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Intuit sabotages the Child Tax Credit

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Re: Intuit sabotages the Child Tax Credit

#41

Post by akira2501 »

toomuchtodo wrote: post #31
SaltyBackendGuy wrote: post #14

Earlier quoted context omitted.

I wish that our government (the people who allowed them to be the middle man) would take some accountability. But I guess that would be uncharacteristic.

Citizens voted these people in, the blames lies with the electorate.

The citizens without the ability to directly recall the elected are to blame? There is a serious power and attention imbalance here, and the laws to do not leave the power in the hands of the citizens outside of a single day every few years.

It's hard for me to believe they are the source of the problem, particularly with such a shabby fourth estate.

Re: Intuit sabotages the Child Tax Credit

#44

Post by crysin »

randomhodler84 wrote: post #13

Consider using credit karma tax (run by good guy Jack Dorsey); it was forced to be split out from CK when they were bought by intuit. It’s free, it supports nearly everything you would need these days.

I know you're getting downvoted but I was hoping to get more context around the ownership situation of specifically Credit Karma Tax? Are there articles anywhere discussing how it will be spun off from CK or will it stay within their services just run by a different company?

Re: Intuit sabotages the Child Tax Credit

#45

Post by greedo »

vlovich123 wrote: post #17

How do we know that this is actually Intuit itself & not the IRS trying to reduce CTC payouts. After all, their enforcement budget keeps getting squeezed & they keep struggling to prosecute high dollar issues. Reducing their tax credits is a good way to improve the balance of the federal government.

Reducing the tax credit disbursements won't help the IRS budget. They have no incentive to do so.

Re: Intuit sabotages the Child Tax Credit

#47

Post by majormajor »

recursive wrote: post #19

That warning is terrifying. > Do NOT use this online form if you're required to file a tax return. Use of this online form creates a simplified 2020 tax return. If you're required to file a tax return but file a simplified return instead, you won't be able to e-file your 2020 Form 1040 or 1040-SR tax return. This will delay the IRS processing your return and issuing any tax refund. So... what? Do not use this site if…

My reading is that if you aren't required to file a tax return, this thing creating a dummy simplified one won't hurt you.

But if you are required to file one, you are likely to need a real one, and the dummy one will conflict with it. But it sounds like if you file a real one, you don't need this form, and this form is only for people who wouldn't otherwise file.

But the gist of the article - that the website is implausibly bad - seems correct.

Re: Intuit sabotages the Child Tax Credit

#48

Post by lowercased »

throwawayboise wrote: post #27
lvspiff wrote: post #15

Earlier quoted context omitted.

does H&R Block handle investments and cost basis year over year information? That's the only tripping point im finding with whatever product I look to in comparison to Turbotax. Once your tax situation starts down that path I'm noticing getting a product that can pull from multiple investment accounts and keep track of cost basis correctly really narrows it down to Turbotax so far for me.

At that point why not engage an accounting firm? Yes it would probably cost more, but you're supporting your local economy and have a human being to discuss any questions with (as well as be responsible for any mistakes).

agreed. it's "more" money, but generally less headache, you can ask questions, and get answers specific to your situation, especially questions that may include state/local tax concerns as well.

Re: Intuit sabotages the Child Tax Credit

#49

Post by only_as_i_fall »

runawaybottle wrote: post #22
krferriter wrote: post #18

Earlier quoted context omitted.

They're a corrupt, profiteering company that does everything it legally can to stop people from filing taxes for free. https://www.propublica.org/article/inside-turbotax-20-year-f...

But listen to my argument, I’m willing to pay to have an easier time filing my taxes. I’m not going to use IRS’s tool if it doesn’t make it a painless process like TurboTax. So I ask again, will the IRS make a painless tool? If the answer is yes, but Intuit is lobbying them not to, then I understand your point. If it’s just about free vs non-free, I could care less. Filing taxes or filling out anything for the govern…

Most other first world countries manage to offer some form of return-free filing. In that instance you wouldn't have to fill out anything at all.

Re: Intuit sabotages the Child Tax Credit

#50

Post by cableshaft »

hydroxideOH- wrote: post #29

What should I use to file my taxes if I want to move away from TurboTax?

I've had great luck with freetaxusa.com, personally. I've been using them to file taxes for like, 10 years now.

E-filing the federal tax form is free, and state tax form is only like $14 I think, really cheap, and the website does a good job taking you through it step by step in an easy to understand way.

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