I usually file with a local company but I want to do my Taxes myself online, I want to use Turbo Tax unless I hear other wise…OK what plan to pick they have 4, my husband was a self contractor 7months this year and I have a reg. w2.. we have 4kids and he has a ton of work stuff to clame, what should I do to get the best return?? thank you

they have these to pick from:

1.If you don’t need much guidance for your simple return, choose TurboTax
Free Edition.

2. To maximize your deductions, choose TurboTax Deluxe.

3. if you own stocks, bonds, mutual funds, or rental properties, choose TurboTax Premier.

4.If you are a sole proprietor, consultant, contractor, or single-owner LLC, choose TurboTax Home & Business.

If you filed your taxes via Turbo tax, and authorized them to deduct the processing fees from your refund amount- did you know that will delay the amount of time it will take you to get back your money? You’ll get a copy from Metabank that has this message:

"Thank you for selecting Meta Bank to process your income tax refund. We have received notice from the IRS or state agency that all or part of your tax refund will be deposited with us on………
As soon as we receive your refund, we will make all authorized deductions and disburse the balance of your refund to you using the disbursement method selected by you. If you elected to have your refund deposited into your personal account. please allow 1-2 business days for your bank to post the deposit to your account."

My question is- what is the longest Meta bank will hold on to the money?

I am self employed, While trying to find receipts and things for utility bills and other receipts, I found deductions that I forgot to report. I also reported "MORE" income then I actually made.(Yes, I actually said I made more money than I really did) I am a horrible book keeper and should never do my own tax returns, I did use Turbo Tax.

Anyway, going over things, I discovered that pretty much the whole return was done wrong. I tried not to deduct to much because I didn’t want to throw up red flags, So I actually stopped looking for more deductions. I was actually trying to avoid showing a loss on my 1040 schedule C , Not good when you are trying to buy stuff on credit when you are self employed. But anyway, I still get this face to face examination letter questioning deductions I did take. I can’t find the receipts for some of this stuff. I do have receipts for allot of the deductions I am entitled too, but didn’t report. I am seriously stressed out and I really want to correct this 2008 return before the examination if possible. Can I do it? Anybody know? Should I just take the receipts for deduction I didn’t take? I don’t really care about a refund, I just don’t want the IRS to throw me in jail and take my business and my house!!

Help!

`Bob from Baltimore
I can’t find receipts for some of the items in question. I did pay by check and some things I paid online. Will the transactions that shows up in my bank statements serve as a receipt for the items I am being asked for?

I want to make sure I buy the right software that will give me all the correct deductions. In the past I have used HR block online without any problems but we have new items to add to my tax return. I read some reviews (best buy website) on turbo tax some people not being able to file child tax credits or having to pay extra fees for add’l returns…etc…each has pros & cons…I just don’t want to miss out on the best possible refund I can get.

In 2008 I purchased a home.
I have 2 children 5 yrs & 8 yrs so I want to be able to claim them for the additional tax credit. I paid child care fees as well. Not sure what other items I can deduct or what’s new with 2008 tax credits.

I want to file my boyfriends return as well. (Without paying any add’l fees) His will be a simple tax return, as mine will be a little more work due to the house purchase & my children. This year I want to purchase the software not just file online.

Any advice on turbo tax or Hr block premium or non premium….etc. Bestbuy.com offers like 8 different types of programs. I do know I do not need the business one.

Any advice on the best possible program & if any other new credits I can deduct?

Thank you
I also have to add the mortgage intrest etc…in the return. As well as a intrest bank statement 1099 I think.

I’m a full-time student who worked sporadically last summer and fall moving furniture. I received a 1099c stating I earned about 00. With my education expenses, and other deductions, my "net income" is something like -6000 dollars.

However, Turbo Tax is telling me that I still made about 4300 dollars in "business profits" and that, despite living a student loan debtors life with a hugely negatively net income I still owe 615 dollars for business income. Is this right? Do I need to pay 613 dollars despite my income being incredibly inadequate to my expenses?
I did mean misc. Thank you Wayne.
Thanks Anna. It did dawn on me that there were probably "business expenses" that could be deducted.

I filed fed/state taxes w/ turbo tax and took a deduction for having a home office. I was a 1099 employee, working from home for part of the year. I did not file a business name w/ the state of CO though. I’m a bit confused as to whether I filed correctly. Can I take this benefit although I do not have a business name?
Business did not requuire I had a license. The deduction I took was prorated for the portion of the year I worked from home

I am self employed and doing Turbo Tax schedule C for the first time this year.I have a cleaning business,and use my car to get me from client to client.What deductions are allowed for my car?Gas? Repairs? Milage? Please don’t answer unless you are sure.Thanks alot.

Hi. I have Turbo Tax 2007 Home and Business. I started a new company last year. No revenues – only expenses. I rent where I live. I tried to add my home office as an expense, but it didn’t work with Turbo Tax. I think it’s a bug in the software. I was on the phone for an hour with their tech support, and he had the same issue. Does anyone know which fields I can fill out to over-ride their software and enter my deductions? I looked on the form, and it’s going to bring my home office expenses over to 2008. Not sure why. Thanks. And, I know it’s last minute being April 14th and all.

I have a pretty standard tax return and took the standard deduction but after submitting the return came back from turbo tax indicating I had multiple vehicles and gave me several steps to correct. I re-visited my return and double-checked for accuracy. Any idea why it would have rejected this when I did not itemize any deductions?

I Filed the 2006 And 2007 at the same Tax Office (J&R Tax Service). And I just Received a Notice Saying I owe The IRS Money! The IRS Is telling Me I had To many miscellaneous Deductions. I Did my taxes at this place because it was recommended to be by several people. And The Better Business Bureau The IRS says I claimed Deductions in the amount of ,999. But i Only Grossed ,000 that year. It Makes No Sense! I Dont remember Looking at the forms and i miss placed the copys them gave me. I Got Back about 00 on my return. It seemed about right because the year before i used turbo tax and i got back like 00. So i thought nothing of it. But Now im Being Told That I need To Come Up With Proof Of Those Deductions or Else Pay Back 00. WHAT SHOULD I DO? I Went To This Place Trusting Them To Do Things Right Because I Knew Nothing About Taxes. And Now Im Being Audited. Im Worried Because I also Did The 07 Return There And Im Thinking This could All Come Back Up Again IF They Did The 07 Taxes The same way! ADVICE?!?!?!?!