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Can i prepare other people's taxes with turbotax or taxcut software?
Wiki User
∙ 13y ago
Not legally, TurboTax and like software have licensing agreements which state you can only use it for personal use I believe. In addition as of this year you have to file with the IRS and get a PTIN if you plan on preparing anyone's taxes. If you wanted to prepare taxes as extra income, you should go the the IRS website and read up on it and look into professional tax software such as ATX which will allow you to prepare and e-file returns for your clients.
Wiki User
∙ 13y ago
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What is best Computer Tax preparation kit?
Open to many arguments...and it may depend on any sepcial circumstances...but most all the big names are absolutely great and it becomes a matter of personal preference. TurboTax and TaxCut being the biggest probably.
How can you file your 2007 taxes for free?
Blank federal forms for 2007 are here: http://www.irs.gov/formspubs/article/0,,id=182756,00.html You can probably find blank state forms here: http://www.taxadmin.org/fta/link/forms.html (If not, just call your state tax agency's general information line and they will mail you the forms you need.) Fill out the forms and mail them in. Unfortunately, you will need to pay for a postage stamp. If you like, you can download a free copy of the 2007 TaxCut Basic federal software here: http://download.cnet.com/TaxCut-Basic-2007/3000-2047_4-10608490.html While you can use the software to prepare your federal return, when you are done you will have to print out the completed forms and mail them in.
Can I print out federal tax forms 1040 from the IRS website?
Yes, you can print just about any form you need from the IRS website. To be honest, if you are doing your taxes yourself, I would suggest one of the services out there that can help you. TaxCut or TurboTax are great ones and there are other free services out there that can help you. You sure can, try this site for the form you requested. Have a printer ready. http://www.irs.gov/pub/irs-pdf/f1040.pdf
Can 2007 taxes still be filed?
Yes. You can find the federal forms here: http://www.irs.gov/formspubs/article/0,,id=182756,00.html You can find a free downloadable copy of Taxcut 2007 here: http://download.cnet.com/TaxCut-Basic-2007/3000-2047_4-10608490.html You can get copies of your state tax forms from your state tax department's web site or by calling their general inquiry phone number.
Should you write off your medical bills?
The most professional way I can answer this question is to give you my example of doing my '07 taxes. Even though I was confident about meeting the "7.5" threshold everyone talks about (it means that since i made 20 grand that year i could write off reciepts after approx $1500 to meet the threshold) and my medical/dental bills added up to about 3 grand. Also that same year I moved to a different state for a job so I wrote off 4 grand in movers expenses. After all that .... the record keeping was for nothing. The gov't gives you over 5 grand as a standard deduction if you are single w/ no kids. So, all this record keeping was in vain since TaxCut told me to use the standard deduction saying it is better than itemizing even after all that out of pocket cost. Even though my totals were over 7 grand you only get a fraction of stuff like moving expenses back. I send this response in hopes of keeping people from making the same costly mistakes i did like paying for past bill statements and paying doctors out of pocket at a reduced rate rather than just filing through my work insurance. I thought I'd get money back but even after 3 grand in medical receipts and 4 grand in moving expenses TaxCut still told me to go "standard". It is sad to say but unless you had a major medical condition that you had a to pay a ton of money out of pocket or unless you made very little money that year and still had a handful of medical bills then this medical part of the refund is really just hopes and wishes for a majority of people that could really use and need it. Hope this helps!
Should you use turbotax or taxcut?
You can choose the one that you find the easiest for you to use for your circumstances.
Are there really any totally free tax preparation software systems out there?
TurboTax, Payroll tax service, TaxACT, and TaxCut all have free tax software for people on a low budget. However, some software requires purchases of things to go along with the software.
Which tax software is best for self-employed tax payers?
TaxCut is great tax software if you're self-employed.
What are the best tax programs to get a large sum?
TaxCut, TaxAct, and TurboTax are the most popular programs. However, many times an experienced tax professional or accountant can identify additional tax credits or deductions.
Which tax software is better TaxCut or TurboTax for an individual tax filer?
I have used both and both are very user friendly. CompleteTax and H&R Block at Home are also good options for individual filers who want to do their own taxes. Please see the "Related Links" section below for additional information about features of each of the above.
What is a good tax software for someone with lots of investments?
H&R Block TaxCut 08 Premium has help for investors built in.
What are the reviews and what is the cost for tax cut software for 2012?
For the year 2010, TaxCut software is running around twenty-five bucks. This software is a part of H&R Block. You can find more about it through their website.
What is best Computer Tax preparation kit?
Open to many arguments...and it may depend on any sepcial circumstances...but most all the big names are absolutely great and it becomes a matter of personal preference. TurboTax and TaxCut being the biggest probably.
What is the highest-rated quick tax software with the best reviews?
The following reviews are from last year's version of the software. Overall, TaxCut is one of the very best free file software programs available.CompleteTax offers quick and accurate tax calculations in an interview-based software format.
What office, tax and accounting software have other sister programs that can track and follow point of sales systems?
TaxCut can integrate with POS sales systems very well.
How can you file your 2007 taxes for free?
Blank federal forms for 2007 are here: http://www.irs.gov/formspubs/article/0,,id=182756,00.html You can probably find blank state forms here: http://www.taxadmin.org/fta/link/forms.html (If not, just call your state tax agency's general information line and they will mail you the forms you need.) Fill out the forms and mail them in. Unfortunately, you will need to pay for a postage stamp. If you like, you can download a free copy of the 2007 TaxCut Basic federal software here: http://download.cnet.com/TaxCut-Basic-2007/3000-2047_4-10608490.html While you can use the software to prepare your federal return, when you are done you will have to print out the completed forms and mail them in.
Is Intuit still the most popular tax software?
Popularity really depends on the person, couple, or family. But the three most well-known tax services are Turbo Tax by Quicken, TaxCut by H&R Block, and TaxACT.
