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TurboTax posts

Filed under: Internet

Turbo Tax electronic filing system overloaded on Tuesday

Turbo TaxIt's not been a great week for Turbo Tax. First it comes out that there's a security flaw allowing uses to see tax returns uploaded by other customers. And now parent company Intuit is confirming that all the last minute filings on Tuesday night bogged down the company's online tax filing system, leaving some customers unable to e-file.

Intuit says the problems with their servers have been fixed, and is telling customers to try electronically filing their taxes again. Intuit is working with the IRS to ensure that late filings due to the system overload are not treated as late.

If you refile and get a message sayin that your return has already been filed, you will need to call Turbo Tax support in order to verify that your documents have already been accepted by the IRS.

Filed under: Internet, Security

Turbo Tax flaw leaves online tax return data vulnerable

Turbo TaxA Nebraska woman recently found a glitch in the way Turbo Tax lets users file their taxes over the web. By trying to access information she had filed in previous years, she found a way to access data three other users had previously uploaded.

Each of those other users had the same last name as the woman, but different first initials. The information included social security numbers and bank account numbers.

Turbo Tax is looking into the error, and has temporarily removed the link that lead to the exploit.

The exploit only affects users who file their taxes online with Turbo Tax. There shouldn't be any risk in using the software to assist in filing via mail.

Still, it makes you think twice about providing sensitive personal data to any website, even one that you'd expect to have tight security.

[via Computer World]

Filed under: Business, Office, Commercial

Which tax software equals the biggest return?

TurboTaxWe've seen a couple round-up reviews of tax software, and while features and ease-of-use matter, a question that shouldn't be neglected is: which will give me the biggest refund? AP's Ashley Heher pitted H&R Block's TaxCut, Intuit's TurboTax, and 2nd Story's TaxAct against eachother to find out. She found that while TaxCut and TurboTax had similar results $600 versus $588, TaxAct, somehow, came up with figure tiny by compare: $175. Of course YMMV with these things, but that $425 discrepancy is enough to give anyone pause.

Filed under: Office, Web services

Online taxt prep software reviewed

TaxesA couple weeks back PC World did a round-up review of three of the latest tax preparation software offerings. This week they're back with revews of five different web-based tax prep packages: Intuit's TurboTax, CCH's CompleteTax, H&R Block's TaxCut, 2nd Story's TaxAct, and Petz' TaxBrain. They break down like this, with total costs including both federal and state returns:
  • TurboTax.com: Still King (Total Cost: $45)
  • CompleteTax: Most Improved (Total Cost: $35)
  • TaxCut: Not as Good as the Box (Total Cost: $45)
  • TaxAct: Low Price (Total Coast: $23)
  • TaxBrain: Odd Man Out (Total Cost: $100)
And don't forget, if you qualify, you might be able to snag some of these services for free.

[Via Lifehacker]

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