Bogleheads

[Big Al]

.
At over 3400 stores throughout the United States, Dollar Tree Stores has TaxCut Standard 2008 for only $1.00. ''
See link below for more info. (Thanks cjackson0 )

It will allow you to use Schedule D (for all you TLH fans). ''

Good luck,
........Al
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[jeff mc]

cool... but for what reporting year?
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[cjackson0]

I have not tried it but this seems to be reported other places on the net.

http://news.cnet.com/8301-13845_3-10145343-58.html

[tfb]

Good deal for doing federal return and then fill out state form by hand. You can do the same with TaxACT standard.
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The Finance Buff

[joe8d]

[marnold1974]

[modal]

Is this equivalent to TaxACT Deluxe?

[chaz]

But TurboTax has a free version.
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Chaz
"It is better to travel well than to arrive." - Buddha
http://www.bogleheads.org/wiki/index.php/Main_Page

[bc3x]

TaxAct Standard Desktop download with federal e-file is free.

TaxAct Deluxe is the fancy version; download with federal e-file is $12.95.

More details about TaxAct: TaxAct Desktop 2008, Good Value @ $21.90.

TurboTax Free is an online version for the simplest returns only. Forget about Schedule C or anything more complicated.
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[snray02]

Yep. I just bought a copy for $1. The lady at the checkout counter said this item has been "flying out the store". So, if you are interested, you might want to get to a Dollar Tree soon.
Sam

[bc3x]

If TaxCut Standard is the same as Free Federal Online + e-file, then it won't support a Schedule C, Disclaimer.

If it's equivalent to Basic + e-file; it has the same restrictions, Disclaimer under FAQ'S.

snray02 should be able to tell us.
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[tfb]

[bc3x]

tfb,

Both the Free and the Basic have almost identical wording in their respective FAQ's #1.

There is also this definition of a simple return: "*A simple return excludes self-employment income (Schedule C), rental and royalty income (Schedule E), farm income (Schedule F) and shareholder/partnership income or loss (Schedule K-1)" from the website.

Since I don't have the CD-ROM and it doesn't sound like you do either, the question can be easily resolved by someone who does.
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Gratitude and Rudyard Kipling's "If"

[tfb]

[bc3x]

tfb,

Mazel tov.
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Gratitude and Rudyard Kipling's "If"

[chaz]

[snray02]

tfb is correct. This TaxCut version seems to handle all forms of income. There are some minor irritations, as with all tax programs. Schedule D is annoying in that it won't let you enter "various" for purchase dates of mutual funds you sold. The instructions say you should enter all transactions seperately. Well, if you have been reinvesting dividends monthly for several years, this would result in dozens of entries on Sch D. Absurd! So, I just picked a date consistent with short term/long term and make one entry.

Also, some of the "interview" forms are ridiculous. For instance, if you are a retiree drawing a pension, they ask for the taxpayer ID of the pension payor. This info is not required on the 1040 form so I just ignored such questions and the program didn't seem to mind.

In the end, the program came up with the exact same tax owed that I had computed by hand. So, for $1, not a bad deal.

Sam

[Sunny Sarkar]

I grabbed literally the last copy at our local Dollar Tree. The manager dug out one CD like a needle in a haystack but was unable to find another one I wanted for a buddy.

Thanks for the notice.

Question: Is this (TaxCut Standard) any better than the free federal tax filings available from different tax softwares online?

[Mel Lindauer]

I had my wife pick up a copy at the local Dollar Tree earlier today. I installed it this evening and did a "trial run" on my taxes with ease. Normally I have my accountant do my taxes, since I had an previous installment sale and a Schedule C. But I still wanted to see how much of my taxes this $1 program could do, and much to my surprise, found out that it could do my entire return, including my Schedule C.

What a bargain compared to paying an accountant's fee!
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Best Regards - Mel

[tfb]

[Big Al]

[bc3x]

Sunny,

During a dry run with online TurboTax free, as I started to enter data for Schedule C, the program stopped, a message popped up noting that it was necessary to upgrade to Basic for $14.95 before continuing. Because I was just experimenting and had enough information about TurboTax already, there was no reason to upgrade.

A number of forum members have expressed concerns about possible identity theft with online returns, therefore it's probably safer to have a desktop edition of the software.

If you were unable to obtain an extra copy of TaxCut Standard for your friend, you can consider telling him about downloading TaxAct Standard with federal e-file which is free for everyone. I provided the link above. The split screen is a nice feature. While you answer the questions on top, the form is being generated simultaneously on the bottom. Very clever. TaxAct Standard is capable of doing a moderately complex return. It has the same set of forms as TurboTax Deluxe. TurboTax's website said that the paper copy of the return is printed after the e-file. I would prefer to see the hard copy prior to e-filing. The good folks at 2nd Story, the company that produces TaxAct, told me that the personal information created with the desktop version is not stored on their servers. During e-filing TaxAct acts only as a conduit to the IRS and your return is not retained on their servers either.

We should pay our fair share of taxes, but we don't have to pay for software to do so.
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[bc3x]

For folks in the Binghamton, New York area: There were 5 copies on the cashier counter at the Endwell Dollar Tree 3 hours ago.
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Gratitude and Rudyard Kipling's "If"