Turbotax review 200811/12/2023 ![]() We’ve also seen the largest number of audits since 1998. ![]() Recently, the IRS got stricter and ended up auditing over 1.3 million individual tax returns in one year, which resulted in a 7% jump in audited returns between the years 20. As expected, the application also carries over any tax information from previous years that you may need in the current year. I’ve asked three questions this year, and within a few hours received extremely helpful answers from other TurboTax users who pointed me in the right direction.įor online TurboTax, tax returns you’ve entered will remain available for future access and use. As you use the software to enter tax information and answer questions, you’re also given the option to submit questions to the TurboTax community and to receive help if something doesn’t make sense to you. Your responses are then automatically entered into the right tax forms (such as the 1040, 1040A and 1040EZ). The software guides you through the process of filling up your tax return by asking you a series of questions. E-filing typically results in consumers receiving their tax refunds in about eight days. Federal e-filing is included in the price of your TurboTax software, but you do pay an additional fee to e-file your state taxes. With any version, you can either choose to e-file your taxes and submit them electronically once you have finished entering all of your information, or you can print and mail them. Here’s where you can get additional details on TurboTax products. Home & Business offers sole proprietors, consultants, and single owner LLC businesses an easy way to file both personal and business taxes Desktop or Online.Premier is designed for people with investments or rental property Desktop or Online. ![]() Deluxe is for people who own a home, who make charitable donations and have medical expenses, etc. ![]()
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