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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc.

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Old 02-08-2011, 08:11 PM
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marniewon marniewon is offline
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Location: Michigan
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Default I Thought Tax Software Was Supposed To Make Things Easier!

*sigh*......I have all the paperwork (at least for my business) done on actual paper. I did my return using TaxAct and it's completely different! I showed (on paper) a profit of $1565 and TA shows a loss of over $2000! I've reviewed the info on TA several times and cannot find the error. And I can't see the actual forms (except 1040) until I pay for the filing. I have always used the "have fees taken out of tax return" type of payment, but that doesn't seem to be an option this time around.

Not really looking for advice - unless you know what I could be doing wrong! - just a vent I guess.
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Old 02-08-2011, 08:50 PM
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TomCopeland TomCopeland is offline
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Default Tax Software

Yes, tax software can be a pain. Usually, I can open up the pages of the tax forms to see what's on each line before I have to pay for the software. Sounds like that can't be done with TaxAct.

My advice is to pay for the software but don't file it until you can see what the difference is and fix it.



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