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What’s the Best Tax Prep Software?

Written by Nickel - 78 Comments

With tax season just around the corner, I thought I’d go ahead and open a thread on the best tax prep software. As I’ve noted in the past, we’ve always used TurboTax, which is produced by Intuit. Turbo Tax is not, however, the only kid on the block. Moreover, they’ve recently been the subject of a good bit of internet controversy…

For those that aren’t aware, TurboTax changed their base price from $44.95 to $59.95 and they also instituted a $9.95 fee for each additional return that you prepare with it. On the brighter side, they decided to throw in one free e-filing this year, which helps to offset the price increase a bit. Nonetheless, citizens of the internet revolted and trashed their rating on Amazon. The end result was hundreds of 1-star ratings. Intuit finally relented and dropped the $9.95 fee for each additional return.

The best tax prep software

That brings us to the subject of the current post… There are three major players when it comes to tax prep software:

While all three offer both free (for simple returns) and paid versions, there are also a number of lesser known free options (again, for very simple returns) available through the IRS’ free file program.

Which tax prep software do you like best?

Assuming that you use tax prep software, what’s your favorite, and why? If you don’t use tax prep software, how do you prepare your taxes? By hand? Or do you enlist professional help?

Oh, and while we’re on the subject of financial software, Quicken fans should be sure to check out the Quicken 2009 discounts that I wrote about previously.

Published on December 18th, 2008
Modified on March 31st, 2010 - 78 Comments
Filed under: Taxes

About the author: is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

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78 Responses to “What’s the Best Tax Prep Software?”

Pages: [1] 2 » Show All

  1. 1
    Dan Says:

    I have used TurboTax online for the last couple years. Its great because the website remembers all your information from last year and there is free e-file. I would recommend TurboTax online.

    Whatever you do, don’t pay full price for the software. There are discounts through a number of referrals and sources; personally I received a significant discount through USAA.

  2. 2
    Eric J. Nisall Says:

    Being an accountant, I’ve always taken issue with such products for their lack of advising ability. I do believe that they can be helpful for those who have simple returns such as a W-2 or two, some interest and dividends, but nothing much more complicated. Products such as these are only after-the-fact utilities, which is to say that they only help with the preparation of taxes. They cannot help you to tax plan before the end of the year, nor can they provide you with tips or insight for making tax-conscious decisions during the year in order to get into a better tax position.

    That being said, I use another of Intuit’s products, ProSeries to prepare my clients’ tax returns as well as my own.

  3. 3
    Roz Says:

    I’ve been using TaxACT for the last couple of years and really like it. They have a totally free option and then their paid options are much cheaper than TurboTax or H&R Block. I definitely think they are the best value, and I find them to be easy to use. They also have a guranteee that your return is complete and accurate which is great.

  4. 4
    Dan Englander Says:

    I would also recommend TaxACT. They have a very easy to use interface with a great help section. Also, with their prices, I see them as a clear value leader in the tax preparation space.

  5. 5
    Janice Says:

    I’ve used TaxACT for the past four years and will continue to do so. User-friendly, cost-effective.

  6. 6
    Miss m Says:

    I’ll probably use Turbo Tax again because it will remember and import all my info from previous years. This cuts down on the time and effort compared to trying a new program. I don’t love Turbotax, but it is easy to use.

  7. 7
    Travis Says:

    I used TurboTax last year and plan to use it again this year. I got tired of paying H&R Block hundreds of dollars for something I could do myself.

  8. 8
    Stacey Says:

    We use H&R Block’s “free file” online – it’s free, and we always get our refund back in less than a week. You were eligible last year if you earned less than $54,000 gross. I was really impressed by the program. It allowed me to file everything I needed, including my Schedule C.

    You have to go through the IRS’s website to use free file:
    http://www.irs.gov/efile/artic.....86,00.html

  9. 9
    Andrew Says:

    TurboTax Online if State Farm makes it available again this year. For the past several years they’ve offered it to all their customers as a click through in your account. Includes TurboTax Deluxe for free and free federal and state e-filing.

  10. 10
    Scott Says:

    I’ve used TurboTax pretty consistently over the past 6-8 years and, overall, been pleased. The only thing I’ve not been happy about is their escalating prices. I’ve tried TaxCut on two separate occasions (most recently last year) and ended up taking advantage of their money-back guarantee and going back to TurboTax. TaxCut has seemed more cumbersome to use and has erred on some things that, were I not a CPA myself, I would not have caught. TurboTax got them right and presented things in a more logical, easier to understand manner. Maybe I need to give TaxACT a try this year.

  11. 11
    Bruce Says:

    A few years ago, Turbo Tax and Tax Cut stopped supporting W95a, which I still used. But Tax Act said they supported it, so I tried it. It was still December, and I saw that it did not work with W95a because it expected a file that was a W95b version. I e-mailed them and they said they’d fix it for the final version for the year. They did. I’ve been a loyal user since then, even getting the paid version.
    After I got XP, I sometimes still received access to Turbo Tax and Tax Cut regular versions, so I’d try them for comparison. With Turbo Tax and Tax Cut raising their prices so much, I found Tax Act to be almost as easy to use, for some things better, and thus a much better value. The one thing Tax Act lacks is the ability to download investment tax data.
    I also do my taxes manually in order to better understand what is happening. One curious thing I found associated with some foreign income was that they each handled it differently, using different forms, and getting different results. Because of the free program I received of Turbo Tax, it did not provide the explanationary forms of how it figured these results.

    I’m glad to see there are other Tax Act users here.

  12. 12
    kevin Says:

    i have used turbotax in the past, but this year, i am married, and i own a house. since i have very little knowledge about taxes, i am concerned that i will miss some huge amount of money to get back. i have never itemized before, either, and i don’t know if i should hire an accountant to do this for me or take a class or read a book or just go with turbotax. any suggestions on being the most efficient tax filer?

  13. 13
    Eric J. Nisall Says:

    @Kevin:

    I would definitely recommend going with an accountant in your case. It is perfectly fine and admirable that you are interested in learning about taxes, but this is not the type of thing that you want to undertake with little knowledge or a “learn as you go” mentality. You can certainly take classes to improve your knowledge, and make inquires to your accountant in an effort to become better informed on the subject but the risks are too great for you to do it all on your own. As far as being a more efficient filer, have a look at Get A Jumpstart On Your 2008 Tax Return By Getting Organized Early which has some tips for getting all of your documentation together. Good luck!

  14. 14
    George Says:

    kevin – don’t be fooled or scared into using an accountant instead of one of the top tax programs just because you own a house or haven’t itemized. The programs are so simple, they walk you through everything you need to know and do to file a relatively simple tax return. You don’t have to “learn” more about taxes – it is a ridiculouus system to try and learn how everything works and you don’t need to know. These programs make it easy to do your taxes without an accountant.

  15. 15
    Bruce Says:

    Kevin,

    If you really want to use an accountant, also use a software program to see how they compare. Then, the following years you may be more comfortable using a program with what you had learned. The programs aren’t foolproof. In some cases you have to know what you are doing, but they do take you on a step by step pass through the questions.

  16. 16
    Eric J. Nisall Says:

    @George:

    No one is trying to scare anyone into going in any one direction, simply giving all of the options. With regard to the programs making it so that you do not need an accountant, read my earlier post regarding these programs being useful only after-the-fact. They do not do anything to prepare you throughout the year, nor do they call to remind you to do certain things in order to be in the best possible tax position. In actuality, Turbo Tax has a fatal flaw, which I have brought to Intuit’s attention in the past that was never resolved. The program is not intelligent enough to ensure that people do not double-dip health insurance, as I have seen people claim it on their Schedule A even though it was deducted through a cafeteria plan via their employers which is a big mistake. The program also doesn’t give any warnings for obvious errors such as misplaced decimal points as I have seen a separate incident in which the program allowed the person to claim over $100,000 in sales taxes instead of $1000 on a return that contained only $50,000 in gross income. All programs are flawed, and even tax professional make mistakes, but real people can provide better assistance and understanding better than a piece of software, and a real person can help prepare someone throughout the year in making decisions based on tax consequences that a piece of software cannot do.

  17. 17
    Bill m Says:

    I been using TurboTax and its the easiest to use. I been using since 2001 and love it..

  18. 18
    HS - Ourdebtblog Says:

    TAX ACT FANS HERE! Why pay for software when you get the same thing online for free…

    HS

  19. 19
    Bob Meighan Says:

    nickel… One change you did not mention is that TurboTax now includes up to 5 e-filed federal returns at no additional cost (5 is the limit imposed by the IRS). This is great for those who file returns for their children, parents or friends. In the past, each e-filed return cost $17.95.

    Dan and others… TurboTax’s partners offer exceptional deals to their members. You mention USAA, but others like Costco, Vanguard, State Farm and others heavily discount our products to their members.

    Eric… I disagree with your suggestion that TurboTax is good only for the simple returns (W-2, interest, dividends). Just by following the TurboTax interview, almost anyone can prepare a return of any complexity… all without the tax jargon found with the tax forms. I do agree with you that a good accountant shines in helping taxpayers plan and devise tax minimization strategies. Tax prep software is great for tax compliance, while accountants should excel at providing advice, guidance, etc. But to pay an accountant simply to prepare your return is a poor use of your money. And I say that as a CPA.

    @george… I have never seen anyone double dip on health ins premiums. I guess it could happen but in the case when the employer pays the premiums, I’m not even sure how the employee would know what the premiums are. I guess this is the extreme unlikely scenario.

    All… Since I have a vested interest here, I’ve purposely tried to stick to the facts and leave the opinions/reviews to all of you. One thing I will leave you is this. When comparing tax software, pay close attention to your total cost, including state tax preparation. Don’t be fooled into the lowest sticker price. Also, when the average tax refund is about $2500, determine whether getting the tax software that is going to guarantee you the biggest refund is worth a slight premium of $5 or $10. The call is yours.

    Good discussion here. If you have any questions, go ahead and post. I’ll try to keep an eye on this thread.

    Good luck to all.
    Bob Meighan
    VP, TurboTax

  20. 20
    Broke MBA Says:

    I’m a happy TurboTax user these days, but I used to use TaxAct, I think…

    Anyways, TurboTax is currently worth the money to me. I’m far from a tax expert and this software makes me feel like a tax genius.

  21. 21
    George Says:

    Eric – I guess my thoughts are that the programs are an efficient way to do your taxes, even if your circumstances are a little complicated. and in Kevin’s case above – married with home mortgage interest, that is the sweet spot for these programs. If his return were any easier, he could use the short form with no program. And I don’t think Kevin above is asking for additional advice throughout the year on tax strategies, he just wants his refund and doesn’t want to miss anything major. These programs will do that. WIth that being said, if my tax situation were complicated, with numerous stock transactions, and other business expenses, or if I wanted tax planning advice, I would cetainly recommend an accountant.

    So to answer the topic question:

    I have used Taxcut for the past few years, and chiefly use it now because it is cheaper and they make it easy to import previous year’s data. I have in the past used Turbotax and found it to be functionally equivalent. I also used Taxact one year (it was free!)and it did a sufficient job for a relatively simple tax return at the time. I have also used the state versions of the programs, too, but found that there are relatively few changes year over year for most states and I can just repeat what I did in previous years. That way I don’t have to pay for the state versions. I should also note here that my state situation is also more complex than most, I have to file 2 state tax returns because I live in one state and work in another.

  22. 22
    Ann Says:

    I have used TaxCut for several years and find it fine – except
    I have to use Schedule E for Oil/Gas Royalties, depreciation, etc. Tax Cut is enigmatic for this. The frustrating thing is it is not for a significant amount so professional preparation is not cost efficient.

    Is anyone aware which program is proficient at Schedule E in this context? A response would be very helpful.

    And happy holidays.

  23. 23
    Eric J. Nisall Says:

    @ Bob:
    I was the one who mentioned the double-dipping on benefits, not George. What had happened was that the sec-125 was on the person’s W-2. It was not paid for by the employer, just taken pre-tax but being that they had no idea what it meant, the person also put the amount of insurance premiums on their schedule A, resulting in the “double-dipping”.

    @ George:
    I can respect that.

    I don’t why everyone thinks that professional preparation costs so much. Maybe some firms charge high minimums but that is due to the fact that they have to pay the preparer, the reviewer, the secretary and the partner in the process and mark up the cost of e-filing and the pretty binding they package it all with. There are many firms as well as individuals who do prep work at reasonable costs and who are quite knowledgeable.

  24. 24
    Michael @ The Life Insurance Insider Says:

    I’ve used TaxCut’s online program for the past few years even though your chart above lists it as PC only. I think they typically market it more as HR Block online, but it’s still the same as the TaxCut you get in the box. I thought they had better value on their basic online service and efiling than Turbo Tax.

  25. 25
    JACK Says:

    I think the ugly truth most accountants don’t want people to know is that most of us don’t have tax returns that are all that complicated. I know countless people who swear to me that the hundreds of bucks they pay their accountant to prepare their returns saves them money, but their tax returns are not much different than mine. If your situation isn’t terribly complicated (and, no, owning a home and having itemizing doesn’t constitute a complicated return) the programs are just fine. I know plenty of CPAs and many frankly are using just pro series versions of these same programs behind the scenes. I agree with the notion that an accountant can help someone devise and implement a tax minimization strategy. But 99% of the world is just having them prepare a tax return. Is it really that hard to read a tax form?

    As for the online programs, I think TaxAct is a great product.

  26. 26
    ebmartin Says:

    I used to use Turbotax up until a couple years ago but my taxes became too much to handle with home sales, stock option sales, foreign adoption etc so had to hire a professional. The one thing that always frustrated me about TurboTax was the fact that it did not easily allow comparisons between married filing jointly versus married filing separately. As a result, I had to do my taxes 3 separate times to see which worked best.

    I’m ready to tackle my taxes myself again this year and am wondering if TurboTax or any of the other programs have improved to allow comparisons between the filing options (separate vs joint). Does anyone know?

  27. 27
    Bob Meighan Says:

    ebmartin… For as long as I can remember, TurboTax has enabled you to compare joint vs. separate filing on the What-if Worksheet (select Forms / Open a Form and then scroll almost to the bottom). Not only can you do this analysis, but you can also compare multiple scenarios and multi-year situations side-by-side.

    For what it’s worth, it’s not often that you find separate filing is advantageous to joint filing.

    I hope this information helps.

    Bob Meighan
    VP, TurboTax

  28. 28
    Roscoe Says:

    I’ve used TurboTax for years, and my returns are pretty complicated. Their interview format is very good, though sometimes you have to dig into the form itself to enter everything you need.

    To balance the anecdotal evidence from the CPA’s . . . I have a friend whose CPA totally messed up her estimated taxes for 2007, resulting in a huge penalty. For 2008 I suggested she follow what TurboTax said to do: Just make sure your 2008 estimated payments are at least as much as your 2007 liability. I confirmed that with several tax experts, who all agreed that was correct. Interestingly, her accountant never mentioned that option to her. This year I’ll be helping her with her taxes using TurboTax.

  29. 29
    Lance Says:

    @ Bob Meighan
    I’m really impressed with you responses and willingness to answer questions posted here. Thanks!

    Personally, I have filed paper returns myself for years, went to Jackson Hewitt once and vowed never again to pay someone else to file my taxes. I have used TaxACT ever since and recommended it to my family.

    TaxACT has been a much better value than TurboTax for me.

  30. 30
    Gary Says:

    I use the fair tax plan where I keep all my pay check…. oh wait. Forgot I use TurboTax I get a good discount through USAA.

  31. 31
    BillyOceansEleven Says:

    I am a CPA as well, and have used both TaxCut and TurboTax for my personal returns. My preference is to TurboTax for ease of use, however I have found both programs somewhat frustrating when it comes to seeing the actual entry being made on the tax forms, especially supporting forms like the 8283 for non-cash charitable contributions.

    My view is that unless you have a complicated return (having a home and dependents does not qualify as complicated) and are just interested in preparing the forms, commercial software is the best way to go. If you get more complicated such as rental property, home office deductions, etc., that’s when you might start considering using a CPA to prepare the return.

    I will say that you will learn a lot more from a knowledgeable CPA on strategies to reduce your income tax liability than you ever will from commercial software. Just make sure that your CPA is qualified to do personal income taxes, as CPAs have different specialties. For instance, my specialty is financial accounting (corporate reporting and the like). I can do my own taxes but I’m not especially qualified to do taxes for others. I can research issues and complete my return in a knowledgeable way, but I certainly do not keep up with tax developments like tax CPAs do. Ask questions about their background, how long they’ve been doing tax work, and any experience with a specific tax issue you might have. And absolutely don’t go to an H&R Block, Jackson Hewitt, or the like! Chances are those folks aren’t experienced enough to handle anything more than the simplest of returns, and if you’re return is that simple you’ll do better with commercial software anyway.

  32. 32
    Bob Meighan Says:

    BillyOceansEleven… I generally agree with your suggestions. One tip that might help you and others see the interaction/interplay between your responses in the interview and the forms is to use the Split View mode (a button at the right hand side of the screen). Split View allows you to view the interview and related form simultaneously. As you answer the interview question, you response is immediately reflected on the tax form. This is a very helpful way for taxpayers to better understand how their answers affect the tax forms. (Although Split View is a new feature this year, its functionality has been around for at least a decade. To access it in 2007 and earlier TurboTax products, you would click on the Show Forms button at the bottom of the screen.)

    Bob Meighan
    VP, TurboTax

  33. 33
    My Dollar Plan Says:

    We happily returned to TaxCut this year after using TaxACT last year. TaxACT worked fine, but the e-file prices start to add up if you have multiple returns to complete.

  34. 34
    Ruth Says:

    For several years I worked with the AARP Income Tax Preparation Program and used their TaxWise program. Since I am taking a break from that volunteer work this year, but still plan to do my return as well as several friends and neighbors I want a program that will allow me to e-file quite a few returns and at the lowest cost. Returns vary in complexity and AGI;s. Suggestions?

  35. 35
    Bob Meighan Says:

    Ruth… All consumer tax preparation software (like TurboTax) limits you to e-filing a maximum of 5 federal returns. That is the limit imposed on the industry by the IRS. You’ll have to use a professional tax preparation program.

    Bob Meighan
    VP, TurboTax

  36. 36
    Renee Daniel Says:

    It’s interesting to see the comments from Bob Meighan. My father began using Turbo Tax, when the first versions came out in the late 8o’s (?) I long ago figured out the that Turbo Tax had a lot a features that the average person doesn’t take advantage of because the program hides them, like the Split Screen Feature, and finding forms you need without going through the whole interview process. I recommend Turbo Tax to anyone who has a basic return to file. I use ProSeries in my Home Bookkeeping/Tax Business.

  37. 37
    Ruth Says:

    Wow! The last time I used Turbo-Tax e-filing was not even available so I’m kinda behind on all the news. Does anyone know why IRS put a limit of 5 e-filed tax returns on consumer tax prep programs? Is there a limit to the number of paper returns? If not, it would seem the e-file limitation might be counter-productive since e-filing is the better way to go for IRS.

  38. 38
    Bob Meighan Says:

    The IRS imposed the limit of 5 to reduce the risk of fraud.

    Bob Meighan
    VP, TurboTax

  39. 39
    Art Says:

    Great Posts !!!

    Over the years I have used Tax Cut, Turbo Tax, CompleteTax, and this year I’ll add Tax Act.

    I like the fact that this guy …. Bob Meighan
    VP, TurboTax … steps up to the plate and answers concerns.

    Because I have purchased each of them at least once I get the “Promo” CD’s in the mail (try then buy) and I purchase the one that gives me the most refund. I’m probably doing something wrong because the numbers from the different software programs never match (a few bucks one way or the other) … I figure it’s like airline fares … nobody’s the same.

    TurboTax is $$$$$ … Mostly perceived value not unlike Starbucks VS McDonalds coffee … I would stick with TurboTax but they lost me like AT&T lost my phone … kept raising prices.

    It’s “canned” software for goodness sake !

  40. 40
    Bob Meighan Says:

    Art… I have to strongly disagree with the assessment of “It’s ‘canned’ software.” Tax rules and computations are very complicated and complex. (Perhaps that’s why we have over 150 full time tax experts.) There are significant differences between the tax software programs. While they may all perform the same on very basic issues, many will fail you when it comes to anything beyond the very easy stuff. Things that I normally take for granted, like computing the taxable amount of your state tax refund, others just don’t get right. You get cheated, but most consumers would never know that because the rules are too complex for them to realize. It really is unfortunate that many do see all tax programs the same because they are being shortchanged.

    I also need to comment on the “TurboTax is $$$$”. There have been many mentions of the fact that TurboTax is priced at a premium. Unfortunately, this is more of a perception that reality. Independent reviews have compared the price of TurboTax to others and when you factor in ALL costs, in many cases TurboTax is less expensive. Also, our analysis shows that over the last 4 years, most of our customers have experienced a price increase of only $2. The last point I’ll make on this is that many people compare using our “list price.” Fortunately for consumers, most retailers never charge list price. For example, the list price of TurboTax Deluxe is $59.95. Yet, two major retailers have been selling it for a few dollars less than $45. For true comparisons, I encourage you to evaluate “all in” and actual retail selling prices.

    Thanks for the opportunity to contribute to the discussion.

    Bob Meighan
    VP, TurboTax

  41. 41
    Lori Stearns Says:

    My question is this: How easy is the software, for someone who is good at taxes but bad at computers?

    We are considering purchasing software this year for the first time. My husband prepares the taxes and seems to enjoy it (!) However he is not really skilled in the computer – just learned email last year. He gets frustrated with many websites and how hard they can be to navigate. Will he be frustrated with software? Is it best for him to stay with paper? What are the advantages to using software over paper?

    Thank you so much. I enjoyed everyone’s comments and learned a lot.

  42. 42
    Ron Says:

    Thanks Bob for responding to these posts. Wonder why the other companies are not posting?

    I have used TurboTax, TaxCut and TaxAct each year and they all give different figures, with the same input values. The winner is the one that gives me the best refund, and I do include the costs associated with it.

    I have notice that TurboTax in the interview will ask more specific questions about my ESPP sales than the others. Most of the time I am going with TurboTax. But sometimes I have gone with TaxCut as a bigger refund.

    I am glad to see they all are offering free e-file agian. Have not checked out if free or if via-rebate. And yes I hate these mail in rebates, just do not charge us from the start.

    All in All I do like the feel of TurboTax the best.

  43. 43
    Bruce Says:

    Lori,

    Tax software might be a little tricky to get around for a novice if you want to go back and check various forms to see what was done, but they are getting better for that. He can try it online first for free to see if he can get used to it, even though installing and using a desktop version might be a little different.

    If he does get the knack and uses some tax software, since he likes to do the taxes, I’d also do it manually on paper. Compare the results, see what was calculated or missed manually or with the software. He still has to enter the proper data in the proper places, so the software can miss input.

  44. 44
    Bob Meighan Says:

    Ron… Thanks for the feedback. By the way, our federal e-filing is free (up to a maximum of 5). There are no rebates.

    While the results between the various tax packages should be the same (at least for basic returns), I can see where some might get the wrong result as you start moving into more complex returns. As you mentioned, TurboTax does provide more guidance in the more complex areas. This is where spending a few bucks more is well worth the dollars.

    Bob Meighan
    VP, TurboTax

  45. 45
    Michael Says:

    Has anyone used one of the Big Three programs for Estate and/or Trust returns?

  46. 46
    Kate Says:

    I will need a Schedule C for hobby income; two states (IL and AL), unemployment income and no itemized deductions (no mortgage or medical expenses, etc). Also want to do my mother’s taxes with a lot of annuity income. Is there a program that I can purchase or access that will allow for these requirements? Worked for H&R Block last year and used their software for my own taxes (what a horrendous experience that was) so needless to say I won’t have access to that this year.

  47. 47
    Bob Meighan Says:

    Kate… You can certainly use TurboTax Deluxe to handle the situations described. While Deluxe is not designed to extensively support Sch C, it will easily navigate you through what appears straightforward. In the unlikely event you something more focused on Sch C, it’s easy for you to upgrade for the incremental cost.

    Good luck.

    Bob Meighan
    VP, TurboTax

  48. 48
    Jason Says:

    Bob,
    In the past I have used both TurboTax and TaxCut (the last two years due to “lower” cost), but your responses on this post have begun to sway me back to TurboTax. My wife and I have always had pretty straight-forward returns, two regular jobs and one mortgage. This year however, I did some additional freelance website development work out of our home office. Which version of TurboTax would you recommend for me this year, considering this additional income?
    Thanks,
    Jason

  49. 49
    Bob Meighan Says:

    Jason… I always start by recommending TurboTax Deluxe because it can handle virtually any return. While you will get a lot more guidance in the business income area with TurboTax Home & Business (like depreciation, home office deduction, etc.), you can always upgrade from within Deluxe (and not lose any data) if you subsequently find that you need the extra help and guidance. So again, start with Deluxe and give it a shot.

    The hardest part is not the tax return preparation, but rather it’s the tracking of your expenses and documents.

    Bob Meighan
    VP, TurboTax

  50. 50
    Steve--who is his attorney wife's "tax gofer" Says:

    I have used Turbo Tax for years. I like the fact that Bob is here talking about his product. Last year I attempted to use TaxCut due to the price point being at 1/2 Turbo Tax Home and Business. I like a bit of competition.

    It was not worth the headache. TaxCut had three strikes before I sent it back to them asking for a refund–which they did honor. Here is what TaxCut for 2007 could not do:
    1. Properly calculate the Form 1065 impacts of some gas wells we own (it did not exclude the first 15% and wanted the capital contribution to be income to me). When I talked to their tech support people the said we’ve never heard of that so it was not ready for a tax return with any complexity.
    2. Properly calculate AMT (it asked me to do it by hand outside the software and put the result in).
    3. Import data from any 1009s or W-2s properly.

    I do not work for TurboTax but do like their product.

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