Product Description

With TaxCut 2007 Premium Federal + State, you've got the tools you need to breeze through both your federal and your state taxes. With this package, you get the Federal and State tax programs, one free federal and state e-file, as well as a free tax advisor session and the DeductionPro program. The simple interview quickly walks you through the return process to automate your return.and you can quickly and easily import last year's tax and financial data from TaxCut, Turbo Tax, Quicken, Microsoft Money, and H&R Block DeductionPro, as applicable. This program automatically double-checks your return for errors. helps you maximize your deductions and offers multimedia video advice from seasoned H&R tax professionals. Maximize Itemized Deductions Schedule C Support - Extra deduction help for the self-employed Business Expense Assistant helps you make sure you're claiming all deductible business expenses Investor Guidance Quick access to IRS Publications for further explanation of specific tax situations Multimedia Video Advice - Our tax professionals explain how changing tax laws affect you

Product Details

• Amazon Sales Rank: #1998 in Software
• Brand: H&R Block
• Model: 1336600-07
• Released on: 2007-11-23
• Platforms: Windows XP, Windows 2000, Mac OS X, Windows Vista
• Format: CD-ROM

Features

• Includes everything you need to complete and e-file your federal and state taxes
• Guidance for every personal tax situation from 1040EZ to Schedule C
• Step-by-step interview guides you through a customized process
• Includes advice on how to find every deduction you deserve and get the maximum refund
• Includes advanced tools for investors and business owners

Amazon.com
TaxCut Premium Federal+State+e-file includes everything you need to complete and e-file your federal and state taxes, plus guidance for every personal tax situation from 1040EZ to Schedule C. A step-by-step interview guides users through a customized process and includes advice on how to find every deduction your customers deserve and get the maximum refund--guaranteed. In the event of an audit, Worry-free Audit Support is included to provide your customers with representation of an H&R Block tax professional to manage the claim. Personal Tax Advice provides one free session with an H&R Block tax professional to help answer your customers' question.

Includes everything you need to complete your federal and state taxes. View TaxCut Demo (all versions)

Guidance for every personal tax situation from 1040EZ to Schedule C.

Includes free Federal and State E-file--get your refund in as little to 8-15 days.

The Basics:

Step-by-Step Interview
Our simple interview quickly walks you through the return process to automate your return.

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 applicable.

Error Check
Our program automatically double-checks your return for errors.

Get Your Refund Fast
E-file your return, and get your refund in as little to 8-15 days.(additional fees apply)

Extra Help to Maximize Deductions:

Customized Tax Advice
Receive tax guidance on changing tax situations, like getting married, having a baby, buying a home and 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
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
Our tax professionals explain how changing tax laws affect you.

Guarantees:

Worry-free Audit Support
You can rest easy knowing H&R Block is there to help in the rare event of an audit. Included when you e-file your federal return with us.

Accurate Calculations Guaranteed
If TaxCut makes a calculation mistake, we'll pay resulting IRS penalties plus interest. See the 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.

Customer Reviews

More Than Meets the Eye
I used this product last year and it worked fine except for one minor glitch. That problem had to do with inputting my initial contact information (name, address, etc.) The program would not allow you to use the delete button. You could get past this, and everything else worked fine. No problem with State or electronic filing.

I think the 2007 software is better (the problem described above is fixed). I used to use Turbo Tax, but they got too pricey. HR Block is about where Turbo Tax was in looks three years ago, so they are catching up fast. I was impressed with Turbo back then, so I'm fine with HR Block being a bit less behind with bells and whistles but costing less and throwing in free e-filing. It also includes their program Deduction Finder, something that can save you $$$ if you use deductions, and also you get some free time with HR Block tax specialists if necessary.

I am not gifted in math or tax law, and I find this program very easy to use. The questions are to the point, and the help feature actually answers most of my questions. I showed this to my Dad, who likes to do his taxes by hand himself, and he is actually considering purchasing it. Even if he doesn't, just considering it is a strong endorsement as far as I'm concerned.

For those concerned about the price, check each day. I've seen the discounted price go as low as 49.99, but it changes on a daily basis. Some of the amazon sellers have gone as low as 32.00, too. The comparable TurboTax Premier Federal + State 2007 costs $67.99 and does not include e-filing or the separate program, Deduction Finder.

Bottom line is that it gets the job done, is backed by HR Block (they also throw in some audit protection for free), and it costs less than Turbo Tax. So if using a product just a little behind in terms of fancy stuff is not a big deal, then I think this product will fit the bill.

Error in software doesn't allow you to efile
There is an error with the software that blocks you from e-filing. Do NOT pay extra for the efiling service, as the error isn't expected to be fixed until February 21st.

Installation issues
This review is for TaxCut 2007 Premium Federal on CD for Windows XP SP2.

I've been a user of TaxCut since tax year 2004. The tax part of TaxCut 2007 seems to work OK. I had problems with the installation and update of TaxCut 2007. Specifically, the TaxCut 2007 installation and update features modify the list of users who can access the \Program Files folder limiting it to only the Administrator who can access this folder. This effectively denies all other users on the XP system access to this folder, which means that ordinary users will have problems executing programs under this folder (which effectively is most installed programs). It also implies that only the Administrator can execute TaxCut.

I was able to fix this issue by looking at another XP system and modifying the access control list (ACL) of the \Program Files folder on the TaxCut system to match the other computer's ACL. Although this restored the system back to normal, TaxCut 2007 still only worked for an administrator, not an ordinary user. I've contacted TaxCut about the \Program Files folder problem. They said that they are looking into it.

This problem occurred when I installed TaxCut. It also occurred on the recent (Jan 10, 2008) update, which I installed on Jan 13, 2008.