Top positive review
29 people found this helpful
Well worth the price if you don't have a "simple" return.
on December 30, 2007
TaxCut is well worth the price if you don't have a "simple return" (i.e. just income from one job, maybe a couple of bank accounts, no stock trading, capital gains, etc.) If you have a simple return, just download the fill-in PDF forms from the IRS and get after it. But if you have itemizing, income from more than just employment and a bank account or two, then this is worth the time you'll save. You can find everything you need to know in the IRS instructions and forms, but the $30-$40 will save you hours of time in looking it up, thru TaxCut's interview process.
A couple of notes, however:
a) I think that the state tax forms sort of stink -at least for Louisiana. Instead of outputting the same form that you get from the state (as TaxCut does for the Fed form), it prints out a summarized one, with all the data in one big block, no x-refs, etc. So you find manually checking it almost impossible.
b) The web-based tools that supposedly are one of the features of TaxCut have never worked for me when I needed them. Maybe if you wait until March or April to use them, but for those of us that file early, the stuff just hasn't worked. I rate the web-based and planning tools at a near zero
c) e-mail support hasn't impressed me. But then, for the filing of your taxes, you really shouldn't need it. The interview process and built-in help files are generally sufficient. Still, when I tried to use the web-based features, and they failed to work, I got some "canned" responses from the support group that obviously indicated that they 1- did not know what I was talking about, 2-they were using a standard set of FAQs that really didn't answer my questions/concerns, and 3-they really didn't care. However, as noted, if it works to start with, that's better than problems requiring support, regardless of how good/bad the support is.
d) MOST IMPORTANT- You MUST keep your software from year to year. DON'T discard the CD or dnload prior to 5 yr after filing. Reason- except for transferring your personal data as a prelude to entering current year data, you cannot open past year TaxCut tax return files (or at least thru 2006 tax yr) with the current software. So if you need to make an amended return, or if you're audited for say, a 3 yr old return, you'd better have a printed or PDF copy if you don't still have the sftware. I think that's pretty poor (not being able to open previous yr's tax return files), but maybe if enough of us complain, a change will occur. You can, however, output to a PDF and save that file for future ref. (You won't be able to amend with the PDF however.)
But, for under $40, the time saved for anything but a simple return, it's well worth it. (not to mention the saved time in doing "what-ifs" for various filing options.)