It’s tax season again. You know the signs: People talking IRS, TurboTax, Deductions, IRAs, Tax Credits and the dreaded Tax Payment. Tax season always reminds me of a little tax utility I wrote.
About 3 years ago I had a problem getting my trades from my Broker into TurboTax. I had all my trades in a nice little spreadsheet ready to import when alas I saw that the only import format TurboTax supported was TXF. TXF? What is a TXF I thought. I looked it up and discovered it was a fairly simple text format. I also saw many conversion programs available that would take a CSV or Excel file and convert them to TXF for the low price of $40. $40 to convert one text file to another?
I was frustrated that something as basic as a common file import was not available in TurboTax and that 3rd parties where charging as much as I paid for the tax program to do this simple conversion. One of my skills being a software architect I got to work and wrote the converter in an hour or so and got my taxes going. I then decided to put this conversion utility on my website so that anyone can use it for FREE.
So around this time of year I get a ton of traffic to that TXF conversion utility as Intuit still hasn’t gotten around to adding it to TurboTax so there is still a big need to fill. I even use it myself and I always enjoy the intermittent thanks I get from satisfied users.
Just my little way of giving back while the Tax-man taketh away…