Product Description

With TaxCut 2007 Premium Federal + State, you've got the tools you need to breeze through both your federal and your state taxes, as well as the DeductionPro program. The simple interview quickly walks you through the return process to automate your return.and you can quickly and easily import last year's tax and financial data from TaxCut, Turbo Tax, Quicken, Microsoft Money, and H&R Block DeductionPro, as applicable. This program automatically double-checks your return for errors. helps you maximize your deductions and offers multimedia video advice from seasoned H&R tax professionals. Maximize Itemized Deductions Schedule C Support - Extra deduction help for the self-employed Business Expense Assistant helps you make sure you're claiming all deductible business expenses Investor Guidance Quick access to IRS Publications for further explanation of specific tax situations Multimedia Video Advice - Our tax professionals explain how changing tax laws affect you

Product Details

• Amazon Sales Rank: #1801 in Software
• Brand: H&R Block
• Model: 1036600-07
• Released on: 2007-11-23
• Platforms: Windows Vista, Windows 2000, Windows XP, Mac OS X
• Format: CD-ROM

Features

• Includes everything you need to complete your federal and state taxes
• Guidance for every personal tax situation from 1040EZ to Schedule C
• 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

Amazon.com
TaxCut Premium Federal+State includes everything your customers need to complete their federal and state taxes, plus guidance for every personal tax situation from 1040EZ to Schedule C. A step-by-step interview guides users through a customized process, and includes advice on how to find every deduction your customers deserve and get the maximum refund—guaranteed, as well as H&R Block DeductionPro to maximize tax savings from donations. TaxCut Premium Federal+State also includes advanced tools for investors and business owners such as guidance for rental property and expenses, assistance on investment income and stock options, and how to maximize business deductions for sole proprietorships.

Includes everything you need to complete your federal and state taxes. View TaxCut Demo (all versions)

Guidance for every personal tax situation from 1040EZ to Schedule C.

E-file your return, and get your refund in as little to 8-15 days.

The Basics:

Step-by-Step Interview
Our simple interview quickly walks you through the return process to automate your return.

Seamless Imports
Quickly and easily import last year's tax and financial data from TaxCut, Turbo Tax, Quicken, Microsoft Money, and H&R Block DeductionPro, as applicable.

Error Check
Our program automatically double-checks your return for errors.

Get Your Refund Fast
E-file your return, and get your refund in as little to 8-15 days.(additional fees apply)

Extra Help to Maximize Deductions:

Customized Tax Advice
Receive tax guidance on changing tax situations, like getting married, having a baby, buying a home and more.

Charitable Donation Help
H&R Block DeductionPro is included for FREE to help you get the most out of your charitable donations.

Maximize Itemized Deductions
Get the tax savings you're entitled to, including deductions related to home ownership, education and more.

Schedule C Support
Extra deduction help for the self-employed, including home office, rental property and depreciation assistance.

Business Expense Assistant
The program provides extra guidance to make sure you're claiming all deductible business expense, including advertising costs, meals and travel expenses, and office supplies.

Investor Guidance
Additional help figuring cost basis for investment income.

IRS Publications
Quick access to IRS Publications for further explanation of specific tax situations.

Multimedia Video Advice
Our tax professionals explain how changing tax laws affect you.

Guarantees:

Worry-free Audit Support
You can rest easy knowing H&R Block is there to help in the rare event of an audit. Included when you e-file your federal return with us.

Accurate Calculations Guaranteed
If TaxCut makes a calculation mistake, we'll pay resulting IRS penalties plus interest. See the license agreement for details.

100% Satisfaction Money-Back Guarantee.
If you are dissatisfied with the software for any reason, H&R Block will refund the full license fee you paid H&R Block or its authorized reseller for the software, exclusive of shipping and handling charges, taxes, and less any rebate you receive on the software.

Customer Reviews

Most helpful customer reviews

29 of 29 people found the following review helpful.
Well worth the price if you don't have a "simple" return.
By a guy
TaxCut is well worth the price if you don't have a "simple return" (i.e. just income from one job, maybe a couple of bank accounts, no stock trading, capital gains, etc.) If you have a simple return, just download the fill-in PDF forms from the IRS and get after it. But if you have itemizing, income from more than just employment and a bank account or two, then this is worth the time you'll save. You can find everything you need to know in the IRS instructions and forms, but the $30-$40 will save you hours of time in looking it up, thru TaxCut's interview process.

A couple of notes, however:

a) I think that the state tax forms sort of stink -at least for Louisiana. Instead of outputting the same form that you get from the state (as TaxCut does for the Fed form), it prints out a summarized one, with all the data in one big block, no x-refs, etc. So you find manually checking it almost impossible.

b) The web-based tools that supposedly are one of the features of TaxCut have never worked for me when I needed them. Maybe if you wait until March or April to use them, but for those of us that file early, the stuff just hasn't worked. I rate the web-based and planning tools at a near zero

c) e-mail support hasn't impressed me. But then, for the filing of your taxes, you really shouldn't need it. The interview process and built-in help files are generally sufficient. Still, when I tried to use the web-based features, and they failed to work, I got some "canned" responses from the support group that obviously indicated that they 1- did not know what I was talking about, 2-they were using a standard set of FAQs that really didn't answer my questions/concerns, and 3-they really didn't care. However, as noted, if it works to start with, that's better than problems requiring support, regardless of how good/bad the support is.

d) MOST IMPORTANT- You MUST keep your software from year to year. DON'T discard the CD or dnload prior to 5 yr after filing. Reason- except for transferring your personal data as a prelude to entering current year data, you cannot open past year TaxCut tax return files (or at least thru 2006 tax yr) with the current software. So if you need to make an amended return, or if you're audited for say, a 3 yr old return, you'd better have a printed or PDF copy if you don't still have the sftware. I think that's pretty poor (not being able to open previous yr's tax return files), but maybe if enough of us complain, a change will occur. You can, however, output to a PDF and save that file for future ref. (You won't be able to amend with the PDF however.)

But, for under $40, the time saved for anything but a simple return, it's well worth it. (not to mention the saved time in doing "what-ifs" for various filing options.)

48 of 52 people found the following review helpful.
Cost versus Ease of Use.
By JD-UT
If you earn LESS than $54000 then I suggest you look into filing using Freefile, the link can be found on www.irs.gov I have not tried the service so I can't rate its ease of use but the software is free and you can e-file for free as well.

If you earn MORE than $54000 then I suggest using Taxcut over Turbotax. I have used both products and find that both are easy to use, but since Taxcut is much cheaper it's the better buy imo.

How much does e-file cost using the different products. I believe both Taxcut and Turbotax charge around $16-17 per e-file. Federal e-file is unique from state, so you will be paying around $35 if you choose to e-file for both.

I give Taxcut 5 stars for ease of use, but 1 star for charging us to e-file, averages out at 3 stars.

22 of 22 people found the following review helpful.
Program works. But program Support is questionable.
By R. Fritz
I like the program. But I got an install error this year under Vista:
Error: Vista Installation Error: Error 1320 'The specified path is too long. C:\Users\USERNAME\My Documents\TaxCut.'
This was because I had changed the default "My Documents" location and therefore the directory the TaxCut Install program was using didn't exist. Searching the TaxCut Support site, their recommended solution was to create a new USERNAME and install and run the program from there. The real solution was to temporarily change the "My Documents" location back to the default, install the program, and then put it back. This worked for me. I'd have posted this message at a TaxCut Vista Support forum, but there isn't one. And the offshore support agent I did an online Chat with didn't give me confidence that my information was going to go anywhere useful. I hope this helps someone.