Monday, April 19, 2010

Taxing Experiences....Paying Uncle Sam (and blogging for the first time!)

Tax time is fraught with enough frustrations, but perhaps a program like Turbo Tax will make it a bit more tolerable. First of all, Turbo Tax has five versions to select from. Depending on your needs, there are options available in their versions for "regular" filing, e-filing, state taxes, even business or rental owners. It can be purchased either in stores or online.

Once the version has been obtained, after downloading the program, registration is required. Then the program can search for previous or compatible versions and the files saved to the computer. This is a handy step-saver. Finally having all of the W-2's and other relevant documents at hand, you can respond to the sets of questions on each sub-topic prompted by Turbo Tax. Turbo Tax will compute the federal taxes for you. It allows changes to be made that can affect the bottom line if some information was initially omitted or incorrect. If desired the state taxes can be extrapolated for an extra $20 which is paid online prior to the computations. In the end, copies of the files can be saved, printed, and prepared for e-filing.

1 comment:

mjb127 said...

I forgot to mention one of the most important assets to this product----it is specific to the tax year. There is a new edition each year which contains the most recent changes to the tax code. You cannot reuse an edition from year to year.