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Turbo Tax Question

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moscowcfi

Well-known member
Joined
May 11, 2004
Posts
153
I'm told that there is a version of Turbo Tax that allows you to select your industry and profession. Based on that information it gives you information on deductions that pilots can make, as well as lets you put in the cities you flew to for the perdiem deduction. Does anyone know which version this is so I don't waste money on the wrong one? Please reply only if you have personal knowledge of this.

Thanks.
 
I don't know about all that, but I use Turbo Tax online and I have no compaints. I also buy the audit protection plan from them. If you get audited its like having prepaid legal. Anytime I am dealing with the gov't (FAA, IRS, etc) its a good idea to have prepaid legal.
 
The Turbo Tax I used last year had a checkbox that said you were a transport industry worker so you got the higher percentage of your per diem deducted, however it was up to you to calculate the per diem and input it into the program.

It it not too hard to calculate the per diem assuming you kept good records of your overnights.
 
There is a version that will do it for you. If anyone has personal experience with that version, please post a reply.
 
I've used TurboTax Deluxe for 15 years and haven't seen the feature you are asking about. It may be a new feature added to this year's program or may have been only in the on-line version.
 
moscowcfi said:
There is a version that will do it for you. If anyone has personal experience with that version, please post a reply.
Click to expand...

No there isn't. As someone else says, there's a checkbox to indicate that you are a transportation worker, which allows you to deduct a higher percentage. Come tax time there will be a very good explanation of the various methods of deducting per diem on the ALPA website. It's really very easy to do. You just use one of those methods to come up with a number, subtract the amount of per diem you were paid, and input the total into Turbo Tax. Turbo Tax then allows you to deduct 75% (I Believe) of that number if you indicate that you are a transportation worker.
 
Look, guys. The captain that I flew with had the version (either Premiere or Home&Business) that did a lot of the stuff automatically. Unfortunately he could not remember for sure the version. It even asked you specifically for cities you overnighted in and computed perdiem allowance by itself. So if anyone has either the Premiere or Home&Business version and can confirm this, I would appreciate it. If you have only used the other versions, then there is not much help you can offer me.

Thank you.
 
There is a website that lists Conus rates for all cities, I'll try and dig it up.

Also, if you use Airline pilot daily logbook, it will do it FOR you. Best reason to use it as far as I am concerned
 
moscowcfi said:
Look, guys. The captain that I flew with had the version (either Premiere or Home&Business) that did a lot of the stuff automatically. Unfortunately he could not remember for sure the version. It even asked you specifically for cities you overnighted in and computed perdiem allowance by itself. So if anyone has either the Premiere or Home&Business version and can confirm this, I would appreciate it. If you have only used the other versions, then there is not much help you can offer me.

Thank you.
Click to expand...

Or you could just be a jerk about it and cop an attitude..... It's not on Premiere. I have used that. It's not on Home & Business, which I have used to do my home business taxes for the past 3 years. Home & Business has a section concerning how to file the per diem pay your employees but nothing from an employee standpoint. Perhaps your captain was full of crap. I was trying to help you with my previous post about how to deduct per diem, but to hell with ya.
 
FmrFreightDog said:
Or you could just be a jerk about it and cop an attitude..... It's not on Premiere. I have used that. It's not on Home & Business, which I have used to do my home business taxes for the past 3 years. Home & Business has a section concerning how to file the per diem pay your employees but nothing from an employee standpoint. Perhaps your captain was full of crap. I was trying to help you with my previous post about how to deduct per diem, but to hell with ya.
Click to expand...

It always amuses how you ask a simple question on this board and you get answers to a question you didn't ask. Did you use Premiere last year? They are always adding features. In fact, the website shows some new deduction optimizer features. The captain was very specific about what he told me and he may well be wrong, but that is the information I have to go on. I suppose I was rude, but only out of frustration. If someone doesn't have the answer to a question, why not skip the thread? I apologize in any case.
 
FmrFreightDog said:
Or you could just be a jerk about it and cop an attitude..... It's not on Premiere. I have used that. It's not on Home & Business, which I have used to do my home business taxes for the past 3 years. Home & Business has a section concerning how to file the per diem pay your employees but nothing from an employee standpoint. Perhaps your captain was full of crap. I was trying to help you with my previous post about how to deduct per diem, but to hell with ya.
Click to expand...

I was thinking the same thing. Several people offer him advice from their own experiences and he gets rude.

I'll be a cold day in hades before I respond to another of his questions.

Like I offered, I have used TurboTax for 15 years and have never seen that feature. Has it been added to the program for 2006? I don't know, to early for me to start worring about taxes.



moscowcfi - good luck getting anybody to respond with your pleasant attitude. Oh, and for the advice about skipping a thread, you can consider that a sure thing if it has been started by: moscowcfi
 
moscowcfi said:
It always amuses how you ask a simple question on this board and you get answers to a question you didn't ask. Did you use Premiere last year? They are always adding features. In fact, the website shows some new deduction optimizer features. The captain was very specific about what he told me and he may well be wrong, but that is the information I have to go on. I suppose I was rude, but only out of frustration. If someone doesn't have the answer to a question, why not skip the thread? I apologize in any case.
Click to expand...

Whatever, I was trying to help you out and you got all pissy. If you're really that thin skinned you probably have no business being on flightinfo.... or being an adult for that matter.
 
moscowcfi said:
It always amuses how you ask a simple question on this board and you get answers to a question you didn't ask. Did you use Premiere last year? They are always adding features. In fact, the website shows some new deduction optimizer features. The captain was very specific about what he told me and he may well be wrong, but that is the information I have to go on. I suppose I was rude, but only out of frustration. If someone doesn't have the answer to a question, why not skip the thread? I apologize in any case.
Click to expand...

DS, you need to be more polite. These people with considerable TurboTax knowledge are telling you your captain is making a mistake. Why don't you drop a note in his V-file and get him to tell u for sure what he used. Don't you think it strange that a guy using this "fabulous" program can't remember what it is called?
 
I don't think that we are saying his captain is wrong. Just that none of us TurboTax users are familiar with the feature he is seeking. Does it exist in the 2006 version? I don't know. Maybe that captain has gotten one of the head start programs to get started and that feature is in the 2006 version. As of yet I don't know of anyone that has started on their 2006 taxes.

Looking at the TurboTax web site it claims to have added new for 2006 a "Deduction Maximizer". Is that what he is looking for?

At any rate, when he posts a question about a product that several people have used for many years and doesn't get the answer he wants, he shouldn't go insulting those that responded trying to help him out.

A simple thank you would have been sufficient.
 

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