TurboTax Basic 2007

List Price: $19.95 Discount Price: $0.01

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:

The Online Basic Version Might Be All You Need [Posted on 2008-03-29]
These comments refer to the basic version of Turbo Tax available through their Web site. The review here by "Jeff from Denver" is exactly right. I'm pretty much locked in to Turbo Tax on an annual basis, and it does a great job of finding various things I would miss if I was still filing paper returns, and transferring last year's data and so forth. But the last two years have been confusing as Intuit has tried to market more advanced versions of the tax product. Which one is right? It's akin to Microsoft's multiple versions of the Vista operating system: There are too many and it gets confusing. Having acquired a number of mutual funds along with dividend and interest income in 2007, I was on the verge of paying for the "Deluxe" version of Turbo Tax, thinking that with these investments it would be the correct thing to do. But after reading Jeff's review--and after feeling duped by last year's "Super Deduction Finder" version--I decided to use the basic version for only $11.20 (Fidelity-sponsored, through March 28th).

Well, it worked fine. I was able to automatically import all my financial data from Fidelity, enter an IRA contribution, and even file an obscure K-1 form for an investment partnership that my wife is involved in (via the Tools, Forms option).

So I agree with Jeff completely. I think Intuit's marketing is running way ahead of itself and confusing people. Of course for people with complicated finances those advanced products could be of use. For those with more straightforward circumstances, I would think the basic version is all you need. It worked fine for me this year, whereas last year I overpaid for the "Super Deduction Finder" version.

TurboTax and Connector [Posted on 2008-03-29]
So far, Turbo Tax Basic installed easily and imported financial data from my broker ect with no problems which saved me a lot of keystokes.

My complaint is with Amazon which did not send me a cable I ordered along with Turbo Tax. This cable addition to the order would have qualified me for free shipping, so my TOTAL cost would have been about the same as Turbo Tax alone. Amazon ackowledged my complaint about this screw-up but, so far, have done nothing to correct it. They make it very difficult to contact a human being, so I'm thinking of taking my business elsewhere.
Dexter Goad

price going up, feature going down [Posted on 2008-03-30]
I started using Turbotax almost ten years ago, and as Taxcut quality improved and TurboTax kept raising prices, I switched to Taxcut three years ago. This year, after a friend's recommendation, I tried to use Turbotax again, what a piece of junk. TaxCut imports pretty much all the information from TurboTax files, but TurboTax DOES NOT. All TurboTax users should switch to TaxCut, TaxCut is easier to use, covers all the issues, and cheaper. TurboTax has nothing to compete with other than a longer time brand name.

too basic to be of use [Posted on 2008-03-31]
To those complaining of incorrect treatment of income or expenses, for years this has been the case with TurboTax.

I've always used TurboTax and I can't remember a single return that was correct without substantial editing. Anytime you get off the beaten track (partnerships, trusts, Katrina damage, etc) its a deficient app. You must check your returns and insure the manner in which deductions are being handled makes sense.

You also have to check what's printed on the forms. Last year I got a letter from the IRS about forms not substantiating the deductions taken on the 1040. Crazy, but what I was seeing on the screen was not what was being printed out on the returns. Not a financial issue but another waste of time, and exposure to an audit, courtesy of Intuit.

With the Basic version now stripped of much of its functionality, I guess Intuit expects us to fork over twice the price for the same, poor, level of functionality that used to be in Basic.

Overpriced products that don't work correctly are not a winning combination. At some point the users will have the last laugh.

Bad deal [Posted on 2008-04-19]
I thought I could save money using this cheaper version of turbotax. I was unable to transfer information from last year's turbotax which was done online. I had to start all over, paying the online price, and returned this bit of useless programming to turbotax.

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