Others say...

"TurboTax Business at a Discount"
I purchase the Turbo Tax Business (not the home and business variety) each year for coporate and small business returns. Turbo Tax sales this for $99.95 online and in various stores. I was able to pick up a new version of this at Amazon for over 25% off. I buy 4 turbo tax products each year and will look at Amazon in the future for each of them.

"Waste of Time and Money"
Do not bother with this product. Why?

1) If you don't have a fairly current version of QuickBooks, then you can't import your data into TurboTax. I'm not about to spend the crazy $$ to upgrade my QuickBooks, which works just fine for me, just so that I can import data into TurboTax.

2) Without importing, you will spend an unacceptable amount of time entering data, espeically depreciable asset information. If you understand accounting enough to manage depreciable assets and enter it into the program, then you understand it enough to fill out your tax forms (1065, 1120S, etc) by hand.

3) At the end of the day, without the ability to import, the program is just walking you through the form and asking for the information. You can download the Acrobat web fill-in forms from the IRS website and do the same thing there. The few checks that TurboTax performs aren't worth the trouble to use it. Besides, if you're using any sort of accounting software, those checks are already built in. For instance, does your balance sheet balance? If you're using accounting software, you'll already know that.

4) They want even more money to download the state version? Are you kidding me?

5) Of course, this software doesn't include personal income tax prep, so you have to pay even more for that!

My advice... buy the Home & Business version, use that to prepare W-2/1099s if you need them for your business, and use it for your personal tax return. If you are adept at accounting, and you run a small business as a partnership, LLC, or S-corp, prepare the business return by hand. If you're not comfortable doing that, then you probably should be paying someone to handle your accounting/returns. Unlike the personal versions, TurboTax Business isn't going to walk you through what you need to know at the level you need to know it.

"So why doesnt the State Return come on this one?"
First I couldnt buy the Business and Home Version because it doesnt do taxes for LLCs with multiple owners. Now this version (Business) doesnt have the state included and now I have to download for another $45.00
They get you coming and going!
What a rip off!

"Prior Depreciation calculation is wrong"
In TurboTax Business 2007, the calculation of Prior Depreciation is wrong.

In Form 1065, after importing the information from TurboTax Business 2006, the sum of Prior Depreciation + Current Depreciation calculated in TurboTax Business 2006 is different from the Prior Depreciation calculated in TurboTax Business 2007.




"too complicated"
Based on what I had to work with-- my last years fillings (done by accountant) and my QB info--I couldn't figure out how to do the 1120. Things just didn't match up. I went back to an accountant. Decided we should stick with what we know... engineering.


 

Buy Cheap Software Now!
  TurboTax Business 2007

List Price : $99.95
Our Price : from $30.00

Why I buy this one ?
- Includes everything you need to maximize your business income taxes
- Expanded interview guides you step-by-step through your return to help maximize business expenses, vehicle deductions, depreciation and more
- Creates W-2 and 1099-MISC forms for your employees and contractors
- Shows you your maximum depreciation method
- Includes over 60 categories of business deductions



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What our customer's say!

"TurboTax-Business Rocks", As a tax preparer, I often use this product to generate one of the many types of K-1 necessary for clients. It is fairly easy to use.

"WhiteMt", Turbo Tax products are very user friendly and believe accurate. Would apprecaite their including Sub-Charpter S Corp in with Home Business Software as the purpose of Sub-S are the same as LLC.

Have used Turbo Tax off and on for many years. Tried others but never the same or user friendly as Turbo Tax. Best Tax Software on the Market.

"Worked okay for a complex trust (Form 1041)", I was a little cautious about using TurboTax for what I bought it for. On their website, I looked to see what they offered for doing taxes on a trust and this is what it told me to buy. Given that all of the advertising was for small businesses, I wondered if this would really do the trick.
So far, so good. I haven't heard back from the IRS and the tax that the program calculated was consistent with what I've paid in past years. For the last three years, I've used a CPA who has charged $400-$500 to prepare the return for a trust. This year, it was me, turbotax, and about four hours on a Saturday. There were one or two places where I didn't really understand how I was supposed to account for something and I doubt that I would have been able to do this solely with the software. It was very useful to have a few years of past returns to see how/why certain things had been done in the past. If you have some familiarity with the tax law and some idea what you're doing, I would strongly recommend the product (I plan on doing the same thing next year). However, if you're not terribly comfortable with taxes and have a trust with anything more than the basics, the user-friendliness of this product isn't quite up to the level as some of Turbotax's offerings for personal returns.

"Rip-Off", I wish I had paid more attention to the guy who said that the sofware would not import. I struggled hours trying to import. The software seemed to indicate I could import, like TurboTax Delux. The software sent me in circles, sending me back to the same pages for answers. The Customer Support took three days, so I had to file an extension to IRS.

Even if I could have imported, the software is not very user friendly. I will attempt to get a refund, but it is hard to contact them on that issue -- easy to order software (I ordered it online, to save time), easy to send e-mails to ask a question, easy to order help at $39 a call, not easy to get refunds.

Again, don't bother with this software. But I don't know an alternative other than an accountant. Maybe some day they will improve the software.

"Cheaper than a CPA", Last year, I paid a CPA almost $400.00 to do my small business taxes for an LLC. Everyone told me that was a "good price." It was the first year with the business and I figured I couldn't do the taxes on my own. This year, after reading some reviews by other consumers, I decided to go with TurboTax for the business. I had used it in the past for my personal taxes with great success. I found a few glitches, but for less than $100.00, my taxes are already done and in the mail. Hopefully, I won't be audited...but so far so good. Even if you can't understand the government's instructions, you are likely to easily understand Turbotax's instructions and THEY DO THE MATH. I highly recommend Turbotax.



 
You might need this...

TurboTax Deluxe Federal + State 2007
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TurboTax Home & Business Federal + State 2007
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TurboTax Premier Federal + State 2007
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TurboTax Business 2006 Corporations and Partnerships [OLDER VERSION]
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QuickBooks Pro 2008
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Read this reviews before You buy...

"This is free online", I don't understand why Amazon is selling this when it is free online from Intuit.

"turbotax business wroks great", what can i say, the product works as it should, cant get by without it.

"VERY PLEASED", I used this last year and am in the process of doing a return this year. While this is the only corporate tax software that I've used, I was happy with it last year and it looks to be as good and easy this year.

"Don't waste tax dollars year after year on this", If you purchase any TurboTax product, you can't use it again next year. The $$ they ask for only covers the year of the purchase. They definitely don't advertise this fact- so be warned- if you can help yourself, don't waste your tax dollars on TurboTax. You can sign up for "automatic renewal", but you don't get a discount for being a repeat customer. They're exploiting laziness and ignorance about tax procedures.

"No Foundations Please!", I bought TurboTax Business to do a return for my personal foundation and then discovered that it will not handle foundation returns. I have used TurboTax for years for my personal returns and find it very good and improving.

 
 
 

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