As we all know, the 1040EZ Short form is neither short nor easy. Even for those of us who have been doing our own taxes since we flipped burgers at the local fast food joint when we were 16, we know that taxes are no picnic.
And it seems the more you own and/or the more you make, the more complicated it becomes... especially if you want to write off the bags of clothes you donated to your church or the money you just gave to your favorite non-profit.
Installing the application just takes a couple of minutes. All you have to have with you when you start the application is:
1.) Your name (you hopefully know this one)
2.) Your social security number (your card, if you don't have this memorized)
3.) All of your end of year statements from your bank(s), places of employment, mortgage company, stockbroker, etc.
4.) All tax-deductable receipts.
Depending on how you answer certain questions, you will be taken from one screen to another, and "interviewed" by different tax professionals that explain why a certain item can be written off and why another one can't. At any time, you can click on a help button to get a context-sensitive video explaining the area in question.
They continue to update this software after January 1st, so before you start churning away, make sure you connect to the Internet and download the latest updates.
If your state has its own Income Tax, you can download one free state module from the manufacturer and the software itself can be deducted from your taxes!
In about 45 minutes, I entered all pertinent information and answered all dynamic interview questions with the click of a mouse... and had my return sent electronically to the IRS. I got my refund electronically deposited in my bank account in less than one week!
This software prevents pain... the pain of waiting until 9pm on the night of April 15 to even start fiddling with your taxes, and then the mad dash to the all-night post office to drop it off before midnight. I no longer dread doing my taxes (only paying them) and I have TurboTax to thank for that. I no longer go from one library to the next and to one post office to the next trying to find extra copies of books and forms.
Obviously, this software is not a replacement for an accountant... if you are in the 6-figure income range or higher, hire an accountant. For the rest of us who don't have yachts, race horses, farms, electric plants, etc., this is the software that makes tax preparation a breeze.Get more detail about TurboTax 2001 Deluxe.
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