Earlier this week a tax client sent me a couple of You Tube links that I found quite amusing. At some point in time there was a rap contest to see who could come up with the best Turbo Tax Rap video. There were quite a few out there on You Tube, but the one my client sent me was one that hit home a message that anyone can prepare taxes with Turbo Tax and that many professional tax preparers are losing money and clients to the software giant. After you watch the video be sure to check out another video that shows our own Treasury Secretary, Timothy Geithner stating that he relied on Turbo Tax to prepare his tax returns (the returns under question where he underpaid his tax). Guess either way you look at it Turbo Tax gets a bad rap.
Moral: Trust a tax professional before you trust software.
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