mmcirvin: (Default)
mmcirvin ([personal profile] mmcirvin) wrote2006-04-16 11:17 am

TurboTax

After many years of stubbornly sticking to paper forms, possibly augmented by a spreadsheet, I finally had sufficient presence of mind to get myself a copy of TurboTax this year.

On the whole, I like it! I was always worried that it'd be some multi-hour linear wizard interrogation, in which you're bolted to the rails and have to answer "no" to a thousand irrelevant questions about hog farm depreciation, but it's not like that; you can actually skip around to different parts of your tax return without destroying its state. If you abandon one of the little sub-interrogations in progress, you may have to replay two or three screens when you come back, but your previous answers are all there as the default. I realize that this kind of thing really ought to be considered a sign of minimal competence rather than something worthy of a medal, but it's amazing how much stuff out there doesn't rise to this level, especially on the web.

The Internet makes tax software much more pleasant, too; the way it can retrieve all your W-2 information directly from your employer is pretty cool. I'm sure that if I used Quicken it would be even more effortless.

As a Mac program, it's OK. The one major hiccup I noticed (unfortunately, it happened very early and made a first impression) was that when I clicked on the blue link for the recommended introductory "tour" of the software (actually an HTML file opened in an external browser), it opened it in the Classic version of Internet Explorer. That's not cool.

The major defects have more to do with the inertia of the bureaucracies involved. It's weird that E-filing taxes still involves multi-day approval turnarounds and fees to middlemen, but I don't think that's Intuit's fault.

[identity profile] kerri9494.livejournal.com 2006-04-16 08:28 am (UTC)(link)
I have been using the online version of Turbo Tax for several years, and I really like it. Nothing to install, which is a plus.

[identity profile] sunburn.livejournal.com 2006-04-16 02:12 pm (UTC)(link)
Another bonus is that, should you use TT next year, it'll let you import your 2005 data as well, since a decent bit of info will be the same, assuming you don't change jobs or addresses. Better still, next year this time, you'll have a wee bundle of joyous deduction to add, huzzah!

[identity profile] manfire.livejournal.com 2006-04-16 04:54 pm (UTC)(link)
The last point is especially odd considering that the IRS has been falling all over itself trying to get people to e-file as a way of making things more efficient for itself ...but I guess that's bureaucracy for you.

[identity profile] mmcirvin.livejournal.com 2006-04-16 05:14 pm (UTC)(link)
The IRS sometimes claims that certain obvious improvements can't be made because they are forbidden from competing with the private tax-preparation industry. Which bothers me, because the private tax-preparation industry only exists because taxes are hard to prepare. So does that mean they have to keep it difficult for the sake of some rent-seeking constituency consisting of the likes of Intuit and H&R Block?

[identity profile] mmcirvin.livejournal.com 2006-04-16 06:05 pm (UTC)(link)
...note that for people with an AGI below $50,000, you can e-file for free, but it still involves going through private tax-preparation firms: it's just that the government subsidizes it!

[identity profile] sunburn.livejournal.com 2006-04-16 06:10 pm (UTC)(link)
You must also be under the age of 50, FWIW.
jwgh: (Default)

[personal profile] jwgh 2006-04-16 05:42 pm (UTC)(link)
I use H&R Block's online filing system which sounds like it's pretty similar.