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-   -   Tax software for calculating foreign tax credits on Form 1116 (https://www.askmehelpdesk.com/showthread.php?t=80712)

  • Apr 9, 2007, 11:40 AM
    jake2005
    Tax software for calculating foreign tax credits on Form 1116
    Hi there.
    I wonder if anyone can advise me which is the best software for filling out Form 1116? I am using Turbotax 'Home and Business' and the IRS instructions together to fill mine out, but the IRS instructions are SO complicated and the Turbotax software assumes that you know a lot about filling out this form.
    Does anyone know of an 'easy to understand' online version of this form, which will calculate my foreign tax credits if I input the information? Or else a simplified version of the IRS instructions - for individuals who are not tax experts!
    Thank you in advance for your help.
  • Apr 9, 2007, 12:12 PM
    The Texas Tax Expert
    Quote:
    Originally Posted by jake2005
    Hi there.
    I wonder if anyone can advise me which is the best software for filling out Form 1116? I am using Turbotax 'Home and Business' and the IRS instructions together to fill mine out, but the IRS instructions are SO complicated and the Turbotax software assumes that you know a lot about filling out this form.
    Does anyone know of an 'easy to understand' online version of this form, which will calculate my foreign tax credits if I input the information? or else a simplified version of the IRS instructions - for individuals who are not tax experts!?
    Thank you in advance for your help.
    Both Turbo Tax and Tax Cut rely on the user knowing something about this. The software does do the basics but you need to use additional effort and research for the FTC.
  • Apr 11, 2007, 11:15 AM
    jake2005
    Texas Tax Expert - Thank you for your help. I'll try Tax Cut to see if it's any easier.
  • Apr 16, 2007, 12:37 PM
    AtlantaTaxExpert
    You might want to try TaxAct.
  • Apr 16, 2007, 02:45 PM
    jake2005
    Thank you Atlanta TaxExpert - I'll give it a go!
  • Apr 23, 2007, 01:44 PM
    AtlantaTaxExpert
    Glad to help!
  • Oct 30, 2007, 07:28 AM
    mehnazq
    Quote:
    Originally Posted by jake2005
    Hi there.
    I wonder if anyone can advise me which is the best software for filling out Form 1116? I am using Turbotax 'Home and Business' and the IRS instructions together to fill mine out, but the IRS instructions are SO complicated and the Turbotax software assumes that you know a lot about filling out this form.
    Does anyone know of an 'easy to understand' online version of this form, which will calculate my foreign tax credits if I input the information? or else a simplified version of the IRS instructions - for individuals who are not tax experts!?
    Thank you in advance for your help.
    You can email me at [email protected] and I will explain you.
  • Oct 30, 2007, 07:52 AM
    AtlantaTaxExpert
    Give Mehnazq a shot.

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