<p>^^ I use TurboTax for my kids’ returns and have never had to go back to a previous year’s return to look up a figure. Everything transfers over smoothly from one year to the next. What number is it making you look up?</p>
<p>I’ve used Turbo Tax for quite a few returns and have never had to go back and look up a number. I especially can’t see why you’d need a number from 2001 that it should have carried forward.</p>
<p>Parent’s current year 1040 line 43 or whatever the heck that line is has to be manually entered. Taxes for kids who can be claimed as dependents on parents’ return.</p>
<p>I was not clear that the number from 2001 was not for the kid. It had to deal with an ISO sale (TurboTax does not do well with those).</p>
<p>My taxes are usually pretty simple. I have used Tax Cut for about 10 years now. this year - ugh. sold some property. undeveloped land that had been held for 20 years. huge capital gains bite. I have spent the past 8 months trying to figure out a way out. Guess I will write the check tomorrow. it will be painful but I am grateful the gains were not invested in the stock market last spring.</p>
<p>I used to not mind doing my taxes - we have to do federal, PA and local. But now all my kids want me to do their - can’t they fill out their name and address on a computer?
egad. next year I am gonna charge them!</p>
<p>I’ve used TaxAct for a while - they have a free Federal version and paid Federal and State versions. The free one is fine by me. I spent about 10 hours on three returns. That’s a lot better than it has been in the past. I like to know what’s going on in taxland and check out the new stuff for last year and next year.</p>
<p>Next year could get really messy with our son. A company is asking him what his rate is for contracting work. I have a shell company setup that we could use as an entity or he could just do a schedule C for Federal and file a Business Tax Profits form for NH taxes in addition to Maine and Massachusetts taxes. I don’t think that our daughter is going to work this summer (she wants to have fun).</p>
<p>My H&I owe money from the IRS so we will wait until the last minute to mail, everything is done, just waiting for hubby to sign, seal, & deliver. DD did her tax return last month in 15 minutes.</p>
<p>And now IRS wants to scrutinize electronically prepared tax returns:</p>
<p>[IRS</a> to double-check accuracy and safety of e-filings : Yahoo! Tech](<a href=“Yahoo Tech | Technology News, Updates, Reviews & Stories”>Yahoo Tech | Technology News, Updates, Reviews & Stories)</p>
<p>I just finished up a few minutes ago… 
this year we OWE!! Guess it’s because we no longer have kids to deduct or education credits…but I surely was not expecting this…I’ve never been this late filing…but if I owe, I’m not sending until I have to.</p>
<p>Son gets a good chunk back 
He can use it!</p>
<p>Finished 2 1/2 months ago. Check arrived six weeks ago.</p>
<p>What did you do with the check? If I ever get a refund, I always feel like I should blow it.</p>
<p>We had to look up kid’s AGI from prior year to sign the return this year</p>
<p>I try to adjust the numbers so we do not have to get a check and do not have to pay penalties. No more interest-free loans to the Fed form us after they had held our money as an AMT hostage for a year.</p>
<p>The three envelopes are on my desk with postage waiting to be dropped off at the post office. There’s a fourth envelope with a donation check that’s about the size of the refund. I noticed that you could donate directly on the Mass return - not a bad idea.</p>
<p>I usually wind up with a large refund. A tax-free loan to the government isn’t a big deal as I’m not getting much on my Treasuries anyways. If I file for an extension, I usually just toss in a large check and get it back in the fall. For the state, I leave a several years of tax payments with them. They require quarterly estimate payments and I’d just forget to do them. The interest and penalties compound pretty quickly if you’re late (to the point where the I&P can get bigger than the original tax and then really take off) so I’d just rather not worry about it. Not efficient but I get some peace of mind.</p>
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</p>
<p>This may be my mantra in life.</p>
<p>Just sealed the envelopes. Self employed, I pay.</p>
<p>Right now, I hate my life.</p>
<p>I can’t find a stapler in this house, so I am going to have to seal the envelopes at work, tomorrow, and spend lunch hour tomorrow standing in line at the PO (because I’m too paranoid to just overstamp and stick in the mail slot…)</p>
<p>Just finished my estimated taxes for the first quarter, now I can go to sleep!</p>
<p>My accountant finished our taxes in the beginning of March. It was great, we owe only 1/5 of what we paid last year. Unfortunately I got a K1 only 2 weeks ago after my taxes were completed. May have to do another filing.</p>
<p>I would like to say (and I might start a new thread on this) that I’d like to give a shout out to an anonymous CCer who helped D1 get her 1099 from her contract employer (I asked about it on another thread) in time to file her taxes. After all the time D and I had spent on trying to take care of this, it was basically done in less than two hours once this poster sic’d her husband on it.</p>
<p>Picked up the taxes from the accountant last Friday, and mailed them today, with rather large checks going to the IRS.</p>
<p>Well, I take this day off every year to work on my taxes. I start after breakfast and usually finish up by dinner. Being resigned that I must pay every year, I contrast it to going to the dentist for twelve hours. I cringe at its necessity. The schedule E form can be very challenging at times. I just glad those accounting courses I took so long ago have paid off. I’ve just about hit Barack Bottom! lol</p>