This is what I use since I write off my horse expenses. It is easy to follow along with to get everything in the right place. I do have an accountant friend though that I can ask questions too when needed.
I haven't had the time to take a good look at it so this is a clueless question. Do you use this software all year long or do you get it like now to do 2013 taxes? Thanks for the replies.
It's pretty good. It is now owned by the same company that makes QuickBooks. The idea is you do your bookkeeping all year and then import or type in the summarized information from QB into TT to prepare your tax forms. TT doesn't do any bookkeeping and it isn't available all year - not until the IRS gets some end of the year information available. You can buy it now.
I used it for years and got frustrated with it and switched to H&R Block's Tax Cut software which is cheaper - in all ways. Costs less and is much less polished software. TT took the approach several years ago that it wanted to work like "wizard" that took you through everything step by step. Probably a good decision for most users but it annoyed me. I like to work on a section, skip to a different section and work there, then skip somewhere else. I don't do taxes in a linear approach, I guess. Other than that, TT is better than Tax Cut. Well, and TC is cheap.
Depending on your situation, TT might be a great choice. However, nothing beats the advice you can get from a good tax accountant. There is a reason that one of the items always listed as a strongly correlated to business failure is lack of a good outside accounting firm.
I'm a CPA but haven't practiced for years and never did do taxes. I hire a really top tax accountant so I can be sure I'm doing things the best way. I can fill out the forms, he gives me higher level advice that saves me a bunch. TT can't compare.
Turbotax
