You should be able to use Free or Basic Live. Here is a listing of forms for each version. If you are using desktop, you will need Deluxe.
Like all Turbo. Tax software, Premier aims to give customers the biggest tax break possible., turbo Tax Premier searches for more than 450 tax deductions and credits to find qualifying tax breaks.
CPAs double-check their work as well, but there is a human element to the accountant which is not present in the software, which can lead to a more accurate self-prepared return. You can file tax returns for previous years with Turbo. Tax if necessary.
Should I use turbotax or accountant?
An accountant can’t change the past – Using an accountant is probably not going to save you much money versus Turbo Tax for just filing a tax return. In general, Turbo Tax does a pretty good job of finding deductions.
In general, Turbo Tax does a pretty good job of finding deductions. Hire an accountant when your tax situation has changed – If you need hand holding throughout the tax filing process, then it makes sense to hire an accountant. For example, accountant #1 helped us learn how to file taxes as a single member LLC.
You may be asking “Should you use an accountant or tax software?”
Another reason people like filing with tax software programs such as Turbo. Tax is because they like being involved in every aspect of the numbers that are input on their behalf. When you use an accountant, you give up a certain amount of control regarding your tax return.
Should you use TurboTax to do taxes?
One of the great things about using tax software such as Turbo. Tax to do your taxes is that they have a number of different programs for people in every tax situation. Just for your benefit, I’ll share the scoop on each of the different programs they offer. I’ll also share what types of tax filers might benefit from each program.
One source stated that while some people with very complex or unique situations may feel more comfortable with the direct assistance of a tax professional, the majority of tax situations are easily covered by Turbo, and tax., turbo Tax offers online and desktop versions of its software, with different prices depending on your tax filing needs.
How many tax returns are filed with TurboTax each year?
Last year, more than 195 million tax returns and other tax forms were filed electronically; 14 million of those tax returns were filed with a version of Turbo, and tax. The tax software aims to simplify the tax filing process and find customers big tax breaks they otherwise would’t find on their own.