by Ana - I'm Learning

Created on: December 15, 2007

The Ultimate One for your Taxes

TurboTax Home & Business version of the tax compilation software is the ultimate one. It is the mother of all the versions and you can pretty much do everything relating to taxes with this. If you are into business and looking for a software then this is the one for you. This is the one for sole-proprietors, consultants or contractors and small businesses. It can generate W2s and 1099s for your employees and also handle your personal tax requirements. When we were evaluating the software, the programs installed without any hitch and worked perfectly.

At the personal level it has the deduction maximizer feature which means that it will evaluate over 350 deductions and check your eligibility against them. It looks at deductions like donations to charity, mortgage interest, rental property income and education expenses. At the same time it checks for business related deductions like travel, advertising, depreciation etc. A good thing is that it calculates depreciation through several methods and chooses the one which is most beneficial for you.

This product is available in two flavours - $75 for Federal and an additional $25 for state. E-file is included for free. So if you are a business owner and looking for a tax software then look no further, choose this one. I would rate it at 5 out of 5!

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