Manually performing all the calculations needed to file taxes can be very difficult. Computer software like TurboTax Premier 2016 can make this much easier.
Manually performing all the calculations needed to file taxes can be very difficult. Computer software like TurboTax Premier 2016 can make this much easier. Since the software performs these calculations for you, there’s no risk of making a costly mathematical error. The software won’t allow you to continue filing your tax return until you’ve dealt with any discrepancies.
You’re given the option of using a semi-guided preparation wizard and taking an interview. Whenever the software asks you a question it deems relevant, it continues to question you along the same lines. This makes it easy to deal with complicated situations involving amortization and depreciation. You’ll only be asked questions that are relevant to your situation because of the unique funnel approach that TurboTax takes.
If you have existing 1099 or W-2 forms, then TurboTax Premier 2016 can import these documents easily. You won’t have to generate forms from scratch either. If you use Intuit or another financial package to prepare these forms, then they’re already in a format that TurboTax Premier 2016 accepts.
Many aspects of the tax code are quite obscure. Whenever you’re answering a question that the software asks, you can push a button to learn more about the situation and any relevant tax laws. If you’re still unsure whether a specific situation applies to you, then you can read an article the software generates and determine how to answer. You can also connect with a certified tax expert who will provide advice through a chat function. They can even share their screen with you.
You can get the software for only $59.49, which comes with a free annual subscription to the TurboTax newsletter. If you sign up with the TurboTax advantage, then you can even get a discount on the software. The price is quite reasonable considering just how reliable the program is.
This mobile app review describes how to track your tax refund right from your mobile device and get your Turbo Tax refund status.
Whether or not you will end up paying taxes, you will most likely have to file an income tax return. The process used to be labor intensive and involved mailing a stack of papers to the IRS and patiently waiting for your refund. E-filing made the process a little faster, but you still had no way to track the status of your return once it was filed.
The new mobile app from TurboTax helps to address this problem. Rather than calling the help line at the IRS and then waiting on hold for minutes or even hours, tax filers can use the MyTaxRefund app from TurboTax to track the status of their refund check right from their mobile device.
The newest version for the TurboTax app is easy to navigate and will work if you have used TurboTax or some other service as long as you have filed electronically. Users of the app seem to agree that MyTaxRefund is a great tool as evidenced by the 3-star rating from iTunes and the 4.5 star rating in the Google Play app store from Android users.
Operating similar to the TurboTax online system, users provide their Social Security number and ZIP code to find out whether their tax filing is pending, accepted, or rejected.
An accepted status just means your initial submission passed the test of items the IRS looks for on all filings. If the status is pending, that means that your submission has not yet been received by the IRS. A rejected status, while not what you want to see, may be beneficial because you are able to fix whatever caused the rejection immediately. This is much better than waiting for a response in the U.S. mail only to find there was a issue. In most cases, filings are rejected because information is missing or there is a problem with the signature.
For the person who wants to file their taxes on their own, the whole process is getting easier and easier. The best part is that you can do it via your mobile phone.
Some might think that mobile tax filing is a little scary. But the whole process is easy to follow. You can do it too. TurboTax has apps that allow you to take a picture of your W2 and upload it to your tax return. Do this and follow other easy steps to complete the process.
Per VentureBeat by Sensor Tower, TurboTax made $560,000 in just one day during February,and this was just at the beginning of the tax season. Sensor Tower specializes in providing information about mobile app store data.
The money made with this app has continued to increase over the last three years. If the amount continues to go up, daily revenue could be in the millions by the April deadline.
On the flip side, H&R Block isn’t seeing that much in revenues, per Sensor Tower. When a representative from H&R was asked about this data, he answered by saying that H&R does not report its revenue data. He also claimed that Sensor Tower’s information was wrong. TurboTax did not comment about this data.
When it comes to customer satisfaction, TurboTax has received high ratings over all mobile devices. H&R Block’s ratings are not as high. Also, TurboTax has been reviewed more times.
TurboTax has decided to go mobile first, and this is helping them to gain more revenues. The mobile tax filing app is free to download for both TurboTax and H&R Block.