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Thanks for pointing this out. I have used Turbo Tax for the last five years or so and won't be using them anymore. Each year either the state or federal come

Thanks for pointing this out. I have used Turbo Tax for the last five years or so and won't be using them anymore. Each year either the state or federal come back to me saying I didnt pay what I fully owed them. Now with a pre-filled return from the fed I'd know. Hopefully more TurboTax customers hear of this and boycott them as well!

briandear 8y ago
Turbotax is awesome and I have never had the government come back and say I owe more. If that’s happening to you, you clearly aren’t doing your taxes correctly.
cristianMD 8y ago
I had the same problem. never using turbotax again
- deanmoriarty 8y ago
  Same comment I posted above: did you ever track down the cause of the mismatch?
  - paul7986 8y ago
    Answering here... I used Snaptax each year it was offered/promoted in the app. That failed me and I had to pay back taxes. The last year or two I just followed their arduous step by step process in filing. That also failed me and I had to pay back taxes. Now I see this.. the most efficient and best way US taxes could be filed yet moneybags is holding us back from the most innovative/efficient system for filing. If the fed and state sent me my return saying I owe X... ok here’s that money and I’m done til next year. No surprise IRS letters saying I owe back taxes.
    - deanmoriarty 8y ago
      If I were to receive communication from the IRS saying that I owe extra taxes, I would compare my 1040 line by line until I can exactly track where I forgot to include the amount the IRS is asking. You are painting it as if they were black box calculations: they are not, especially for "traditional" tax situations it's very feasible to follow the forms (automatically filled by turbotax) and understand where your return differs. That being said, I agree with you that it would be nice if we were directly "billed" by the IRS, but what I wanted to understand from you, and reason of my question, was __exactly__ where TurboTax failed (e.g. exact line of the form or "Oh, I forgot to include a 1099INT via SnapTax that was reported to the IRS"), to get a better perspective of the specific issue. I've been using TurboTax for 10 years with a fairly elaborate tax situation (W2, multiple 1099INT, multiple 1099B, AMT tax for startup equity, AMT credits, backdoor Roth IRA, ...) and I've always been able to get the number right to the point that I never received any further bills from IRS (though I might get audited in the future, obviously).
deanmoriarty 8y ago
Out of curiosity, did you ever track down the reason of your miscalculation? I agree tax forms have many moving parts, but at the end of the day is math, so you should be able to exactly redo the calculations and see where you or TurboTax screwed up.
nodesocket 8y ago
Interesting, I am self-employed and use TurboTax self-employed together with QuickBooks Self-Employed. While it does take a lot of time and energy to complete the process, I have not had any problems in terms of underpaying and getting notifications from the IRS.

briandear 8y ago

Turbotax is awesome and I have never had the government come back and say I owe more. If that’s happening to you, you clearly aren’t doing your taxes correctly.

cristianMD 8y ago

I had the same problem. never using turbotax again

deanmoriarty 8y ago
Same comment I posted above: did you ever track down the cause of the mismatch?
- paul7986 8y ago
  Answering here... I used Snaptax each year it was offered/promoted in the app. That failed me and I had to pay back taxes. The last year or two I just followed their arduous step by step process in filing. That also failed me and I had to pay back taxes. Now I see this.. the most efficient and best way US taxes could be filed yet moneybags is holding us back from the most innovative/efficient system for filing. If the fed and state sent me my return saying I owe X... ok here’s that money and I’m done til next year. No surprise IRS letters saying I owe back taxes.
  - deanmoriarty 8y ago
    If I were to receive communication from the IRS saying that I owe extra taxes, I would compare my 1040 line by line until I can exactly track where I forgot to include the amount the IRS is asking. You are painting it as if they were black box calculations: they are not, especially for "traditional" tax situations it's very feasible to follow the forms (automatically filled by turbotax) and understand where your return differs. That being said, I agree with you that it would be nice if we were directly "billed" by the IRS, but what I wanted to understand from you, and reason of my question, was __exactly__ where TurboTax failed (e.g. exact line of the form or "Oh, I forgot to include a 1099INT via SnapTax that was reported to the IRS"), to get a better perspective of the specific issue. I've been using TurboTax for 10 years with a fairly elaborate tax situation (W2, multiple 1099INT, multiple 1099B, AMT tax for startup equity, AMT credits, backdoor Roth IRA, ...) and I've always been able to get the number right to the point that I never received any further bills from IRS (though I might get audited in the future, obviously).

deanmoriarty 8y ago

Out of curiosity, did you ever track down the reason of your miscalculation? I agree tax forms have many moving parts, but at the end of the day is math, so you should be able to exactly redo the calculations and see where you or TurboTax screwed up.

nodesocket 8y ago

Interesting, I am self-employed and use TurboTax self-employed together with QuickBooks Self-Employed. While it does take a lot of time and energy to complete the process, I have not had any problems in terms of underpaying and getting notifications from the IRS.