Friday, January 9, 2015

Irate TurboTax Users Can Get Free Upgrades Or HR Block Substitute

Janet Novack  for Forbes writes:  “Shame on you, Intuit!” John Olsen, a Missouri estate and insurance planning consultant declared on Facebook and LinkedIn this week. In an interview, he had even more choice words about Intuit,  the “unconscionable” changes it has made to its market leading TurboTax software, and its “complete contempt for its customer base.” After recommending TurboTax to other financial pros for 20 years, he said, he now has “every intention of bad mouthing Intuit whenever I get the chance.”\

What’s riling Olsen and other long-time users is this: the boxed software/download version of TurboTax Deluxe + State for 2014 lists for the same $69.99 as did the 2013 version (you can currently buy the 2014 version for $59.99 on the TurboTax site and $49.97 on Amazon). But you can no longer use Deluxe to electronically file a Schedule D , for capital gains and losses; Schedule C, for profit and loss from a sole proprietorship business; Schedule E, for rental real estate, royalties and distributions from partnerships; or Schedule F, for farm income. While you can report dividends and mutual fund capital gain distributions through Deluxe, investors who sold any stock or assets need to trade up to Quicken Premier (list $99.99, selling for $89.99 through TurboTax’s site and $79.97 on Amazon) to E-file. For a sole proprietorship with more than $100 of deductions in certain categories, even Premier won’t do. To E-file, you’ll need Quicken Home & Business (lists at $109.99, selling for $99.99 on TurboTax and $89.97 on Amazon). [snip]/ The article continues @ Forbes, click here to continue reading....


Post a Comment