purchased premium software for self-employed/rental prop owners. program did not include form 4136 for fuel tax credit, worth several hundred dollars to me
Cons: Time consuming, Doesn't maximize refund, Hard to fix issues, Hard to prepare
I've used HR Block/Taxcut for many years. It has definitely tried to keep up with the complexity of my taxes, but I'm not confident anymore that its doing the right things. I had some concerns and went to the local HR Block office and they weren't convinced the program was handling my issue properly either. I'm filing this year based on the fact that HR Block say they guarantee their calculations, but I have my doubts. I suppose I'll know in 3 years.
Premium software missed self employment tax treatment of "Medicaid waiver based payments" which is not taxable by federal per IRS guidelines. Q & A # 12 & 13 on IRS website! It costed me for 2 years in a row that I learned...
Cons: Time consuming, Doesn't maximize refund, Hard to fix issues
When trying to file the federal return after it finished with no errors, it suggests to print it first. Upon printing to pdf995, it goes through a few forms then, gets stuck on the Document called: De Minimis Safe Harbor. This is not a form I know or filled. However, cancelling gets me out of the program altogether. Now what?
I have been using this tax software since 1997, It was called Kiplinger back then. HR Block bought them out years ago and they never missed a beat. Gets better and easier each year!
Pros: Easy to install, Easy to prepare, Easy to import