Aluminium industries. •Knowledge of Knitted garment manufacturing system including costing and budgeting •Computer skills with MS-Office, Tally Accounting Package, also using many tailor made packages and book keeping, internet. •Equally effective working in management project and as a member of Team. •Ability to motivate, support and train team members •Ability to think open-mindedly and be creative evens in most routine of situations. •Effective team worker with excellent initiation, co-ordination and motivational skills. •Focusing and objective in my work approach with an attitude of getting the work done, especially under pressure. •Possessing garment Merchandiing and Quality control Diploma WORK HISTORY Practicing Chartered Accountant: 1995 to Till Date F.C.A under The Institute of Chartered Accountant Act as full time practitioner As consultant & service provider in the following Field: - •Income Tax, Sales Tax – Preparation, Finalization, Representation. •Book keeping through various Accounting Packages •System Analyst for software projects •Cost auditor for Composite knitted garment industries & other manufacturing industries, on assignment basis. •Arrangement of Financial Assistance for corporate and non-corporate from various Financial Institution. •Installation of effective Internal Audit system for various industries & implementation of systems & training for audit team. •ERP implementation contract on assignment basis, which consist of: - Installation of ERP Packages Selection of staff requirement from the unit Framing internal audit systems Training and evaluation of performance Conducting review meeting Framing corrective action Generating MIS reports Submission of MIS reports to top level management Removing operational conflicts Maintaining the ISO standards EDUCATION •Bachelor of Commerce from Madurai Kamaraj University •Chartered Accountant from Institute of Chartered Accountant of India, New Delhi •Diploma in Computer Application at Micro Computer Systems PROFESSIONAL TRAINING •Completed 200 hrs at various specialized seminars under Continuous Professional Education by Institute of Chartered Accountants of India. •Attended various seminars by Taxation Authority COMPUTER SKILLS •Working knowledge of Ms-Office, Word, Excel & PowerPoint •Tally Accounting Package, I
who has the best tax preparation software? I am starting a home based business doing taxes, and i am trying to find out who has the best software?
question about turbo tax online freedom edition? i found this off of the irs.gov free file page. i qualify to free file and i was wondering if anyone has used this one before. i was reading the license agreement and it says "printing or electronically filing your return reflects your satisfaction with Software, at which time you will be required to pay or register for the product." so im guessing this isn't really free afterall, or its just free preparation. if anyone has used this before and could help me out, how much is it going to cost to electronically file with this company? or if anyone could susggest an alternative company to use that i could actually file for free, that would be great.
discussion question? Another type of financial data that could benefit from using the XBRL accounting software would be for IRS Tax Returns, such data as redemptions, wages, salary, and total income could all be assigned a XBRL data field to represent that particular data. Additional the report could bee used by both consumers and the government. On every tax return an adjusted gross income is the information used to determine additional taxes or credits. Tax preparation could then b streamlined, accurate and more reliable and understandable to the average user as well, being computer friendly toward the consumer; currently XBRL is limited to corporations and has not addressed expanding to small businesses.
What is the best and easiest tax preparation software? My wife and I have two incomes ($170k +) Many deductions, charity work, options, stock sale at a profit, dividen income, and an office at home. We have been going to a CPA the past few years paying $200 - $300 because of all the documents which is fine, but I'd like to try it myself. Thanks for your help. We don't have children (yet!)
Which tax preparation software is the best for preparing taxes for my friends and family and why? Which 'PROFESSIONAL' software is best?
Is there tax preparation software for linux ubuntu? Is there anything like turbo tax for linux? I read in the wine hq that turbo tax doesnt run well with wine. is there a free linux software that helps you prepare your personal taxes?
Do tax preparation softwares such as TurboTax do both federal and state taxes? I discoverd that I could file the federal tax for free online but the websites charge a fee to file for state taxes.
Can tax preparation software work for more than one person? Can I do both my mother's taxes and my own?
Since tax season is approaching, what do-it-yourself tax preparation software would you recommend and why? I know of TurboTax, but are there others? What are the pros and cons of each?
2% Floor on misc deductions apply to each misc deduction, or all your deductions added up? does the 2% Floor on misc deductions apply to each misc deduction on your list, or all your misc deductions added up? Example...I have some Unreimbursed employee expenses, but if they don't exceed over the 2%, this means i can't deduct it? or what about Tax-preparation fees?? when i bought the "H&R Block software" it said that it was tax deductable...but since it only cost $50 bucks, how can I deduct it if it isn't over my 2% AGI???
Help with filing my taxes...? I am working on filing my taxes. They are pretty straight forward in that we are not itemizing. However, we have a new tax form thrown in the mix. We have three w-2s and a 1099 misc. I am assuming, based on research, that this is a self employment form. My husband is basically an independent contractor w/works for another independent contractor. This is my question. On one part of the tax preparation software, it ask if we are responsible for self employment tax. I am not sure if we are supposed to check this box or not. I certainly don't want to check it and pay 600 dollars if I don't have too, but I also don't want to not check it and get in trouble w/the IRS.
Social security number for L2 spouse for Tax Returns? I have an L2 visa and my wife has an L1 visa. I have no income, and don't plan to work either. My wife needs to file her tax returns jointly with me. I don't have a social security number because it's too much of a hassle. My wife already has one. Unfortunately all the tax preparation software asks for my SSN as well. Can we file the return without me going through all the inconvenience of getting an SSN?
Tax question regarding undocmented immigrants? If a US citizen is married to an undocumented immigrant, how could the US citizen file taxes since the spouse has no SSN? I've heard of something called an ITN number that the IRS gives to immigrants just for filing taxes. Would the immigrant have to get an ITN before the US citizen could file their own taxes (since they are married)? Does it matter if they file separate or joint? The couple in question would prefer to file separately if possible. Also, would the US citizen spouse be held liable for any tax problems of the immigrant from before the marriage? Is there tax preparation software that could handle this, or should they see someone who specializes in this area of tax law? Any personal recommendations for accountants and such (SF/East Bay, CA)? Please post names and links, thank you.
Is there free on-line tax preparation software for years 2003-06? I have to re-do some returns and would like to find something akin to TurboTax to do the returns for 2003-06. Is there anything available for free on-line (or anywhere else). Thanks!
With the new tax rebate deal announced, is it something that comes through filing taxes (I assume) and if so? will the already out tax preparation software not have this information to enter because it came out too early?
Help on establishing my own Tax Preparation Home Business!? This is in CALIFORNIA. I worked at HR Block part-time 3 yrs ago as TaxPro, but I had to stop due to my other fulltime work. Since then, I’d been doing taxes for my friends and senior relatives for free – they file as Self Prepared because I did not renew my license. Anyway, I’ve thought of establishing my owm small tax preparation office (as my business).. but I don’t know how to start? I have not done any business before so I am not familiar with the legalities. Can someone advise the steps to do for having my own tax preparation office. I will not employ anyone, I will be the doing the taxes. Where can I get the software Or what are the available TAX softwares I can use? And how much the cost? Do I need to register as LLC? Pls advise, Im a newbie in business.
What are the advantages of using a CPA over using tax software or a tax preparation service? Do you get more money back using a CPA or not? What advantages do they offer? Are they worth the money?
If tax consultant prepares my taxes, who is liable if consultant makes a mistake? I am kind of confused regarding my tax preparations. I am aware of some tax consultants who might be able to get me more money than some of free/paid online tax softwares. When I spoke to them then they are indicating that there are some exceptions in my case which might not be included in tax preparation software. I am wondering if some of these are not accepted by IRA who will be liable for the mistake/extra money that I might get in refunds. Does this comes back to me because I hired the tax consultant or the responsibility will fall on consultant since he is the expert. Please advise. Thanks
What is the best software for tax preparation? I just became a bookeeper but don't know what is the best software to buy. I'm going to be filing basic tax returns and doing the normal bookkeeping for companies.
2005 US tax software, Any known spyware issues this year? With the new year comes tax season in the US. TurboTax and TaxCut are the two major tax preparation software apps (although there are others). Both have had spyware and privacy issues in the past. The issues were enough to make me steer clear of both of them past few years. Does anyone know if there issues with either program this year? Is it safe to return or should I stick with TaxAct?
Which free tax preparation website do you recommend that offers both state and federal tax preparation? Also, I am open to a software recommendation. One that is the most user friendly. It has to offer both state and federal tax preparation. The software does not have to free. I know it will be a great investment. Thank you. The irs site says that Free File allows taxpayers with a 2008 adjusted gross income of $56,000 or less to both prepare and e-file their federal tax returns for free, but mine was above that.
Do you know of any tax preparation software that supports the form 1040NR (for non residents)? I am an internacional teacher with a J-1 visa. I am about to go crazy trying to find such software, it seems that most tax softwares support the 1040-EZ, 1040A, 1040, and 1040NR-EZ, but just can't find one with the 1040NR , please somebody help me! I have also tried Tax Cut, Turbo Tax, H&R Block Tax Cut and others,
Which free tax preparation software is best for US resident aliens? I am not a US citizen or permanent resident but have been in the country long enough that I am considered a resident for tax purposes. This means that I no longer have access to the free tax software that is provided by universities to their non-resident alien students. What tax software can you recommend that is free and would serve my needs best. I have the following tax forms to account for: W-2s (2 separate states), 1099-INT, 1098(c), 1042-S.
whats the better software for tax preparation,h and r block or tax cut? Please advise as to why ou like the o whats the better software for tax preparation,h and r block or tax cut? Please advise as to why ou like the one you chose.
What software is used for tax preparation for yearly tax clients? I am just wonder what software Accountants use to do taxes for clients during tax season. Thanks
Tax Profession In Need of Tax Preparation Software???? does anyone have any suggestions on a tax prep software that would let me e-file more that 5 returns?
What is the best/easiest software to use for tax preparation if you are a commodities trader? I used Turbo Tax in the past when I only traded stocks, but since I now trade commodities also it does not seem to be as easy and I could not figure out how to make the entries corrrectly. I even asked one of their techs and I don't think they understood how to enter commodities trades correctly.
Turbotax VS. Drake tax preparation software? which software is Better to use when doing taxes
I want to access Lacerte tax software from anyplace anytime so that I can handle more clients and remain conne? I want to access Lacerte tax software from anyplace anytime so that I can handle more clients and remain connected with my staff during tax preparation. But online tax preparation tools are very slow. Suggest me alternatives. Also if, many users can use the tax software simultaneously.
looking for good software for cpa-accounting & payroll tax preparation? I am a NY cpa witha small pratice, we have been using accountants world software called accoutants relif and are 85% satisfied, we also used their After the fact paroll andwere 75% satisfied last year, but this quarter it has been a nightmare. I would like to know what other accounting and integrated after the fact payroll software maybe avaible ? thanks
Where can I find federal income tax tables online? I want to get an idea what my taxes will look like when I file. Everyhing I find online leads to someone selling tax preparation software. Where can I find the tables to calculate what I will owe?
I would like to know which is the best free online tax preparation? I googled for free tax prep software and I got many sites, can any one tell me which is the best free online software I can use.
GUYS: ever been with a woman like the one in the H&R BLOCK commercial? The guy who used the "box"? with the tax preparation software in it, rather than the PEOPLE at H&R BLOCK?? Does she bust that guy's chops, or WHAT?? C'mon, ladies! We don't ask for help, so who needs live, phone support? RJ: Don't let that dude take a closer look at your neck, for ANYTHING in the world!
The IRS was not very clear for people who owed? "Q. I plan to choose direct debit to pay my tax bill. I know my economic stimulus payment will not automatically be direct deposited based upon the direct debit information I've provided to pay my tax bill, but can I also enter direct deposit information to receive my stimulus payment by direct deposit? A. Some tax preparation software will allow this, some will not. You will have to make this determination based on your own review of the tax preparation software you use. If the tax software allows you to enter both direct debit (electronic funds withdrawal), as well as direct deposit information, doing so will allow your economic stimulus payment to be direct deposited. [New 3/20/08]" Turbo Tax ONLY gave me the option to fill out the DD info and it was taken out by "IRS USATAXPYMT" so does that mean we should expect a deposit or not? When I say DD info I mean direct DEPOSIT not debit. The refund line is filled in even though I as not owed one so....
Looking for commercial tax software programs? I am a tax preparer and this will be my first year with my new business of tax preparation at home. But first I need the software to do it, I am looking for a GOOD commercial tax software program....NOT TURBO TAX or H&R Block.. this is not COMMERCIAL tax software... Anyone know of any (prefferably someone who has their own tax preparation business). Thanks
e-Bay software? I have recently purchased some software on e-Bay, and it has just occurred to me that it might be "infected," probably not with any virus - but spyware. I have heard of tax preparation software being so infected. My question: how does one go about "cleaning" a CD of possible infection?
What is the best software to do others taxes? I recently received my tax preparation certification and I was wondering is there any software in particular that would be a good ideal to do other's taxes. In the past for friends and family, I used the software on the net. Just wondering if there is any recommendations for tax professionals. Thanks for your time!
Any tax experts out there? I’ve run into somewhat of a snag with my tax filing this year and I need some advice. I started a new job January 2007 and I claimed the exact same info on my W-4 form for my new job as I did for my old job. My husband and I file jointly as a married couple and my husband has been at the same job now for 7 years and has never changed his tax filing. We usually receive roughly around a $1200 return each year. However, this year we somehow owe $215! We always use the free online TurboTax® Tax Preparation Software. We’ve triple checked ourselves and we’re stuck at this point. Does anyone have ANY idea where we might have gone wrong?
How can I apply and receive a patent and not have to assign it to some corporation.? Do I have to actually get an attorney and what is the minimum cost ? Is there software ? something like tax preparation.
Help I want my own tax preparation business...? What do i need to know and do you have any advice? I have been doing taxes for years since i was 15 it first started with my parents' taxes then family then friends then friends of friends im doing reserch on the software and i have my ptin # from irs and a small business loan i asked this question before i guess not the right way i dont want to be a tax consultant i just want to prepare taxes during tax season
Tax preparation, summer internshp. Should I fill non-resident in both states? I'm a resident of the state of Illinois, and I had a summer internship (summer 2007) in California. How should I fill the state taxes? Does any of the following options sound reasonable? 1. Fill Illinois state tax as resident (IL-1040, or their free webfile), and fill California's 540-NR? The problem with this one is that Illinois wants to overcharge me and extra $300 for the days I've been in California. 2. Fill IL-1040 and IL-1040-CR and CA-540-NR to get a credit for the California tax in my Illinois forms/ 3. For both states, fill as non resident or partial resident. (IL-1040-NR, CA-540-NR). The only problem here is that is that in IL-1040-NR there is no way to mention an exit date AND and a re-entrance date. 4. There is a final option of letting a software such as H&R TaxCut take care of it, but of course I hate to part with $30, which it charges for state tax filing! I'll be ok with filling the required forms myself if I just knew which strategy to choose. Here is the answer from the Illinois Department of Revenue, which I put here for future reference: You are considered an IL. resident and report all income to this state. You file first with CA (non resident), then file the IL-1040 and Schedule CR. You will need to attach a copy of the CA return when submitting the IL-1040. If you need help filling out the CR, go to our web site (under Publications) and click on the PUB 111 (comparison formula for 2007 returns), find the CA return you filled out and then follow the instructions and you will then know what amounts to enter on Col. B and C.
I need help regarding tax return preparation...? I am helping my friend to complete her tax return but I am having problem with the name written on her W2 and the name written on her Social Security Card. The name registered on her Social Security Card is Tina Concepcion Augusto Martinez II where: Tina Concepcion is her first name, Augusto is her middle name, Martinez is her last name, and II is her suffix Now her W2 states Tina A Martinez. My question is what should be the right entry for the name I will put on her tax return. a. Should I follow the W2 which is Tina A Martinez, b. Or follow the W2 but put her suffix ... Tina A Martinez II, c. Or follow the name on the Social Security Card... I am using Tax cut software ... so it only allows me to enter her name like this Tina Concepc A. Martinez II. I hope someone can help me especially those who have experienced this kind of scenario. Thanks, newtaxlady Now if I need to follow what is written on the Social Security Card, my next problem is I can't fit her two first names on the name entry of the tax software I am using. So instead of Tina Concepcion, I can only type Tina Concepc... Will IRS accept it?
Tax on qualified dividends on state return? I am a non-resident of MA. I am using turbotax for my tax preparation. My "ordinary dividends" & "interest" was carried from 1040 to my MA 1-NR/PY automatically. However my qualified dividends did not get carried over. Should qualified dividends be reported in MA return for a non-resident? Though I don't pay any tax on any dividends & interest, I still have to report it for exemption ration calculation. I am not sure if I have to include qualified dividends in that calculation because turbotax did not do this for me automatically and hence I am not sure if it is a software error or intentional. I called them up but they didn't have a clue what I was asking.
Are my S-corp Distributions supposed to be taxed on my personal tax return? My tax guy and myself had a parting of the ways. He already did my corporate tax return, but I am doing my personal one. I've been using one of the websites for tax preparation and all is pretty easy and simple. I worked for a company for half a year and then went into business on my own so I have 2 w-2's, plus my K-1. So here's my problem....the software shows me getting back 6500 just from my two w-2's. On another schedule I'm asked to enter my distributions which is line 16 on the k-1. When I do this, my refund is reduced by 2500. It appears to me that the additional distribution funds are being taxed as income. Is that correct? I thought the whole point of the s-corp is to avoid double taxation? I already paid the tax for the distributions on my paychecks. If I made $1000, I took $500 as a dist. and 500 as income, but I paid tax for $1000 on $500 I paid myself as income. So I've already paid taxes on the distributions. Am I missing something here?
New Rebate Info Posted Today.....? I know this info is not new to many people. So keep your stupid comments in the bag. **************************************... WASHINGTON, D.C. (SUBMITTED) -- Paper stimulus checks are being mailed starting today, a week ahead of the posted schedule. Some, but not all, taxpayers will receive their checks early. There is no way to tell who will or won't get their check early. The top questions about Economic Stimulus Payments (ESPs) the IRS continues to get from taxpayers are: Q. Why am I getting a paper check when I chose direct deposit on my 2007 tax return? A. If you requested that your electronic filing or tax preparation fee be deducted from the amount of your refund, you have entered into a financial agreement with the tax preparation provider or e-file software company for a refund anticipated check (RAC). Both Refund Anticipation Checks (RACs) and Refund Anticipation Loans (RALs) are bank products. The money that is deposited into your bank account comes from the financial institution associated with your electronic filing software provider or tax preparation provider, not directly from the IRS. Taxpayers who use RALs, RACs or enter into similar loans or financial agreements with their tax professional or tax software companies will not receive their economic stimulus payments by direct deposit. Instead they will get a paper check that will be issued according to the schedule that has been published for paper check distribution. Q. I received my stimulus payment, but it was less than I expected. Why? A. Your economic stimulus payment is based on information provided on your 2007 income tax return. Many but not all taxpayers qualify for the maximum basic payment of $600 for singles or $1,200 for married couples. Many parents are also receiving an additional $300 for each qualifying child, born after Dec. 31, 1990. Your payment may be less than the maximum for one or more of the following reasons: # You are single and your net income tax liability is less than $600. If you file Form 1040 net income tax liability is the amount shown on Line 57, plus the amount on Line 52. # You are married and your net income tax liability is less than $1,200. # You are single and your adjusted gross income (AGI) is more than $75,000. On Form 1040, AGI is the amount on Line 37. # You are married filing a joint return and your AGI is more than $150,000. # You owe back taxes that reduced your payment. # You have non-tax federal debts such as unpaid student loans or child-support obligations that reduced your payment. Around the time you receive your payment, you will also receive a notice from the IRS explaining how your payment was calculated. It is important to keep this notice as a record of your economic stimulus payment. In addition, you’ll get a separate notice if you owe back taxes or non-tax debts that were offset or deducted from your stimulus payment. Posted May 9th 2008 http://www.volunteertv.com/home/headlines/18801039.html Feel free to repost
Best sofware for tracking Stocks sales and purchases? When doing a lot of trading, I need a software package to make tax preparation easier. I would appreciate any recommendations. Thank you.
Free Resume Templates-no strings attached? I need a website (.org might be better) that offers a variety a Free resume templates that I may use to update my career past. My MS Works Suite Resume template is a bit lame. I work for a Tax Preparation Forms and Software Company. Any help would be greatly appreciated.
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