TurboTax Warning

Discussion in 'Tech Talk - Gadgets, Gizmos and Technology' started by billsharpe, Dec 30, 2014.

Tags:
  1. Jan 3, 2015 #21 of 105
    jimmie57

    jimmie57 Hall Of Fame

    9,912
    813
    Jun 26, 2010
    Texas City, TX
    I have been looking and reading this morning and it appears to me that the H&R Block software is almost or as good as Turbo Tax and it can be had for $49 or less for their Deluxe which does the sale of stocks, bonds, dividends, etc.

    Does anyone have a personal experience using it ? What do you think of it ?
    Thanks in advance.
     
  2. Jan 3, 2015 #22 of 105
    hdtvfan0001

    hdtvfan0001 Well-Known Member

    32,456
    258
    Jul 28, 2004
    Here's a 2014 review of H&R Block Tax software - you can judge is it's "almost as good":

    http://www.pcmag.com/article2/0,2817,2453111,00.asp
     
  3. Jan 3, 2015 #23 of 105
    billsharpe

    billsharpe Hall Of Fame

    3,100
    142
    Jan 25, 2007
    Southern...
    The link is for a review of Block's free online tax software for tax year 2013.

    The Deluxe version of Block's new 2014 software is $16 cheaper than TurboTax Deluxe at Amazon today. Both include a state return. I'm pretty sure you have to pay extra to e-file the state return although you can print out the forms and mail them without extra cost other than printing and postage.
     
  4. Jan 3, 2015 #24 of 105
    hdtvfan0001

    hdtvfan0001 Well-Known Member

    32,456
    258
    Jul 28, 2004
    It may be cheaper in 2014, but just like the reference in your first post...H&R's software doesn't support those schedules either at that price.

    It's also much harder to work with - more manual intervention required.
     
  5. Jan 3, 2015 #25 of 105
    Sixto

    Sixto Well-Known Member

    12,224
    95
    Nov 18, 2005
    Been using Turbo Tax every year forever. Same this year.

    Thanks for the heads up, had downloaded but hadn't noticed. I'll need to upgrade to Premier. All good.
     
  6. Jan 3, 2015 #26 of 105
    gpg

    gpg Well-Known Member

    2,050
    47
    Aug 19, 2006
    Long Island
    For the record, H & R Block 2014 Deluxe absolutely covers Schedules C, D and E and income reported on a K-1. It also includes 5 free federal e-files. As to ease of use, that's a matter of opinion. I've used both Turbo Tax and H&R Block and each has its faults and advantages. This year I went with the Block product. That's how I know what it covers.
     
    1 person likes this.
  7. Jan 3, 2015 #27 of 105
    djlong

    djlong Hall Of Fame

    4,344
    57
    Jul 8, 2002
    New Hampshire
    E-Filing, among other things, reduces the amount of time it takes for your refund to show up in your account. I've filed my taxes and had my refund deposited in my account in as little as 10 days versus up to SIX WEEKS for the IRS to mail me a check. Also, if some reports are to be believed, E-filing reduces your chance at an audit so whomever it was upstream who said "I want to cause the government as much pain as possible" is only increasing his chances of having to do more work since those paper forms have to be looked over and processed by human eyes which is another chance to introduce error (to say nothing of the fact that filling out the forms often introduces error as well - transposing numbers, etc)
     
  8. Jan 3, 2015 #28 of 105
    Steve

    Steve Well-Known Member

    23,065
    154
    Aug 22, 2006
    Lower...
    FWIW, The February 2014 Consumer Reports had this to say re: H&R Block:

    Re: TurboTax:

     
  9. Jan 3, 2015 #29 of 105
    hdtvfan0001

    hdtvfan0001 Well-Known Member

    32,456
    258
    Jul 28, 2004
    Wonder why they didn't reference the 60,000 taxpayers in 2013 who had major refund issues because of the failure/flaws of their software. It was handled very poorly by H&R Block and made national news.

    http://www.washingtonpost.com/business/handr-block-glitch-delays-tax-refunds/2013/03/14/8b9d5ea8-8bfb-11e2-9f54-f3fdd70acad2_story.html

    Nothing like that has happened with TurboTax. So it pretty much comes down to who you trust to do this important work, and $10-$15 either way won't sway most people.

    In any case...good luck with whatever folks use. As long as they are satisfied, that's all that really counts.
     
  10. Jan 3, 2015 #30 of 105
    armophob

    armophob Difficulty Concen........

    7,394
    65
    Nov 13, 2006
    Fort Pierce, FL
    Are you suggesting doing it with the paper forms and a pencil?
     
  11. Jan 3, 2015 #31 of 105
    gpg

    gpg Well-Known Member

    2,050
    47
    Aug 19, 2006
    Long Island
    Guess Turbo Tax isn't perfect.

    http://abcnews.go.com/Technology/story?id=98665

    http://minnesota.cbslocal.com/2013/03/11/used-turbo-tax-to-file-you-may-have-to-do-it-again/
     
  12. Jan 3, 2015 #32 of 105
    jimmie57

    jimmie57 Hall Of Fame

    9,912
    813
    Jun 26, 2010
    Texas City, TX
    I have done paper and pencil once or twice in the last several years. With a lot of purchases and sales of stocks it takes awhile and the software goes to the website and retrieves all the info for you. However, I only had 2 purchases and one sale this year and it would be a breeze.
    Not going to rush with any of it since I usually owe them at the end of the year and wait until the last week in March to pay it.
     
  13. Jan 3, 2015 #33 of 105
    SeaBeagle

    SeaBeagle Legend

    1,222
    22
    May 7, 2006
    Nothing to do with bowling.


    Sent from my iPad 4 128GB using DBSTalk mobile app
     
  14. Jan 4, 2015 #34 of 105
    hdtvfan0001

    hdtvfan0001 Well-Known Member

    32,456
    258
    Jul 28, 2004
    Perfect no - nothing is perfect - but just much better,

    And those issues didn't cause delays in refunds to tens of thousands of taxpayers like H&R Block experienced in 2013.

    It's good to have choices.
     
  15. Jan 4, 2015 #35 of 105
    gpg

    gpg Well-Known Member

    2,050
    47
    Aug 19, 2006
    Long Island
    I agree it's good to have choices. Deciding which program is better in any given year is a personal value judgment, as is deciding that a security breach for tens of thousands of taxpayers is not as serious a problem as delaying tax refunds.

    What is objective is what types of returns each program purports to cover. This year H&R Block Deluxe covers more than TurboTax Deluxe. Whether it does it in a satisfactory manner is up to each individual to determine.

    I hope all the tax software programs produce accurate results this year and that users don't have to deal with delayed updates or serious bugs. Enjoy doing your taxes, if that's possible. It never has been for me regardless of how I prepared my return.
     
  16. Jan 4, 2015 #36 of 105
    hdtvfan0001

    hdtvfan0001 Well-Known Member

    32,456
    258
    Jul 28, 2004
    Quality still reigns supreme for mission-critical purposes, and those who change passwords regularly with any software run minimal risk of breaches, especially with financially-sensitive sites or data (online bank or tax sites in particular). It's a common-sense best practice.

    Agree that different versions of different packages offer different coverages...which is why they offer them in the first place - one size does not fit all, but one size often fits most.

    On topic - a lot of folks (if not most) don't even use Schedule C or D, so is a "warning" really required? Nope - just reading the product package description should suffice - get the right package that fits one's situation. Packaging changes on numerous software products each year - nothing new there. Heck - channels included in satellite packages change from time to time - but we don't see "warning" announcements on that...just informational.

    It comes down to picking what best matches needs...so on that front...we both seem to agree that to each their own.
     
  17. Jan 4, 2015 #37 of 105
    jimmie57

    jimmie57 Hall Of Fame

    9,912
    813
    Jun 26, 2010
    Texas City, TX
    I appreciate that this warning was posted.
    Since I have used the product for many years, I just usually go in the store, pass the rack / display that has them and pick one up. You don't expect them to totally change up the software without a warning. This is one case where they did.

    My lady friend in Victoria , TX said she has worked for H&R Block in tax seasons and that software she used was excellent and easy to use. She did not know if it is the same as what we would buy at the store. I suspect it is not.

    I will be switching when it is time for me to do my taxes in March.
     
  18. Jan 4, 2015 #38 of 105
    Steve

    Steve Well-Known Member

    23,065
    154
    Aug 22, 2006
    Lower...
    +1. I just bought Premier for $55, thanks to Bob Nielsen's find. If I bought Deluxe and found I had to upgrade to Premiere afterwards, it would have been at an additional cost of $30 over whatever I paid for Deluxe.
     
  19. Jan 4, 2015 #39 of 105
    Sixto

    Sixto Well-Known Member

    12,224
    95
    Nov 18, 2005
    Yep, +1 also, thanks for the thread. I wouldn't have noticed until doing my taxes in a few months.

    It's weird though ... last night I went into the Deluxe version, clicked on "Upgrade" and it showed as "Free". It then asked me for my TurboTax Advantage account login and did the upgrade. I auto-renew every year and had downloaded when the Deluxe version was available. So at least so far, I wasn't charged for the upgrade. Hmmm, I wonder why it was free.
     
  20. Jan 4, 2015 #40 of 105
    hdtvfan0001

    hdtvfan0001 Well-Known Member

    32,456
    258
    Jul 28, 2004
    Cool Beans!

    Yup...got Deluxe for $39.99 (local price match deal) and the upgrade for free, even though I don't need the extra schedules.

    Maybe TurboTax is doing the free upgrades for us "early birds".

    Happy preparation everyone.
     

Share This Page

spam firewall