News for hackers. Stuff that matters.
Re:Killing TurboTax by chrisseaton on Wednesday March 03, 2021 @12:23PM (#26331532)
> Each year, I look around for alternatives so I can avoid giving them money

Why not pay an accountant? Why is everyone trying to do their own taxes? By the time you've spent a couple of hours looking for alternatives... you might as well have just paid a professional to do it!

Re:Killing TurboTax by lotsofpulp on Wednesday March 03, 2021 @12:43PM (#26331833)
It’s pretty simple to do your own taxes unless you have your own business and partnerships and whatnot.

Spend a couple hours reading the instructions, use the IRS free fillable forms website, and you do it once and every year after it’s quick and easy. Things don’t change much year to year. If you don’t understand, post a question a personal finance forum and someone will pipe in with an answer.

Re:Killing TurboTax by d1zzy on Wednesday March 03, 2021 @01:29PM (#26332472)
> It’s pretty simple to do your own taxes unless you have your own business and partnerships and whatnot.

IDK about that. As a non-resident alien for tax purposes for a couple of years I couldn't use any of the existing software (TurboTax, etc). I even tried to contact a tax accounting firm like HRBlock and they had no idea about things I needed to file that I discovered on my own reading the IRS publications. So I did the taxes on my own and every time it was the most painful thing happening that year (yes, that likely means I lead an otherwise stress-free life), it took 3 weeks at least spending most evenings a few hours making little progress on it each day. And at the end of it I never felt very confident about it and I likely left on the table possible deductions.

But if there's one thing doing that helped with is appreciate how easy and painless is to do it as a resident alien with something like TurboTax (takes a few hours instead of weeks) and it helped me understand the terms and instructions of some of the more complex issues that you may have to deal with even with TurboTax.

Re:Killing TurboTax by throwawayboise on Wednesday March 03, 2021 @02:19PM (#26333049)
HRBlock is not a tax accounting firm. They are a service firm who hire people to sit in retail storefronts and key your info into TurboTax (or their internal equivalent).

You need a real CPA with a tax focus if you have "complicated" taxes.

Re:Killing TurboTax by shortstuffsushi on Wednesday March 03, 2021 @02:21PM (#26333086)
> As a non-resident alien for tax purposes

It seems like you are (were) a good candidate for a more comprehensive service for sure. Perhaps a better wording would have been "it's pretty simple as a resident and (W-2) employee," which encompasses the majority of those filing, and who probably don't need a service like TurboTax or an accountant.

Re:Killing TurboTax by StillBored on Wednesday March 03, 2021 @03:31PM (#26333991)
Actually IMHO, the difficulty with any of these things are tracking the right metrics. Particularly for "hobby" style businesses. You find out at the end of the year trying to avoid paying a bunch of taxes on something that didn't really make any money, that you mixed up or failed to compute your vehicle mileage correctly (or whatever).

So, having an accountant handling all the details, in the en puts the information at your fingertips that otherwise you have to scrape out of the box of receipts/etc. The tax filing parts are easy.

Re:Killing TurboTax by chrisseaton on Wednesday March 03, 2021 @12:44PM (#26331863)
> It’s pretty simple to do your own taxes

So why do people complain about it so much? To the point where they're writing their own custom software (?!) to do it?

Re:Killing TurboTax by ghaff on Wednesday March 03, 2021 @12:55PM (#26332005)
Mostly because it's an unpleasant task that can involve large sums of money if you put things in the wrong boxes. And even relatively straightforward brokerage accounts and second income sources start cranking up the complexity in a hurry.
Re:Killing TurboTax by lotsofpulp on Wednesday March 03, 2021 @12:58PM (#26332070)
I don’t find that to be true about brokerages. I have 4 different brokerages, and each one sends a well labeled 1099-B/DIV/INT.

Non W-2 or 1099 incomes with various deductions get things complicated though, and I would punt that to an accountant.

Re:Killing TurboTax by lotsofpulp on Wednesday March 03, 2021 @12:55PM (#26332007)
I don’t know. But if you’ve opened up the IRS free fillable forms website, and put up the accompanying instructions on your second monitor, and know how to read English, I don’t see how it’s difficult, if you’re income is from a W-2. Everything is kind of labeled and laid out for you.
Re:Killing TurboTax by throwawayboise on Wednesday March 03, 2021 @02:31PM (#26333181)
When I was in middle school (1980s) we did a tax return on paper, I think it was part of a Social Studies class? We were given a fictitious W2, number of dependents, etc. and had to fill out a 1040 and a State return (on paper of course, no computers then). This permanently demystified the process. I think a lot of people who pay HRBlock or similar to do their taxes have never tried to do their taxes manually and are just afraid to try.

I have always done my taxes myself, on paper, even years when I had capital gains, education credits, 1099s, and small business (single member LLC) income. It's a bit time consuming but not difficult per se.

Re:Killing TurboTax by ndiddy on Wednesday March 03, 2021 @01:05PM (#26332174)
I believe that's only for filing a federal tax return, and for filing your state tax return you still have to either use a tax preparation website or do it on paper.
Re:Killing TurboTax by mixmastamyk on Wednesday March 03, 2021 @01:20PM (#26332371)
California has a had a wizard-style site for... I'm not sure a decade or so.
Re:Killing TurboTax by everybodyknows on Wednesday March 03, 2021 @04:50PM (#26335156)
Here:

https://www.ftb.ca.gov/file/ways-to-file/online/index.html

Maybe a bit of an open secret? Found with "site:ca.gov", halfway down the DDG page.

Other little-known, useful USA services:

weather.gov new.nowcoast.noaa.gov

Re:Killing TurboTax by lotsofpulp on Wednesday March 03, 2021 @01:07PM (#26332213)
Many states offer online filing systems, might even be the majority now. You just have to visit the state’s tax department website.
Re:Killing TurboTax by htek on Wednesday March 03, 2021 @01:52PM (#26332741)
Because everyone (for certain values of everyone) has a niche issue that current software doesn't address or addresses poorly, or they just don't want to pay for something that the government should provide. It's their damn tax code, the least they could do is make it as simple as possible to PAY THEM MONEY.
Re:Killing TurboTax by artificialLimbs on Wednesday March 03, 2021 @12:57PM (#26332050)
> Spend a couple hours reading the instructions...

lol bro, I'm employed and married with 2 kids.

I guess that's considered a partnership.

;)

Re:Killing TurboTax by lotsofpulp on Wednesday March 03, 2021 @01:01PM (#26332127)
I used to do it myself when I was a W-2 employee, and I remember spending a few hours on it the first or second year, but after that it’s pretty quick since the process and forms don’t change much. Kids are just a couple credits and maybe a form for dependent care deductions.

But I also had a few hours to burn. I understand preferring to spend that time with kids instead. But it is worth noting that it’s a much smaller time commitment after the first couple years.

Re:Killing TurboTax by mixmastamyk on Wednesday March 03, 2021 @01:18PM (#26332350)
Yes, and you should understand how it works. That means doing it a few times. Like learning how to multiply before using a calculator.
Re:Killing TurboTax by breck on Wednesday March 03, 2021 @01:38PM (#26332576)
> Why not pay an accountant?

Complexity covers corruption.

Why not just pay the nice mafia boss the protection money, and stop complaining?

First and foremost, it's a matter of principle. It's just not right to have the tax code written in the way it is written. It is written by special interests. If we all just said "complexity is no problem, we'll all just pay a small fee to accountants", not only will that "small fee" keep going up, but it will get more complex, and special interests will be better served to the detriment of everyone else.

Pragmatically I do hire a CPA, and in general like paying for the high level strategic advice. But the tax compliance services should be unnecessary. My tax returns should be a single text document that I can keep in git and copy/paste/update each year.

Re:Killing TurboTax by chrisseaton on Wednesday March 03, 2021 @01:42PM (#26332620)
> My tax returns should be a single text document that I can keep in git and copy/paste/update each year.

But why do you even need a tax return? Most countries don't need it for the vast majority of people. Why does the US?

Re:Killing TurboTax by breck on Wednesday March 03, 2021 @02:23PM (#26333107)
I 100% agree with you. I think it creates lots of weird artefacts. I really like the continuous nature of the crypto world and smart contracts, and think the world will slowly pay off the technical debt of wierd arbitrary schedules and move to a smoother, simple, more transparent system.
Re:Killing TurboTax by snikeris on Wednesday March 03, 2021 @02:26PM (#26333138)
The last time I tried to use a professional, he asked me so many questions that I haven’t used one since.
Re:Killing TurboTax by ghaff on Wednesday March 03, 2021 @03:03PM (#26333634)
Mine sends me a tax planner every year. Yes, there are a bunch of questions up front but that's mostly to discover if I've had a change of status, some large transaction, a deduction I'm due, etc. Yes, I still have to round up my info but I don't need to figure out the right schedules, where to put the various data, etc. I get a pretty big sheaf of paper back.