TurboTax Premier Federal + State 2007 [OLD VERSION]
![TurboTax Premier Federal + State 2007 [OLD VERSION]](/Images/B000W3T6NM/medium.jpg) | Average Customer Rating: Recommend 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.… Product details and pricing info |
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66 Customer Reviews Posted
- TurboTax Premier for Mac Review
- I reviewed TurboTax last year and used it to do my 2006 taxes. In general I liked the 2006 edition except for a bad experience with the "It's Deductible" feature. This year, Intuit fixed that and the program worked flawlessly.
There are basically only two tax software programs specifically for the Mac, TurboTax (five versions) and TaxCut (four versions). There are some online and/or free solutions that tend to be very basic and work fine if you're using the 1040EZ form or have few investments or deductions. Most free versions require that the user have a limited gross income. Visit the IRS website at www.irs.gov for more details.
TurboTax Premier 2007 features a totally revamped interface and is much easier to navigate than the 2006 version. My 2006 return was automatically imported, saving much time entering information.
TurboTax works with Quicken and Quickbooks, which are both Intuit products as well. Manually entering forms and numbers as I did worked flawlessly and TurboTax clued me in to tax considerations that I might not thought of. Users having more or less complex tax situations can choose which version to use. The Premiere version reviewed here is smack in the middle of the bunch.
The Premier version also includes a free download of Audit Support Center, a program that helps you in the case that, heaven forbid, the IRS conducts an audit of your return. Let's just say I'm hoping that I don't need this product, but it's nice to have this as reassurance.
If you're like me, you're always looking to maximize deductions to minimize your taxes owed or your refund. This year's version of TurboTax uses a much simpler deduction finder and doesn't have to go out to the internet like last year's version did.
TurboTax includes error checks and IRS flag checks, which are fairly common in tax applications. After the checks, you're ready to file. This year TurboTax includes free efiling in all of its versions, including the free version. This is a vast improvement over last year's version I reviewed which required an additional $15 for this service.
Intuit hit the mark this year with a product that is easy to use and doesn't feel like a mere port of the Windows version. The price is right and the program does the job. I would recommend this software to anyone. - 2008-02-25, 4 of 4 people found this review helpful, Rated:
- great purchase
- product was offered at a great price. excellent communication between seller and buyer. great service!!!
- 2008-02-25, 0 of 0 people found this review helpful, Rated:
- California calculation errors for stock options
- 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:
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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.
---------------- - 2008-02-23, 15 of 15 people found this review helpful, Rated:
- Premier Product
- This product lives up to it's name. It's very user friendly and easy to navigate after you initially get used to the different screens. I have to say I was very pleasantly surprised at using this software. This is the second year I have used it and will probably use it again next year.
- 2008-02-23, 0 of 0 people found this review helpful, Rated:
- Taxcut convert
- I used Taxcut for many years and decided to switch to TurboTax this year for no good reason. I am much happier with Turbotax!!!!! The interface is different and took awhile to figur out how to navigate, but found it easy after short time. The investment and deduction features (linked to realtime internet data) are great tools and easy to use. Turbotax was able to figure the cost basis of stocks i held for over 10 years with many splits and reinvested dividends (I was dreading doing this on my own). Turbotax is linked to a site for charitable deductions, what a great feature; it easily calculated the value of goodwill donations. Taxcut uses a seperate program, deduction pro, costing extra money. While Turbotax usually cost more then taxcut it is easy to find good deals on Amazon.com i will stick with Turbotax for many years.
- 2008-02-21, 2 of 2 people found this review helpful, Rated:
