Expert Review
Intuit TurboTax Home & Business Federal + State 2007

Enlarge Image




Stores Selling: 1
$63.00 - $63.00


Expert Rating:  3  (what's this?)

Expert Review

Intuit TurboTax Home & Business Federal + State 2007

Date Published: 2/25/08

TurboTax Home & Business 2007 is designed for taxpayers who are sole proprietors, consultants, contractors or single-owner LLCs. This essentially includes most non-incorporated small business owners who file business and personal taxes together.

The tabbed interface groups similar information, so you can quickly jump back and forth between sections as needed. In addition to providing easy access to each section, the tabs also represent the suggested order of completion.

The now-standard interview approach gathers information and helps you complete your tax return, and includes all necessary forms and schedules. You can also go directly to any of the forms or schedules and manually enter or edit information.

The Maximize Business Deductions feature will help you decide which approach is better: claiming depreciation over time or all at once. It will also show you what similar businesses typically write off as business expenses. If you own rental property, TurboTax will walk you through the process of reporting rental-related depreciation and expenses.

TurboTax Home & Business 2007 offers a number of attractive features for its target market, but it has a few issues, mainly related to cost and Intuit's ever-present desire to sell related services. Unlike many programs -- and online versions of TurboTax -- that include at least one e-file, you'll have to pay an additional $17.95 for up to five federal e-filings, and another $17.95 for up to three state e-filings. Additionally, during the course of the business portion of the interview, TurboTax noticed that our filer names and business name were different and offered to file a DBA (Doing Business As) form for our company. Intuit's suggested price for this service was $233; we can file the form ourselves for about $75.

TurboTax Home & Business 2007 is versatile and easy to navigate with many helpful tools, but Intuit's main innovation this year seems to be finding more ways to make money through add-on services.


Pros: User interface is streamlined and easy to use
Cons: E-filing is a significant added cost, too much built-in selling of services



Expert Rating Scale

 
   Value
   Is it appropriately priced?
   Performance
   How well does it work?
   Ease of Use
   How easy is it to operate?
   Features
   What's included?
   Overall
   What does Consumer Guide® think?




Compare prices on Intuit TurboTax Home & Business Federal + State 2007 for PC, Mac (28287419124)
Compare Prices
Store Name Price Buy It






  Looking for More?


Explanations

Expert Reviews
H&R Block TaxCut Premium-State -E-file
2nd Story Software TaxACT Ultimate Bundle 2007
Intuit TurboTax Deluxe Federal + State 2007
Intuit TurboTax Deluxe Online
H&R Block TaxCut 2007 Premium Federal + State + e-File

Prices
Rtl ID VAULT SAFEGUARDS YOUR ONLINE FINANCES AGAINST IDENTITY THEFT
Corporate Finance (with Thomson ONE - Business School Edition) Corp
Infinity Softworks powerOne Finance for Handheld v5 for Pocket PC,
Wiley Collateralized Debt Obligations and Structured Finance : Dev
Mcgraw-Hill Finance and Accounting for Nonfinancial Managers (00713



Price Range


Brand


Compatible Operating System


Software Type


Platform




Narrow Your Search


Price Range
Below $20 (27)
$20 - $50 (31)
$50 - $100 (33)
$100 - $390 (32)
Above $390 (33)

Brand
Intuit (46)
Wasp (9)
Microsoft (32)
Infinity Softworks (4)
Wiley (3)

Compatible Operating System
Microsoft Windows Vista (11)
Microsoft Windows NT 4 (1)
Apple MacOS 7 (3)
Apple MacOS X 10 (3)
Apple MacOS 8 (1)

Software Type
Commercial Finance (40)
Accounting (17)
Contact Management (6)
Finance / Tax (4)
Time Management (3)

Platform
PC (125)
Mac (11)
Pocket PC (3)
Palm OS (4)

Back to Personal Shopper






Magic Debugger

release: 8.4.3-qa1
content_id: 266759
type: review
category: l4-cp-tax-software

brws title: Intuit TurboTax Home & Business Federal + State 2007 Review: Powered by ConsumerGuide and HowStuffWorks

meta d: Intuit's TurboTax Home & Business 2007 makes it easy to prepare tax returns, but e-filing will cost you extra. Check out the full review from Consumer Guide.

url: http://shopproducts.howstuffworks.com/Mcgraw-Hill-Finance-and-Accounting-for-Nonfinancial-Managers-0071364331/SF-1/PID-58253921