Posted on 22/01/2014 by admin | Comments Off on TurboTax- tax preparation software detailed
TurboTax is one of the most popular income tax preparation software packages in the US which is being developed by Michael A Chipman of Chipsoft in the 1980s. It became an Intuit product and now known as Intuit Consumer Tax Group. TurboTax for the Mac was formerly named MacinTax, and was developed by SoftView. SoftView was in turn acquired by ChipSoft.
TurboTax is offering both federal and state income tax returns. The software is developed to help users through their tax returns hierarchically. The TurboTax software delivers taxpayers extra support for their self-prepared returns by offering Audit Defence from TaxResources. There are a various versions of TurboTax including TurboTax Deluxe, TurboTax Premier, etc.
Utmost Refund Guaranteed or You’re Money Back
TurboTax Federal Free Edition customers are entitled to make a payment of $14.99 and refund of your state purchase price paid. Claims must be submitted in 60 days of your TurboTax filing date & not later than 6/15/14. This guarantee cannot be combined with the TurboTax Satisfaction Guarantee,
100% Accurate Calculations Guarantee
If you pay a penalty because of a TurboTax calculation error, than they will pay you the penalty and interest.
Smart Check Scans for Mistakes
Before you file, TurboTax completes tons of error checks on your tax return to help make sure it is correct and you escape triggering an audit.
You can use TurboTax Online without charge up to the point you either decide to print or electronically file your tax return. Printing or electronically filing your return shows your satisfaction with TurboTax Online, at which time you will be either required to pay or register for the product.
Audit Support Center
Downloadable Audit Support Center offers step-by-step regulation on everything you need to do if you are contacted by the IRS including what various types of IRS letters may mean, so you’ll know precisely where you stand and what to do next.
Live Tax Advice
Live tax advice is also available. Service, experience levels, hours of operation and availability may change and are subject to restriction without any notice. You can have a look at www.turbotax.com for complete terms and conditions.
Audit Support Guarantee
If you gets an an audit letter based on your 2013 TurboTax return and are not satisfied with TurboTax handling your situation, than they refund the applicable TurboTax federal 1040 and/or state purchase price you paid.
Quick Look at Services
- TurboTax helps you step-by-step to your maximum refund, and it’s guaranteed.
- TurboTax automatically double checks information as you go, and it calculations are 100% correct.
- TurboTax also delivers one-on-one personalised tax advice from a tax professional via phone, live chat or via E-mail.
- TurboTax prepares, print and e-file your simple return at no charge with its Federal Free Edition.
Supported Operating Systems for CD/Download Version – Windows XP, Vista , 7 , 8 , Mac OS 10X 10.4 or higher
TurboTax is so far the easiest-to-use tax preparation service we reviewed. This tax service has the best guided interview interface available. TurboTax delivers all customers free, personalised tax advice, even to those who file using its free federal filing service. TurboTax also offers help and complete guidance through the entire process and clearly explains all tax laws and concepts. It’s simple: with TurboTax, it’s easy, it’s less expensive, and they provide all the guidance you need, and your maximum tax refund is guaranteed.