TurboTax Estimated Taxes Quarterly Income Tax Filer Win/Mac

by Intuit

Product Features

• Guides you through estimated taxes, step-by-step, quarter-by-quarter.
• Applies up-to-date tax laws to your situation.
• Calculates your quarterly payments according to IRS guidelines.
• E-files your quarterly payments for free, or prints them for mailing.
• 12 Month Online Service Subscription

Product Details

• Shipping Weight: 8 ounces
• Shipping: Currently, item can be shipped only within the U.S. and to APO/FPO addresses. For APO/FPO shipments, please check with the manufacturer regarding warranty and support issues.
• ASIN: B000BKOVZO
• Item model number: 297337
• Date first available at Amazon.com: October 24, 2005
• Average Customer Review: 1.5 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #9,308 in Software (See Top 100 in Software)

Product Description

TurboTax Estimated Taxes is your complete estimated income tax solution, from figuring to filing. It helps eliminate tax-time surprises, penalties and fines…and minimizes under- and over-payments. Enjoy the relief, peace of mind and control that come from doing your quarterly estimated income taxes right: this online program guides you through estimated taxes, step-by-step, quarter-by-quarter, applying up-to-date tax laws and calculating your estimated payments. You’ll be more organized, as it reminds you of payment due dates and keeps payment records. And you can manage your cash flow better by budgeting the right amounts to pay each quarter.

Customer Reviews

Most Helpful Customer Reviews

22 of 22 people found the following review helpful:

1.0 out of 5 stars Do Not Buy this Software Until it's Updated, February 25, 2006

By 

Jan Zobel "Jan Zobel EA, professional tax pre... (Oakland, CA) - See all my reviews
(REAL NAME)   

This review is from: TurboTax Estimated Taxes Quarterly Income Tax Filer Win/Mac (CD-ROM)

When I first saw this software at the store, I was really excited, not because I needed it for myself but because I thought it would be great for my students. I'm a tax professional who specializes in working with self-employed people. I teach small business tax classes and one of the hardest things to teach others is how to make quarterly estimated tax payments (how to know the amount to send in). I figured this software would really help students but that's not true. The only thing this software does right now is tell you that you can avoid penalties by sending in the same amount as your tax liability was last year. And then it tells you which line to look at on your tax return to see what that figure is. Supposedly in June, an update to the program will help users calculate the true amount to send in based on the income being earned in the current year. Without that feature, this software is nothing. I hope the revised version will provide this information; the concept seems good but this program should not have been released until it was really ready to be used.

By the way, if you can't wait until June to learn how to calculate the amount to send in for estimated tax payments, download form 1040ES from the IRS website or take a look at my book Minding Her Own Business: the Self-Employed Woman's Essential Guide to Taxes and Recordkeeping. Two chapters plus an appendix are devoted to this important (and confusing) subject.

Jan Zobel EA
Oakland, CA

11 of 11 people found the following review helpful:

1.0 out of 5 stars Beyond Disgusted, April 6, 2006

By 

Avalon Daughter (I wish I was in Glastonbury) - See all my reviews

This review is from: TurboTax Estimated Taxes Quarterly Income Tax Filer Win/Mac (CD-ROM)

I'm a freelance designer for the first time and thought that this would be a great tool for estimating my taxes each quarter. How wrong I was!

First of all, most of the features are not updated. Also, it only does Federal taxes and not State, which it says: "Feature unavailable at this time." In fact, I saw that on a number of these promised features and made me feel that my money is pretty much wasted.

At this writing, I am gathering up my information to take to H&R Block. I feel so insecure about using this software that I don't trust it. I plan on writing them a letter of complaint and then seeing if I can get my money back.

My recommendation: Try another method.

9 of 9 people found the following review helpful:

1.0 out of 5 stars Do not E- this one, June 14, 2006

By 

Wally (IL United States) - See all my reviews

This review is from: TurboTax Estimated Taxes Quarterly Income Tax Filer Win/Mac (CD-ROM)

When using Turbotax to prepare my taxes this year, the prep software advertised this program. I thought it might be a good idea to simply e-file my estimated taxes also. However, this software is not simple to use. It isn't inutiative at all (no pun intended). The version I used is through inituit's website via an account, not a program I install on my computer. Sometimes the website is busy, so the program is temporarly out of service. I had thought I'd set up my account to automatically schedule a reminder and pay from my checkbook. However, today when I checked (it's time for the 2nd quarterly payment), I didn't get a reminder. When I tried to manually efile, I instead had to manually print out the estimated form and send the payment in the old fashioned way because efiling requires an earlier stamp than a postmark. Before getting this service, it's time to ask..."Do you really wish to make a simple process more complicated?" I wish I had said no.