How TurboTax is SCREWING You | The Fine Print
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- เผยแพร่เมื่อ 13 ก.ค. 2024
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Doing your taxes sucks. But what makes it even worse is that “trusted” brands like TurboTax actually screw you with shady sales and marketing tactics that are designed to put more of your money in their wallet. Join Dave and George as they comb through TurboTax’s 2020 Investor Day report to reveal the true strategies of this 800-pound gorilla and teach you a better way to do your taxes.
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I mean tax services like this only exist because of government corruption. The IRS could provide the same service like most other countries on earth and automatically fill out the forms for you since they already have access to all your information.
why doesnt the government just send us a tax bill like some other countries do.
They can't even process the returns fast enough... Do you really expect them to handle this? HAHA!
We have a law preventing that. See Planet Money's episode on tax filing
Great content, videos like this and the help of a tax expert really goes a long way.
Couldn't agree more, their help is indeed vital, that's why I am now being coached by one, Edwin Earl.
hello Finn, i have seen some of his remarks on multiple forums, how do i also get in touch?
INVESTWITHEARL
on telegram
I’ve used Turbo Tax tax filing for many years and have never had an issue with them or purchased anything else that they “offer.”
Same, just gotta pay attention to what you click on
same I have been using it for 4 years and I love it
Have used TurboTax for 25 years. Always triple check and use the update check every time I log in. Also wait 48hrs before hitting efile just in case any new updates.
5 yrs never had an issue. Initially i got more than my past accountant so stuck with turbo.
I learned how to do my own taxes a couple of years ago when I became self-employed. It lets you plan so much better when you know how your taxes are calculated and the tax types you have to pay.
20 min infomercial to set up a 2 min plug for a product
I've used turbo tax for years , no issues.
Have you paid for a QUALIFIED CPA to look over your past 2 years? Most wont charge if they dont find you missed money,( if they are honest and want you to come back) word of mouth travels 10x any business card
It's not free, and thier fees really add up...
@@mikebraun3603 yes . Same amount
I have used Turbo Tax for many years with no problems.
I’ve always loved turbo tax. When my taxes were simple, it did the trick. But with more complicated taxes, I always recommend paying money fir a QUALITY accountant. And don’t skimp on the price.
I've never had issues with them...if you have a very complex taxe situation like multiple rentals obviously it's better to get an accountant.
I love how Dave never had a problem with TurboTax until he decided to sell his own tax solution 😐
Lol
He did say their software works. It's all the spam you now get to upgrade services or get loans, credit cards, etc. I'm the type of person who hates being upsold on services or other products. I've used TT for years and every year they get worse on this front. Just like how at first Credit Karma was no frills, here's your score. Now all they do is try and get you credit cards or loans! I'm just about done with both those companies.
Everyone makes mistakes, have you ever made one?? Or was it someones problem why you did it as well??
😂😂😂
Or perhaps he decided to come up with his own tax solution because he realized the problems of TurboTax
Personally I wouldn’t do taxes if I had assets and more than one income. I think turbo tax is for the simplest taxes. Anything else I would do it w an accountant I would trust if I wasn’t knowledgeable enough to do taxes.
If you don't give a professional accountant all of your forms your taxes won't be correct either.
Awesome show. So glad I use a tax professional!!
Way to go George 👍🏾Just subscribed
Turbo tax charges more for filing and they show a less return on my tax returns. It’s always a good idea to look at other places before you actually file your taxes! I saved $4000 in tax returns because I didn’t use turbo tax.
There's no such thing as a magic tax program or tax prepare that gets someone more money than the other, unless both programs are provide two different information.
@George Kamel the same thing happened to me as your first caller. I’m still to this day waiting for my 2019 & 2020 tax returns to be processed by the IRS….
This is awesome!
They make u agree but if u don’t get paid your tax money u still own TurboTax no matter what happened to your taxes u still own them money outta ur pocket
Wish these were longer
yeah, sounds like Turbo Tax wants a piece of the pie that is interest and payments. I understand how people might need to pay for expert advice to review the return but if you going to do that, might as well go to a local accountant and get them filed. TurboTax should at least be upfront about not all returns are "free". Missing that form sounds like its on the user, they should have notified someone or called asking how to include the form. I'm not sure if someone reviewing a random return would be able to determine you need to include it (don't know the requirements needed to include that form).
I've never had any issues, but using "free" software is gonna come with ads and products being peddled to you. Just be aware of that going in.
Turbo tax does try to charge you for Deluxe but a tax professional i person was changing me $180 to file for me. He didn’t do it electronically only by mail so my refund was delayed. Turbo tax is really not perfect but you need to realize how much it costs anywhere else. Idk how to file taxes without the service.
Turbotax has 70% of the market. That means 30% are smart enough to not use Turbo tax
1:10 all of the reasons why taxation is theft
I feel like you guys are playing up the people that had issues and not considering all the people who don’t. Just like with the last video where the guy with the credit cards was saying that he was paying his card off every month but getting charged interest doesn’t make since. I usually really trust Dave Ramsey and his personalities, but these 2 videos really seem deceptive and tailored to your point of view. Instead of giving a realistic point of view and giving all the facts
This ^
Same here.... I liked his co-hosting with Dave but this stuff... it's tailored to fit a narrative.
I very much agree. Even with this, they are transparent that the free part is only for simple returns if you read a little bit. At least before the “free, free free free, free” commercials. Not sure now as I use the paid self-employed version and dont pay attention to the free version
Taking advantage of the misinformed people just to make a buck. My God. 🤦🏽♂️🙏🏾
I thought the 1095a wasn't needed
You don't need to file that form with the taxes, but you need to use information from the form to fill out form 8962 which determines your premium tax credit.
@@springryding4551 wow and I amended for nothing
I've never had an issue with TurboTax.
So basically turbo tax is good as long as you don't sign up for loans and credit cards. Duh! The title of this video is very misleading.
Otherwise they won't let u go any further in the software and duh
I totally disagree that Turbo Tax is at fault. I’ve used Turbo tax for the past 20 years with zero issues personally, and I’ve used it for hundreds of others with zero issues. These people sounds like they were trying to prepare their own taxes with zero experience in doing so. Turbo Tax doesn’t know what your financial situation is and therefore only looks for uncompleted information like a birthdate, or SSN. Turbo Tax also does ask if you have health insurance, prior to the Job Act change where health insurance was required in 2020 it was not. However, if you received a tax from, you’re responsible to make sure you have entered that information before you file your taxes, not just send it anyway. Lastly because the IRS used your 2018 tax information to determine if you qualified for a stimulus check has nothing to do with Turbo Tax. You guys were totally being unfair with this podcast in my opinion.
Our society doesnt even go to the bank hardly anymore and then become mad if there account isnt accurate. When you are a number, how do you get any sort of relationability? You are a NUMBER!
What about then saying they ket u use 2020 agi for 2021 bc you'd get more refunded. What haooened there then?
cool
jk i just listened to this this guy sounds like a moron lol
change the brand fam this guy sounds like a soy boy
TurboRacists
th-cam.com/video/sUvkwty9cGI/w-d-xo.html