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Turbotax Vs Taxcut


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#1 splackavellie

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Posted 02 February 2006 - 11:44 PM

im thinking about trying one of those tax softwares just wondering if anyone use taxcut or turbotax. any pros and cons of each? opinions? are these things safe and accurate to use?

also are you suppose to buy a new one each year or can i buy one now and use it again next year?

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#2 boopme

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Posted 03 February 2006 - 11:15 AM

Hi splackavellie,
While I'm not an accountant ,but I have done my own tax preparation for many years.
Well I've used both in the past. Now it is such that I use an accountant . They are all very similar. In fact some accountants and prepareres use them to figurre your taxes. You will need to get a FED and State copies for each state you earn income in. You need to upgrade each year. They are accurate but as with any accountant you should check there guarantee as to what they cover in event of a mistake. Depending on how complex your filing status is,it may not even be something you need. If you file 1040EZ it would be faster and cheaper to just fill out the sheet. in my opinion. As it will take a while to fill out all the questions and info forms. A couple links that may help with further info.

http://www.irs.gov/efile/article/0,,id=118986,00.html

http://www.irs.com/

http://www.taxact.com/

http://www.hrblock.com/
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