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myLot reputation of 83/100. rjscott (3069) 4 years ago

TaxAct is an online area that permits the filing of federal taxes free.

Would you ever consider using such a service?

At the price, it can't be beat ... BUT ...!

With all the Internet hacking going on, would you trust your Social Security number, your home address, telephone number, employer name, how much you earned, bank name and account number (for refund direct deposits), to be open to being hacked?

In theory it appears to be a good deal, but I would never risk having my information open to hacking, probing, being used to steal my identity, etc.

On average it costs me roughly $300.00 to have my taxes prepared by my accountant (who is in Pennsylvania), and mailed back to me to mail to the IR(effen)S.

I might be paranoid, but I've seen far too many reports about sites being hacked, and I don't want ANYONE to know how many millions I'm worth and what my bank account numbers are.

How about you?

Do you prepare your own taxes? Deal with an accountant? Don't pay taxes? (KUDOS TO YOU!) How do you handle your "responsibility" (which is not a law) to report your earnings?

Memo to self: It's better to be paranoid than to be parapoor by being parahacked. (C) 2009 RJScott

 

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bmorehouse1 (716) response was accepted on 6/16/2009.
denotes best response, click it to go to the best response.
tags:  grrrr, hacking, online filing, online tax, taxes
 
1. myLot reputation of 90/100. bmorehouse1 (716)   4 years ago

I should tell you that usually filing taxes with a lot of these online companies are not free. They always charge you for filing your state taxes. I have been using Turbo Tax for around 4 years or so. I think the first year my federal taxes were free, but now I have to pay. They charge on how in-depth you go. If you use just the simple plan it is less than if you try to find all your deductions, etc. I hope that my records don't get hacked into, but I just feel that it costs less for me to do it this way than go to an accountant. Best wishes.


myLot reputation of 83/100. rjscott (3069)  4 years ago

You're right. They DO charge for state filings. In Florida, I don't have that and I never thought to mention it in the original discussion.

I also am planning on using Turbo Tax. It seems pretty comprehensive and well worth the price that I paid for it.

I invested the $40-odd bucks to "test" it: to see how accurate it is compared to what my accountant comes up with and if I'm satisfied with the results, I'll drop my accountant next year.



myLot reputation of 90/100. bmorehouse1 (716)  4 years ago

Good luck!

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2. myLot reputation of 93/100. Irishfrndly65 (8534)   4 years ago

We use an accountant. We have our appointment this Sat, he sits down with us and does there right then and there. We take all our info with us, answer any questions, he fills it all out, we pay him and take our taxes to mail. It's been less than $100 so far. We never have enough to itemize, but this year we will have all the adoption info to add to it, so it may be a bit more.

We used to use this local guy but he is really slow. You give all the stuff to him and hope you don't have to file an extension. The year his computer crashed we never heard a word from them. We started calling and their answering machine was picking up saying the computer was crashed and he would be filing automatic extentions for everyone. We never did get a courtesy phone call and always had to do all the calling ourselves. That's just NOT the way to do business, especially if you want people to use you locally. You have to have customer service to compete with the larger businesses.

Our local phone company has a monopoly in this area yet they have the best customer service. If I call them they are usually out within 15 min, I kid you not. The latest has been same day service. Yesterday the gal called to tell me that because of something with our bill my next bill would be more than I would normally pay. She just called because she didn't want me to be suprised by the amount. I thought that was really nice.


myLot reputation of 83/100. rjscott (3069)  4 years ago

How do ya feel about online services though?

Would you trust them? Not me.


myLot reputation of 93/100. Irishfrndly65 (8534)  4 years ago

I don't really think I'd be comfortable with it!


earthshine (24)  4 years ago

I wouldn't trust them either.

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3. myLot reputation of 77/100. MYKLJ999_VERSION_2 (2961)   4 years ago

Ah yes, tax time...when the Infernal Revenue Service helps take a bite out of us.

I've always done my own taxes (when I filed them) because I am dumb.

Or something.

But they have never questioned my math, and I've always got a good chunk of change back and never had to pay in.

Last year I worked for cash, so I ain't filing this year; plus, the amount I earned was pretty small because I lost so much work while trying to get my hernia operation done so I don't have to file this year.


myLot reputation of 83/100. rjscott (3069)  4 years ago

Butt ... would you consider using a "free" service that could expose everything about you and your finances to the public (hackers)?


myLot reputation of 77/100. MYKLJ999_VERSION_2 (2961)  4 years ago

No.

Of course, I am also not sure that the damn hackers can't access that info anyway (from government sites), but I sure as hell ain't gonna give 'em another place to find it.

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4. myLot reputation of 98/100. palonghorn (4211)   4 years ago

Well, first off let me say, didn't know you were from the great white north(east) lol. I've only lived in Pa 4 years. Anyway, I do my taxes with TurboTax. I have for the past 3 years and I have had no problems doing it through them. And my refund is then direct deposited into my account.

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5. myLot reputation of 91/100. TessWhite (2022)   4 years ago

I've never used TaxAct. But I have used Turbo Tax for many years now when doing my own taxes. They also offer free federal filing with them.

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6. myLot reputation of 95/100. cobrateacher (4909)   4 years ago

So right, Dear Friend! I worry about the accountant e-filing, too. It can't really be avoided, and we have to hope the secure sites are really secure, but they do make me nervous. IRS has said they are in the process of doing away with paper filing altogether, so there will be no choice but to file online. Welcome to the Twilight Zone, where figments of Rod Serling's imagination are scrambling names, numbers and zip codes so Trump's Toupee will receive approximately $8 billion in refunds and I'll owe $17 million for this year!

Payroll expert Since 1963 For over 47 years we have provided payroll & Tax filing for business  www.telepayroll.com
 
7. myLot reputation of 97/100. p1kef1sh (7539)   4 years ago

i paid taxes for 33 years RJ. I haven't paid a bean since November 9 2007. Of course were I to return to work then matters would change. But no income equals no tax. Personally I would always prefer a real live person, even if he were in Pennsylvania, over a computer system when it comes to something as personal as my contribution to the salaries of the members of my country's government. But that's more because I like to know who I am dealing with than paranoia about identity theft. There's so much about me out there already that I kind of suspect that another set of folk knowing won't be such a great risk.

I am sir

Account No: 3462987

Citizen No: Y728456


myLot reputation of 89/100. busyB4 (791)  4 years ago

I tried TaxAct once and it didnt figure my tax right. I dont know where its glitch was but I ended up getting a letter saying I owed money instead of getting money back. I don't want any extra chances for audit so that was the LAST time I did my taxes online!

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8. myLot reputation of 98/100. sudalunts (4245)   4 years ago

I have always used taxact and when I was ready to file, it used to cost something like $14.95. Now there are different prices for certain filings, and they request you to update if you want a question answered, that used to be free.
I am going to owe a lot in taxes this year, have no idea where the money is going to come from.
I wonder if I would get a break like the politicians did who did not file taxes?

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9. myLot reputation of 97/100. fluffysue (828)   4 years ago

I haven't used Tax Act, but another site, and I had no problem. (I've used it the last two years and now I can't remember which one it is, I'd better remember soon!) Make sure you go to the irs.gov web site and choose one from their list, and use their links. You can find a few that are free. Some of them do charge for the state taxes, but the site I picked did not charge, though I think it may depend on your state.

I never pay anyone to do my taxes, but then I don't make a lot of money, am single, no kids, and own no property, so it is easy enough to do myself. The web sites make it even easier. If you are worried about your account numbers, you don't have to do direct deposit, then you do not have to reveal that information.

I just got the last thing I needed, one W-2 form which they ALWAYS send at the last minute, so I need to get to work on my taxes now, too. sleep

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