TurboTax Business 2006 Corporations and Partnerships [OLDER VERSION]

List Price: $99.95 Discount Price: $99.98

Features:

• Tax preparation software guides you through your return step-by-step for a fast and accurate refund
• Ideal for preparing and filing business income taxes; designed for corporations or partnership/LLCs, earning up to 250,000 dollars a year
• Prepares Forms 1120S ("S" corporations), 1065 (partnerships/LLCs) and 1120 ("C" corporations) while also working for estates and trusts
• Asks easy-to-understand questions in plain English and then puts your answers onto IRS-approved forms; double-checks your return for errors and even flags potential audit risks
• Gives you access to more detailed income and expense categories, including custom-tailored categories for industries like service businesses or real estate rentals

Accessories:

DeLorme Earthmate BT-20 with Street Atlas USA Plus

Customer Reviews:

Typical Turbo Tax [Posted on 2007-04-04]
Aside from the typical minor quarks, this is overall a good product. I've been using Turbo Tax for many years and it seems to work for me.

Much Improved [Posted on 2007-04-11]
The 2006 version is much improved over earlier versions. It took me only an average of 2 hours each to do two trust returns.

not as easy as expected for a first time user [Posted on 2007-04-18]
I previsouly used an accountant for my S-corp (federal, state and NYC) returns as well as (federal and state) personal returns. That can easily come to $1000. With turbotax you save a bunch around $750. The business product DOES NOT INCLUDE STATE RETURN which is another $50, and the NYC return is an additional $50 (available from inside the program).

I used it the first time this year, I am pretty good with numbers, accounting and excel. It tool me well over 10 hours to enter the business returns after having all my numbers estimated in excel.

The customer support by email was helpful as was the community forum, but responses are not always quick. and it is a time consuming process to research questions. The is VERY LITTLE GUIDANCE in filling out the state and NYC return. TT basically gives you the form and let you fill in the areas not generated by numbers on the federal return. TT reviews those returns for errors which certainly adds some value (relative to pencil and paper). It was too difficult for me to fill in state and NYC myself off the fed business return without any software, so I don't see that as an option (to save $100) despite the limited additional information needed.

BOTTOM LINE - The first year using it will probably cause some of your hair to turn grey, subsequent years should be much easier. The navigation and interface is not intuitive enough for to make the first year smoot but over the years you can save a substancially in preparing you own taxes.

One strategy might be to try it one year and run it by a tax accountant (as training wheels) and then in subsequent years do it on your own. (of course year one would be time consuming and expensive but that probably makes sense in the long run.)

POOR CUSTOMER SERVICE [Posted on 2007-06-04]
THIS ITEM WAS RECEIVED TWO WEEKS LATER THAN AMAZON PROMISED. THEY SAID IT WAS IN STOCK AND WE GOT THE EXPRESS SHIPPING?? WHEN WE CALLED TO FIND OUT WHY, THEY SAID IT WAS A PROCESSING ERROR AND WE NEVER RECEIVED CREDIT!!! AMAZON DIDN'T STAND BEHIND THEIR WORD. FRUSTRATED.....AND TIME WASTED!!! BUY IT AT WALMART LIKE I WILL FROM NOW ON!

Sorry I Purchased This [Posted on 2007-06-06]
This program worked pretty well, but I am sorry I purchased it. I'm a senior citizen in Medford, Oregon and could have had my tax done for free. I didn't save any money by using this program. I just wasted money by buying it.
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Also, I had to waste a lot of time downloading updates. And there was a problem with the fact that I sold my old car and purchased another car for a higher price. Was I supposed to get a deduction for that? I'm old. I wished for a human being.

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