- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Best place to get to do your taxes
Posted on 11/18/14 at 2:27 pm
Posted on 11/18/14 at 2:27 pm
I just checked H&R Blocks tax calculator and it claims I am supposed to be getting 3x the amount of a refund which I received last year. My income has risen around 9% over the last year but no other personal changes have been made (ie: dependents, still no mortgage, etc.). I have used turbo tax the last 3 years because it is the quickest. Should I ditch turbo tax and check out one of these tax branches?
ETA: My financial situation isn't complex enough to warrant the use of an accountant.
ETA: My financial situation isn't complex enough to warrant the use of an accountant.
This post was edited on 11/18/14 at 2:29 pm
3
Posted on 11/18/14 at 2:34 pm to Mootsman
quote:
ETA: My financial situation isn't complex enough to warrant the use of an accountant.
if this is true, I'd suggest sticking with turbotax
I doubt HRB really has enough info to validate those 3x claims
Do you use a free version of turbotax or one of the deluxe versions?
We probably need to know more about your situation honestly
Posted on 11/18/14 at 2:38 pm to Croacka
quote:
if this is true, I'd suggest sticking with turbotax
I agree. I used it for many years until my situation got a little too complicated for me to feel comfortable doing it myself. Never had an issue at all with them.
Posted on 11/18/14 at 2:53 pm to Croacka
quote:
Do you use a free version of turbotax or one of the deluxe versions?
It's not free. I don't think it's deluxe either. Honestly I just put in my income information from my job, put in interest paid on a student loan I took out in school, and place in capital gains on any trading gains I made that year. Other than that I don't have much else to put in turbo tax.
Posted on 11/18/14 at 3:07 pm to Mootsman
When you use TurboTax you use the interview process to determine what information to enter into the software. Hiring H&R Block is hiring someone to complete that interview process for you. They receive limited training that teaches them what information to look for and how to use the information to get the result H&R Block deems satisfactory. Hiring a CPA, or enrolled agent, gets you the same as hiring H&R Block with the addition that the CPA should have the knowledge of how to use the information to get the best possible results for you as an individual.
I am skeptical that H&R Block's tax calculator can accurately determine from limited information that it could get you 3 times the refund that you got from TurboTax unless we are talking about an insignificant amount of money. The only way it would be possible is if you completely blew the interview process, or if your return was more complicated than you make it out to be.
I am skeptical that H&R Block's tax calculator can accurately determine from limited information that it could get you 3 times the refund that you got from TurboTax unless we are talking about an insignificant amount of money. The only way it would be possible is if you completely blew the interview process, or if your return was more complicated than you make it out to be.
Posted on 11/18/14 at 3:13 pm to Mootsman
I could never reccomend anyone using HRB or the other "retail" tax prep places. I've seen them screw up too many returns, and for what they charge, you can easily find an Enrolled Agent, or even a sole practioner CPA.
3x refund doesn't tell me anything. If your refund was $25 last year and $75 projected, that's very possible.
Here is what I tell people:
If you have simply a wage income, some non-complex investment income (i.e. you own stocks, bonds, funds, and no crazy itemized deductions - do Turbotax.
If you own one or two rental properties, or have a lot of stock transactions - do turbotax deluxe, or consider using an EA.
If you own multiple rental properties, have options trading, or make enough income where you are now subject to the net investment income tax - go see a EA or a CPA.
If you own your own business (including a partner in a partnership), are a professional that makes over 175K a year, or own any kind of private equity partnership, go see a CPA.
3x refund doesn't tell me anything. If your refund was $25 last year and $75 projected, that's very possible.
Here is what I tell people:
If you have simply a wage income, some non-complex investment income (i.e. you own stocks, bonds, funds, and no crazy itemized deductions - do Turbotax.
If you own one or two rental properties, or have a lot of stock transactions - do turbotax deluxe, or consider using an EA.
If you own multiple rental properties, have options trading, or make enough income where you are now subject to the net investment income tax - go see a EA or a CPA.
If you own your own business (including a partner in a partnership), are a professional that makes over 175K a year, or own any kind of private equity partnership, go see a CPA.
Posted on 11/18/14 at 8:16 pm to LSUFanHouston
Solid advice
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News