Review: H&R Block TaxCut 2007 Premium Federal + State (Win/Mac Edition)
We have reviewed the H & R Block TaxCut 2007 Premium edition for Windows and Apple computers. The software comes in several editions, but most tax payers should be fully covered by the H&R Block Premium Edition that includes the State package as well. We decided against the efile edition as there are several service providers that allow easy online efile services for equal or less money. If you are interested in the efile edition of this software – the only difference to this reviewed version is the included eFile allowance – pretty much a pre-payment of the efile fees (Find more details here). Anyway – on to the review of H&R Block TaxCut 2007 Premium Federal + State.
TaxCut Premium Federal+State includes almost everything a tax payer needs to complete the federal and state tax return. The software package includes guidance for almost every personal tax situation from 1040EZ to filing a Schedule C. A step-by-step interview guides users through a customized and personalized process. This interview process includes advice on how to find more deductions and how to get the maximum possible tax refund – guaranteed by H&R Block. TaxCut Premium Federal+State also includes advanced tools for financial investors and small business owners such as guidance for income from rental property and related expenses, assistance on investment income and stock options. One section even covers a “how to maximize business deductions” for sole proprietorships.
Some notable highlights:
- Step-by-Step Interview
A simple tax interview that quickly walks you through the return process to automate your return as much as possible. - Seamless Imports
Quickly and easily import last year’s tax and financial data from TaxCut, Turbo Tax, Quicken, Microsoft Money, and H&R Block DeductionPro, as applies to your personal situation. - Error Check
The software automatically double-checks your return for errors. - eFile Capabilities if you decide during the process to file your taxes online (additional fees apply)
- Customized Tax Advice
Receive tax guidance on life changing tax situations, like getting married, having a baby, buying a home and much more. - Charitable Donation Help
H&R Block DeductionPro is included for FREE to help you get the most out of your charitable donations. - Maximize Itemized Deductions
Get the tax savings you’re entitled to, including deductions related to home ownership, education and more. - Schedule C Support (Small Business)
Extra deduction help for the self-employed, including home office, rental property and depreciation assistance. - Business Expense Assistant
The program provides extra guidance to make sure you’re claiming all deductible business expense, including advertising costs, meals and travel expenses, and office supplies. - Investor Guidance
Additional help figuring cost basis for investment income. - IRS Publications
Quick access to IRS Publications for further explanation of specific tax situations. - Multimedia Video Advice
H&R Block tax professionals explain how changing tax laws affect your situation.
H&R Block has issues several Guarantees that are included in the tax preparation software package. Here are some examples that will be of interest for you:
Worry-free Audit Support
You can rest easy knowing H&R Block is there to help in the rare event of an audit. This guarantee is included when you e-file your federal return through H&R Block
Accurate Calculations Guaranteed
If TaxCut makes a calculation mistake, H&R Block pays the resulting IRS penalties plus interest. See the software license agreement for details.
100% Satisfaction Money-Back Guarantee
If you are dissatisfied with the software for any reason, H&R Block will refund the full license fee you paid H&R Block or its authorized reseller for the software, exclusive of shipping and handling charges, taxes, and less any rebate you receive on the software. We highly recommend to use AMAZON.com to buy the software as you can mail it back at no fees using Amazon’s return policy. Please make sure you read Amazon’s and H&R Block’s policies.
Conclusion: We found the software very easy to install on a Windows PC running Windows Vista. The tax preparation software worked fine when we created a sample tax return. Of course we were not able to look further into eFiling as a) we would have to wait for 2008 to arrive and b) you would need a real tax return to do so. When we compared the results with other tax preparation tools H&R Block was a top contender. Two Thumbs up from SmartTaxAdvice.com for H&R Block 2007 Premium Edition Federal and State
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