TurboTax Audit Defense

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cnytax
Posts: 51
Joined: Sat Jul 16, 2011 11:28 am

TurboTax Audit Defense

Post by cnytax »

TurboTax offers something called Audit Defense where it is claimed that the taxpayer would receive representation with the IRS in case of an audit. Any thoughts out there about whether something like that would actually useful in the cross border taxation world?

My first instinct is that it is probably worthless for crossborder situations given that most tax "experts" and preparers seem to know very little about this and I assume Audit Defense would be no different.
nelsona
Posts: 18363
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

any extra product that these companies provide is simply designed to be pure profit and is of no value.

They are wanting you to pay for "insurance" in case their software made a mistake. It doesn't cover anything.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
DaveM
Posts: 52
Joined: Thu Jun 12, 2014 12:46 am

Post by DaveM »

cnytax: 'My first instinct is that it is probably worthless for crossborder situations given that most tax "experts" and preparers seem to know very little about this and I assume Audit Defense would be no different.'

Trust your instinct. :) I wouldn't even be surprised if there is a 'small print' disclaimer that offshore/cross-border issues are not covered.
cnytax
Posts: 51
Joined: Sat Jul 16, 2011 11:28 am

Post by cnytax »

As I suspected. Thx.
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