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All the features of the Premier Edition It’s not a big savings, but every little bit helps. TurboTax offers a small discount for members of the military. It will simplify both documentation collection and tax preparation, particularly if you’re self-employed or have rental real estate. If you’re a QuickBooks user you can import information directly from QuickBooks into TurboTax. Your return will be covered by the plan for as long as it can be audited. MAX can be added to your plan anytime before you file your return.
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It also extends to cover identity theft monitoring and full identity restoration. Audit Defense is available when you purchase the MAX Defend & Restore plan, at an additional cost of $44.99. It will be like having a tax professional in your corner. If you need direct representation, you can purchase their Audit Defense feature.
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They won’t represent you in the audit, but they can explain the issue and help you prepare for it. Each TurboTax return entitles you to free one-on-one audit guidance from a trained tax professional. This is the perfect solution if you’re required to file returns in multiple states. But you can purchase TurboTax State for $44.99, which allows you to prepare and e-file an unlimited number of state returns.
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With each edition, there is an additional fee for preparing and filing your state tax return. If you pay a penalty to the IRS or your state, because of an error made by a TurboTax, TurboTax will pay both the penalty and interest. They also offer a “Where’s My Refund?” tool that enables you to track the progress of your refund. This usually happens within one or two days, but it could even be an hour or so.
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Once you e-file your return, TurboTax will notify you by email that it has been accepted by the IRS. In addition to e-file filing your return, TurboTax also enables you to save and print copies for your records. Only when you’re completely satisfied the information is accurate will you actually file your return. It breaks down each section of your return sequentially-general information, tax filing status, income, and deductions, and credits. TurboTax works using a basic question-and-answer format.
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I’ve been using TurboTax to prepare my own tax returns for the past several years, so I feel strongly this is the go-to tax preparation software package. There’s nothing intimiting about the software – it’s totally user-friendly. Even if you’ve never prepared an income tax return yourself, you can do it with TurboTax. But one of the reasons why it’s the most popular is because it’s so easy to use. It’s the most popular tax preparation software available, which speaks volumes about its quality. If you’re investigating tax software, TurboTax is an excellent one to start with. Have you decided if you will have your returns prepared by a tax professional? Or have you decided to do your own return? And if so, which tax software are you planning to use? With fall approaching, tax season is just around the corner. They offer so many different options, and can deal with even the most complicated tax situations. TurboTax is the most popular tax software.
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