TurboTax for Professionals


You should make sure you follow these important steps that will allow more timely processing of your amended return. View how much tax you may pay in other states based on the filing status and state entered above. Capital gains are included in taxable income, but a 44% reduction is allowed for what are called net capital gains. TurboTax directed some Oregonians to take the standard deduction even when the itemized deduction was larger. Oregon officials notified Intuit of problems with TurboTax’s software in early April, ahead of the tax deadline, according to public records. Intuit initially said it couldn’t duplicate the issue Oregon officials found.

Income Tax Rate By State

You also have the option to share your tax documents with your tax expert, if needed. Investors with complicated tax returns generally are better off working with a CPA to file their taxes. And those with simple tax returns may prefer the comfort of working with a CPA over preparing their taxes themself. When you work with a CPA, their knowledge and expertise can provide valuable guidance during tax season and throughout the year. This gives investors a chance to make adjustments during the year to lower taxes versus waiting until the year is over when options are limited. Our expansive network of tax experts is available, on-demand or by appointment, to give you personalized tax advice and answers to your specific tax questions, as often as you need.

Three ways to get your taxes done right

Intuit’s Easy Start onboarding program will guide you through converting your software from TurboTax to Intuit’s professional software. Find out what items can be converted when you switch to ProSeries, ProConnect, or Lacerte Tax. To become a CPA, generally, you need to complete at least 150 semester hours of college coursework before sitting for the Uniform CPA exam.

Economic Impact Payment Information

Even if the request seems minor, hiring a CPA to represent you is often a wise move. You have three primary types of tax professionals you can hire to help you with tax work. Some counties may charge an additional 1% if voters have approved a supplemental tax.

Introducing TurboTax Live! Have a TurboTax CPA or EA Review Your Tax Return Before You File

  1. Whichever plan you choose, you’ll get you taxes done with 100% accuracy and your maximum refund, guaranteed.
  2. You can discuss your questions over the phone, via live chat, or via one-way video on your screen.
  3. If at any time you want to be matched to a new expert, you can inform your current expert and they’ll help you get reassigned.
  4. You can give permission through the software to share your tax documents with your tax expert.
  5. Finding a CPA to handle your tax needs should help to answer questions you might have around tax advice and planning.

Choosing a tax preparer shouldn’t be an overly complicated task if you follow the tips provided above. They can help guide your search and understanding of the types of tax preparers available. When choosing a tax professional, it’s important to consider what services they offer, their experience, and their fees. If you purchase a product or register for an account through a link on our site, we may receive compensation. Tax filers can reduce their tax bill by deducting charitable contributions, business expenses, mortgage interest payments, medical expenses and other items. Chinwe is surprised to learn her gig-economy job is considered self-employment and that she needs to pay taxes.

Taxpayers will need to complete the amended return in TurboTax, print it out, and then choose one of the three options to file the return. Intuit referenced its guarantee to return the purchase price of its software in its statement Thursday but did not explicitly say it will be refunding what TurboTax customers paid for the service. It did not immediately respond to a question about whether it will honor its guarantee as Wyden demanded. Intuit hasn’t said how much money Oregonians overpaid as a result of TurboTax’s error. Some tax filers told The Oregonian/OregonLive that the mistake directed them to pay several hundred dollars more than they actually owed. The TurboTax simulation helped the students to understand the process of completing their taxes as most of them are starting to do their own taxes.

The state says that the error caused a possible overpayment to the state. The Oregon Department of Revenue announced today that Intuit, the maker of TurboTax, made an error in its software. If so, that means TurboTax could have cost Oregonians millions of dollars in tax overpayments altogether.

This can be done online, or with the help of a live tax preparation assistant. We’ll use what you tell us to match you with a tax expert who understands your situation, has relevant expertise, and is in a relevant location. We do our best to match you with the right expert based on the nature of your question. Your tax expert will also have read-only access to your tax return so they can better understand your situation.

Our Easy Start new-customer onboarding program will help you with everything you need to get started. We also have extensive training resources to support you for the future. You can meet with a CPA during tax time if you have a complex tax situation, but you can also consult one before starting a business or when you have a complex financial decision to make. TurboTax finds every tax deduction and credit you qualify for to boost your tax refund.

Typically, a college degree requires completion of around 120 semester hours, meaning CPAs tend to pursue a Master’s Degree or other post-secondary education coursework to meet the minimum course hour requirement. Additionally, prospective CPAs will need to take specific turbo tax cpa courses to qualify to sit for the Uniform CPA Exam. Certified Public Accountants (CPAs) are knowledgeable about the tax code and can help you maximize your tax savings. Also, they can represent you before the IRS to help you deal with audits or collections.

If you choose to itemize deductions on your federal return, South Carolina allows you to deduct most of those costs on your state income tax return as well. However, some federal deductions must be added back into your South Carolina taxable income, such as any deductions for state and local income tax. South Carolina offers tax deductions and credits to reduce your tax liability, including a deduction for some retirement income, an earned income tax credit and a credit to offset nursing home costs. Our software allows you to securely upload your tax documents to our system so they’re available to your tax expert. You may be able to import them directly from your employer or your financial institutions, or you can snap photos of the documents and upload them to TurboTax.

Investors that handle their own investments typically also choose to file their own taxes. They are intimately familiar with their finances and the details of each transaction. Relaying all of that information to a third party can be a challenge and make take more time than preparing the returns yourself. https://turbo-tax.org/ With the simple click of the “Expert Help” button, you can connect with a TurboTax Live credentialed tax expert using one-way video technology, including access to Spanish speaking tax experts. All features, services, support, prices, offers, terms and conditions are subject to change without notice.

Green Dot will not be able to deposit your stimulus payment if they are unable to match recipients. We offer free one-on-one audit guidance year-round from our experienced and knowledgeable tax staff. Now, talking with a credentialed Certified Public Accountant (CPA), Enrolled Agent (EA) or Practicing Attorney to help file your taxes is easier than ever! You can access TurboTax Live experts in the comfort of your own home on-demand, and you will also receive the below benefits.

As a reminder, you can manage your accounts, check transactions and make payments online or through the app, as we continue to experience extended call wait times. Our tax experts are available 7 days a week from 5 AM to 9 PM PT from mid-January through the April 18 filing deadline.From mid-April through early January, they’re available Monday-Friday from 5 AM through 5 PM PT. A live TurboTax product specialist can help you one-on-one, and even draw on your screen to help you get your taxes done. (Ayuda disponible en español.) You’ll also have unlimited access to the helpful TurboTax community, and a robust set of FAQs and articles if you have questions about doing your taxes. You can upgrade to TurboTax Live Assisted to get one-on-one help from a tax expert or hand off your taxes to a TurboTax Live Full Service expert to do them for you.

You can share your TurboTax screen with your expert so they can guide you and answer your questions. If you’d like to prepare professionally, we have a number of software options available. While not every communication from the IRS related to your return instantly means you’ve been selected for an audit, you do want to handle any questions asked appropriately and provide an adequate response. TurboTax calculations are 100% accurate so your taxes will be done right, guaranteed, or we’ll pay you any IRS penalties. Get unlimited advice, an expert final review and your maximum refund, guaranteed.

This knowledge will allow me to better understand the tax system and make informed decisions that will save me money. We use information about your tax situation to match you with an expert who has experience with taxes like yours. During the process, they’ll also learn more about your unique situation so they can make sure your taxes are 100% correct before filing. You must have a Preparer Tax Identification Number (PTIN) as well as an Electronic Filing Identification Number (EFIN) to file taxes with Intuit’s professional tax software.

Sign up when you’re ready to finish and file your taxes with TurboTax and begin using your account right away.Or, you can have your refund mailed in a check. You can receive your refund by check, whether you’re printing or e-filing. When deciding between TurboTax vs. CPA, there isn’t a single “right” answer. According to the IRS, about 80 million e-filed tax returns were prepared by a CPA versus 72 million that were self-prepared. The choice should be based on your budget, comfort in preparing tax forms and how much time you have available. Some investors have the ability and knowledge to create their own tax returns, but their time is better spent creating more income.

Intuit offers ProSeries, ProConnect, and Lacerte Tax software, which are IRS-compliant for tax professionals who are filing multiple returns. Using a CPA to file taxes is a wise choice for investors who are willing and able to pay for their advice. In many cases, CPA strategies are able to save more in taxes than the fees that they charge. CPAs have intimate knowledge of the tax code, understand confusing tax language and can easily fill out forms that take others hours to complete.

We use bank-level encryption technology to ensure your information is protected. From mid-April through early January, our experts are available Monday-Friday from 5 AM through 5 PM PT. Our software will allow you to securely upload your tax documents to our system. You can give permission through the software to share your tax documents with your tax expert. Most people only think of hiring a CPA when they prepare their tax return.

You can also communicate with your tax expert via the messaging center as needed. When you access Live Help, you’ll enter some information about your question. This will help us direct you to the right expert to answer your question.

With so many complicated forms, rules and tax rates, most taxpayers need assistance to complete their returns. While some use software like TurboTax to file returns on their own, others turn to tax professionals to handle the process. We’re comparing the pros and cons of using TurboTax versus hiring a CPA, to help you decide which one is right for your taxes. If you need help tax planning or making the right financial decisions then you may want to speak with a financial advisor.

Screen sharing capability allows our credentialed tax experts to show you relevant information and answers right on the screen so you can be confident you’re getting your maximum tax refund. We do our best to make sure you start with the right product to cover your tax situation, but it’s possible that we’ll uncover something along the way that requires you to upgrade your version of TurboTax. For example, if you started in our Free Edition, but we later learn you had investment sales (not covered in Free Edition), we’ll ask you to upgrade to cover your investment sales. Prices for paid products are determined based on the product you use and the time of print or e-file and are subject to change without notice.

Whichever plan you choose, you’ll get you taxes done with 100% accuracy and your maximum refund, guaranteed. Our team of US-based tax experts have extensive experience and internal training. They’ll guarantee your taxes are done right, with every dollar you deserve.When you connect live with an expert, you’ll see their specific credentials. You can have your refund directly deposited into a free to open checking account with Credit Karma Money™.

After choosing Live Full Service, we’ll ask you some questions to learn about your tax situation. We’ll create your personalized tax planner to start collecting the right docs and securely upload them to your account. Then you’ll have a welcome call with a tax prep assistant who can help you finish uploading your docs and match you with a dedicated tax expert. If you don’t want to get started right away, you can schedule a call for a time that works best for you.When you’re ready to connect with your tax expert, you can talk to them over the phone or on a one-way video call. They’ll ask questions, get the details they need, and prepare your return.

Students started to take a more active role in their own finances, rather than allowing their parents to take the lead, because they had the knowledge to help support their process. Our Live Full Service welcome call is handled by a team of specialists who are here to answer your questions about the product, help you understand next steps, and aid you in gathering all of your documents before initiating your expert match. Yes, if you choose a one-way video with your tax expert, you’ll be able to see them on your screen. We are here to support you every step of the way while you get up to speed with your new tax software.

A Form 1040 return with limited credits is one that’s filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Tax experts are available year-round for questions and tax advice, but you may not be connected with the specific tax expert who prepared your tax return. We are excited to announce that starting today, TurboTax is transforming assisted tax preparation with the introduction of a new way to do taxes, TurboTax Live! Customers can take advantage of a nationwide virtual network of credentialed tax experts to help with your tax needs every step of the way.

Intuit for Education is a free financial literacy platform that offers a flexible and interactive curriculum with real-world tools to get students excited about finances and empower them to become the most financially savvy generation. You can also learn about taxes through Intuit for Education with bite-sized, simulated activities that utilize real-world tax tools like TurboTax and QuickBooks. You are about to visit MyTurbo.com, which is not operated by Green Dot. The Green Dot Privacy Policy does not apply to the linked site and you should consult the Privacy Policy on that site for further information.

With Live Assisted, you prepare your taxes at your own pace and on your own time by answering simple questions about your life and taxes. When you need help from a tax expert, just select the “Live Help” button, and we’ll connect you. You can discuss your questions over the phone, via live chat, or via one-way video on your screen. When you’re done preparing your taxes, you can get a tax expert to review your return to make sure it’s correct.When you’re satisfied and ready to file, simply pay and e-file or print your tax return. Whether it’s personal or business-related taxes, including more complex situations, TurboTax Live has you covered.