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TurboTax is a tax preparation software package created by a San Diego based company, Chipsoft. Michael Chipman developed the software in the mid 1980s. Chipsoft is now known as Intuit Consumer Tax Group since its acquisition in 1993. The headquarters of the corporation are based in Mountain View, California. The tax preparation software runs on Mac and Windows Operating Systems and is popularly used in America for income tax preparation. The TurboTax software is designed for both federal and state income tax returns. It guides the user step by step through tax returns, saving the time and money spent at a tax preparer. TurboTax guarantees to get you the highest possible refund.
Features Of TurboTax
TurboTax Estimated Taxes is an online service that assists in calculating and filing estimated income tax returns. It provides the following features:
- A Payment calculator
- Allows e-filing of tax payments
- Automatic deadline reminders
- Past payment records can be imported
There is no fee or income limit for simple tax returns. TurboTax does away with the complicated jargon of tax calculation and offers free support for quick, easy tax preparation.
Advantages Of TurboTax
A 100% accurate tax calculation guarantee ensures maximum refund. The free online edition gives guaranteed accuracy, maximum refund and satisfaction. The users have 24/7 access to online support from the comfort of their homes compared to the set hours of a tax preparer. TurboTax offers two free versions for students as well as for individuals with basic tax situations. TurboTax software by Intuit also addresses the tax system of Canada. It also has a French language version known as ImpotRapide. TurboTax releases its state software in the first couple of months each year and the federal software is released towards the year end.
TurboTax - How It Works
The first step to calculating and filing tax returns with TurboTax is to collect all slips, tax documents and receipts for the year and keep them handy. The software asks simple questions, doing away with the complicated jargon to fill up the tax forms accurately. Based on the answers the software helps in finding applicable tax deductions or credits. The expert team at TurboTax is always ready to answer your tax related queries in real time. The software double checks the tax return at every step to ensure that nothing is left out.
A Perfect TurboTax Solution For Every Need
TurboTax offers full customer support through its website, phone, email or chat. All its online software editions come with three guarantees, for maximum refund, 100% accuracy and 100% satisfaction. The Standard tax calculation software is ideal for individuals or families whereas investors and property owners can opt for a Premium tax solution. The Home and Business software is ideal for consultants and contractors. TurboTax products give the best help and guidance to help you get the highest refund. It helps in quick and easy tax preparation with the help of simple step by step instructions.