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Mr Crowley
Joined: 23 Mar 2006
Location: Suwon
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 Posted: Mon Apr 16, 2007 1:14 am Post subject: Turbo Tax |
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| Do any Americans use Turbo Tax to file your federal taxes? |
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Dawn
Joined: 06 Mar 2004
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| Posted: Mon Apr 16, 2007 1:18 am Post subject: |
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| Not this year. The free and cheap versions no longer allow for filing of the 2555 foreign earned income exclusion form. Between federal and state, filing was going to cost nearly $70 with TurboTax. TaxAct offers the same service for about $15 (and is a lot more user-friendly). |
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UMPhilthy
Joined: 15 Nov 2006
Location: Nowon-gu
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| Posted: Mon Apr 16, 2007 2:57 am Post subject: |
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| I use taxslayer. It is a great service for 9.99. I used turbotax 5 years ago when it was free. |
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While Away
Joined: 03 Dec 2006
Location: Seoul
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| Posted: Mon Apr 16, 2007 5:16 am Post subject: |
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| Yes, I use Turbotax. But what the others recommended sounds like they may be better. |
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Alyallen
Joined: 29 Mar 2004
Location: The 4th Greatest Place on Earth = Jeonju!!!
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| Posted: Mon Apr 16, 2007 7:39 am Post subject: |
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| UMPhilthy wrote: |
| I use taxslayer. It is a great service for 9.99. I used turbotax 5 years ago when it was free. |
What's the deal with taxslayer? How can I put down my income when I don't have a W2? Looked around the FAQ but I don't see any answers...Help! |
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mehamrick
Joined: 28 Aug 2006
Location: South Korea
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| Posted: Mon Apr 16, 2007 9:50 pm Post subject: |
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Lets see what did I do... ahh Download a 1040 download a 2555EZ follow the instructions, put it in an envelope, and mail it..
This all if you didnt earn any income in america and you meet all the requirements. simple, easy, and will take you 15 mins max to do it.
And its free.
now state tax is another issue because its up to your individual state. |
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Alyallen
Joined: 29 Mar 2004
Location: The 4th Greatest Place on Earth = Jeonju!!!
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| Posted: Mon Apr 16, 2007 10:02 pm Post subject: |
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| mehamrick wrote: |
Lets see what did I do... ahh Download a 1040 download a 2555EZ follow the instructions, put it in an envelope, and mail it..
This all if you didnt earn any income in america and you meet all the requirements. simple, easy, and will take you 15 mins max to do it.
And its free.
now state tax is another issue because its up to your individual state. |
This is one negative about coming to Korea for me. I never learned how to do my taxes much less all this nonsense 
I go to the IRS site but it makes me more confused than anything |
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Mister
Joined: 05 Jan 2007
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| Posted: Mon Apr 16, 2007 10:03 pm Post subject: |
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| mehamrick wrote: |
Lets see what did I do... ahh Download a 1040 download a 2555EZ follow the instructions, put it in an envelope, and mail it..
This all if you didnt earn any income in america and you meet all the requirements. simple, easy, and will take you 15 mins max to do it.
And its free.
now state tax is another issue because its up to your individual state. |
I have a problem.
I have contacted two accountants in the U.S. and told them I'd pay to have them do the 2555,
and they are very confused.
I haven't filed in 3 years and I want to get "back on the books."
One accountant said I didn't have to even file - I disagree.
Another doesn't know what to do.
I tried to downoad the 2555 on the internet but it's too big.
Question:
1. Do I have to file?
2. Do I just fill out the 1040 and 2555 and mail it in.
Thanks in advance. |
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mehamrick
Joined: 28 Aug 2006
Location: South Korea
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| Posted: Mon Apr 16, 2007 10:09 pm Post subject: |
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| Mister wrote: |
| mehamrick wrote: |
Lets see what did I do... ahh Download a 1040 download a 2555EZ follow the instructions, put it in an envelope, and mail it..
This all if you didnt earn any income in america and you meet all the requirements. simple, easy, and will take you 15 mins max to do it.
And its free.
now state tax is another issue because its up to your individual state. |
I have a problem.
I have contacted two accountants in the U.S. and told them I'd pay to have them do the 2555,
and they are very confused.
I haven't filed in 3 years and I want to get "back on the books."
One accountant said I didn't have to even file - I disagree.
Another doesn't know what to do.
I tried to downoad the 2555 on the internet but it's too big.
Question:
1. Do I have to file?
2. Do I just fill out the 1040 and 2555 and mail it in.
Thanks in advance. |
since you havent filed in three years I dont know if I can be much help to you.. you might check the US Embassy site and see if they still have their accountant around.
Yes you do have to file... get the 2555ez make sure its not the instructions.. if not shoot me pm with your email and I will send them to you.. |
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Mister
Joined: 05 Jan 2007
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| Posted: Wed Apr 18, 2007 9:48 am Post subject: |
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PM sent.
Thanks!! |
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Zyzyfer
Joined: 29 Jan 2003
Location: who, what, where, when, why, how?
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| Posted: Wed Apr 18, 2007 8:38 pm Post subject: |
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www.olt.com
You have to send in one form, but it's filed and accepted online. The form is basically just a verification thing.
Note: If you file your taxes, don't be surprised if a collection agency that has been looking for you for 6 years for a bill that you didn't even know existed comes looking for you suddenly. |
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Mister
Joined: 05 Jan 2007
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| Posted: Wed Apr 18, 2007 9:04 pm Post subject: |
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| Zyzyfer wrote: |
www.olt.com
You have to send in one form, but it's filed and accepted online. The form is basically just a verification thing. |
Thanks zyzyfer. I will check this out.
| Quote: |
| Note: If you file your taxes, don't be surprised if a collection agency that has been looking for you for 6 years for a bill that you didn't even know existed comes looking for you suddenly. |
No problem on this end.
I have current credit and perfect credit.
I make sure to keep revolving debt and that is paid by automatic withdrawals to keep my credit current and FICO score decent. |
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Zyzyfer
Joined: 29 Jan 2003
Location: who, what, where, when, why, how?
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| Posted: Wed Apr 18, 2007 9:43 pm Post subject: |
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| Mister wrote: |
| Zyzyfer wrote: |
www.olt.com
You have to send in one form, but it's filed and accepted online. The form is basically just a verification thing. |
Thanks zyzyfer. I will check this out.
| Quote: |
| Note: If you file your taxes, don't be surprised if a collection agency that has been looking for you for 6 years for a bill that you didn't even know existed comes looking for you suddenly. |
No problem on this end.
I have current credit and perfect credit.
I make sure to keep revolving debt and that is paid by automatic withdrawals to keep my credit current and FICO score decent. |
I thought the same. Apparently, I didn't get a phone line cancelled when I moved out just before coming to Korea. Was willing to pay at any time but didn't know about it. The agencies apparently use your last known address with the IRS to locate you (as my driver's license was updated).
6 years of not paying a bill equals a big-ass bill.
=====
And if anyone used olt, try to sit down and do it in one sitting. I did it in two and had to click lots of continue buttons to return to where I had left off. |
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kat2
Joined: 25 Oct 2005
Location: Busan, South Korea
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| Posted: Wed Apr 18, 2007 10:43 pm Post subject: |
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This is why its worth it to me to pay $100 to have someone else worry about it. For state and federal tax filings, its completely worth it to me.
Mister, check your PMs |
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