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TurboTax Premier Federal + State 2007 [OLD VERSION]

TurboTax Premier Federal + State 2007 [OLD VERSION]
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TurboTax Premier Federal + State 2007 [OLD VERSION]

 
SKU:  

44867F

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TurboTax Federal + State Premier 2007 is great for maximizing deductions, investments and rental property. It guides you step-by-step and checks for errors asking you question in plain English then puts your answers on IRS- and state-approved forms, double checks your return for errors, and then alerts you to audit risks to help you reduce your chance of an audit. Also includes everything in TurboTax Deluxe.

 
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Product Details
Package Length:7.5 inches
Package Width:5.3 inches
Package Height:1.4 inches
Package Weight:0.15 pounds
Average Customer Rating: based on 73 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 step-by-step through investments and rental property income

  • Assists with stocks, bonds, mutual funds and employee stock plans

  • Gives you tax-saving advice for 401Ks and IRAs

  • Provides extra guidance for rental property income, expenses and refinancing

  • Includes a download of one TurboTax State product - a $34.95 value


Customer Reviews
Average Customer Review:3.5 ( 73 customer reviews )
Write an online review and share your thoughts with other customers.

Most Helpful Customer Reviews

66 of 69 found the following review helpful:


5This Year's Turbo Tax Premier  Dec 17, 2007 By "Jerry"
As a longtime Turbo Tax user (as long as I can remember), I was not so sure when the De Luxe version was no longer good enough and I had to upgrade. I have been entering deductions and credits thus far, as well as income items or estimates of income, to try this version out and to get ahead of the rush next year. This year's version is better than ever, easier to use, and well designed for novice or experienced Intuit product users. Turbo Tax is still the best tax preparation software on the market, and it gets better and easier to use every year. For novices, the interview is comprehensive, guides you through the process, and is not too painful even if it asks the occasional "stupid question" as it looks for nuances of income or deduction. For the experienced "old-timer", it is easy to get to where you want to be, and you are still prompted to think of all of those income and expense items that matter. This is software that is worth what it charges (and don't forget it is tax deductible!) both in terms of ease of use and savings it will help you find. And the free link to "Its Deductible" is a nice additional feature.

40 of 40 found the following review helpful:


4Long time user  Dec 30, 2007 By R. Speizer "thebooktiger"
I have been using Turbotax since 1989. Back then the company was called ChipSoft and the program came on floppies!
Obviously I like the program.
Pros: Easy to use from year to year with importing features.
Can import data from your broker 1098/1099. (way cool!)
Can import w2 data (sometimes-I cannot as my employer does not support that)
Well organized.
Cons:
It can be hard to find specific special things to work on.
I have some odd rental stuff and the help for this is very poor.
The search to find special items is not good.
The only "help" seems to be excerpts from the IRS tax booklets.

Overall though I like it and have used it for years.
Considering that one of the big tax companies messed up my taxes the last time I used them and got me audited and was a mess. With TTAX I also got audited once but passed with a PERFECT score.



15 of 15 found the following review helpful:


1California calculation errors for stock options  Feb 23, 2008 By David Weber
This product worked really well until I got to the California return. As other reviewers have stated, the program makes a significant error calculating California taxes when it comes to employee stock options. The program double-counts profits for AMT purposes, and so it calculates that you owe more tax than is correct.

Even worse than the software having the bug, the response of Turbotax support has been very disappointing. I emailed them with a description of the bug on February 1, and then I discovered a workaround to the bug on my own and emailed them with that solution on February 4. They sent me an email back thanking me for my feedback but said they couldn't guarantee that a patch would be issued.

They have a live community forum, to which I also posted a description of the bug and a workaround. But this only produced a few replies from other people who are also seeing the same bug. And the search engine for the forum is so poor that it is nearly impossible to find the post that I wrote, even if I type the exact title of my posting in the search engine window.

Other people on the community forum (as well as other Amazon reviewers) have reported this bug as well. I found one post on the community forum stating that an update would be available on February 15, but as of today (Feb 23), the error still exists. Also, once an Intuit employee answers a posting, it seems to be marked as "solved" and no follow-up postings are allowed (even if it is not really solved.)

Had I not carefully reviewed the forms this program generated, I would have paid thousands of dollars more to California than I owed, so I cannot recommend this program despite the otherwise superior user-interface. In past years I have always used TaxCut, which is more difficult to navigate but has never produced an error like this.

For anyone else in my situation, here is a workaround to the problem:
-----------------
On the Federal forms menu, on each Capital Gains Worksheet, line 38 gives a choice to report the transaction as single-line or multiple-line. Multiple-line is selected by default. By selecting single-line on each transaction, my California AMT and my total California taxes were reduced substantially.

The fact that "single-line reporting" shows a different result than "multiple-line reporting" proves without a doubt that this is a Turbotax bug. There should be no difference in the tax calculated due to the reporting format.
----------------





36 of 42 found the following review helpful:


5TurboTax is still the best, hands down!  Jan 06, 2008 By Bil. Alvernaz
First off, I need to disclose that I worked with Mike Chipman (who designed and created TurboTax for his company called ChipSoft) to help him build his company - starting in the mid-1980s. I did the first comparative review of tax software for PC Magazine; and I picked TurboTax #1 way back then. And, what I have seen (I no longer work for the company producing TurboTax) is that each year TurboTax just keeps getting better and better.

From the very beginning, when TurboTax was one of the few tax prep packages that didn't have any problem printing to pin-fed pre-printed tax forms. Now a days, printing is a snap. Well, actually everything with TurboTax is close to effortless. The only "hard part" is digging out everything you need to "find the numbers" and info to "plug in."

The on-going question about tax software is "Yea, but can I really do taxes with my computer?" Oh, yea, you most certainly can ... and you should be.

Not long after TurboTax first hit the streets, we started hearing from people about how TurboTax kept them from making dumb mistakes and also how TurboTax helped them find additional deductions. One year we based the advertising campaign on "love letters" we got from people who used TurboTax to "double check" the work done by their accountants and CPAs. The bottom line (no pun intended) was that TurboTax found hundreds and thousands of dollars worth of additional or overlooked deductions that the tax preparers had completely missed. The key point here is that TurboTax won't let you miss anything. There is a "down side" to that in that the "interview" process of TurboTax does take some time. But, after you go through in and "plug in" the data, your taxes are pretty much done.

The final check for mistakes or missing information is flawless, too. TurboTax really does DO IT ALL.

I can't say enough good things about TurboTax. Over the years, my wife and I have tried other tax prep programs ... we always come back to TurboTax. This year I was lucky enough to participate in the beta testing process for this year's version of TurboTax ... I was even more impressed with the company, because they listened to ALL of the input we beta testers provided ... and that made the program even better. And, let me tell you, it is no picnic testing TurboTax ... they push you to try just about every feature (and rightly so), so you learn even more about just how great TurboTax is.

You can't go wrong with TurboTax ... after all this time, there still isn't a better tax prep package. Oh, yea, one other thing, next year when you do your taxes with TurboTax, it imports in all of the data from this year, so you don't have to worry about social security numbers and a whole bunch of other stuff. Also, TurboTax has tax planning built into it, so after you file your taxes, you can keep track of things (and changes in your financial situation with respect to tax consequences) right in TurboTax, too ... you can't beat this product. For anyone who thinks he or she has to pay someone to do you taxes, FORGET ABOUT IT. TurboTax is the only way to go!

If you still aren't convinced, go ahead and let someone else do your taxes. Then, buy a "close out" version of TurboTax in April or May. Then "run the numbers" to see if your tax preparer missed anything. Odds are, you'll want to file an amended tax return (which, you guess it, TurboTax can, indeed, help you with that, too!).

Bil. Alvernaz (bil@alvernaz.com)



8 of 8 found the following review helpful:


2Heads' up: are TurboTax's table's incorrect?  Feb 10, 2008 By Shopper
I purchased TurboTax on 2/9/2008, installed it, and downloaded all the updates. I got through the program without difficulty. When finished, I glanced at the numbers, and for fun, I decided to check TurboTax's "this is your tax" against the IRS's tax tables. Big oops----the IRS tax tables say the tax on my taxable income is $706 MORE than TurboTax says it is. Yikes. That's a big error...an error the IRS would not like. I've sent email to TurboTax to inquire about this, and I discovered how to over-ride the TurboTax number and enter the correct number, if necessary.

In the meantime, I suggest that users verify that their "total tax" shown in TurboTax is accurate by checking the amount against the tax tables.

See all 73 customer reviews on Amazon.com
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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