Joined: 11 Jun 2009
Online Status: Offline Posts: 987
Posted: 12 Mar 2010 at 14:30 | IP Logged
Don't forget if you get audited by the IRS "I used TurboTax" isn't considered a valid excuse if you screw up (just ask Mr. Tim Geithner)! People who could potentially face big fines/penalties/jail time would generally rather have a CPA to blame in this case than a software program (of course, the idea is to avoid issues in the first place).
Joined: 20 Jan 2010
Online Status: Offline Posts: 83
Posted: 13 Mar 2010 at 13:59 | IP Logged
carj3232 wrote:
The big money earners will always
use a cpa or firm
hit the nail on the head there. People using turbo tax
are usually making less than $100k... and thats not where
the big money is for tax firms. Rich people don't
typically do their own maitenance on their cars, because
its just not worth the time for them. Same thing applies
with taxes.
We make our money off doing the business returns, then
the 1040s / trusts / personal property tax / sales tax /
payroll tax etc for all these business owners.
We still do some small individual returns that turbo tax
could do, but thats not a huge chunk of revenues
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Topic: Turbo tax
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