#Buy turbotax 2016 how to
#Buy turbotax 2016 install
#Buy turbotax 2016 full
#Buy turbotax 2016 software

You have to install the updates before you file your tax return or it could easily be wrong. This isnвЂ™t a Turbo Tax problem so much as it is a user error.

Problem 3: Not updating the program before you e-file. And thereвЂ™s no excuse for buying the wrong one: go to their web site and do their quiz to determine which package is right for you.

#Buy turbotax 2016 software

Of course I will gladly prepare a depreciation schedule for your property (for a fee), but if you donвЂ™t use the correct software when preparing your tax return, there could be other problems that you wonвЂ™t realize like passive income limitations (sounds like IвЂ™m speaking Geek doesnвЂ™t it? I am.) The right software will keep you out of trouble. Yes it does, if you buy the Premier edition. IвЂ™m always amazed when people call me for help because they want to depreciate their income property by hand because Turbo Tax wonвЂ™t do it for them. I cannot stress this enough, if you need the more expensive package, donвЂ™t be cheap вЂ“ buy it.

Business вЂ“ for persons filing corporations, partnerships and LLCs.

Home & Business вЂ“ which is for sole proprietors.

Premier вЂ“ which includes everything in Deluxe but also handles investment income and rental property.

Deluxe вЂ“ for regular 1040 returns with home mortgage interest and charitable deductions.

Basic вЂ“ for simple tax returns with no itemized deductions.

Turbo Tax has 5 versions of its product, plus its online applications. You might pay a little more for Turbo Tax to get that service, but itвЂ™s there when you need it so donвЂ™t be afraid to use it.

#Buy turbotax 2016 how to

You can tell her youвЂ™ve got a number on line 53 but it really belongs on line 29 but you canвЂ™t figure out how to make it work and sheвЂ™ll guide you through it. You call the phone number and you get to talk to an Enrolled Agent who understands tax issues and the Turbo Tax software. Second, one thing that Turbo Tax does well is that they have real people who can answer your questions. I asked her, вЂњWhy didnвЂ™t you change it like I told you to?вЂќ вЂњBecause Turbo Tax wouldnвЂ™t let me,вЂќ she said.Дealing with that problem: First, you need to know that вЂњTurbo Tax wouldnвЂ™t let me,вЂќ is not an acceptable excuse in Tax Court. She had received a notice from the IRS stating that she wasnвЂ™t allowed to claim that $4,000 tax credit I had warned her about. Anyway, a few months later she was in my office again.

Granted, she wasnвЂ™t going to get that big refund she was expecting, but her return would have been right. I explained the problem and where the $4,000 needed to go. That was wrong the $4,000 belonged someplace else. (I charge a fee for that but itвЂ™s much cheaper than paying me to do your taxes for you.) One year, I reviewed a womanвЂ™s return and she had put a $4,000 tax credit on her return. For example: one of the things I do is review tax returns that people have prepared for themselves before they send them to the IRS. Problem number 1: вЂњThe program wonвЂ™t let meвЂ¦вЂќ This is the one I hear most often, вЂњThe program wonвЂ™t let me change the number, it wonвЂ™t let me delete my neighborвЂ™s child.вЂќ Turbo Tax is great when youвЂ™re in the act of preparing your taxes, but itвЂ™s not as easy to go back in and make a change if youвЂ™ve done something wrong and need to correct it. This is just a heads up for people using the number one tax software in America. So when I title this blog post as вЂњProblems With Turbo TaxвЂќ, youвЂ™re not going to find an exposГ© of all things bad with the company. I have worked for one of their competitors вЂ“ and I still like Turbo Tax better. I even seriously considered going to work for the company. I used to tell people that IвЂ™d do TV commercials for it.

#Buy turbotax 2016 full

Working on your own taxes can be frustrating no matter what software program youвЂ™re using.ДЇirst, full disclosure: I love Turbo Tax.