| | |  | Business Keyboards & Mice | Home » » » » » H&R Block TaxCut 2007 Home & Business + State + e-file [OLD VERSION] | | | | | | | Description: | | TaxCut Home + Business + State + e-File 2007 | | | Features: | |
• Includes everything you need to complete and e-file your personal and business federal and state taxes
• Everything from TaxCut Premium + State + E-file plus Complete Business Coverage, Business Tax Planner, Business Depreciation Assistance, 1099-MISC/W-2 Preparation, and K-1 Preparation
• Step-by-step interview guides you through a customized process
• Includes advice on how to find every deduction you deserve and get the maximum refund
• Includes advanced tools for investors and business owners
| | | Product Details: | | | Package Length:
| 7.4 inches | | Package Width:
| 5.3 inches | | Package Height:
| 1.6 inches | | Package Weight:
| 0.2 pounds | | Average Customer Rating:
|  based on 22 reviews |
| | | System Requirements: | | | Platform:
| Windows Vista / Windows 2000 / Windows XP | | Media:
| CD-ROM | | Item Quantity:
| 1 |
| | | | Customer Reviews: | |
Average Customer Review:
 ( 22 customer reviews )
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Most Helpful Customer Reviews
16 of 16 found the following review helpful:
 Good For Normal TaxesJan 12, 2008
By H. A. Johnson
"The Tax Guru"
Very good product for the "normal" tax payer. Schedule C info is very good but some of the intricacies of LLC and S-Corp fillings are a bit harder to understand and the questions are not as clear as they should be.
Bottom line, if you own a home and you have mortgage and/or a sole propitiership, this is top notch 5 stars. If you recently formed an LLC and are looking towards this product I would strongly recommend you speak to a tax professional ( A CPA not one of the chain stores) instead.
6 of 6 found the following review helpful:
 Tax Cut vs. Turbo TaxFeb 11, 2008
By Proud Dad
I bought Tax Cut Home and Business because it had the proper forms for my LLC, unlike Turbo Tax. Plus, the cost was much cheaper than Turbo Tax. However, what they don't tell you is that as often as not, when looking for information, it will direct the user to the government instructions on how to fill out the answer to their questions. Plus, when doing a search, it does not search on key words, only on forms. I did an error check, and it had two of the same errors (on two K-1 forms for two different members of the LLC) and it allowed me to change the value on both as it directed me to, but it did not recognize one of the changes, even though it was the same form for two different people. Lastly, it doesn't automatically import data from the forms you fill out on the business software to your personal return. Unless I'm mistaken, you need to print it out, then manually put the values in the right places. This software is not dumbed down like Turbo Tax - if you know your way around IRS tax forms for business, this software is for you. But then, if you know your way around the IRS forms, you don't need the software.
Right now, I'm thinking about going back to Turbo Tax next year.
3 of 3 found the following review helpful:
 Avoid the frustrationMar 28, 2008
By Frustrated in STL
This review is in reference to the 1041 and related forms. Instead of buying this program just use the forms on the IRS website, because Taxcut's help menu will send you there anyway. The "walk through interview" is a joke. Navigating thru the forms is very cumbersome and heaven forbid if you incorrectly enter anything and try to correct it. I talked to someone at H&R Select and they informed me that the program assumes you have a certain level of knowledge to use the program (like your Masters in accounting?). They also informed me they do not use the program. So I thought I would be generous and give it a one star rating.
3 of 3 found the following review helpful:
Only if you already know what forms you need...Feb 15, 2008
By lp
I bought this because I needed help filing my first year of an S-Corp business; however, when I got to the State return, I had to select which forms applied to me. That is something I wasn't prepared for, as I thought that's why I had bought the program. Others may already be clear on this, but for anyone who is hoping this is the do-it-all program, not so much luck. :)
2 of 2 found the following review helpful:
Good Basic Product, but you better know taxes yourselfFeb 19, 2008
By K. Brake
I've used H&R Block's TaxCut for a number of years, since TurboTax began installing spyware in its software, and I have found the product consistently easy to use and basically worthwhile with a couple of exceptions.
The program generally works well on material that it covers with some exceptions. However, as other reviewers have stated, if you have any type of special circumstances to your return, especially in the state returns, then you better know how to prepare the return data yourself, because TaxCut will not do it for you. The biggest areas of shortfall are in state return preparation where TaxCut simply has you fill out the forms with little or no guidance.
This year I found myself in an unusual situation, I bought a car, a Prius, so I have state and federal tax credits available to me. TaxCut handled the federal credit fairly well. the exception being that after having asked me the date I purchased the car (rather placed it in service) it then defaulted to the wrong period in a later screen related to the time frame in which I purchased the car, which had I not correct TaxCut's default selection, I would have lost half of my Federal Tax Credit. I don't know how the state calculation faired, since at the date of review, TaxCut has still not published the Colorado State Tax program.
Also, because of the purchase of the car, I opted to deduct the sales tax I paid rather than state income taxes as part of my federal return. Tax Cut asked for and properly identified the amount of my state sales taxes, then asked for my county, which was available in my case, but was not in many others, and then asked me to fill in my locality (city) tax rate. The implication being that TaxCut had dealt with the other sales taxes, i.e. county, and in our case RDT regional taxes. I filled in our city tax rate and moved on. TaxCut then warned me that the amount of my city tax rate was likely wrong, because it was higher than my state sales rate. Not only was the rate not wrong, and TaxCut would have known that had they simply inserted a test that compared my rate to a range of actual rates within my county rather than the simple test to compare it to the state tax rate. But it also computed my estimated sales tax deduction incorrectly. This is because it failed to include my county tax rate, which it specifically asked for, and the regional RTD tax, which is applied to counties in the area, including mine.
The Bottom line is that while the basics are there for your tax preparation; don't count on TaxCut to properly handle any special circumstances correctly. Research the information yourself or go to a tax preparer. By the way, I am a CPA, but DO NOT do tax return work, nor am I affiliated with a firm that does, so this recommendation is not based on me trying to get work for my firm.
See all 22 customer reviews on Amazon.com
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