| ![TurboTax Premier Federal + State 2007 [OLD VERSION]](http://ecx.images-amazon.com/images/I/41MKZIG0UdL._SL500_.jpg)
| From: Intuit
List Price: $74.95
Buy New: $10.98
You Save: $63.97 (85%)
New (15) Used (9) from $10.98
Rating:  65 reviews
Sales Rank: 436
Format: Cd-rom
Platforms: Windows Xp, Mac Os X Leopard, Mac Os X, Windows 2000, Windows Vista
Media: CD-ROM
Edition: Premier
Operating System: Mac OS X
Shipping Weight (lbs): 0.2
Dimensions (in): 7.5 x 5.3 x 1.4
MPN: 404197
UPC: 028287418912
EAN: 0028287418912
ASIN: B000W3T6NM
Release Date: November 16, 2007
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
|
| Customer Reviews:
Showing reviews 6-10 of 65
 Heads' up: are TurboTax's table's incorrect? February 10, 2008
Shopper (Nebraska)
8 out of 8 found this review helpful
I purchased TurboTax on 2/9/2008, installed it, and downloaded all the updates. I got through the program without difficulty. When finished, I glanced at the numbers, and for fun, I decided to check TurboTax's "this is your tax" against the IRS's tax tables. Big oops----the IRS tax tables say the tax on my taxable income is $706 MORE than TurboTax says it is. Yikes. That's a big error...an error the IRS would not like. I've sent email to TurboTax to inquire about this, and I discovered how to over-ride the TurboTax number and enter the correct number, if necessary.
In the meantime, I suggest that users verify that their "total tax" shown in TurboTax is accurate by checking the amount against the tax tables.
 Beware of calculation errors!!! February 15, 2008
A. Law (San Francisco Bay Area, CA, USA)
7 out of 7 found this review helpful
I have been using Turbo Tax for over 10 years now, mostly the Deluxe version. This year I'm using the Premier version because of the stock option trades.
Big mistake.
Perhaps I should have stuck with the Deluxe version.
Everything worked as expected, albeit getting slower and slower every year. When I completed all the data entries, I was somewhat shocked by the amount of California AMT I owed. "Calm down," I told myself, as I was expected to pay AMT. It is just that the amount is a lot more than I expect. "Take a deep breath..."
But the amount was so out of whack I got curious, so I began digging around. After a bit of googling, I started to suspect there's something wrong. But I never doubted TT's calculations.
Was I wrong.
I opened the California AMT form (Schedule P) in TT and noticed a suspicious line called "Adjusted gains and loss". It turned out that my stock option proceeds were double counted, once in this "Adjusted gains and loss" and another in "Taxable Income". This double counting resulted in an inflated AMT income, and eventually AMT tax I DO NOT HAVE TO PAY.
I have contacted Intuit support but so far I've only received template replies. In fact, the response is so template I wonder if they even understand the problem.
Luckily, I can still enter my stock option trades in the dumb mode (i.e. figuring out all the cost basis myself, like you have to do in the Deluxe version) and I haven't filed yet, so damage is minimal, except for the extra $20 I paid for the Premier version over the Deluxe version.
But you have to wonder if they've made any other calculation mistakes.
If I have to double check all the calculations myself, I may as well do my tax return by hand.
If you're in California and you have stock option trades, do yourself a favor and double check your numbers to see if you have the same problem. And if you haven't bought this product, either stay with the Deluxe version or get something else.
The Premier version, in the current state, is useless for filing in California if you have stock option trades.
Find something else January 28, 2008
Epicac (U.S.)
6 out of 10 found this review helpful
Please read the UPDATE following the initial review.
1/28/08: I'm using Turbo Tax "Premiere". Or rather I'm trying to use it. I figure they need to make it different year to year to justify the price, but they royally blew it this time.
Tabbing from one field to the next takes at least 30 seconds. This is even when entering an address. I even unplugged my internet connection as I thought Intuit was contacting the IRS or the CIA with every character I typed.
Trying to enter within the 30 second gap caused either the product or Vista to state that TurboTax was not responding only to wake up some time thereafter. I'm guessing it's the product.
You don't know if the product has accepted your selection. Maybe, maybe not.
I've used TT for years, gladly, but unless TurboTax (Intuit) comes out SOON with significant performance enhancements, I will not come back next year.
It is truly a painful experience.
UPDATE 1/31/08: PLEASE READ
In my previous review, I stated that the performance of TurboTax Premier 2007 left a great deal to be desired, to say the least. Since then, I have discovered that the root cause for the exceptionally poor performance was actually, once again, Microsoft. The Machine Debug Manager, or MDM service, was running and is known to cause extremely poor performance. It is some kind of debugger for Visual Studio, and runs automatically. I went into the Task Manager, stopped the service, and disabled it. Now, Turbo Tax performs as it always did. I'd give it 4 stars, not 5, I'm still using it and haven't filed yet, and it still may tank (but I doubt it now).
Bill and Vista strike again.
 Getting Worse As Time Goes By March 4, 2008
Mary (Pawtucket)
6 out of 7 found this review helpful
I've been a big fan of TurboTax, and have used the on-line version for years. I'm a CPA by trade, so I understand my taxes, but appreciate the automation that the software provides. Unfortunately, TurboTax has devolved into a model that assumes that all users are, as we say in these parts, "ascared" of their taxes. They "hide" most of the input screens and make it very difficult to get to the sections that you need. If you miss a question, which can be in an obscure place, you'll never get to the parts that you need. This year, I'm struggling with Form 5329. The Premier edition is supposed to support that form, but I can't find any place to enter the data related to my Excess Accumulation on an IRA. (I forgot to take a death distribution this year.) I've asked the on-line help, and received a non-answer answer from someone who obviously didn't understand the question. I'm trying again today. Wish me luck. There has to be a better way.
 Very easy to use February 8, 2008
Doctor.Generosity (Western MA United States)
5 out of 5 found this review helpful
I've been using TurboTax for years (on Mac) and it's VERY easy to use. Doing my taxes just takes an hour or two with no accountant or other help. After you use it a year or two, it grabs most of the data from your previous returns. Also it goes online to get data from your brokerage, your W-2. Very quick. This year I bought Premier because it was advertised as applying to stocks and so forth - but it turned out to be unnecessary. Unless you are running a lot of rental properties, the less expensive Deluxe version would have done everything I needed including stocks, home office, etc.
|
|
|
