Using TurboTax Business 2003 for 2004 calculations

#3 01-07-2005, 05:06 PM

- quote -

> > The TurboTax FAQs say the 2003 program can't be used to do a
> > 2004 1120. Since it will print 2003 on the form for sure, I
> > realize I can't use it to generate the return. But, I'm
> > wondering if I can use it to just do the calcs, so to speak,
> > and hand copy over to a paper 1120 form. Seems that might
> > work if the rules & rates did not change. Alos, it occured
> > to me it might get messed up in a more subtle way, e.g.,
> > depreciation calcs.
> > > I'm in the process of disolving a small corporation as of
> > 11/30/04. The remaining resources are quite small, so I'm
> > trying to avoid putting out the $100 for Federal and $40 for
> > State. Obviously, this will be the final return.

> Hum, how about pencil, paper and complete set of 1120 - 2004
> instructions? That will do it.

You forgot the eraser.

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#2 01-02-2005, 07:27 PM

- quote -

> The TurboTax FAQs say the 2003 program can't be used to do a
> 2004 1120. Since it will print 2003 on the form for sure, I
> realize I can't use it to generate the return. But, I'm
> wondering if I can use it to just do the calcs, so to speak,
> and hand copy over to a paper 1120 form. Seems that might
> work if the rules & rates did not change. Alos, it occured
> to me it might get messed up in a more subtle way, e.g.,
> depreciation calcs.
> I'm in the process of disolving a small corporation as of
> 11/30/04. The remaining resources are quite small, so I'm
> trying to avoid putting out the $100 for Federal and $40 for
> State. Obviously, this will be the final return.

Hum, how about pencil, paper and complete set of 1120 - 2004
instructions? That will do it.

Helen, EA in PA
Director, NAEA; Immediate Past President, PSEA; Tax Expert, AOL
Enrolled Agents - THE Tax Professionals

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#1 12-31-2004, 03:27 PM

Jag Man wrote:

- quote -

> The TurboTax FAQs say the 2003 program can't be used to do a
> 2004 1120. Since it will print 2003 on the form for sure, I
> realize I can't use it to generate the return. But, I'm
> wondering if I can use it to just do the calcs, so to speak,
> and hand copy over to a paper 1120 form. Seems that might
> work if the rules & rates did not change. Alos, it occured
> to me it might get messed up in a more subtle way, e.g.,
> depreciation calcs.

What many of us used to do in the days of filling out forms
literally with pencil/pen/typewriter... was if the current
form was not available, would go ahead and use previous
year's copy and up where the year is in big bold letters,
use a black marker and change it to current year. So yes,
assuming that there has been NO change to 2004 forms from
2003, you could go ahead and print it and do the same. But
be sure; be absolutely sure first.

- quote -

> I'm in the process of disolving a small corporation as of
> 11/30/04. The remaining resources are quite small, so I'm
> trying to avoid putting out the $100 for Federal and $40 for
> State. Obviously, this will be the final return.

Then simply download the appropriate forms from respective
websites and use a black Papermate Erasermate pen. It's
ink, but you can use the eraser within fifteen minutes of
writing.

Happy New ChEAr$,
Harlan Lunsford, EA n LA

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12-31-2004, 01:51 PM

"Jag Man" <Jag_Man653R-E-MOVE[at]hotmail.com> wrote:

- quote -

> The TurboTax FAQs say the 2003 program can't be used to do a
> 2004 1120. Since it will print 2003 on the form for sure, I
> realize I can't use it to generate the return. But, I'm
> wondering if I can use it to just do the calcs, so to speak,
> and hand copy over to a paper 1120 form. Seems that might
> work if the rules & rates did not change. Alos, it occured
> to me it might get messed up in a more subtle way, e.g.,
> depreciation calcs.
> I'm in the process of disolving a small corporation as of
> 11/30/04. The remaining resources are quite small, so I'm
> trying to avoid putting out the $100 for Federal and $40 for
> State. Obviously, this will be the final return.

Enough has changed so that your proposed method of handling
the tax preparation for that corporation may be useless.

Wayne Brasch, CPA, M. S. Taxation

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#-1 12-29-2004, 01:50 PM

The TurboTax FAQs say the 2003 program can't be used to do a
2004 1120. Since it will print 2003 on the form for sure, I
realize I can't use it to generate the return. But, I'm
wondering if I can use it to just do the calcs, so to speak,
and hand copy over to a paper 1120 form. Seems that might
work if the rules & rates did not change. Alos, it occured
to me it might get messed up in a more subtle way, e.g.,
depreciation calcs.

I'm in the process of disolving a small corporation as of
11/30/04. The remaining resources are quite small, so I'm
trying to avoid putting out the $100 for Federal and $40 for
State. Obviously, this will be the final return.

TIA

Ed

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