TurboTax Home & Business Federal + E-file + State 2011 [Old Version]

by Intuit, Inc.

• Guides you step by step through your self-employment and personal income taxes
• Provides help in finding small business tax deductions and industry specific deductions
• Free one-on-one expert tax advice live by phone or chat
• Expanded interview walks you through entering business income and expenses to help you maximize business and personal deductions
• Includes Free Federal E-File and one download of a TurboTax State product

Product Details

• Shipping: This item is also available for shipping to select countries outside the U.S.
• ASIN: B005TK6438
• Product Dimensions: 5.4 x 0.7 x 7.5 inches
• Media: CD-ROM
• Release Date: November 22, 2011
• Average Customer Review: 3.6 out of 5 stars  See all reviews (338 customer reviews)
• Amazon Best Sellers Rank: #613 in Software (See Top 100 in Software)
  • #35 in Software > Tax Preparation
  • #77 in Software > Personal Finance

Product Description

Platform: PC

Everything you need to easily do your personal and business taxes.

Guides you Step by Step through Self-Employment Income, Deductions, and Credits for your Biggest Tax Refund Customizes questions based on your business profile (sole-proprietor, consultant, 1099 contractor, and single-owner LLC) and gives you step-by-step guidance for entering income and expenses. Helps Find Small-Business Tax Deductions Shows you which expenses you can deduct for your vehicle, supplies, utilities, home office expenses, and more, so you get every business deduction you deserve. Identifies Industry-Specific Deductions Walks you through tax write-offs by industry to help you spot commonly overlooked deductions. Gets You the Biggest Vehicle Deduction Shows you whether you'll get a bigger deduction using actual expenses or the standard mileage rate. Provides extra help for splitting vehicle expenses between business and personal use.	Feel Confident Your Taxes Are Done Right Now Free! Only TurboTax software offers one-on-one expert tax advice free for everyone, live by phone and chat. Learn More
Makes Entering Income Easier Shows all business income types on a single page so you know you've covered all sources of business income. Creates W-2 and 1099 Forms Helps you prepare unlimited forms for employees and contractors. Does all calculations and prints on plain paper. No special forms needed. Mac users must have Internet access to create W-2 and 1099 forms. Simplifies Asset Depreciation Helps you determine which depreciation method will get you the biggest deduction, then guides you through calculating and reporting depreciation. Streamlines Expense Entry Walks you through all expense categories and provides additional tax deduction suggestions along the way so you can maximize your savings. Offers Extra Guidance for New Businesses Shows the startup deductions new businesses can take. Also includes everything in Premier: Helps You Get the Most from Your Investments *Exclusive* Imports Your Investment Info Saves time by automatically importing your investment info directly from your financial institution. Helps You Accurately Report Investment Sales Walks you through reporting sales of stocks, bonds and mutual funds. Automatically calculates capital gains/losses and keeps track of those that carry over to future tax returns. Determines Your Cost Basis Finds your accurate purchase price for stock sales, in three easy steps. Helps with Employee Stock Plans Guides you through reporting sales and automatically determines your correct basis for selling shares purchased at different times or different prices. 401(k) Maximizer Shows you how to increase your 401(k) contribution without decreasing your take-home pay. *Exclusive* Helps You Find Every Rental Deduction Finds over 20 deductions for landlords, from travel to advertising to repairs to insurance. *Exclusive* Shows Your Best Rental Depreciation Method Simplifies reporting rental property depreciation and shows which depreciation method will get you the biggest tax deduction. Maximizes Refinancing Deductions Guides you through deducting points, appraisal fees, recording costs, and more so you don’t miss a single chance to save. Helps with New Rental Properties Shows you step by step how to set up new rental properties.	Why TurboTax Home & Business is the easiest choice for you ... TurboTax Home & Business was designed to help you take full advantage of your personal and business deductions so you get the biggest tax refund possible. Choose TurboTax Home & Business if any of the following apply to you: You are a sole proprietor, consultant, 1099 contractor, or single-owner LLC You receive income from a side job or self-employment You prepare W-2 and 1099-MISC forms for employees or contractors You file your personal and business taxes together If you own an S Corp, partnership, C Corp, or multiple-owner LLC, choose TurboTax Business.
Finds All Tax Deductions and Credits You Deserve to Get Your Biggest Refund Maximizes Your Tax Deductions Asks simple questions about your income, family situation and changes in your tax situation and credits. Then, based on your answers, searches for more than 350 deductions and credits to get you the biggest tax refund—guaranteed. Looks for Deduction Opportunities as You Go Shows you which deductions you’ve taken. Which deductions you haven’t. And tells you how to qualify for just about any deduction, so you don’t miss any opportunities to save. Gets You the Maximum Deduction for Donations ItsDeductible (included) helps you accurately value items you donate to charity–no more guessing. Plus, it tracks other donations such as cash, mileage and stocks, to help you get every charitable deduction you’re entitled to. Handles Your Life Changes Changed jobs? Got married? Bought a home? Had a baby? TurboTax guides you through common life changes, explains how the changes will impact your taxes, and tells you what you can deduct. Helps with Medical Expenses Does all the math and tells you if you qualify to deduct your medical expenses for maximum tax savings.	TurboTax guides you through your taxes like a GPS, with extra help for first time users.
Helps You Reduce Audit Risk Tracks Your Audit Risk Audit Risk Meter™ checks your tax return for common audit triggers. Shows whether your risk is high or low. And provides tips to help you reduce your chance of an audit. Includes Downloadable Audit Support Center Gives you step-by-step guidance on everything you need to know and do if the IRS contacts you. Also Available: Audit Defense Provides full-service representation by a trained tax professional. You will never have to meet with the IRS, unless you want to.3	Start your return and efile with Turbotax today. Intuit will submit your return when the IRS starts  accepting them on January 14, 2012. The IRS will email you a confirmation within 48 hours.

Does the Hard Work for You Asks Easy Questions, Tailored to You Guides you step by step through your tax return and puts your answers on the right tax forms for you. Skips interview questions that don’t apply to you, so you can finish your return faster. Automatically Fills in W-2 and 1099 Info Gets your W-2 and 1099 data directly from over 100,000 participating employers and financial institutions and automatically puts it in the right tax forms. A brief summary lets you review and edit downloaded information if necessary. Transfers Last Year’s Tax Info No retyping necessary. Fills in information from your previous year’s return to save time and increase accuracy. Shows you what you’re importing and where it goes in your return. You can also import from other tax software including TaxACT and H&R Block’s TaxCut. *New* Imports a PDF of Last Year's Tax Return Easily imports prior year tax data/documents from TurboTax, other tax software brands4 and tax stores.5 Imports Your Financial Data Imports information from your financial software (including Quicken®, QuickBooks® 2007 and higher4, and Microsoft® Money) so you can skip the cut and paste this year. Makes it Easy to Hold Your Place Flag areas in your tax return so you can get back to them easily. Provides Help and Advice When You Need It Live Tax Answers Now Available! Get FREE one-on-one expert tax advice, live by phone or chat. Plus, you'll have instant access to answers to commonly asked tax questions on every screen. Straightforward Guidance & Advice Find help on any tax topic from anywhere within TurboTax. Get plain-English explanations of specific tax areas and helpful examples when you need them. Guide Me Not sure how to answer a tax question? We’ll guide you to the right answer, making your taxes even easier. Explains Your Return Shows you a summary of your return, including income, tax, credits and payments so you know your taxes are accurate. Provides recommendations to help you get an even bigger refund next year. FREE Technical Support Got a software question? No problem! Get answers from a TurboTax expert via phone or live chat.

Special guidance for first-time users TurboTax works like a GPS, walking you step by step through your taxes, with guidance designed especially for people who are new to tax software. We ask you questions in plain English and put your answers on the right tax forms. Then, just e-file or print your tax return. It’s that simple. Help Me Choose the Right TurboTax All the help you need Answers to your questions are just a click away in the TurboTax Help Center: Online chat Get real-time help from a TurboTax expert via online chat. (available 5:00 a.m. - 9:00 p.m. Pacific) Ask the community Get your tax questions answered by our Live Community of tax experts and TurboTax customers like yourself. FAQs and answers Browse or search our award-winning support website. Talk to a person Free product support from our Customer Care representatives is just a phone call away (Basic and above). Additionally, with our Ask a Tax Expert feature, you can get personalized, one-on-one tax help by phone (fees apply). Help Me Choose the Right TurboTax Why Make the Switch? TurboTax is easy and it could save you money. Leading Tax Store TurboTax Asks you questions and fills in the right tax forms Gets you every deduction and credit you deserve Tips and advice tailored to your unique tax situation Support in case of an audit (fees may apply) Handles tax impact of changes in your life Years of expertise to help answer your questions Up-to-date with all the latest tax laws Federal efile included at no extra charge Prepare and file your taxes anytime, 24/7 Do your taxes yourself, without leaving home Save on average $100 or more over the leading tax store by choosing TurboTax.6

Spots Errors and Shows How to Fix Them

Smart Check™ Scans for Mistakes

Smart Check double-checks your return for errors, so you can be confident your taxes are done right.

Guaranteed Accurate Calculations

If you should get hit with an IRS or state penalty or interest due to a TurboTax calculation error, we’ll pay you the penalty and interest.

Keeps You Up-to-Date with the Latest Tax Laws

With a single click you can check for updates each time you start to ensure your return includes the latest IRS and state tax forms. No more disruptions while you work on your return.

Get Your Refund Faster with Included Federal Efile

Shows Your Tax Refund in Real Time

Watch your refund add up as you complete your return. Our Dual Refund Monitor constantly displays and updates both your federal and state refunds (or taxes due) as you complete your federal return.

Federal Efile Included

Get your refund in as few as 8 days with efile and direct deposit. Free federal efile is included with TurboTax at no extra charge. If you’re a returning user, we’ll automatically transfer your efile information from your previous year’s return to save you even more time.

New Options to Get Your Refund Fast

Direct deposit your tax refund on a TurboTax Refund Card, a reloadable Visa prepaid card that can be used everywhere Visa debit is accepted. Or put your refund on a prepaid card you already have.

Which TurboTax is Right for You? Click to enlarge.

1. Cost includes tax preparation and printing of unlimited federal tax returns and free federal efile of up to 5 federal tax returns. Additional fees apply for efiling state returns ($19.95). State e-file is an additional fee. E-file fees do not apply to New York state returns. All prices are subject to change without notice. 2. TurboTax CD and Download users must have Internet access to interact with the Live Community. 3. Service provided by TaxResources, Inc.; additional fees apply. 4. Windows Only. 5. Documents must be imported in electronic (PDF) format. 6.Based on 2009 reported company and survey data for personal returns. Actual savings vary based on tax situation. 7. Live tax advice service is free and available by phone or chat through 4/30/12 for questions on 2011 U.S. Federal and State tax returns (restrictions apply). Service, experience levels, hours of operation, and availability vary and are subject to change without notice.

Most Helpful Customer Reviews

172 of 177 people found the following review helpful

4.0 out of 5 stars The Best Tax Software Available (with a warning) November 29, 2011

By Stephen TOP 500 REVIEWER

Platform for Display:PC|Amazon Verified Purchase

I have been using Turbo Tax for about 10 years. In general it is an easy to use program and I have never been audited. I only enter legitimate data that I have a receipt for. If I was to be audited it wouldn't be a big deal.

6 years ago I had gone through the process of filling out all my forms but neglected to save the data prior to entering the E file area of the program. When I saw the state fee for E file, I tried to back out of the E file program section. All of my data prior to my last save was lost. This was about 6 hours of work. I know it was my fault for not saving my data, but I thought that the E file was included in the price of the program. I felt the program should require you to save the data prior to entering a section where the data would be lost if you backed out of the E file section. I called Intuit to let them know what happened and found the response to my issue underwhelming.

The Federal E file is free but the states may charge additional fee of about $20 to E file.

The next year I used an accountant which turned out to be a big mistake. It cost several times the price of the software package and all of my carryover deductions needed to be manually entered. I spent more time putting my information together for the accountant than I had spent in previous years doing the return myself. The accountant just made the deadline and repeatedly called asking for clarifications on deductions.

I learned my lesson from that experience. Now I always use Turbo Tax Home and Business but make sure I save my data throughout the entry process.

I'd give the product 4.5 stars if I could. I find the statement of E file to be slightly deceptive. The state filing is not included in the price the program. Intuit is much clearer about this now than they use to be. You just need to be aware of this and include that cost in your purchase decision. I print and file my state return to avoid the fee. There are also areas of the business deductions that require research from the IRS's website which can be tedious.

The program allows business deductions carry over to future years which save a lot of time and helps maintain accuracy. If you are going to use this program it pays to be a repeat user.

139 of 144 people found the following review helpful

1.0 out of 5 stars employee information data storage January 8, 2012

By Robert Callaway DVM

Platform for Display:PC

I have used this product since 1997 to do my taxes. Unfortunately, this year Turbo Tax decided to store the payroll information on their servers rather than the consumers' desktops. The result is my employees' information is stored where I have no control. I will forever need to worry about security issues considering this data. If at some point in the future I need to amend the return, I will be dependent on the goodwill of Turbo Tax to access this data. I will no longer be using this product.

73 of 74 people found the following review helpful

1.0 out of 5 stars Buyer Beware - Turbo Tax Home & Business 2011 IS A DISASTER January 25, 2012

By D4E0

Platform for Display:PC Download|Amazon Verified Purchase

I have used Turbo Tax for years. Two or three years ago I began using their transfer function to transfer 1099MISC information from the prior year to the current year, so that all one needed to do was fill in the correct dollar amount and not have to retype all the names and addresses. It worked fine in prior years, just as you could transfer your tax information for the 1040 from the prior year.

BUYER BEWARE!!

This transfer function DOES NOT WORK in the 2011 iteration of Turbo Tax Home & Business 2011. In its infinite wisdom, Intuit moved this transfer scenario from a simple file to file transfer and
put it instead, on line. It does not work. I am unable to transfer the 150 or so 1099MISC forms from 2010 to 2011 AND no one at Intuit/Turbo Tax seemed to know it doesn't work. I lost three
hours on line and then on the phone trying to get this function to work, speaking with tech specialists at Turbo Tax.

All you learn in the program itself, when you try to make the transfer USING THE FILE TYPE YOU ARE SUPPOSED TO USE, is the infuriating message "Houston, we have a problem ... but don't worry we are not in outer space."

Well guess what, you folks at Intuit are indeed in outer space if you think it is acceptable to not have this function working as of 1/25/11 just six days before the IRS deadline to send the
1099MISC forms to their recipients.

THIS IS A DISASTER.

Do not buy Turbo Tax Home & Business if you need to transfer your 1099MISC information from 2010 to 2011.

Shame on you Intuit.