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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Sam Citron who wrote (61586)3/6/2002 7:21:51 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 70976
 
I rely on Turbotax. I only spent 12 hours, total, doing my taxes this year, and it would have been several times as long if I'd done it the old way.

I'm going to pretend I didn't hear you say Turbotax is not perfect, tweet tweet (sound of me whistling past the graveyard). My "check everything" rule only applies to protein-based information-processing systems (you and me). I assume software like Turbotax gets it right. It would take me days to figure out whether I'm triggering the AMT (alt. min. tax) or not (I did last year, didn't quite this year).

This is another reason to keep it simple, just buy and sell the stock.

Re: intuit's revenue stream:
Haven't you heard? The next version of Windows XP will have a tax-computation application bundled in it. Along with ERP and network-storage-management software, and a few other small niches Microsoft will own tomorrow. With their "get out of jail free" card, just issued to them by their friends in Washington, "the future's so bright, gotta wear shades". You won't be able to buy a new Dell PC without this bundled software (unless you pay 300$ to uninstall it, and it also voids the warranty). In internal memos, Microsoft execs calls this software "intuitkiller".

JS@ng.com



To: Sam Citron who wrote (61586)3/6/2002 10:47:00 PM
From: kdavy  Read Replies (3) | Respond to of 70976
 
OT: Turbo Tax question?
If one is a frequent trader (which I am) Turbo Tax can present a problem. In scheduled D (TTax) the program cannot handle a number greater then $9,999,000.00 If you traded more than $10,000,000 ( all it will take is 4000 amat shares at $50 around 50 times during the year). Has anyone else encountered this problem. If so is there a solution or another program that can handle greater than 10M.

PS: Sold all my mxim, lltc, altr, amat positions. I am all cash now. Will start nibbling again with any pullback.

kdavy