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TaxCut Premium 2005 (discontinued)

TaxCut Premium 2005

Entered CNET Catalog: 12/14/2005

SKU: 1316603-05

Manufacturer: H&R Block

Manufacturer description

PRODUCT FEATURES: Extra help with depreciation, business expenses and home deductions; Premium tax advice - save money with useful tips covering charitable donations, rentals, dividends, interest, capital gains, and more; Investor assistance - quickly determine the true cost basis for stocks, bonds, or mutual funds and tax consequences associated with company incentives and employee stock; Additional tools for homeowners - assistance with mortgage deductions and capital gains tax liability when selling a home; Extra resources for rental property owners provide guidance on the personal and rental use of your property; Worry-free audit support - 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.

User opinions

Select a User Opinion to view: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

User Rating: 2/10

Bugs in software

Pros: sometimes works

Cons: online and phone support

Review: Very disappointed with TaxCut this year. I always purchase both Turbo Tax and TaxCut each year to make sure I'm doing my taxes right. This year TaxCut is worse than Turbo Tax. TaxCut has bugs in the software, but they sell it anyway. Turbo Tax works fine. This is in regard to rental property calculations. I've told support, they acknowledge, but they will not refund. What a business model! Sell your flawed product and don't give any refunds. I'm filing with Turbo Tax this year.

User Rating: 5/10

Federal to State Issue

Pros: Great For Federal Returns

Cons: Fails to Properly Process non-State Taxable Documents that are Federally Taxable

Review: I've used Taxcut for years (back to when it was merely on floppy disk). During that time I only had to be concerned about my Federal return (big thumbs up to Taxcut). After retiring from the military, I receive a 1099-R that my State does not require me to file but the Federal Government does. Here's the issue. I report this as income on the Federal return, and it is automatically reported as income on the State return. Emailed Taxcut with issue and see if there would be a patch to insert a State Taxable entry Y/N? Their response: you will need to contact one of our tax advisers (additional cost)--this is a tax-related question not a software related question. I spoke with a tax adviser offline (not H&R Block). he told me that this is a software error that was creating an error ($400+) owing instead of refund. I was told that the software should have questions built-in that ask if certain incomes (e.g. 1099-R) are taxable by the State and processed accordingly. Overall, Taxcut email support was less than helpful and continued to refer me to their tax advisers. My own quick fix (no help from Taxcut): save current return as tax_1 and make a copy and save as tax_2. Then delete 1099R from tax_2, print Federal part of tax_1 three times(Fed, State, and personal use), print State part of tax_2 twice (State and Personal use), mail Fed from tax_1 to IRS, combine and mail Fed (tax_1) and State (tax_2) to State and make my copy using same method. Rumor has it that Turbotax fixed this problem last year or year before...wonder where I'm going shopping next year.

User Rating: 2/10

Nickel and Dime

Pros: Relatively low entry cost

Cons: Irritatitng upgrade strategies

Review: Be forewarned -- there will be continual, irritating ploys to upgrade the product and purchase add-ons. A new one is the right to be able to download what you've just purchased for up to two years instead of jsut 60 days, which is added as an extra $5 unless you work around the selection. Very annoying. I will go out of my way to find another product next year.

User Rating: 9/10

Terrific Value

Pros: easy directions, comprehensive, logical interface

Cons: hitting the "back" key doesn't always get you where you want to go

Review: I had been using TurboTax for several years and was never totally happy with it. It missed an important limitation on my public employee pension and was a bit complicated with regard to my wife's home business. Tax Cut was a major improvement for us. It didn't miss a thing and I found it far more intuitive than TurboTax.

User Rating: 2/10

Terrible Support. Bugs in Program

Pros: Cheaper than TurboTax

Cons: Don't bother with support.

Review: I've been stuck with one part of their state interview and I cannot go forward because of this. Emailed support twice, and no response. I guess the 48 hour turnaround time to answer support questions is bogus. Why bother?

User Rating: 10/10

Tax cut found savers credit, turbo tax did not

Pros: Easy to use once I got used to the format

Cons: Not as user friendly as turbo tax

Review: I was pleased that tax cut found the savers credit. It was worth nearly 400 dollars to me. The interview took some getting used to but now I like it better

User Rating: 1/10

I wasted over 20 hours after completing my return

Pros: Ease of use

Cons: Support, e-file didn't work, program errors

Review: I have used H&R Block's software for 5 years and this is by far the worst version I have seen. E-filing didn't work because of an error on the IRS forms that I could not fix (I couldn't access them). I typically waited for over 2 hours to reach incompetent "support" people. I had to completely redo my taxes, I was charged twice and my taxes have still not been filed. I would stay as far away from this product as possible. I wasted my money.

User Rating: 3/10

Inadequate software - terrible support

Pros: Decent user interface

Cons: Errors in program

Review: I've switched back to TurboTax after trying TaxCut once. I found a clear arror in the program and was charged for calling their support line to discuss. I paid them to fix their software! Got nowhere trying to get a refund - wasn't worth the battle ofter a while. All that aside their support is among the worst I've experienced anywhere.

User Rating: 3/10

I tried this one last year. I'VE GONE BACK TO TURBO TAX

Pros: User info setup was simple. All instructions were easy to understand.

Cons: Program missed some financial info, and failed to warn of computation errors. Final results were not accurate per correspondence from the IRS to me.

Review: Before using Tax Cut last year I had been using Intuit's Turbo Tax Deluxe for years before that. I was not pleased with the Tax Cut program. It missed some necessary financial data I inputed for complete computations. Additionally, there were some conflicts I believe the program should have flagged me about. It took several times of my going over the figures before I felt all errors had been removed. I believe the software's double checking feature should have caught these questionable results, however, it failed to do so. After my tax forms were mailed in with the first installment payment I received a letter from the IRS telling me that my figures were wrong, and that I had actually overpaid them. Needless to say, I have gone back to Intuit's software this year. I doubt I will ever use H&R Block's software again. I just don't trust it.

User Rating: 3/10

Not usable, software incomplete

Pros: None product does not work in my situation

Cons: After rushing to file my taxes (required By callege financial aid) I found out I could not file using TaxCut because the software needs to be updated.

Review: This flaw will not affect most users but if you have SocialSecurity income you will not be able to file your return until mid February. Tax Cut software needs to be finalized and worksheets updated. Tax Cut was not helpful and said they did not receive updates from federal government. If Tac Cut did not receive these updates how is it possible for H&R block to flie these returns. I feel I ripped off. I do not think this product should even be sold without the updates available.

User Rating: 9/10

Without a doubt, good. Makes tax filing a walk in the par.k

Pros: Easy to use and follow. You can find your answers easily.

Cons: Akward to go back to a previous page.

Review:
Updated
This is my 3rd year to use TaxCut. I hated doing taxes before, but it's all most fun to use it. I also used a accountant before TaxCut. The first time I used TaxCut, I had already used my accountant, so I used the same information I gave her. We matched to the penny! Needless to say I do my own now. The E-file works great. Had my return back in 9 days.

User Rating: 9/10

Glad I bought it

Pros: Easy to use

Cons: None at all

Review: Used TurboTax past two years. Switched to HR Block's TaxCut this year and I am glad I did. It was as easy to use as TurboTax and the program was less expensive then TurboTax. I compared both products at WalMart's, saw that they were identical, but HR Block's TaxCut was half the price od TurboTax. Plus TaxCut offered a rebate on e-filing where TurboTax Didn't.

User Rating: 9/10

Excellent product

Pros: The tech support and tax preparation support are great.

Cons: Sometimes the questions would be confusing without an accounting background.

Review: I have used TaxCut for 5 years, and I have never had any problems getting help from either tech support or H & R Block. My son's taxes were set up on both TurboTax and TaxCut. TurboTax did not give him the childcare credit on his state filing like it should have. I gave them a 9 out of 10 only because I don't believe anything is perfect.

User Rating: 9/10

Best Tax Software Out

Pros: Easy to Use, Audit Protection for Free

Cons: Having to mail in Rebate for State Filing Fee

Review: I have used Tax Cut for 5 years now, and would never switch. As a commison only sales person it's expensive to get every tax break you can unless you can file on your own. But doing it on my own made me worry about getting audited. The Tax Cut software will tell you the average for people in my income range and if my claims are in danger of getting me audited, and that if I do get audited they will represent me. This assures me that I am getting every break I can without making any mistakes.

User Rating: 9/10

A solid choice for your taxes

Pros: Import from previous years; no activation nonsense

Cons: Going back to a previous part of the process can be confusing

Review: I've been a TaxCut user for many years now. The program keeps improving in small ways; cleanup of the interface and so forth. Going through the return in the order that TaxCut wants you to remains straightforward and easy to follow.

Going back to change a previous part of your return is the weakest part of TaxCut. You're sometimes forced to go through an entire set of question screens to change one number on the fifth one in the set.

Unlike TurboTax, TaxCut has never had any form of activation requirement. This is very important if you ever need to go back to a past year's return; you may no longer have the computer where you originally installed TaxCut, and being able to just install it without hassle is a major advantage.

Keep in mind that, if you have a complex return, choosing your tax software now is a choice that you'll pretty much be locked into for years to come. Carryover of data from the previous year, especially assets on which you have to manage depreciation, is a HUGE timesaver -- and one that you will lose if you switch to a different brand of software.

User Rating: 6/10

Does TaxCut spy on you?

Pros: easy to use

Cons: privacy concerns

Review: I have used TaxCut before and I liked it. But I noted their privacy statement this year and it really concerns me. Does this mean that they can spy on you even if you don't file your tax return through them?

p.s. From taxcut.com:
We may collect personal information when you prepare or electronically file your tax return using our Web-based or software-based tax program and services. This information, referred to in this policy as ?tax return information,? includes, for example, your name, address and certain other data such as your social security number, income and deductions data, and other information about you and your dependents that you provide to prepare or file your tax return.

About CNET Archive BETA

Welcome to the CNET Archive, a library of product reviews, user opinions, videos, specifications, and manufacturer descriptions for products no longer offered by the manufacturer or most retailers. Here you will find information on replacement parts and replacement ink cartridges. Read what others had to say about that used laptop you are considering buying. Take a trip down memory lane as you browse and reminisce about your favorite old video game or that first digital camera.

TaxCut Premium 2005 specifications

  • General
  • Category Business applications
  • Subcategory Business - commercial finance / tax preparation
  • License pricing Standard
  • Software
  • License Type Complete package
  • License Qty 1 user
  • License Pricing Standard
  • Platform Windows
  • Distribution Media Download , CD-ROM
  • Package Type Retail
  • System Requirements
  • Min Processor Type Intel Pentium 90 MHz
  • Peripheral / Interface Devices Modem , CD-ROM , Mouse or compatible device , SVGA monitor
  • System Requirements Details Microsoft Windows Millennium Edition - RAM 32.0 MB - HD 150.0 MB , Microsoft Windows 2000 , Microsoft Windows 98 , Microsoft Windows XP
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