or Connect
Mothering › Mothering Forums › Natural Living › The Mindful Home › Frugality & Finances › Turbo tax vs HR block=bigger refund?
New Posts  All Forums:Forum Nav:

Turbo tax vs HR block=bigger refund? - Page 2

post #21 of 29
Quote:
Originally Posted by Shelsi View Post
Oh and I forgot to say that my best friend is working for H&R Block this year doing people's taxes. She's was going to school to be an accountant but dropped out a few years ago with a few classes left. She never took any specific classes on taxes and she just took a short 4 hour training course with H&R Block.
this is an important point - if you do chose to use H&R block or any tax preparer ask them about their background, eduction and experience. don't assume that the person knows what they are doing simply because they say they are.

as mentioned before, the H&R folks are basically filling in a tax software program with information you give them. there are some who are good and know additional questions to ask to help tease out more things, but there are alot who are doing exactly what you'd do with Turbo Tax.
post #22 of 29
H&R Block has a service where they will look at your last year's returns that you prepared yourself (or had done elsewhere) to see if you "missed" anything. I think it's called Second Look, and last year it was somewhere around $20. If they find something, I think they tell you what the difference would be, but they don't tell you what the mistake was. You can then file with them at their full fees (not cheap), or try it again yourself. If the difference is significant and you can't find the errors on your own, the fees may be worthwhile.

I will say that for the most part I hate H&R Block and I think that they have highly unethical business practices, but there are some really good people that work there and are skilled preparers. I do think that the second look service can be helpful to some, especially if you find a *good* preparer.
post #23 of 29
Quote:
Originally Posted by FondestBianca View Post
the software they use is not the same as the software from the store. It may be the same brand but it isn't the same. And what matters is who is filling in the blanks (and FINDING blanks that aren't on standard forms). Someone experienced in doing taxes is going to know every little way to save. Someone who does their own, once a year, is going to simply fill in what is asked and be unaware of other savings to be found elsewhere. Much of it is more in depth that your standard consumer software maker is going to incorporate. In addition, many people do their taxes incorrectly. If there is an error or something missed that decreases the rebate, the gov isn't going to give you a call and say, "oh, you missed something. We owe you more money". If you find a someone employed to do taxes, who truely cares about helping others they WILL say, "hey, you missed something".
Hmmm...yes. These "highly trained" "accountants".

http://www.hrblock.com/taxes/plannin..._students.html

Quote:
This course will give you the skills you need to prepare tax returns for H&R Block.* You don't need previous experience. Class sessions start in the summer at convenient times and locations near you. Whether you're employed full-time or part-time, a student, retired, or at home with children, there's a course time that fits your schedule.
Have you ever seen an H&R Block employee filing out a paper form? No? That's because they are using the software that H&R Block also markets as "Tax Cut". It might have a different user interface, but it's basically the same.
post #24 of 29
The one time we used H&R Block, we got screwed big time. It put us on the path to some horrific debt (now long gone, but we had some very rough years).

Sadly, we didn't realize the error they made (and it was a doozy) for about six years.

We've used Turbo Tax (the online browser version) for the last several years and it's worked very well for us.

Before we owned a house and had a kid and all that, we typically just filled out the paper forms.
post #25 of 29
Quote:
Originally Posted by jocelyndale View Post
The one time we used H&R Block, we got screwed big time. It put us on the path to some horrific debt (now long gone, but we had some very rough years).

Sadly, we didn't realize the error they made (and it was a doozy) for about six years.

We've used Turbo Tax (the online browser version) for the last several years and it's worked very well for us.

Before we owned a house and had a kid and all that, we typically just filled out the paper forms.
Oh, that stinks. My sister once took out the RapidRefund loan, and it turned out that her husband hadn't told her about not paying his child support, and the IRS snarfed the whole return. So they lost their return the following year, too, to pay back the loan.
post #26 of 29
I have not been to an H&R Block office, but I've used both the Turbo Tax software and H&R Block's Tax Cut software. I actually found Tax Cut to be more user friendly--and it was cheaper.

Everyone I know IRL who has used an H&R Block tax preparer has had some kind of problem with their taxes. Now, granted it's usually been some unusual situation (non-custodial parents with dependent children, self-employed clergy with deductible housing costs, etc.), but to me, that's the reason you'd want some "professional" doing your taxes, because you don't want to have to figure it all out yourself.
post #27 of 29
Quote:
Originally Posted by llamalluv View Post
Hmmm...yes. These "highly trained" "accountants".
my h&r accountant has been at it for over 15 years and has the third highest customer returns in the region so I guess it's possible for some of them to be MUCH better at doing taxes than any ol' Joe.

I'm not an idiot, I'm aware some of them are pretty new to taxes... I'm also bright enough to know that some of them have been doing it for many years and are quite good. Luckily they give you the background info on all of their reps on their website so you can actually see just how much experience they have.

dh was self incorporated for a few years and our h&r lady really saved our butts. When we did out own taxes we filled in the blanks provided and called it good. When we went to our h&r lady the first time she brought up zillions of things we never knew existed because they weren't on the standard forms.

maybe, just maybe, it takes having someone good doing your taxes to prove knowledge and experience are benificial. Perhaps picking your tax prep person more wisely??
post #28 of 29
Well, I did my fathers taxes on both TT and HR and then same with ours.

I know how to do taxes by hand, so I understand the process quite well.

My father owes for last year, but TT has him owing about $500 more than HR. So I went over it by hand and sure enough, TT is right - he owes that $500 that HR somehow did NOT find.

I then did our taxes on both and then by hand. HR showed that we got (an example) $2500 back from feds. I don't know what it missed, but I then did them on TT and it was $4500 (well, two thousand more than HR figured). So I did them by hand and yep, TT was right.

I used to say how I liked HR, now I'm going back over our 05 - 07 taxes with TT to make sure things were right.
post #29 of 29
Haven't used H&R Block, but I did use an independent person last year. My online TurboTax program was showing that I owed over $1000, between state and federal. I had her do my taxes (and she uses TurboTax, too), and I ended up clearing about $100. I have no idea what the difference was. I went over my stuff with a fine tooth comb before shelling out the money to pay her. I still don't know what the difference was, unless it was voodoo.
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Frugality & Finances
Mothering › Mothering Forums › Natural Living › The Mindful Home › Frugality & Finances › Turbo tax vs HR block=bigger refund?