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Video instructions and help with filling out and completing Turbotax form 8888
Instructions and Help about Turbotax form 8888
Hello everyone and welcome to the class this is david a cox with Tech Talk America and today I have a special guest with me please welcome mr. chip Capelli also known as my accountant hi chip hi David how are I'm wonderful thank you for joining me here today we actually recorded this class several years ago and so we're decided to refresh it so that for any of you out there who have questions about filing your taxes online using TurboTax we want to walk you through everything and I you know I think the first place that we should probably start here chip is you know what does someone need in advance of starting this process like what do you have to have with you well whether you're using TurboTax or any online program or desktop program or going to an accountant information is always the most important thing so you should have all your w-2s 1099s if you have kids through your kids dates of birth social security number if you have a house your mortgage statement any brokerage statements 1099 some banks anything anything that you got where the envelope says important tax document enclose and just put that all together folder and and have it read have it ready or bring it to somebody like me but everything you have is important okay great so the other thing I thought that we really need to go over but you know just to not even waste people's time it is let's talk about who is this for and who is this really not a good solution for it because it's not for everyone right TurboTax is a great product it's a good consumer product but they're good for what we call simple returns and that doesn't mean that the people are simple it's really not a dig on anybody what it means is you have one or two w-2s it's a husband and wife couple kids a house if you get into a lot of investment income self-employment income things like that that are outside the norm of everyday of most people's day-to-day financial life you really either need to buy different product a different TurboTax product of which there are many or you need to go to someone who actually knows it's familiar and works on a lot and go to a professional service we want to say right up front look folks this is not for every one but if you do decide to get it we do have a link to where you can get it right in the description of the video you can buy it right through Amazon so chip here we have the software open uh I think we're about good to go right so yes let's click let's click on begin for purposes of this demonstration we're going to continue without transferring a tax return if you would use this in prior years you transfer all of.