Quicken TurboTax
March 18, 2010 | Posted by admin 
Amazon.com Product Description
Quicken TurboTax is a fast, easy, and complete way to do your taxes. It interviews you, completes the forms, and prints them out, ready to file–all in almost no time. EasyStep Interview will ask you simple questions, place the answers directly into IRS-approved forms, and perform all calculations automatically. TurboTax finds errors, overlooked deductions, and entries that could trigger an audit, and lets you file electronically to get your refund faster or prints your return onto IRS-approved forms. This version is revised and updated, and incorporates every tax-law change to guide you through your taxes and help you take advantage of more deductions. Bring over information from last year’s tax return, so that you don’t have to reenter your data. The Tax Advisor gives you custom money-saving tax advice as you complete your return. Receive a tax report in the form of a customized, printable action plan to which you can refer all year to save you money on next year’s taxes. The Refund Monitor constantly displays your refund amount or tax due, and updates itself automatically as you enter new information. To see a snapshot of your taxable income and deductions in addition to your bottom line, double-click on the Refund Monitor to view the Tax Summary. The new TurboTax features a streamlined interface that puts everything in plain sight, and makes doing your taxes easier than ever.
Categories: Quicken | 
Tags: Quicken, TurboTax | 
5 Comments »
I have used TurboTax for several years now, and have generally been very pleased with it. This year however I ran into a limitation which is not documented anywhere except for one article on Intuit’s web site. No box can have a value more than 9,999,999. The online answer refers one to their much more expensive “ProSeries,” which does not have the interview mode. Seems like a sleazy marketing scheme to sell some other overpriced product, and unfortunately it is tacked onto an otherwise good product.
Rating: 4 / 5
Gee, my first review seems to have gotten lost!
This is not an easy program to download and install. After you download the product and install it your desktop will be full of “Intuit” junk – I didn’t like that.
Rating: 1 / 5
When one starts the software, it immediately instructs one to update it through the Internet. However, the software crashed repeatedly when it was about to install the updates. Furthermore, if your legal residence is in one of the US territories (i.e.: Virgin Islands, Puerto Rico, Mariana Islands, etc.) this software is absolutely useless. I decided to buy the software after I ran into serious difficulties using the online version, thinking that the CD version would have less glitches. Well, it appears that both suffer from the same problems.
Rating: 1 / 5
This is a very nice piece of software. It guides through the entire process and even has diagrams of the forms so you know exactly which number to record from which box. The help section offers assistance on procedures you may not be familiar with. My favorite part is that if you use TurboTax year after year it will look at your old returns and see if your information is within reason as well as gathering name and address so you don’t have to enter it again. My only problem is with investment income. The software does still require some knowledge on your end of different methods of reporting investment income, such as FIFO or average. But, all in all, a nice program that simplifies that task we all dread.
Rating: 4 / 5
First off, do not fall into the “trap” of avoiding purchase by doing this online at turbotax.com !!!
You WANT to be able to save your data on your computer, back it up on disk, and access the following year. Do some of you work out of your home? Did you recently buy a computer? Not only can you get a tax break on this home business purchase, but you can write off yearly depreciation. Unless you want to learn the IRS’s depreciation schedule for all items, use this softtware, save your file and when the next tax season comes along all depreciation will automaticly be accounted for. Of course this is just one example of WHY you should invest $20 and buy the software.
Need more reasons? If you ever have an audit, you can easily print out detailed reports with this software, and present them to an auditor. If you ever have gotten audited, you know how long and hard it is to do these reports by hand and calculator.
Preparing your taxes are not as hard as it is made out to be, if you use this software. It asks you questions, you answer them, if you don’t understand a question it will break it down into “Simple English” and even cite examples. The whole process takes about an hour.
Have been using this software for four years now, no mistakes, no problems, and easier to do every year. This software keeps on improving. No need to spend a lot on the “deluxe” version, this will do all you need it to do. (If you are filing business taxes then you should get the deluxe version, this will not help you much).
The best feeling is knowing that you did your taxes, and knowing that you did them at your pace, and ensured that everything was fine. When you hire an accoutant or go to H+R block, these companies have employees who do 40-60 returns a day! There chances of making a typo or mistake is much greater than yours.
Do yourself a favor, invest $20 on this, do your taxes early, and have a fun April.
Rating: 5 / 5