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  1. #1
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    Tax software (USA)

    Is there proof that using tax software such as TurboTax or TaxCut does NOT reveal any info to others?

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    Re: Tax software (USA)

    "does NOT reveal any info to others?"

    Please explain what you are asking?

    Now running HP Pavilion a6528p, with Win7 64 Bit OS.

  3. #3
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    Re: Tax software (USA)

    how can we be assured that the program is not farming the info we enter?

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    Super Moderator jscher2000's Avatar
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    Re: Tax software (USA)

    I'm not familiar with the word "farming" in this context.

    If you use the packaged versions of these products, you can block their ability to communicate with the 'net using your firewall. You need to download updates first, since the packages often are sent to retail before the IRS has finalized the forms.

    If you use web-based tax preparation tools, then of course you have to trust the company behind the products.

    Bear in mind that you have no way to monitor the data usage of professional preparers, either.

    Can you trust your pencil??

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    Re: Tax software (USA)

    I can only add to Jefferson's comments that I've been using TurboTax for MANY years and have never been compromised. I'm still solvent, I get no spam and ( <img src=/S/crossfingers.gif border=0 alt=crossfingers width=17 height=16> ) my identity has not been stolen. I DO allow my firewall to allow the program to get updates, download my state program AND send e-file to the Feds. If you're the least bit nervous, don't use the product.

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    Uranium Lounger viking33's Avatar
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    Re: Tax software (USA)

    Same here for me, Al.
    Turbo Tax has been my program of choice for YEARS. No Problems, easy to use on and off line, along with updating and eFiling both Fed & State returns.

    The first time I eFiled, I was amazed at the quick turn around of a refund return. TWO days and it was in my bank account.

    I think someone (?) is being very paranoid about this.
    BOB
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  7. #7
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    Re: Tax software (USA)

    I am pretty sure I have few comrades in my approach to doing taxes, though I am not sure why. My tax program is Excel and I have been successfully using it for taxes for about 15 years. After setting up the spreadsheet initially, the yearly up dates required typically take a half hour The Excel line numbers correspond to the tax form line numbers. Each tax form is a worksheet in the Excel workbook for a given year and linked as necessary ("write here the amount from schedule C line 44", for example). Having fairly simple tax returns, many of the lines are blank. Any calculations (like adding up receipts, ....) or testing whether or not rules apply to you are done right on the worksheet and become a permanent record of how you arrived at the values used. I do not e-file, but then I cannot remember the last time I had a refund due me. Being a spreadsheet, "what if" scenarios are a breeze, the math is accurate and I always know where to find last years numbers. The tax folder is encrypted and I make sure I have a backup.

    This approach does force you to read all the changes made by the government each year, but that's not a bad thing and there are not many. I have not automated the filling in of the tax form so I cut and paste the results from the workbook to the PDF tax form acquired from the tax website. Its a basic approach, but it works well for me.

    Paul

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    Re: Tax software (USA)

    I sort of do that too.

  9. #9
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    Re: Tax software (USA)

    I guess the ol' expression applies here: different strokes for different folks, Paul. Just seems to me like a lot of work to do, given the fairly low price of a package program like TurboTax or others. Whatever floats yer boat!

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    Re: Tax software (USA)

    I gave up on those prepackaged tax applications some time ago and have been using an Excel based free tax package for years. Check it out at http://www.excel1040.com/

    It is free and, in my opinion, far better than the other tax programs.

  11. #11
    Super Moderator jscher2000's Avatar
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    Re: Tax software (USA)

    > It is free and, in my opinion, far better than the other tax programs.

    You would be amazed at how TurboTax has evolved in the past 5 years. It also provides some peace of mind that Intuit will pay any penalties for the program's calculation errors. <img src=/S/smile.gif border=0 alt=smile width=15 height=15>

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    Re: Tax software (USA)

    Don,
    Your link points to a nice solution, quite professional and probably an order of magnitude more work to create than the spreadsheet I use.
    His spreadsheet(s) "looks" like the tax form(s). Mine, on the other hand, calculates as a tax form should, but look like an uninspired, largely empty numerical spreadsheet. If I click in any cell I have the benefit of seeing either the formula used to calculate that cell's value or the source of that value from another form - no protected cells. The big plus of his approach is that you can print the form if you choose. I can see why you might like this approach to taxes.
    Paul

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    Re: Tax software (USA)

    This year, I actually did buy & use Turbo Tax and it has improved but I still sent a long email to Intuit with a list of problems. makes me think they don't have very robust QA group.

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