TurboTax Home & Business Federal + E-file + State 2011 Review

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TurboTax Home & Business Federal + E-file + State 2011 ReviewI have been using Turbo Tax for about 10 years. In general it is an easy to use program and I have never been audited. I only enter legitimate data that I have a receipt for. If I was to be audited it wouldn't be a big deal.
6 years ago I had gone through the process of filling out all my forms but neglected to save the data prior to entering the E file area of the program. When I saw the state fee for E file, I tried to back out of the E file program section. All of my data prior to my last save was lost. This was about 6 hours of work. I know it was my fault for not saving my data, but I thought that the E file was included in the price of the program. I felt the program should require you to save the data prior to entering a section where the data would be lost if you backed out of the E file section. I called Intuit to let them know what happened and found the response to my issue underwhelming.
The Federal E file is free but the states may charge additional fee of about $20 to E file.
The next year I used an accountant which turned out to be a big mistake. It cost several times the price of the software package and all of my carryover deductions needed to be manually entered. I spent more time putting my information together for the accountant than I had spent in previous years doing the return myself. The accountant just made the deadline and repeatedly called asking for clarifications on deductions.
I learned my lesson from that experience. Now I always use Turbo Tax Home and Business but make sure I save my data throughout the entry process.
I'd give the product 4.5 stars if I could. I find the statement of E file to be slightly deceptive. The state filing is not included in the price the program. Intuit is much clearer about this now than they use to be. You just need to be aware of this and include that cost in your purchase decision. I print and file my state return to avoid the fee. There are also areas of the business deductions that require research from the IRS's website which can be tedious.
The program allows business deductions carry over to future years which save a lot of time and helps maintain accuracy. If you are going to use this program it pays to be a repeat user.
TurboTax Home & Business Federal + E-file + State 2011 Overview
Everything you need to easily do your personal and business taxes.
Guides you Step by Step through Self-Employment Income, Deductions, and Credits for your Biggest Tax Refund Customizes questions based on your business profile (sole-proprietor, consultant, 1099 contractor, and single-owner LLC) and gives you step-by-step guidance for entering income and expenses.Helps Find Small-Business Tax Deductions Shows you which expenses you can deduct for your vehicle, supplies, utilities, home office expenses, and more, so you get every business deduction you deserve.Identifies Industry-Specific Deductions Walks you through tax write-offs by industry to help you spot commonly overlooked deductions.Gets You the Biggest Vehicle DeductionShows you whether you'll get a bigger deduction using actual expenses or the standard mileage rate. Provides extra help for splitting vehicle expenses between business and personal use.
Feel Confident Your Taxes Are Done Right Now Free! Only TurboTax software offers one-on-one expert tax advice free for everyone, live by phone and chat.

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