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About Mike Wellman
Expertise
I was a former Manager with Price Waterhouse, now PricewaterhouseCoopers, the largest accounting firm in the world. I have had clients in almost every industry and of every size. I will only answer questions dealing with IRS problems such as delinquent tax returns, Offers in Compromise (Tax Settlement), IRS collection matters including installment agreements, liens, levies, seizures, audits, appeals, innocent spouse claims and injured spouse claims. All other will be referred to the question pool.

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Over 25 years experience in taxation specializing in IRS collections, examinations and appeals.

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New York Times, Wall Street Journal, Your Money.

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BBA, Baylor University.

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IRSOS.com won the Knowledgeweb award for educational excellence for content.

 
   

You are here:  Experts > Business > Corporate Law > Tax Law (Questions About Taxes) > 2007 turbo tax for 2008

Topic: Tax Law (Questions About Taxes)



Expert: Mike Wellman
Date: 1/25/2008
Subject: 2007 turbo tax for 2008

Question
I know that there are new laws every year. What do you think the harm would be if I did my taxes up with 2007 turbo tax after reading the "whats new" then adjusting for that rather than buying a 2008 turbo tax

Answer
Turbo Tax 2007 is the current year version for preparing 2007 taxes due in April 2008. Turbo Tax 2008 will not come out until almost a year from now.

Apart from that, you cannot use a tax package for one year to do another year's taxes. The tax year is printed on each form and the laws cause changes to the forms.

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