H&R Block Taxcut 2006 Premium Federal

by H&R Block

Product Features

• All the features and forms included in last year's Deluxe and Premium
• Step-by-step interviews provide guidance customized to your unique needs
• The only do-it-yourself tax program backed by the experienced tax professionals at H&R Block
• View the most up-to-date IRS publications. Internet access required
• Worry-free Audit Support - H&R Block is there to help in the rare event of an audit

Product Details

• Shipping Weight: 3.2 ounces
• Shipping: This item is also available for shipping to select countries outside the U.S.
• ASIN: B000K2NKTG
• Item model number: 1034600-06
• Date first available at Amazon.com: November 13, 2006
• Average Customer Review: 3.8 out of 5 stars  See all reviews (13 customer reviews)
• Amazon Best Sellers Rank: #5,985 in Software (See Top 100 in Software)

Product Description

Amazon.com

H&R Block TaxCut Premium Federal has everything you need in one comprehensive program for any tax situation, from 1040EZ to Schedule C. Step-by-step interviews provide guidance customized to your unique needs. H&R Block TaxCut: The ease you want. The accuracy you expect. Guaranteed.

Seamless Integration
Find every feature and form from last year's Deluxe and Premium in just one program, and let TaxCut seamlessly import your data from last year's TaxCut or TurboTax, as well as Quicken, and Microsoft Money.

Customized to Your Needs
Make the most of money-saving deductions. Receive guidance on claiming dependents, taking a home office deduction, and much more. Save money with useful tips covering charitable donations, rentals, dividends, interest, capital gains, and more.

Backed by Professionals
TaxCut is the only do-it-yourself tax program backed by the experienced tax professionals at H&R Block, America's largest tax services company.

Estate Planning Empowerment
Includes complimentary copy of WILLPower software with valuable estate planning guidance and legal documents.

Interactive Video Library
Make sense of changing tax laws and achieve maximum deductions.

Extension Interview
Included with any federal TaxCut Software purchase.

Kiplinger's Tax and Financial Planning Library Make the most of your money with tax and financial information.

IRS Publications
View the most up-to-date IRS publications.

Schedule C Features
Extra help with depreciation, business expenses and home deductions.

Investor Assistance
Quickly determine the true cost basis for stocks, bonds, or mutual funds and tax consequences associated with company incentives and employee stock.

Additional Tools for Home Owners
Assistance with mortgage deductions and capital gains tax liability when selling a home.

Worry-free Audit Support Features IRS Correspondence Management H&R Block will assist with all communication that is initiated by the IRS/State Department of Revenue(s) Audit Preparation H&R Block will provide detailed information regarding how to prepare for an audit, and extend an offer for an H&R Block Enrolled Agent to represent you in the event an audit.* Audit Representation An H&R Block Enrolled Agent guides you through what to expect during the audit, attends the audit with you and helps you manage the entire audit experience.

Worry-Free Audit Support
Rest easy knowing H&R Block is there to help in the event of an audit. From outlining what to expect and providing guidance on how to prepare for an audit, to having an H&R Block Enrolled Agent represent you before the IRS upon your request, H&R Block can help you manage the process.

How It Works:
1. Successfully e-file* your individual resident income tax return (federal or state) using TaxCut or TaxCut Online (with paid federal return) and you are eligible to receive audit support at no additional charge for your 2005 return.
2. Retain your e-file confirmation email for Worry-free Audit Support confirmation.
3. If you receive a notice from the IRS or State Department of Revenue or are audited, H&R Block will provide you with assistance with the notice and/or offer to provide you with an H&R Block Enrolled Agent to represent you if you are audited.*
4. Call 1-800-HRBLOCK to initiate audit services that you may need. Conditions apply. View the complete terms and conditions for details.

Questions & Answers:
Q. Can I do my taxes by hand and then sign up for Worry-free Audit Support?
A. No. H&R Block Worry-free Audit Support is only offered for returns e-filed with an H&R Block Digital Tax Product.

Q. Who will benefit using Worry-free Audit Support?
A. Those clients who want no surprises after filing their taxes. It's a smart way to make sure you're covered no matter how complex your tax situation. The benefits of Worry-free Audit Support will be invaluable in the event that you need representation because the IRS questions your tax return.

Q. What is an Enrolled Agent?
A. Enrolled Agents are tax professionals who have demonstrated special competence in tax matters and can represent taxpayers before the IRS. Enrolled Agents do not provide legal representation, signed Power of Attorney required. Void where prohibited.

Q. What are the services offered with Worry-free Audit Support?

* Enrolled Agents do not provide legal representation, signed Power of Attorney required. Void where prohibited.

Product Description

New! H&R Block TaxCut Premium Federal has everything you need in one comprehensive program for any tax situation, from 1040EZ to Schedule C. Step-by-step interviews provide guidance customized to your unique needs.

Customer Reviews

Most Helpful Customer Reviews

41 of 47 people found the following review helpful:

5.0 out of 5 stars Looking for TaxCut 2006 Basic?, November 24, 2006

By 

Henrik Schmiediche (College Station, TX USA) - See all my reviews
(REAL NAME)   

This review is from: H&R Block Taxcut 2006 Premium Federal (CD-ROM)

Are you looking for TaxCut 2006 Basic? It seems this year it is available as a free download. Fire up your favorite search engine and type in "taxcut basic 2006" and you should find it for download.

18 of 20 people found the following review helpful:

4.0 out of 5 stars A little cumbersome, but just as good as Turbotax but cheaper, December 30, 2006

By 

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

This review is from: H&R Block Taxcut 2006 Premium Federal (CD-ROM)

The look and feel of the software is pretty much the same as last year. However, navigating through the return is a little cumbersome. They try to dumb down the product so much that the user is pretty much forced to go through the interview screens. It is a pain to go to specific areas to input or edit because they keep taking you back to the canned interview screens for those sections. They should give the user the choice of doing a down and dirty input or using their guided entry. The disk comes with the DeductionPro program which in my opinion is a waste of downloading time. The only added benefit it provides is giving values for household items donated to charity. I don't know why TaxCut doesn't just incorporate the "program" into the tax return preparation and just make it seamless for the user.

They could also improve on the final error check process. They show errors and warnings. When you review a warning, there is no link directly to the fix. I ended up deleting a form with a warning that I thought was unnecessary and ended up deleting my whole W-2 input which made my whole return wrong. It took me a while to figure out that I just needed to re-enter the W-2, but after spending hours on my return, that freaked me out a bit.

Last note: you can still e-file with this version, but it costs $15.95 extra and you can add on a state return for $24.95. If you do need a state return, buying the bundled version will save you money.

TAX LAW UPDATE: As of Feb 3, the IRS will accept returns using the new sales tax deduction and/or the new tuition credit. I was ultimately very happy with Tax Cut's performance. The worksheets still print awkwardly and were just a waste of paper, but they did add the option to print the return to review before e-filing which is a must. I also really like the email notification that your return has been received and then again when it has been accepted along with a link where you can track your refund.

I recommend this product.

2 of 2 people found the following review helpful:

1.0 out of 5 stars Don't waste your time, March 9, 2007

By 

R. Devinney (Silver City, NM) - See all my reviews
(REAL NAME)   

This review is from: H&R Block Taxcut 2006 Premium Federal (CD-ROM)

H&R block does a much better job marketing software than writing it. I used the on-line version, had trouble registering so chose the option to begin entering data and register later. After about an hour of painfully slow entry, sometimes just one item per page, most of the time looking at "LOADING, PLEASE WAIT" I had to keep an appointment so tried to register and save. No luck, repeated attempts to register gave unidentified error, and I could not save without registering. Finally just left the computer on and left; when I came back TaxCut had timed out and lost all my data. By the way there is a screen which looks like you are accepting the terms of a software agreement but if you read the fine print you are agreeing to let them sell your e-mail to other companies. Even if you select NO you will get frequent e-mails from H&R Block. I will save time and do my taxes on paper forms this year. When a company can't get something simple like this right, it calls into question everything they do.