|
|
- Makes tax preparation very easy.First of all, I use a Mac with OSX and this software works great. It is much improved over previous versions. I had tried Tax Cut in the past, and support for Mac was non existant. I do use Quicken, but choose to enter it in Turbotax manually, as my tax situation is too complicated to do an import. The flow of the program is excelllent, and explanations are thorough. It also includes the state program which is also quite useful. The only complaints that I have are when dealing with Capital Gains, the instructions state it will help calculate the basis for a company spinoff, but on the drop down menu, for Schud D, this is not available. The basis pro feature is helpful, but it can be complicated to enter in all the data, especially if you are in a dividend reinvestment program, which results in several tax basis lots. Another issue, was that in the State section, the explanations of AMT adjustments compared to Federal issues, was lacking. Finally, in the past, a federal e-file was included, but this year it is not. I filed by paper as I do not consider it cost effective to efile versus only getting my refund 2-3 weeks earlier. Rating: - Compare with Other Turbo ProductsTurbo tax for home and business is a bit pricey, but you can do up to 5 returns according to customer support. The Roth IRA section is either not there or I couldn't find it. Turbo tax is using all the tricks to get you to buy or upgrade on their product choices -- it's a little annoying to have to say no when the program asks if you are using Quicken books to upload, etc, or if you want to use other 3rd party services throughout the process. I recommend going to Turbo Tax website and using the compare grid to see which tax product is the optimal for you. Unfortunately some people probably need to buy multiple tax procucts to accomplish more complex returns, such as trust returns. Also, I like the pdf/print capability -- you can copy your return to a pdf and view it, or print it later. I sent my hardcopy return to the IRS via US Mail, I refuse to pay to have my tax return electronically submitted -- that should be free -- the industry has a lobby on this one. Overall it's a great product, and anyone can confidently do their own taxes with this product. Rating: - Waste of time and moneyHas anyone tried importing data from QuickBooks to TurboTax? That dog wont hunt. Rating: - Saves you time... but so does TaxCutI used TaxCut for the last three years and bought TurboTax by mistake this year. I found out that they both do the same thing, and both are easy to use. I am giving it 4 stars instead of 5 because I did find one glitch in the software which is that even though I entered the Simple IRA contribution under my W2, it did not carry the amount to the 1040 until I manually went to the IRA worksheet and entered the amount there. The reason I found the error is because all my figures were almost identical to last year's figures but the final tax refund was off by a lot from last year's number. I went to TurboTax's support forums and found the answer there. But had I not had my last year's return handy to compare it, I might have lost that big IRA deduction. Rating: - Best Tax Software out thereI have been using this product for 8 years for my wifes business and my w-2's. It gets better every year. No audits and no errors. It doesnt take any more time than it would gathering the information and taking it to a tax person and you save the gas!
|