Monday, June 27, 2011

TurboTax Review

As huge of a name that TurboTax has become, it’s easy to find yourself asking: why? Just what about it really separates the software from the rest of the pack, because surely they can’t be the only ones. There are probably too many TurboTax reviews in existence to ever read them all, seeing as they’re all free however, it can be tempting to try.

When we’re talking about something as weighty as your annual income tax return, accuracy of information is critical. It’s easy to stick with something because it’s the something you know, but what if something else worked better?

If you don’t know too much about TurboTax or where to find its many glowing reviews, then let’s cover the basic aspects of their software.

TurboTax is a do-it-yourself tax preparation service which has not only streamlined the process of filing your taxes, but has even changed how much income tax information is available to people who previously had very little accessibility to it and depended on the expert in the office to put the pieces together for them.

Year after year more people file with TurboTax than with any other online service. Many of the reviews you’ll read about the TurboTax software are coming straight from people who experienced many financial benefits by filing online.

There are five different versions of the software available:

· The Free Edition: for simple returns· The Deluxe Edition: for deductions such as medical expenses, homeowners· The Premier Edition: real estate, property, investments· The Home and Business Edition: homeowners, business owners, LLC’s, contractors· And the Business Edition: corporations, multiple owner LLC’s, partnershipsIf you’re one of the people out there who has already used an edition of TurboTax during a previous year, then if you use them again you’ll find that your information gets stored and carried over into the new filing year.

The various editions obviously apply to various living and working situations. Depending on your marital status and the number of children you may have, adopted children, other dependents, if you’re self employed or any number of other variables, you’ll need to use the right edition.

TurboTax Features

They don’t all come with the same features and it’s easy enough to surmise that each version comes with a different price tag, all of which remain surprisingly reasonable considering the current world of unreasonable prices that we all have to deal with.

Like all of the other TurboTax reviews published around the web and in magazines, I’m here to tell you that their GPS-like guidance is remarkably effective. Even if you’ve inadvertently signed up for the wrong version and would benefit greatly from using another, you won’t have to pay the price for a moment of idiocy.

They’ll instantly know that you’d miss certain credits or deductions or simply need different forms and you’ll be prompted to upgrade.

Another feature that needs mention here is the one that checks your work for errors as you go, and then again during conclusive steps, and then again at the very end before you actually file. Most delays and audits are caused by simple mistakes in regards to something as silly as your address or phone number, one wrong digit, and the IRS has no way of guessing at the right one.

There are many TurboTax reviews on TurboTax’s very own homepage. You may be thinking that surely no one could possibly give you the even and level truth in regards to their own reputation, but they do. They have nothing to hide and their reviews offer links to other reviews by people like Cnet, PC magazine, the New York Times, PC world and toptenreviews.com have all put in their heavy opinions and you get the truth straight from them or even from one of the hundreds of bits and pieces written about the different functions of the software from people who have actually used it.

As you go through the process of filing, though pretty much every important part of your return will be covered and prompted by the software itself, there will always be a section of the page for you click through to help or more information which can be handy if your tax situation is a little bit complicated.

Your work is saved frequently through their award-winningly secure network so if you only have time for completing bits and pieces of your tax return you can stop and start whenever you want. If you don’t have some piece of paper or receipts with you to complete a certain tax form then you can “bookmark” that area to finish after you move ahead to steps you can complete.

Your software also comes with a maximum-refund guarantee, not bad huh? Add to that list: an audit support center comprised of both automated and real-live support, a 100% accuracy guarantee, and a vast library of searchable information in regards to certain tax situations written by experts and people with first-hand experience who worked through those situations with TurboTax’s software.

Reviews of TurboTax are also available for free on the website.