DON'T WASTE YOUR MONEY |
So this year I confidently bought my TurboTax 2012 software at our local Costco and started entering the data last night. I ran into problems right away. First they were simple problems like not enough digits for Utah's state payee ID number. I tried to enter the numbers ending with WTH, but the problem persisted. But then things got worse. The software starting asking me if I had taken pretax money from my IRA and put it into a Roth IRA. "No," I responded to the computer screen, "I needed to use it to live off as we are currently unemployed." The program seemed to be mixing up pre-tax and after tax revenue. "How odd," I said to my self, but I continued on into the night. By midnight I was really sweating and I had a pain in my chest as Turbo Tax increased my Utah tax to over $3000. The final straw was when the program asked me to enter the amount of tax that I was going to get back from the state of California. "Why are you asking me?" I said to the computer screen, "That's why I have you. I haven't even done my California return yet!"
A quick check on Google gave me a sick feeling in my stomach. I saw dozens of people with the same problems as I was having with TurboTax 2012. They were trying to help each other with advice on how to fix the same problems by entering the data a special way or by deleting and starting over.
I turned off the computer and went to bed.
The next day after I got home from work, I started off fresh again. "So far so good," I admitted as I worked my way through a confusing Utah state presentation. But quickly I realized that this certainly wasn't as easy as I had remembered from years past. More pretax/after tax mix up and more missing ID numbers. I was then told that I could not E-file and that I needed to include form TC-40S with my return. Was TurboTax really telling me to find my own form TC-40S and fill it out myself? Apparently so! I was appalled, but I obediently found the form on line and started to fill it out.
What was I doing?!?#@*&%$#@
I sat back in my chair and calmly took inventory of my situation. I bought the Premier version of Turbo Tax for about $60 at Costco. Then I spent over $40 more to add another state to my return. I had spent over $100 and all I had so far was emotional distress, loss of sleep, a pain in my chest, no chance of E-file, and a computer program telling me to get a form off-line and do it myself.
Just to let you know I have an appointment with a nice tax lady this Friday afternoon. She comes highly recommended and best of all......
She doesn't use TurboTax.
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UPDATE - 30 March 2013
I drove to to the CPA's home and within 45 minutes she had completed my taxes. She found a significant error in the draft Turbo Tax Federal Return....Turbo Tax had failed to identify and withhold a $500 fee for early withdrawal of money from an IRA. That is a significant error!!! But even though I had to pay additional tax, I will be getting a significant tax return this year.
The CPA charged me $85 for her work, which I gladly paid and I went home to wait for my checks to come from the IRS.
I count the $100 that I wasted on Turbo Tax to be a "Lesson Learned". I will not use Turbo Tax ever again. It is more expensive than a personal tax person and if I had used it to do my 2012 taxes there is a big chance that I would have been audited and had to pay back taxes, penalty as well as interest.