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Old 02-19-2004, 03:13 PM
Andrew
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Default Re: TurboTax screwup w/NYS College Deductions in 2001, 2002 returns

Victor Roberts wrote:
- quote -

> ndrew <andrew[at]nospam.com> wrote:

> > This was originally posted in the Quicken forum - but I
> > think it also should be posted here for obvious reasons.....
> > > TurboTax for NY state had a mistake in the software

> > concerning college tuition credit which could cost NY tax
> > payers $200.00 of additional tax. Intuit will pay $15,000
> > to NY state for costs of the problem.
> > > Intuit is supposed to help NY state filers to amend their

> > respective taxes for FY01 and FY02.


http://www.newsday.com/news/local/wi...-regional-wire

- quote -

> I am a NY resident, had a child in college in 2001 and used
> TT for 2001. (But not in 2002 because of their product
> activation.) How do I find out more about this problem so I
> can determine if I should file an ammended return for 2001?
> I think $15,000 is far too small a fine for any company the
> size of Intuit. This is pocket change to them and will not
> have any impact on their future behavior.


Read my entry in the Quicken forum (I am just asking a
question over there; when I get the definitive answer, I'll
post here; I *believe* it is that T/T, despite calculating
the college credit correctly on one of the NY State forms,
did not forward the credit over to the appropriate line on
IT201, thus the credit never 'took'...

As I said in the Quicken forum, I usually at least check to
see if form's bottom line amounts are always carried over as
appropriate to 1040 or IT201 - I am really upset at myself
for missing this one....

Regards -

- Andrew

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 
Old 02-18-2004, 06:07 PM
Victor Roberts
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Posts: n/a
Default Re: TurboTax screwup w/NYS College Deductions in 2001, 2002 returns

ndrew <andrew[at]nospam.com> wrote:

- quote -

> This was originally posted in the Quicken forum - but I
> think it also should be posted here for obvious reasons.....
> TurboTax for NY state had a mistake in the software
> concerning college tuition credit which could cost NY tax
> payers $200.00 of additional tax. Intuit will pay $15,000
> to NY state for costs of the problem.
> Intuit is supposed to help NY state filers to amend their
> respective taxes for FY01 and FY02.
> http://www.newsday.com/news/local/wi...-regional-wire


I am a NY resident, had a child in college in 2001 and used
TT for 2001. (But not in 2002 because of their product
activation.) How do I find out more about this problem so I
can determine if I should file an ammended return for 2001?

I think $15,000 is far too small a fine for any company the
size of Intuit. This is pocket change to them and will not
have any impact on their future behavior.

--
Vic Roberts

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 02-17-2004, 11:08 PM
Andrew
Guest
 
Posts: n/a
Default TurboTax screwup w/NYS College Deductions in 2001, 2002 returns

This was originally posted in the Quicken forum - but I
think it also should be posted here for obvious reasons.....

TurboTax for NY state had a mistake in the software
concerning college tuition credit which could cost NY tax
payers $200.00 of additional tax. Intuit will pay $15,000
to NY state for costs of the problem.

Intuit is supposed to help NY state filers to amend their
respective taxes for FY01 and FY02.

http://www.newsday.com/news/local/wi...-regional-wire

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

Tags
2001, 2002, college, deductions, returns, screwup, turbotax, w or nys
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