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- Guides you step-by-step through investments and rental property income
- Assists with stocks, bonds, mutual funds and employee stock plans
- Gives you tax-saving advice for 401Ks and IRAs
- Provides extra guidance for rental property income, expenses and refinancing
- Includes a download of one TurboTax State product – a $34.95 value
Product Description
TurboTax Federal + State Premier 2007 is great for maximizing deductions, investments and rental property. It guides you step-by-step and checks for errors asking you question in plain English then puts your answers on IRS- and state-approved forms, double checks your return for errors, and then alerts you to audit risks to help you reduce your chance of an audit. Also includes everything in TurboTax Deluxe.Amazon.com
TurboTax Premier Federal + State 20… More >>
TurboTax Premier Federal + State 2007
November 15, 2009 at 3:14 pm
If ths following is your idea of good product support, then by all means, purchase Turbo Tax. While using the software, I had no idea that this limitation to Turbo Tax existed. As for me, my next purchase will be Tax Cut.
The only provision for claiming excess railroad retirement tax on Form 1040 is for tier 1 withholding. The excess can be derived from a combination of railroad employers or in connection with a railroad and non-railroad employer. The program does properly record the excess of the tier 1 tax on line 67 Form 1040 as a credit against income taxes. It does nothing with the tier 2 excess tax. This must claimed separately, as you noted in your email, on form 843 which is not supported by the Turbo Tax software.
The software’s help does contain information regarding tier 1 and 2 railroad retirement withholding. The help clearly indicates that only tier 1 may be claimed as a credit against current year income taxes. It goes on to state, “You cannot claim a refund for excess tier 2 RRTA tax on Form 1040. Instead use Form 843.”
Rating: 1 / 5
November 15, 2009 at 3:20 pm
SO FAR THE PROGRAM IS WORKING OUT FINE AS IT HAS IN THE PAST.
WILL CONTNUE TO USE TURBOTAX IN THE FUTURE.
Rating: 5 / 5
November 15, 2009 at 6:00 pm
I’ve used TurboTax for several years now and find it fairly easy to use. I chose Premier this year due to a lot of stock option and investment activity, and have not been disappointed.
Rating: 5 / 5
November 15, 2009 at 8:55 pm
Unless you have high speed internet and are NOT going through a restricted firewall (Like most work offices have) don’t bother to try to down load ANY software using Amazons Download Manager. I have dial up at home and was able to get the down load started but after three attemps each taking 5-7 hours I would get error messages and would have to start agian. I tried downloading at work but could not get the download to start. I tried an internet cafe (at the suggestion of Amazons’ tech support) and again could not get the download to start. I called tech support three separate times and they blamed the problems on the firewall securites and could not give me any suggestions on how to get around them each and every time. So, I will never buy software of ANY kind via Amazon as long as they have their Software Download Manager to deal with.
Rating: 1 / 5
November 15, 2009 at 11:39 pm
If your taxes are very simple, this might work. However, if you have anything out of the ordinary, just forget it, Premiere doesn’t handle it either. I know where most of these things go but had to figure out how to trick turbotax into putting things in the right place. I haven’t used it but may try Orange Door next time. Cheaper and it couldn’t be any worse. TurboTax can’t even figure out the “effective tax rate” on the summary page. Oh, and don’t bother with feedback or asking for help.
Rating: 1 / 5