There needs to be a path for small home based businesses to follow so that the user doesn't get stuck in tax or legal terms.
IE if the small business is a corporation, the owners may take earnings from the business as compensation to officers - couldn't find a reference anywhere
I would like it if Turbo Tax used the filing year's form to help prepare you for filing the following year. After you've finished, answer a few questions about expected changes (or gonna-stay-the-same). Then provide a list of deductions, information, information we should be preparing, saving, recording, filing - whatever - to assist in filing the following year.
For example: We need to do better recording mileage to doc apts. Also include a link to It's Deductible - Our son will be starting college in the fall. What do we need to know/record/do to prepare for taxes.
Thanks.
Pros: My job status changed this year (switched jobs, lost a job, got a raise or promotion)
This is our tenth year of using TurboTax, and I cannot imagine doing it any other way. It is complete, easy to follow, walks you through the questions, and helps prevent errors. I love doing taxes this way!
I wasn't looking for a social encounter with your software. I would like a more efficient path. For me, the comments, faces, and single question pages just waste time in a tedious process. Starting each new type of income from the top of list each time wasted time by repeatedly bypassing sections that were never even used. Single question pages should forward the questioning for the 90% of users who will answer yes or no. A back buttor or visible running script would give users a chance to reconsider the automatic forwarding. Or give us the option to auto-next.
Did not ask about interest on my RV. Had to go to the Schedule A and add it to line 11.
Received a notice for my 2011 return a few months ago because I rolled up all interest paid on line 10 and did not receive a Form 1098 for the RV. Did not know it went on a separate line. Needs to be more clear.
Been using TT for 20 years. A great product. Not sure why people pay to have taxes done!!