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TurboTax Basic 2007 [OLD VERSION]

TurboTax Basic 2007 [OLD VERSION]
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TurboTax Basic 2007 [OLD VERSION]

 
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TurboTax Basic 2007 guides you through your tax return, with simple-to-understand questions to help you finish and file your taxes. You can import your information from last year, check for errors, and complete all the necessary forms. Plus, you’ll get the largest tax refund possible, guaranteed.

Expert Help for Simple Returns

Automatically Import Your W-2s
Don’t understand your W-2? Make it easy. Import your income directly from participating employers.

Answer Easy Questions
No tax lingo here. TurboTax Basic walks you through your return, asking easy questions in clear language. We put your answers on the right forms for you. Easily skip sections that don’t apply to you or explore every one. It’s your choice.

Transfer Info from Last Year’s Return
Watch as TurboTax Basic automatically transfers info from last year’s return to this year’s. Just confirm your past entries to save valuable time.

Transfer Info into TurboTax State
Kick back and watch your federal information transfer into TurboTax State – automatically. You’ll be half finished before you even start your state return (fees apply).

GUARANTEED. Accurate Calculations
Rest assured your return will be error free. TurboTax Basic double checks for accuracy and completeness. We do the math and put accurate figures on your tax forms – guaranteed. TurboTax Basic conveniently imports information from your financial software. Import from Quicken®, QuickBooks®, and Microsoft Money®

eFile* or Print Your Return
Get almost instant gratification. When you electronically file your return – or eFile, you'll receive an IRS confirmation your return has been officially filed. What's more, you'll receive your direct deposit refund in as few as 9 days. Or, choose to print and mail your return. *Additional fees apply to eFile.

Join the Millions Who Trust TurboTax

Relax. TurboTax is dedicated to protecting your personal and financial information. From the most advanced technology to our relentless Privacy Team, we have you covered.

Your Information Travels Safely
We protect your info like the Department of Defense protects theirs. Before you eFile, TurboTax encodes your information with the most advanced encryption technology. Only our computers can decode it, so you don’t have to worry about unapproved viewers.

Your Computer Stores Your Information
After you eFile, rest assured only you can access your return. TurboTax CD and Download products store your information right on your computer. You control it.

Our Commitment to You
Our Privacy Team’s only job is to guard you and your information.

Tax Forms
It’s not as bad as it looks. Here are just some of the forms that TurboTax Basic fills out for you:

  • Form 1040 Individual Income Tax Return
  • Form 1040A Individual Income Short Form
  • Form 1040EZ Individual Income Tax Return EZ
  • Form 1040-V Payment Vouchers
  • Form 1040X Amended Individual Tax Return
  • Form 1099-DIV Dividend Income Worksheet
  • Form 1099-G Certain Government Payments
  • Form 1099-INT Interest Income Worksheet
  • Form 1099-MISC Miscellaneous Income Worksheet
  • Form 1099-MSA Medical Savings Account Distribution
  • Form 1099-OID Original Issue Discount
  • Form 1099-Q Qualified Education Program Payments
  • Form 1099-R Distributions from Retirement Plans Worksheet
  • Form 1116 Foreign Tax Credit
  • Form 1310 Stmt of Person Claiming Refund
  • Form 2106 Employee Business Expenses
  • Form 2120 Multiple Support Declaration
  • Form 2210 Underpayment of Estimated Tax
  • Form 2210AI Annualized Income
  • Form 2441 Child and Dependent Care Expenses

Plus tons more to get all of your taxes taken care of.

 
List Price: $19.95
Our Price: $9.99 & eligible for FREE Super Saver Shipping on orders over $25.
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Product Details
Package Length:7.6 inches
Package Width:5.3 inches
Package Height:0.7 inches
Package Weight:0.25 pounds
Average Customer Rating: based on 35 reviews

System Requirements
Platform:Windows Vista / Mac OS X 10.5 Leopard / Windows 2000 / Windows XP / Mac OS X
Media:CD-ROM
Item Quantity:1

Features
  • Guides you through your federal return step-by-step

  • Asks easy-to-understand questions in plain English

  • Inputs your answers into IRS-approved forms

  • Double-checks your returns for errors

  • Gives you the choice to print or eFile your return (eFile fess apply)


Customer Reviews
Average Customer Review:3.0 ( 35 customer reviews )
Write an online review and share your thoughts with other customers.

Most Helpful Customer Reviews

60 of 61 found the following review helpful:


511 Years With TurboTax  Dec 18, 2007 By Richard M. Shelburne
This will be the 11th year that I have used TurboTax to prepare my Federal tax return. Eleven years ago the user interface was a little difficult but workable. Last year the product was great and I expect it to continue to improve. Over the years, I have learned that the product is not infallible and some (but very few) mistakes were made, especially in the area of education credits and whether a "Hope" or "Lifetime" learning credit applies. I was able to successfully navigate through this problem but had to force it into the appropriate category. It remains important for the user to be aware of the tax laws so as not to be surprised by these problems.

I have always used the "Basic" version and have found that it meets all my needs including self-employment forms, capital gains, pensions, child care expenses, various tax credits such as the residential energy credit, and many, many more. I have never used the "State" product since state tax returns can be filed in New Mexico over the internet at no cost. You should check with your state to see if it has similar programs.

The only real problem with TurboTax is that the program is released early and before any federal forms are finalized. The update process is easy enough, but if you have a dial-up connection it will take a good bit of time. With a "real" high-speed connection such as cable, it's no sweat. This year it took me about a minute. I personally like to begin my return in December, so this is not a problem for me.

Another great feature is that you can copy personal information such as names, SSN, filing status, etc. from the previous year so you don't have to retype it this year. It also copies financial institution and W2 information which can be edited for the current year without retyping names, tax ID numbers, etc.

I highly recommend TurboTax and wouldn't use any other.

23 of 23 found the following review helpful:


2Dishonest  Jan 30, 2008 By Anthony W. Goforth
I have used this product for 10 years and have been very pleased. This year, however, the BASIC Turbotax does not include a Sch C as it always has in the past. When I went to their website, it clearly says that it DOES include Sch C. I then talked with a TurboTax representative who told me that it DOES include one, but you have to PAY to UNLOCK it! When I asked how much, they said "the difference between the Basic and the Home and Office Edition" which was like $60 more! That is dishonest. I am trying TaxCut this year for $13.99 and it does include Sch C and imports all the info from your prior year Turbotax. Intuit, get a clue.

54 of 60 found the following review helpful:


1don't waste your money  Jan 26, 2008 By Rob "beatlefan61"
The description mentions that you can use this software to prepare your return and e-file it. What they fail to mention is that when you try to e-file, they expect an additional $17.95 to do so! But wait, that's not all...E-filing for individuals who earn below a certain income are entitled to e-file free of charge. I did so, using free software online from Turbo Tax. The very same software I purchased for $19.99. Save your money. Turbo Tax Basic is available free online. There is absolutely no difference, except that it allows you to e-file without extorting another $17.95.

18 of 18 found the following review helpful:


1So Long TurboTax, Hello TaxCut!  Feb 01, 2008 By Institution Green
After using TurboTax Basic Edition for the last several years with no major probems, I stopped off to pick up the '07 version.
Uh-oh!

The folks at Intuit have decided to strip features from the Basic Edition to the point where it would really only be of use to a 19-year-old fast food worker living in his parents' basement. They're hoping you'll fork over $45 for the Deluxe Edition, which contains features formerly available on the Basic Edition.

At any rate, TaxCut was on the next shelf, so after making a side-by-side comparison, I've decided to make the switch to their Premium Federal version, which seems to resemble TurboTax Basic from years past, plus it's the same price as TurboTax Basic. It also imports your previous year's TurboTax data.

Sorry, Intuit. You just got a little too greedy.


18 of 19 found the following review helpful:


4Features are there, in spite of what Intuit implies  Feb 14, 2008 By Jeff from Denver
I bought TTAX Basic and installed it. It has all of the usual forms and interviews to support them. The Intuit web site lists all of the forms included. I even found Schedule C in there, even though several people have reported it missing (perhaps in was added back in the latest downloads?).

Confusion reigns because of the way Intuit seems to want to push people to higher cost products. There is extra help in higher cost products, and maybe some extra features (Deduction Finder or Cost Basis Lookup). If you don't need those things, TTAX Basic works fine.

My return includes 1040, Schedules A, B, C-EZ, D, SE and all of the forms required for IRA contributions and rollovers, and annualization forms for estimated tax penalty calculations, plus many, many forms I don't need.

Take a look at the online version of Basic (no need to pay anything or even register if you won't be saving your work) to verify that everything you need is really there.

The problem isn't that TTAX has lost features. It's that Intuit's guides to which version to use IMPLIES that did if you don't read closely enough.

See all 35 customer reviews on Amazon.com
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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