TurboTax Basic 2007 [OLD VERSION] [Download]

by Intuit

Product Details

• Downloading: Currently, this item is available only to customers located in the United States and who have a U.S. billing address.
• Note: Gifting is not available for this item.
• ASIN: B000YMNI2Q
• Date first available at Amazon.com: November 9, 2007
• Average Customer Review: 2.8 out of 5 stars  See all reviews (35 customer reviews)
• Amazon Best Sellers Rank: #3,920 in Software (See Top 100 in Software)

Product Description

Amazon.com

TurboTax Basic 2007 guides you through your tax return, with simple-to-understand questions to help you finish and file your taxes. You’ll get the largest tax refund possible, guaranteed.

Expert Help for Simple Returns

Automatically Import Your W-2s
Don’t understand your W-2? Make it easy. Import your income directly from participating employers.

Answer Easy Questions
No tax lingo here. TurboTax Basic walks you through your return, asking easy questions in clear language. We put your answers on the right forms for you. Easily skip sections that don’t apply to you or explore every one. It’s your choice.

Transfer Info from Last Year’s Return
Watch as TurboTax Basic automatically transfers info from last year’s return to this year’s. Just confirm your past entries to save valuable time.

Transfer Info into TurboTax State
Kick back and watch your federal information transfer into TurboTax State – automatically. You’ll be half finished before you even start your state return (fees apply).

GUARANTEED. Accurate Calculations
Rest assured your return will be error free. TurboTax Basic double checks for accuracy and completeness. We do the math and put accurate figures on your tax forms – guaranteed. TurboTax Basic conveniently imports information from your financial software. Import from Quicken®, QuickBooks®, and Microsoft Money®

eFile* or Print Your Return
Get almost instant gratification. When you electronically file your return – or eFile, you'll receive an IRS confirmation your return has been officially filed. What's more, you'll receive your direct deposit refund in as few as 9 days. Or, choose to print and mail your return. *Additional fees apply to eFile.

Join the Millions Who Trust TurboTax

Relax. TurboTax is dedicated to protecting your personal and financial information. From the most advanced technology to our relentless Privacy Team, we have you covered.

Your Information Travels Safely
We protect your info like the Department of Defense protects theirs. Before you eFile, TurboTax encodes your information with the most advanced encryption technology. Only our computers can decode it, so you don’t have to worry about unapproved viewers.

Your Computer Stores Your Information
After you eFile, rest assured only you can access your return. TurboTax CD and Download products store your information right on your computer. You control it.

Our Commitment to You
Our Privacy Team’s only job is to guard you and your information.

Tax Forms
It’s not as bad as it looks. Here are just some of the forms that TurboTax Basic fills out for you:

• Form 1040 Individual Income Tax Return
• Form 1040A Individual Income Short Form
• Form 1040EZ Individual Income Tax Return EZ
• Form 1040-V Payment Vouchers
• Form 1040X Amended Individual Tax Return
• Form 1099-DIV Dividend Income Worksheet
• Form 1099-G Certain Government Payments
• Form 1099-INT Interest Income Worksheet
• Form 1099-MISC Miscellaneous Income Worksheet
• Form 1099-MSA Medical Savings Account Distribution
• Form 1099-OID Original Issue Discount
• Form 1099-Q Qualified Education Program Payments
• Form 1099-R Distributions from Retirement Plans Worksheet
• Form 1116 Foreign Tax Credit
• Form 1310 Stmt of Person Claiming Refund
• Form 2106 Employee Business Expenses
• Form 2120 Multiple Support Declaration
• Form 2210 Underpayment of Estimated Tax
• Form 2210AI Annualized Income
• Form 2441 Child and Dependent Care Expenses

Plus tons more to get all of your taxes taken care of.

Customer Reviews

Most Helpful Customer Reviews

60 of 61 people found the following review helpful:

5.0 out of 5 stars 11 Years With TurboTax, December 18, 2007

By 

Richard M. Shelburne (Las Cruces, NM) - See all my reviews
(REAL NAME)   

This review is from: TurboTax Basic 2007 [OLD VERSION] (CD-ROM)

This will be the 11th year that I have used TurboTax to prepare my Federal tax return. Eleven years ago the user interface was a little difficult but workable. Last year the product was great and I expect it to continue to improve. Over the years, I have learned that the product is not infallible and some (but very few) mistakes were made, especially in the area of education credits and whether a "Hope" or "Lifetime" learning credit applies. I was able to successfully navigate through this problem but had to force it into the appropriate category. It remains important for the user to be aware of the tax laws so as not to be surprised by these problems.

I have always used the "Basic" version and have found that it meets all my needs including self-employment forms, capital gains, pensions, child care expenses, various tax credits such as the residential energy credit, and many, many more. I have never used the "State" product since state tax returns can be filed in New Mexico over the internet at no cost. You should check with your state to see if it has similar programs.

The only real problem with TurboTax is that the program is released early and before any federal forms are finalized. The update process is easy enough, but if you have a dial-up connection it will take a good bit of time. With a "real" high-speed connection such as cable, it's no sweat. This year it took me about a minute. I personally like to begin my return in December, so this is not a problem for me.

Another great feature is that you can copy personal information such as names, SSN, filing status, etc. from the previous year so you don't have to retype it this year. It also copies financial institution and W2 information which can be edited for the current year without retyping names, tax ID numbers, etc.

I highly recommend TurboTax and wouldn't use any other.

23 of 23 people found the following review helpful:

2.0 out of 5 stars Dishonest, January 30, 2008

By 

Anthony W. Goforth (Abilene, TX United States) - See all my reviews
(REAL NAME)   

This review is from: TurboTax Basic 2007 [OLD VERSION] (CD-ROM)

I have used this product for 10 years and have been very pleased. This year, however, the BASIC Turbotax does not include a Sch C as it always has in the past. When I went to their website, it clearly says that it DOES include Sch C. I then talked with a TurboTax representative who told me that it DOES include one, but you have to PAY to UNLOCK it! When I asked how much, they said "the difference between the Basic and the Home and Office Edition" which was like $60 more! That is dishonest. I am trying TaxCut this year for $13.99 and it does include Sch C and imports all the info from your prior year Turbotax. Intuit, get a clue.

54 of 60 people found the following review helpful:

1.0 out of 5 stars don't waste your money, January 26, 2008

By 

Rob "beatlefan61" (N.E. Pennsylvania) - See all my reviews

This review is from: TurboTax Basic 2007 [OLD VERSION] [Download] (Software Download)

The description mentions that you can use this software to prepare your return and e-file it. What they fail to mention is that when you try to e-file, they expect an additional $17.95 to do so! But wait, that's not all...E-filing for individuals who earn below a certain income are entitled to e-file free of charge. I did so, using free software online from Turbo Tax. The very same software I purchased for $19.99. Save your money. Turbo Tax Basic is available free online. There is absolutely no difference, except that it allows you to e-file without extorting another $17.95.