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TurboTax 2017 Editions

Turbo Tax Tax Preparation

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Intuit TurboTax 2017 Review:

TurboTax offers a full line of products for the 2017 tax season to help get you square with the IRS in a simple and fully guided tax preparation and filing process.

As the TurboTax 2017 Editions lead you into the tax filing process, it takes the time to get to know you and your tax filing needs.

Starting with the interview and personal data entry, you are presented with basic questions to get your individual tax information and determine life changes that could effect your return.

Wages are entered in a similar fashion, as well as deductions and other income. Home office expenses are calculated automatically from the gross amounts that you enter in for your home utilities and and other related expenses. These figures are determined by how many square feet youíre using for business office area as compared to the total square footage of your home.

As you complete each section, TurboTax 2017 Editions show a rolling summary of the total taxes due, or refund amount due back to you at the top of the screen. When your return is completed, a summary of the return is presented on screen, and the return is checked for completeness, missing entries, mistakes and, any entries that commonly can trigger an audit, making it easy for changes.

TurboTax Online Tax Preparation

When your federal return is completed, you can download the required state forms to prepare your state return in the same manner. You can also do this from the menu as you start a new return from the menu there.

You'll then be guided through the process where relevant figures are automatically transferred from the federal return to the state saving time and effort. If any figures need to be adjusted for state purposes, those adjustments are made automatically as needed.

Once the returns are finished and you are satisfied that they are ready to file, TurboTax gives an option to select which returns you want to file (federal, state or both), how to file each return (e-file or paper), and whether you want to print a copy for yourself. TurboTax 2017 Editions use the default printer unless itís manually set up to use a different printer instead.

There are lots of advantages to using tax software, it will speed the process with step-by-step guidance, help you make sure that the calculations are performed correctly, check that the right figures wind up in the right places, and on the right forms. You'll get tax guidance that does work to your benefit in insuring a maximum refund. Thatís a whole lot of support and guidance for a relatively small tax software investment.

TurboTax Software

In the tax preparation process TurboTax 2017 software provides a checklist at the beginning of each section to help with accumulating your tax documents that are needed for properly completing your return. This helps taxpayers organize their records and documents as they go.

When using TurboTax, the EZ-Guide works well and is easy to actually follow as it covers most of the tax preparation bases thoroughly. I like the fact that often it suggests a second look at areas where you might have overlooked income or deductions to insure all opportunities are taken to lower you bill.

TurboTax has a preparation checklist online that you can access through the links on the top of this page that can help you get your papers  together  before you even start using the tax software.

This is an organizer document that helps you just as a professional would when they send out the organizer to their clients so that clients can gather as much of the materials needed before meeting with the tax preparation specialist.

At the home level, this organizer checklist simply help you by letting you know in advance what might be needed in the future for each section of the tax preparation process.

With the Turbo Tax 2017 software you can watch your refund add up from every screen as you complete your return.

Save time with TurboTax 2017 features

  • Import Your Investment Info - Save time by automatically importing investment info directly from participating financial institutions.
  • Get Help Accurately Reporting Investment Sales - You'll be walked through reporting sales of stocks, bonds and mutual funds. TurboTax automatically calculates capital gains and losses as it keeps track of those that carry over to future tax returns.
  • Your Cost Basis in Three Easy Steps - Find your accurate purchase price for stock sales.
  • Get Help with Employee Stock Plans - TurboTax automatically determines your correct basis for selling shares purchased at different times or different prices.
  • Maximize Your IRA Savings - TurboTax will show you exactly how much you can save on this year's taxes by opening or contributing to an IRA.
  • See Your Best Rental Depreciation Method - Simplify reporting rental property depreciation. Determine which depreciation method will get you the biggest tax deduction.
  • Maximize Refinancing Deductions - You'll be guided through deducting points, appraisal fees, recording costs, and more so you don't miss a single opportunity to save.
  • Get Help with New Rental Properties - Get step by step guidance to set up rental properties

Plus, get your refund less time with efile and direct deposit. Try TurboTax Today!


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