TurboTax Home & Business Federal + State + eFile 2008 [OLD VERSION]

Other products by Intuit, Inc.

Product Features

• Prepare and print unlimited federal and state returns; e-file up to five federal returns (per IRS guidelines) at no additional charge
• Includes free federal efile -- receive IRS confirmation and get your refund in as few as 8 days
• Tailors questions for sole proprietors, consultants, 1099 contractors, and single-owner LLCs and gives step-by-step guidance for entering income and expense
• Expanded Schedule C guidance shows which expenses you can deduct for your vehicle, supplies, home office expenses and more to maximize your business deductions
• Create W-2 and 1099-MISC forms for your employees and contractors (Windows only)

Product Details

• Shipping Weight: 0.8 ounces
• Shipping: Currently, item can be shipped only within the U.S.
• ASIN: B001GL8UP4
• Item model number: 408086
• Date first available at Amazon.com: September 23, 2008
• Average Customer Review: 3.7 out of 5 stars  See all reviews (183 customer reviews)
• Amazon.com Sales Rank: #219 in Software (See Bestsellers in Software)

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  #23 in	Software > Tax Preparation
  #36 in	Software > Personal Finance
  #70 in	Software > The Mac Software Store

Product Description

Amazon.com

TurboTax Home & Business includes everything taxpayers need for self-employment and personal income taxes. Designed for taxpayers who have their own business, TurboTax Home & Business includes everything in TurboTax Premier plus an expanded interview that guides customers step-by-step through Schedule C, categorizing business expenses, maximizing home office deductions and calculating and reporting depreciation.

Asks easy questions about your business Asks you questions in plain English, then puts your info on the right business tax forms for you. Click to enlarge.

Maximizes personal and business deductions We search for more than 350 personal and self-employment deductions to get you the biggest tax refund possible--guaranteed. Click to enlarge.

Efile for a fast refund Efile with direct deposit to get your refund in as few as 8 days. Federal efile included.

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

Provides Guidance for Self-Employment Income and Deductions

New easier interview 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.

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.

Improved--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.

Filing Multiple Returns? It’s Easy with TurboTax
You can prepare and print unlimited federal and state returns and e-file up to five federal returns (per IRS guidelines) with TurboTax at no additional charge. You get all the features and benefits of TurboTax, like year-over-year transfer and audit support tools.

Federal e-filing is easy, fast and more accurate than paper filing and eliminates paperwork hassles. You'll receive IRS confirmation your return has been received and best of all, you'll get a faster refund—in as little as 8 days.* And you can start and work on as many returns as you like and still use all the tax planning features (scenario and alternative planning) you've come to value without having to pay extra.

*IRS typically estimates 8-15 days for efile with direct deposit.

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.

Speeds Up Multiple Investment Entry
Short-cut interview lets you quickly enter multiple investments and provides extra help and guidance if you need it.

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.

Simplifies Reporting Multiple Properties
Short-cut interview speeds you through entering multiple rental properties and provides extra help and guidance if you need it.

Maximizes Refinancing Deductions
Guides you through deducting points, appraisal fees, recording costs, and more so you don't miss a single chance to save.

Handles Supplemental Partnership Expenses
Guides you through deducting your out-of-pocket partnership expenses.

Helps with New Rental Properties
Shows you step by step how to set up new rental properties.

Finds All the Deductions You Deserve

Maximizes Your Tax Deductions
Asks simple questions about your income, family situation and changes in your tax situation. Then, based on your answers, searches for more than 350 deductions to get you the biggest tax refundÑguaranteed.

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.

Improved--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.

Helps You Reduce Audit Risk

New--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.

Alerts You to Audit Red Flags
Compares your deductions to national averages for your income bracket so you can quickly see if your deductions fall outside the norm and could possibly trigger an audit.

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.

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.

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.

Improved--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.

Imports Your Financial Data
Imports information from your financial software (including Quicken, QuickBooks 2007 and higher, and Microsoft Money) so you can skip the cut and paste this year.

Provides Help and Advice When You Need It

Live Tax Answers
Get live answers online from TurboTax experts and other TurboTax users in our Live Community. 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.

New--Guide Me
Not sure how to answer a tax question? We'll guide you to the right answer, making your taxes even easier.

New--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 e-mail, phone, or live chat.

Spots Errors and Shows How to Fix Them

Checks for Mistakes
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

Improved--Shows Your Tax Refund in Real Time
Watch your refund add up as you complete your return. Our improved Dual Refund Monitor constantly displays and updates both your federal and state refunds (or taxes due) as you complete your federal return.

New--Federal Efile Included
Get your refund in as few as 8 days with efile and direct deposit. Five federal efiles are now 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.

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Product Description

Includes everything you need for your self-employment and personal income taxes.

Customer Reviews

Most Helpful Customer Reviews

64 of 69 people found the following review helpful:

5.0 out of 5 stars Just Changed Price Structure!!!, December 12, 2008

By	S. J. Cavallaro (CT, USA) - See all my reviews (REAL NAME)

I just went to the TurboTax site and they advise that they have dropped the $9.95 addition charge for each additional return. They claim an update to the program will come out on Dec. 20 to remove the screen that advised of the charge.

40 of 43 people found the following review helpful:

4.0 out of 5 stars TurboTax has apologized to me. You should read this, please., January 6, 2009

By	S. Gerber "samthewebman" (Philadelphia, PA USA) - See all my reviews (REAL NAME)

You may not need this expensive version of TurboTax if you're buying it primarily because you also have self-employment income (1099-MISC). I realize TT has recommended this but they've recanted and told me that the 2008 Deluxe version will be every bit as capable as the 2007 Deluxe version was in guiding us through the Schedule C, SE and other self employment forms.

Here's the dialogue:

TurboTax has just apologized to me.

TurboTax support has been extremely responsive in calling me back regarding my complaint to them about how badly they're confusing people on which TT product to buy.

I'd like you to read my question to them and then their answer. The bottom line is that TTDeluxe 2008 is every bit as comprehensive (and more) as the TTDeluxe 2007 product. There are no takeaways and no real reason for a Schedule D user to have to buy the Premiere version and no significant reason why a self-employed person MUST buy the Home/Business version. He knew their company screwed up and caused a public relations nightmare. Apparently the "recommended" upgrade products have expanded guidance and help for the uninitiated TT user.

If this 2nd review of mine is not accepted by Amazon, I will try to post it to the Premiere version and the Home/Business version and also as a comment to my 1st review here.

My question:

Considerable confusion exists as to whether a person with self employed income absolutely needs to buy the considerably more expensive Home/Business version. Your website indicates that the Deluxe version "includes" forms Sched. C, SE etc. and yet you say we should buy the more expensive program. This doesn't make sense. I'll be happy if Deluxe 2008 is as comprehensive as Deluxe 2007 was but nowhere do you compare the 2008 and 2007 versions.

You are getting very bad reviews this year on Amazon because of all this confusion. People believe you are taking away function from Deluxe and raising the price to boot.

Their response:

"These are the actions we took to assist you in resolving your issue:

I was able to express to Sam that the Deluxe program will have the same functionality as in previous years, as well as additional features as well. Sam express his confusion on the product features and that of the comparison between each of the verison of TTax. I informed Sam that he has given me a great piece of reference when relaying the changes, functions, and ease of usage within the program.
I will be able to inform my supervisors on this as well as urge the response for our return customers, as well as new.
Thank You Sam."

28 of 30 people found the following review helpful:

5.0 out of 5 stars Intuit Listening to their customers, December 28, 2008

By	R. Wilson - See all my reviews (REAL NAME)

It is nice to see that Intuit is listening to their customers. They have revised their pricing structure to include 5 federal returns and e-files with each TurboTax product. Turbo Tax is still the best way to go if you are filing yourself, but I wasn't going to buy it until they revised their pricing structure. Thanks for listening Intuit.