Posted by Joan Bergstrom on 12/29/07 12:58am
Msg #228097
Tax Time Again
I like Quicken Home & Business. I have used Quickbooks for another business but it a little more bookkeeping program than I want.
What I really like is "Turbo Tax Home & Business."
I used this for the first time for 2005 taxes and it saved me mucho dollars. The reason is the program asked me so many detailed questions on my business deductions that I hadn't thought of before.
It was simple to use and cost approx $85 at Costco instead of the almost $500 I was spending on my business and personal taxes.
You can download your information from Quicken & Quickbooks into Turbo Tax.
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Reply by JK/TX on 12/29/07 1:10am
Msg #228099
Re:Tax Time Again-I could have gone all nite w/o hearing tax
time :O}...just kidding/not really...... Question: with the tax laws/allowances changing each year do you have to buy new software or do an upgrade?
Also, I know many of you use Tax ID# instead of SSN's.... how do you work the TIN into your 1040 that has your SSN...... been curious about this a while.
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Reply by MC_oh on 12/29/07 6:52am
Msg #228105
Re: Re:Tax Time Again-I could have gone all nite w/o hearing tax
JK, you use the TIN on the schedule C that you must file. The 1040 will always be your SS number.
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Reply by Linda_H/FL on 12/29/07 9:34am
Msg #228114
Re: Re:Tax Time Again-I could have gone all nite w/o hearing tax
" Question: with the tax laws/allowances changing each year do you have to buy new software or do an upgrade? "
I also use TurboTax Home & Business - I'm on auto-renewal...get new software each fall for the tax year ($85 or so plus tax and shipping) and the updates are free...when I was in CT I also received the state filing program free...
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Reply by Glenn Strickler on 12/29/07 2:33am
Msg #228100
What?!?!? It's April 15th already?!?!?! n/m
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Reply by Raimond on 12/29/07 12:15pm
Msg #228133
You are correct Joan,
Plus it audits your return for known triggers at the IRS. Then you get to review the sections it identifies to ensure you have the correct information and the receipts to back it up.
It is well worth the $, and its a business expense to boot!
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