TurboTax

TurboTax

Infobox Software
name = TurboTax



caption =
developer = Intuit, Inc.
latest_release_version =
latest_release_date =
operating_system =
genre = Tax software
license = Proprietary
website = [http://turbotax.intuit.com/ turbotax.intuit.com]

TurboTax is a U.S. tax software package. There are a number of different versions, including TurboTax Deluxe, TurboTax Premier, etc. TurboTax is available for both Federal and state income tax returns. The software is designed to guide users through their tax returns step-by-step. TurboTax became an Intuit product as a result of the 1993 acquisition of its creator, San Diego-based Chipsoft. Chipsoft, now known as Intuit Consumer Tax Group, is still based in San Diego, but moved into a new office complex in 2007.

In 2003, Intuit faced vocal criticism for its TurboTax activation scheme. [cite web |url=http://www.pcmag.com/article2/0,1895,821308,00.asp |title= Intuit's TurboTax Activation Scheme Irks Users |first=Cade |last=Metz |work=PC Magazine |date=2003-10-01 |accessdate=2007-06-13 ] The company responded by removing the product activation scheme from its product. In 2005 TurboTax extended its offering by allowing any taxpayer to use a basic version of its Federal product for free as part of the Free File Alliance. By 2006 that offer has been limited to Free federal online tax preparation and e-file for taxpayers whose adjusted gross income is $28,500 or less (or $52,000 for those in the military), and those 50 or under.

TurboTax normally releases its new version in mid-November of each year. TurboTax for Tax Year 2006 was released mid-November 2006.

The Federal version of TurboTax Business is usually available sometime between November and the following January. The State version can take longer.Fact|article|date=September 2007

TurboTax Estimated Taxes

TurboTax Estimated Taxes is an online estimated income tax payment calculating and filing service. For taxpayers who file quarterly estimated payments, it provides payment calculators and allows e-filing of estimated tax payments. Automatic deadline reminders help users avoid late payments. The record of past payments can be automatically imported into TurboTax at tax-filing time, which saves the trouble of typing that history in manually.

Criticisms

* an activation scheme from Macrovision in 2002 TurboTax, [cite web |url=http://news.com.com/2100-1046-986354.html |title=Intuit sued in TurboTax flap |first=David |last=Becker |work=CNet News |date=2003-02-27 |accessdate=2007-06-13 ]

International Versions

The only other country's tax system Intuit addresses is Canada, with a product named QuickTax. Similar to TurboTax, the software is designed to guide users through their tax return step-by-step. ImpôtRapide is the French version of QuickTax, mostly used by residents of the province of Québec.

The online version of QuickTax is named QuickTax Web, or ImpôtRapide Web for the French language version.

External links

* [http://turbotax.intuit.com/ TurboTax Official site]

References


Wikimedia Foundation. 2010.

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