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0 pointsdanielweber9y ago0 comments

TurboTax found several thousand dollars for me in a fairly complicated tax situation that I was completely not expecting and would never have realized on my own. Even some CPAs I've talked to have said "oh, really?" They've bought some tremendous goodwill from me with that. I'm probably sticking with them forever.

0 comments

d3ad1ysp0rk9y ago

This is the exact anecdote for why Intuit would want to keep tax law complicated.

danielweberOP9y ago

How do you think carryover losses of subchapter S corporations should be handled to make them easier?

SeanDav9y ago

The idea is to make it easier for the average person. Those involved with subchapter S corporations are probably not amateurs and are not the target audience.

2 more replies

nightski9y ago

In my mind move to a consumption tax with pre-bate (aka FairTax) and remove corporate income taxes altogether.

rpmcmurphy9y ago

I have a moderately complicated tax situation. Own property. Some investments. Occasional AMT hit for options. TurboTax handles all of this well. I am happy to pay $100 where before I could easily spend ten times as much on a CPA. That said, they really should allow auto-file for people with simple returns.

larrywright9y ago

Quite a few accountants that I know use TurboTax to file for their customers.

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