Do both TurboTax and TaxCut suck this year?

isasir

Diamond Member
Aug 8, 2000
8,609
0
0
So I'm finally about to start doing my taxes this year. I was looking up TaxCut and TurboTax on Amazon and it seems that both of them apparently suck this year. Has anyone used either of them this year w/o problems?

BTW, I saw a few threads asking which software you WILL use, but I couldn't find anything talking about how easy it was once they actually did use a specific software.
 

wyvrn

Lifer
Feb 15, 2000
10,074
0
0
Taxcut didn't have all the neccessary forms (had not been approved by IRS yet), so I tried to update. The update had the correct forms, but it would not install. I had to print the from off of the IRS website and fill it in by hand.
 

Lvis

Golden Member
Oct 10, 1999
1,747
0
76
Tax cut worked fine for me. Only ten bucks at walmart, too. It was my first time using tax software, and it worked out well.
 

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,589
5
0

Tax Cut does not seem to retain all information from the previous years.
It was not detecting certain business replated depreciation items from the previous year and asked for the items agin.
Also, it did not retian dependants dates of birth.

TurboTax was always taking care of dependents. The business information was never asked for a second time.
I do not know if some of the TaxCut problems may have been due to inporting data last year from TurboTax.
 

Squisher

Lifer
Aug 17, 2000
21,204
66
91
I used turbotax. I didn't have any problems and I have the most deductions I've ever had(a home office and $19K in business expenses).

 

isasir

Diamond Member
Aug 8, 2000
8,609
0
0
So you guys and gals w/o problems were able to d/l the updates and successfully complete your tax return?
 

InverseOfNeo

Diamond Member
Nov 17, 2000
3,719
0
0
Originally posted by: RishiS
So you guys and gals w/o problems were able to d/l the updates and successfully complete your tax return?

I was able to complete my return in a matter of one hour with TaxCut...although it was a pretty simple return. No problems here.
 

FeathersMcGraw

Diamond Member
Oct 17, 2001
4,041
1
0
I switched to TaxCut last year. It seemed to import my 2002 data without any problems, but then again, I don't have anything particularly complex about my tax return (just mortgage interest and assorted 1099-DIV forms to report), nor do I file electronically.
 

isasir

Diamond Member
Aug 8, 2000
8,609
0
0
Interesting. I wonder why the reviews were so harsh. I don't recall them being as harsh this year as in the past (with the exception of the major backlash for C-Dilla last year)
 

manly

Lifer
Jan 25, 2000
13,586
4,237
136
Originally posted by: EagleKeeper
Tax Cut does not seem to retain all information from the previous years.
It was not detecting certain business replated depreciation items from the previous year and asked for the items agin.
Also, it did not retian dependants dates of birth.

TurboTax was always taking care of dependents. The business information was never asked for a second time.
I do not know if some of the TaxCut problems may have been due to inporting data last year from TurboTax.
You stuck w/ TaxCut this year?

Will Turbotax 2003 import from TaxCut 2002?
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Why spend $20-30 on piece of crap tax programs, when you can get TaxAct Deluxe for $9.95, including a free electronic filing.
 

Squisher

Lifer
Aug 17, 2000
21,204
66
91
Originally posted by: CPA
Why spend $20-30 on piece of crap tax programs, when you can get TaxAct Deluxe for $9.95, including a free electronic filing.

You're probably right, but it's just been too convenient to import last years numbers.

 

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,589
5
0
Originally posted by: manly
Originally posted by: EagleKeeper
Tax Cut does not seem to retain all information from the previous years.
It was not detecting certain business replated depreciation items from the previous year and asked for the items agin.
Also, it did not retian dependants dates of birth.

TurboTax was always taking care of dependents. The business information was never asked for a second time.
I do not know if some of the TaxCut problems may have been due to inporting data last year from TurboTax.
You stuck w/ TaxCut this year?

Will Turbotax 2003 import from TaxCut 2002?

With the exception of dependent DOB, it looks like all the information from 2002 came into 2003

Originally posted by: CPA
Why spend $20-30 on piece of crap tax programs, when you can get TaxAct Deluxe for $9.95, including a free electronic filing.

Picked up Taxcut deluxe free (via ATHD & CC)
E-filing is also free w/ this version.





 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
I ran through mine with taxcut, but I've not submitted, though I did get to the end without any apparent issues.
 

wyvrn

Lifer
Feb 15, 2000
10,074
0
0
Originally posted by: RishiS
So you guys and gals w/o problems were able to d/l the updates and successfully complete your tax return?

I tried using the Update Manager in Taxcut to get the updated forms. It did not work. I tried downloading the manual update and running it, and it did not work. I checked the update readme, and the correct forms were included. So it was just a matter of the update process not working. Therefore, since I was ready to file my return, I just downloaded the form I needed from the IRS and filled it in by hand. Took 30 seconds because Taxcut had done the work, just would not print the specific form.

Overall, I am very happy with Taxcut. I was able to import last year's data without problems. The one bug in the program would not make me want to quit using it. I'm sure they will get it fixed next year, at least I hope they do.

 

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,589
5
0
Taxcut apparently has some problems running through business network proxies.
 

Kelemvor

Lifer
May 23, 2002
16,928
8
81
I have TaxCut but haven't used it yet. I don't expect it to be much of a problem...
 

iamwiz82

Lifer
Jan 10, 2001
30,772
13
81
I ran both to compare. Taxcut had a MUCH larger return, however this was due to an error on it's part regarding taxation of QTPs. I ended up filing with Turbotax
 

LakAttack

Senior member
Oct 29, 2002
533
0
0
I used TaxCut with no problems, and I had a moderate return (2 w2s, self-employment income with no 1099s, various other 1099s, long list of itemized deductions). Took me about 2.5 hours.