I was asked if I had taxes on Turbo Tax from last year, things about our lives in 2007, registration, etc.
I took all of our numbers, of hired help, machinery repair, electricity, heating, animals, etc., and entered them in the forms that were offered. Turbo Tax gives you a list of areas to use such as: send feedback, live tax advice, turbo tax support, community, find tax help. These areas came in handy when I had a question about where to enter certain things for the farm.
They have a list of new IRS publications that you can look through to help you with different areas of your taxes example: Medical and dental, misc. deductions, business expenses, travel, entertainment, gift, and car expenses,
investment income, retirement (IRA), How to depreciate property (this one really came in handy, the tax preparer always did the depreciation, this took me step by step through the process. There are also many other publications. These areas really help with looking up information you need for filling in the forms, and it is all their at your finger tips.
There are videos that were handy. Examples: depreciable assets, Inventory Write-Off, Self employment, health Insurance, child care expenses, Tax credits for Education, electronic filing, owning a home, selling your home, reporting rental income
It was always more difficult to look up these items to prepare for our Tax preparer. I was able just to play the videos and get the information such as the depreciable assets(with the farm and all of the inventory and machinery as well as buildings this really came in handy and was easy to follow, you don't need a degree to use Turbo Tax)
The Turbo tax tips were a huge help and easy to follow. They also have a live community where you can go on line and ask questions. If the answer is not there at your finger tips you can check out the community and see what is being discussed, or enter your own questions. This was extremely helpful.
My major complaint is that I had to download Turbo Tax 2007 to my computer. I would have preferred that it not use space up on my computer(when I was done with it I deleted it from my computer and stored it for next year, they have my email and home address and will send me a free CD update for 2008. If you are on dial-up (like we are) or they will send you an update for next year via email. Which will keep me up-to-date with Turbo Tax.
Turbo Tax was easy to use, it walked me through everything step by step. I was done with my taxes in just an about 3 hours.
I would highly recommend Turbo Tax 2007 CD, it is very efficient, and easy to follow. A lot easier and definitely cheaper than paying $350 to have a preparer do them My results from our tax preparer and Turbo Tax 2007 were very similar. We will be definitely be using Turbo tax again next year.
I received Turbo Tax 2007 CD free from Hass MS&L for my honest opinion and review.
Published by Mary Wensing Dvorachek
I'm glad to be back sharing recipes and articles. View profile
- The Death of the CD is No More: a How-to Guide to Bringing Your CD Back to Life
- Important Personal Tax Law Changes for Your 2007 Tax Return
- Turbo Tax Deluxe Edition Tax Preparation Software
- 2007 US Tax Changes: Earned Income Benefits Increase
- Turbo Tax: Great Software for Tax Season
- Turbo Tax Online - a Fast and Easy Tax Solution
- 5 Times You Should Call in a Tax Expert




8 Comments
Post a CommentThank you all for your comments. It will definitely come in Handy next year. Plus they contact you by email and either send you a file for update to 2008, or send you a CD if you have dial up. Have a great weekend. Hugs Mary
Excellent review!
I've heard this is good SW, thanks for the great review!
Fantastic review saves money too!!!!!!!!!!
A fantastic review Mary!
Thanks for your review!
Yes, it was really easy to use. All the information you need at your finger tips. Hugs Mary
Great review - thanks! Too bad you got it after your taxes were done, but it sounds like you cut down some on the learning curve by being able to compare both tax prep processes. We'll look into this next year too.