Cheap TaxCut Premium 2003 (Software) (Windows 95, Windows 98, Windows NT, Windows 2000, Windows Me, Windows XP) Price
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$37.95
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| PLATFORM: | Windows 95, Windows 98, Windows NT, Windows 2000, Windows Me, Windows XP |
| CATEGORY: | Software |
| MANUFACTURER: | HR Block Financial |
| FEATURES: | Includes everything in Deluxe plus additional features, Optimize tax benefits from home ownership and sales and rental property, Tax-saving tips on investments, stock gains/losses, and deductions, Retirement planning and choosing between traditional and Roth IRA, Free after rebate: advice from H&R Block, TaxCut State, e-filing |
| TYPE: | Computer software (programs), Tax Preparation (Taxes), Accounting (Account) |
| MEDIA: | CD-ROM |
| # OF MEDIA: | 1 |
| UPC: | 735290101075 |
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Customer Reviews of TaxCut Premium 2003
TaxCut is not flawless, rebates center loses documentation I will avoid TaxCut in the future.
I have always done my taxes by hand, however this year I wanted to take advantage of electronic filing, so I researched programs that would allow me to efile.
I chose TaxCut premium in 2003 for the following reasons:
1) Rebate was available on the for state efile fees.
2) Rebate was available to get State program free.
3) Premium was advertised to include a "Stock Option Advisor".
4) I use Microsoft Money to manage finances and TaxCut seemed to have a good relationship with Microsoft, so thought it would simply importing my tax information.
Without these four reasons, I would not have bought TaxCut.... and all four reasons proved to be invalid.
1) The rebate for state efile fee required me to fill out forms and mail in via snail mail. It was slow and did not cover 100% of filing fees as advertised.
2) The rebate for State version of TaxCut, I mailed in my original box cover with UPC code, filled in the rebate form and provided copy of my purchase receipt as instructed, but they lost the box top.. returned the rebate form to me demanding that I mail in the original box cover with UPC code (which I no longer had, because they lost it). Then when I email them with my complaint, they reply by asking me to send in the original box cover with UPC code... obviously they don't read their mail.
3) The "Stock Option Advisor" consisted of two paragraphs of common sense followed by a referal to read IRS Pub 525 for more information. Completely worthless, and false advertising if you ask me.
4) Finally, TaxCut imported my IRA information incorrectly from Money (treated as Traditional IRA instead of Roth IRA)... It was trying to tell me I owed a penalty for putting too much into IRA's... the program thought I had put $6000 into an IRA rather than just $3000... I knew it was wrong, but it took me at least an hour to find the error and correct it. So much for simplifying my taxes.
That said, these were all the problems I experienced. Everything else worked fine, but considering every reason for buying it in the first place was eliminated, I would never recommend TaxCut to anyone... In fact, I recommeded avoiding it.
Missing Forms
I've bought Turbo tax in 2001 & 2002. I didn't like the policy of Turbo Tax 2002 with a registration to a single computer. So this year I decided to buy TaxCut Premium and TaxCut State (CA). My experience was positive until I had to enter ESPP stock sales (the process is much more manual then TurboTax). The real problem however was that not only was TaxCut State (CA) not going to help fill out form 3510 (amt related form) but the program didn't even have the form. I contacted customer services and got the following reply: "When you purchase TaxCut there is a listing of forms available on the box or before the download to inform you whether or not this piece of software is appropriate for you. In this instance, the form that you need is in the business software."
The Premium package states "NEW! Alternative Minimum Tax Estimate and reduce your alternative minimum tax exposure." But they clearly don't have a clue.
So unless your tax is very simple don't take a chance. Buy TurboTax, they have all the forms and will help you fill them out
Serious bug found!
Apparently this software was tested by monkeys, and not even smart monkeys like capuchins. It was probably cheaper spider monkeys.
I spent several hours fighting with this software and *4* tickets were logged with tech support before I discovered a bug they didn't know about. The software lets you open an IRA automatically ("Express IRA" option) if it benefits you. If the amount of your refund exceeds the amount for the IRA, the software will send your refund to Taxcut's affiliated bank. That bank will open your IRA and send you the balance of your refund.
DO NOT CHOOSE THIS OPTION!!!!!!
The routing number it puts in is WRONG and will cause your electronic filing to be REJECTED by the IRS. It also corrupts the saved file for your return so you can't even open it to find out WHY your return was rejected.
This option was obviously added after lunch on banana day in the taxcut cafeteria, when the testing monkeys are usually drowsy.