Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Safe to use Turbo Tax?
Old 03-03-2015, 07:21 AM   #1
gone traveling
 
Join Date: Feb 2015
Posts: 7
Safe to use Turbo Tax?

I used TT last year and was wondering do you think it is safe for this year regarding the recent news?

Thank you
__________________

__________________
markk is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-03-2015, 07:31 AM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
Whatever problems TT had appeared to be related to state filings and the news has died down on that subject, leading me to believe they have made changes to improve security. I don't file state taxes but used TT for my Federal return (the download version) without incident. Got my small refund within a matter of days.
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 03-03-2015, 07:45 AM   #3
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,424
Quote:
Originally Posted by markk View Post
I used TT last year and was wondering do you think it is safe for this year regarding the recent news?

Thank you
Did you use their online tax filing or buy and download the SW program?
__________________
MichaelB is offline   Reply With Quote
Old 03-03-2015, 08:26 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,457
Quote:
Originally Posted by MichaelB View Post
Did you use their online tax filing or buy and download the SW program?
Good point. We always avoided entering our tax data online.

This year we even temporarily changed our password before downloading our 1099 info into TT.

Intuit has come across as far more casual about their products than I like. They seem like a sitting duck for someone to put backdoors in both their TurboTax and their Quicken software to allow hackers to get sensitive info including account numbers and passwords.

We're taking other measures to protect our financial accounts.
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 03-03-2015, 08:36 AM   #5
Recycles dryer sheets
SteveNU's Avatar
 
Join Date: Feb 2010
Posts: 313
I've filed two federal returns and one state return using TT downloaded software. The state filing was for Ohio and they sent my wife and I letters which we had to use to go online and verify our identity before they would process the return. Funny thing is some of the questions they asked required me to answer using bogus information that was associated with identity theft that occurred to me in 1991! I still have some addresses that are associated with my name that the fraudsters used back then that I have been unsuccessful in getting removed from my credit report.
__________________
SteveNU is online now   Reply With Quote
Old 03-03-2015, 10:32 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,374
I completed my TT online last week. No issues and have received my refund already, so fortunately for me, no one had stolen my info and filed.


Sent from my iPad using Tapatalk
__________________
Mulligan is online now   Reply With Quote
Old 03-03-2015, 12:34 PM   #7
gone traveling
 
Join Date: Feb 2015
Posts: 7
Thanks everyone. MichaelB, I download.
__________________
markk is offline   Reply With Quote
Old 03-04-2015, 06:30 AM   #8
Thinks s/he gets paid by the post
bUU's Avatar
 
Join Date: Dec 2012
Location: Georgia
Posts: 1,907
To be clear, there was no breach with regard to TT. Rather, put simply, TT was being used as a means to commit a breach-of-sorts at IRS. I too filed with TT and received my federal, though not my state, refund.
__________________
bUU is offline   Reply With Quote
Old 03-04-2015, 06:55 AM   #9
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 3,705
Quote:
Originally Posted by markk View Post
I used TT last year and was wondering do you think it is safe for this year regarding the recent news?
It depends on what kind of assurance you are asking for.

Filling in forms by hand and mailing to IRS is probably the most secure avenue. There are just two copies (yours and theirs). But you could be robbed, misplace the forms, and so on. Maybe that is not the most secure solution in your case.

Then there is the online version of tax software. The number of possible compromises goes way up. Are all of the network devices between here and there secure? Probably not. Will online tax company be there forever, and adequately protect your data from all foes? Can't say.

If you have the downloaded version of tax software, you have similar risk as above. But your data is stored on your computer. Plenty of risks with that approach too.

I use the downloaded version. I think I can better control the risks when I do that.

In the old days we used to say, "There are two types of users, those who have lost data and those who will lose data." To that we must add, "There are two types of organizations, those who have been compromised, and those who will be compromised."
__________________
target2019 is offline   Reply With Quote
Old 03-04-2015, 07:04 AM   #10
Thinks s/he gets paid by the post
bUU's Avatar
 
Join Date: Dec 2012
Location: Georgia
Posts: 1,907
Quote:
Originally Posted by target2019 View Post
"There are two types of organizations, those who have been compromised, and those who will be compromised."
And that includes the IRS itself.
__________________
bUU is offline   Reply With Quote
Old 03-04-2015, 07:12 AM   #11
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 3,705
Quote:
Originally Posted by bUU View Post
And that includes the IRS itself.
Yes it does. I intentionally used "organizations" to include them.
__________________
target2019 is offline   Reply With Quote
Old 03-04-2015, 08:01 AM   #12
Full time employment: Posting here.
misanman's Avatar
 
Join Date: Apr 2008
Posts: 534
I filed Federal and State returns using the installed version of TurboTax and had no issues. And I discovered a useful feature that I hadn't seen before: you can import K1's, if you partnership supports it (the three I have did). In each case the same clearinghouse called "Tax Package Support" was used, but I had to access it through the partnership web site. No idea whether this introduces additional security concerns or not.
__________________

__________________
"The best thing about the future is that it happens one day at a time." -- A. Lincoln
misanman is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Turbo Tax - Tax-Exempt Income not added to State Return Felix Mulier FIRE and Money 18 04-07-2013 12:46 PM
Turbo Tax users preparing multiple returns... ziggy29 FIRE and Money 67 12-12-2008 08:21 AM
Can 95% Safe = 100% Safe? halo FIRE and Money 3 10-14-2008 07:56 PM
TurboTax Basic vs. Turbo Tax Premier Geoffrey FIRE and Money 20 01-20-2008 01:15 AM
"Is the Safe Withdrawal Rate TOO Safe?" Nords FIRE and Money 13 10-20-2004 11:36 AM

 

 
All times are GMT -6. The time now is 07:56 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.