TurboTax Business Federal + E-file 2011 Review

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TurboTax Business Federal + E-file 2011 ReviewI have been using TurboTax for Business for many years for my company's annual tax returns. Each year brings a new adventure with usually small glitches here and there that I'm able to work around. This year, however, the defects are more serious and are more difficult to work around. This wouldn't be such a problem except that although Intuit provides plenty of discussion groups and support for completing the forms, it doesn't make it easy to report program errors.
I have experienced 2 program errors so far with TurboTax for Business 2011. The first is the installation program immediately crashes every time I initiate installation on my main computer, which is running MS Windows XP SP3. I have made sure the computer has no viruses and is up-to-date with all patches. Fortunately, it doesn't crash on a notebook computer that I have and so I'm using that to work on the taxes. I can see on their website that Intuit knows about this defect.
The second is there are areas where the program runs very slowly. For example, when entering a new asset, it takes minutes to go from one screen to the next. I enter the name of the new asset and the date it was put into service, click on the Continue button, go off and do something else for 5 to 10 minutes while the program displays a calculating message, come back, enter the next bit of information, click on the Continue button, go off and do something else for 5 to 10 minutes again while the program displays a calculating message, and so on until I finally return to the list of assets screen. At this rate, it's going to take hours to enter the new assets my company has.
I recommend that if you don't have a lot of history with TurboTax for Business, look for a software package that is better supported. I understand that defects happen and am happy to work around them. However, Intuit seems to have insulated itself from its customers to the point where we cannot let them know about these sorts of issues, which makes it a lot less likely they will be fixed.TurboTax Business Federal + E-file 2011 Overview
It's easier than ever to do your own business taxes.
Knows Your Business and Does the Hard Work for You
With TurboTax Business, you don't need to know a thing about business taxes. Its customized interview tailors itself to your type of business (corporation, partnership, or multi-member LLC) and provides extra guidance to simplify tax preparation and help you maximize tax savings. Just answer simple questions and let TurboTax do the rest.
Easier Than EverSaves time and gives you a head start by transferring last year's data and showing a year-over-year comparison for your business.*New* Creates K-1 Forms ElectronicallyNow you can distribute K-1s electronically in PDF format and save a trip to the post office.Imports Your DataSkip the data entry and rely on an accurate import of Profit & Loss statements from QuickBooks.1 If your chart of accounts is not tax-ready,2 TurboTax automatically imports your QuickBooks income and expense accounts and classifies them in the appropriate tax categories that you can edit.
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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