H&R Block TaxCut 2007 Premium Federal [OLD VERSION]

by H&R Block

Product Features

• Includes everything you need to complete your federal taxes
• Guidance for every personal tax situation from 1040EZ to Schedule C
• Step-by-step interview guides you through a customized process
• Includes advice on how to find every deduction you deserve and get the maximum refund
• Includes advanced tools for investors and business owners

Product Details

• Shipping Weight: 3.2 ounces
• Shipping: This item is also available for shipping to select countries outside the U.S.
• ASIN: B000WPWYJS
• Item model number: 1034600-07
• Date first available at Amazon.com: October 29, 2007
• Average Customer Review: 3.4 out of 5 stars  See all reviews (22 customer reviews)
• Amazon Best Sellers Rank: #5,465 in Software (See Top 100 in Software)
• Discontinued by manufacturer: Yes

Product Description

Amazon.com

TaxCut Premium Federal includes everything you need to complete your federal taxes, plus guidance for every personal tax situation from 1040EZ to Schedule C. A step-by-step interview guides users through a customized process, and includes advice on how to find every deduction your customers deserve and get the maximum refund—guaranteed, as well as H&R Block DeductionPro to maximize tax savings from donations. TaxCut Premium Federal also includes advanced tools for investors and business owners such as guidance for rental property and expenses, assistance on investment income and stock options, and how to maximize business deductions for sole proprietorships.

Includes everything you need to complete your federal taxes. View TaxCut Demo (all versions)

Step-by-step interview guides you through a customized process.

E-file your return, and get your refund in as little to 8-15 days.

The Basics:

Step-by-Step Interview
Our simple interview quickly walks you through the return process to automate your return.

Seamless Imports
Quickly and easily import last year's tax and financial data from TaxCut, Turbo Tax, Quicken, Microsoft Money, and H&R Block DeductionPro, as applicable.

Error Check
Our program automatically double-checks your return for errors.

Get Your Refund Fast
E-file your return, and get your refund in as little to 8-15 days. (additional fees apply)

Extra Help to Maximize Deductions:

Customized Tax Advice
Receive tax guidance on changing tax situations, like getting married, having a baby, buying a home and more.

Charitable Donation Help
H&R Block DeductionPro is included for FREE to help you get the most out of your charitable donations.

Maximize Itemized Deductions
Get the tax savings you're entitled to, including deductions related to home ownership, education and more.

Schedule C Support
Extra deduction help for the self-employed, including home office, rental property and depreciation assistance.

Business Expense Assistant
The program provides extra guidance to make sure you're claiming all deductible business expense, including advertising costs, meals and travel expenses, and office supplies.

Investor Guidance
Additional help figuring cost basis for investment income.

IRS Publications
Quick access to IRS Publications for further explanation of specific tax situations.

Multimedia Video Advice
Our tax professionals explain how changing tax laws affect you.

Guarantees:

Worry-free Audit Support
You can rest easy knowing H&R Block is there to help in the rare event of an audit. Included when you e-file your federal return with us.

Accurate Calculations Guaranteed
If TaxCut makes a calculation mistake, we'll pay resulting IRS penalties plus interest. See the license agreement for details.

100% Satisfaction Money-Back Guarantee.
If you are dissatisfied with the software for any reason, H&R Block will refund the full license fee you paid H&R Block or its authorized reseller for the software, exclusive of shipping and handling charges, taxes, and less any rebate you receive on the software.

Product Description

TaxCut Premium 2007 makes your your federal return easy and accurate. From 1040EZ to schedule C, Premium can handle any tax situation and it includes the same great features from last year's Deluxe software. With extra guidance along the way, it'll also help you maximize your deductions. With purchase of this program, you also receive DeductionPro, and can download your state tax module and e-file for a nominal fee. Step-by-step interview quickly walks you through the return process to automate your return. Easily import last year's tax and financial data from TaxCut, Turbo Tax, Quicken, Microsoft Money, and H&R Block DeductionPro. Error Check - Our program automatically double-checks your return for errors. Get Your Refund Fast - E-file your return, and get your refund in as little to 8-15 days (additional fees apply.) Receive customized tax guidance on changing tax situations, like getting married, having a baby, buying a home and more. H&R Block DeductionPro is included for FREE to help you get the most out of your charitable donations. Maximize itemized deductions. Schedule C Support - extra deduction help for the self-employed. Business Expense Assistant provides extra guidance to make sure you're claiming all deductible business expenses. Investor Guidance - Additional help figuring cost basis for investment income. Quick access to IRS Publications for further explanation of specific tax situations. Multimedia Video Advice - Our tax professionals explain how changing tax laws affect you.

Customer Reviews

Most Helpful Customer Reviews

34 of 37 people found the following review helpful:

2.0 out of 5 stars TaxCut installs Adware without user's permission., January 25, 2008

By 

Derek Diamond (Austin, Texas) - See all my reviews

This review is from: H&R Block TaxCut 2007 Premium Federal [OLD VERSION] (CD-ROM)

TaxCut installs third party software without your knowledge, consent or permission. The application is called Software995 and it's basically a PDF editor. Why anyone would need a PDF editor to do their taxes is something TaxCut refuses to answer. Software995 is covertly installed when you download updates for TaxCut. Sorry, you get Software995 installed without choice.
Software995 is ad-based. So if you intend on using it, you will have to endure endless popup ads from their sponsors. And no, you can't get rid of them using a popup blocker. To eliminate the ads you have to pay $9.95.
I think it's very unprofessional of H&R Block to shove 3rd party software down it's customers throats. Are they that hard up for money?
TaxCut and TuboTax both work as far as getting the job done. So my advice would be to get the one without adware.

19 of 20 people found the following review helpful:

4.0 out of 5 stars Decent - Will consider TurboTax next year, February 2, 2008

By 

K. Thompson (Seattle, WA) - See all my reviews
(REAL NAME)   

This review is from: H&R Block TaxCut 2007 Premium Federal [OLD VERSION] (CD-ROM)

I'm a tax preparer and have been using Tax Cut for the past few years for preparing my personal tax return. This program is almost as comprehensive as software tax professionals use and is easy enough for just about anyone. I switched to Tax Cut from Turbo Tax several years ago because it was much cheaper, but now I think the programs are pretty much the same.

First off, the updates take longer than usual, probably the result of Congress taking so long to finalize the tax laws which occurred after the software actually shipped. So be prepared for 10 minutes of updates before starting your return.

This year Tax Cut makes it much easier to move around the return (income, deductions, etc.) so that you can enter it piecemeal rather than having to go through their interview screens. It is also much easier to go back to a section if you missed entering something. You don't have to go through a maze of questions to get to what you need. BUT when they made it easier to move around, they removed the checkboxes that indicates that you have completed that section. I entered just a few pieces of information (W-2 and interest) while leaving out major things that I have had on my tax return in prior years (mortgage interest) and did the final check and it did not alert me to missing data. So, REVIEW YOUR RETURN CAREFULLY to make sure you did not miss anything.

Most companies now issue W-2's which can be imported electronically, but I did not see a way to do that in Tax Cut. I looked, but didn't see it. That's a shame.

Tax Cut also improved upon the calculation for the sales tax deduction, but it is still a little confusing for non tax professionals. They could make it super easy by linking your zip code to a database of tax rates, but I guess a day of programming isn't worth it to them.

The included software Deduction Pro is a decent little program, however they should include a 2008 version so that you can track your contributions all throughout the year.

Tax Cut allows you to e-file, but it will cost you an additional $19.95 to do it. The Deluxe Turbo Tax with the efile ends up being the same price as Tax Cut if you e-file (assuming Turbo Tax doesn't have hidden charges).

Finally, one nice feature is that Tax Cut allows you to save your return as a PDF so you can uninstall the software and later view your return without having to re-install the software.

I looked at Turbo Tax this year and I actually like the input screens on it much better than Tax Cut this year, mostly because it tracks what areas have been completed and I think their final review is better. Tax Cut still does the job and I think both programs have their issues, but I would never attempt a tax return without them.

29 of 33 people found the following review helpful:

5.0 out of 5 stars Excellent tool, but only for no-tax states, December 20, 2007

By 

Joseph Boone (Irvine, CA United States) - See all my reviews
(VINE VOICE)    (2008 HOLIDAY TEAM)    (REAL NAME)   

This review is from: H&R Block TaxCut 2007 Premium Federal [OLD VERSION] (CD-ROM)

TaxCut offers individuals a powerful option for preparing an income tax return that is relatively easy to use. TaxCut assumes that you know little or nothing about income tax law. The software will ask a number of questions and will prompt you for information based on your answers. It will help tremendously if you gather as many of your tax documents as possible before starting. This software is significantly cheaper than paying a service to prepare it and much easier than doing in manually.

The e-file option has been around for some years and is a great time saver for those due a refund. If you owe money, you might want to save a few dollars and just file manually. The program will print all the forms you need so it's easy to do and there's no real advantage to electronically filing if you're writing a check.

Please note that this version is good for Federal returns only. It's a bargain if you live in a state with no income tax, but if you live in one of the many states that require a return every year you'll be happier with H&R Block TaxCut 2007 Premium Federal + State (Win/Mac)

If you don't itemize your deductions and have a very simple return, you might be better off preparing the forms manually on your own. On the opposite end of the spectrum, if you have a return with major league complications, you might be better off going to a good CPA. For everyone else, this is really a no-brainer. It's inexpensive, easy to use, and accurate. I've been using TaxCut for quite a few years and would not even consider giving it up.