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From:H&R Block
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![H&R Block TaxCut 2007 Home & Business + State + e-file [OLD VERSION]](http://ecx.images-amazon.com/images/I/51TgOjldb-L._SL160_.jpg)
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User Rating: Amazon Sales Rank:#1586 |
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 Okay., 2008-02-25
This product does a reasonable job. I have not tried other packages so don't know how it compares to others. It meets my somewhat limited needs.
2 of 3 customers found the following review helpful:
 Pay your CPA, 2008-02-23
Tried again to go out on my own with prepping taxes this year and once again I am paying double to get them done- I was lost in a matter of a few minutes with this software and left there scratching my head in wonder because there is no answers with this junk software- now i waited an extra four weeks(amazon took for ever to send this out) and another eighty freaking dollars so I can just go have my CPA to do my taxes in the end- Dont waste your time and money on this software.
2 of 2 customers found the following review helpful:
Good Basic Product, but you better know taxes yourself, 2008-02-19
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.
1 of 1 customers found the following review helpful:
 TaxCut...Almost Good, 2008-02-17
This is my second time I have tried to switch from TurboTax to TaxCut. TaxCut offers seemingly a lower cost to do my personal taxes. All worked pretty good until I started doing my Missouri state taxes. At issue is that the interview process has no entry point for placing money contributed to the Missouri's 529 program called Missouri MOST. TaxCut has the proper line 10 located on form Mo-A (the Missouri equivalent to Schedule A), but not in the interview. One can manually enter the contribution on the form directly, but doing so prevents one from eFiling the return to the state. I can't imagine that I am one of the few people taking advantage of the Missouri MOST deduction especially anyone with kids in college or going to be going to college. So the bottom line is that TaxCut is almost good, but not good enough. I am going to pay a little more and go back to TurboTax!
3 of 3 customers found the following review helpful:
Only if you already know what forms you need..., 2008-02-15
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. :)
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