Review by H. Wang

I do my own tax return, mainly because I have complex tax situations…more than 5 schedule K-1 from various LLC investments (including 2 oil drilling investments with complex tax codes), more than 10 rental properties, more than 5 stock trading accounts…etc. First of all, not all the tax-filer have the related experience or knowledge to handle my tax return. Or it will cost me a fortune for an experienced CPA to do my tax return.

I was using Turbo tax initially, but I didn’t find special advantage in Turbo Tax when comparing with H&R’s Tax Cut. So, I switched over to Tax Cut, and I have been using H&R tax cut for the past 8 years. It’s not only cheaper, but also capable of handling my tax return’s needs. It has an easy interview process to guide people to enter information. It also allow me to fetch specific form to allow manual modifications. I can also do quite some if-else analysis to assess different tax strategies with it. Also, the cost of purchasing additional state tax packages is low (I have rental properties in various states that require me to file multiple state tax returns.).

To my experience, both Turbo Tax and Tax Cut are not much difference in functions and capabilities. But I would recommend Tax Cut for its value.