TurboTax Estimated Taxes Quarterly Income Tax Filer Win/Mac
April 10, 2010 by admin
Filed under Free Software
- Guides you through estimated taxes, step-by-step, quarter-by-quarter.
- Applies up-to-date tax laws to your situation.
- Calculates your quarterly payments according to IRS guidelines.
- E-files your quarterly payments for free, or prints them for mailing.
- 12 Month Online Service Subscription
Product Description
TurboTax Estimated Taxes is your complete estimated income tax solution, from figuring to filing. It helps eliminate tax-time surprises, penalties and fines…and minimizes under- and over-payments. Enjoy the relief, peace of mind and control that come from doing your quarterly estimated income taxes right: this online program guides you through estimated taxes, step-by-step, quarter-by-quarter, applying up-to-date tax laws and calculating your estimated payments. Y… More >>
I’m a contractor and don’t have taxes withheld throughout the year and I also have a part-time handyman business. It’s easy to forget to pay estimated taxes and it’s not something I like to do. I never really know if my payments make it to the IRS or if I’ll get a fine or penalty because of something I forgot to do.
I used TurboTax Estimated Taxes to file my final 2005 payment and was impressed. It was really easy to use and I got my information set up in minutes. It sent me an e-mail reminder before the deadline so I wouldn’t forget to pay (I won’t have to remember myself anymore). I e-filed my payment to the IRS which was really convenient, and got a confirmation number so I knew my payment made it there on time.
My contractor income is about the same every year but my handyman business income can fluctuate a bit. It’s a definite plus that I can transfer over my annual tax return from TurboTax to help me estimate this year’s payments in the product’s payment calculator.
Now I don’t have to worry about the “when, what, or where” of paying estimated taxes every again!
Rating: 4 / 5
I absolutely love using Turbotax for my taxes. I tried the chief competitor one year (stunk). I tried a tax professional (horrific, no understanding, fixed THEIR errors, and got charged extra for it). But TurboTax is consistently a great product.
The promoted estimated tax service online & the software are not well thought out and requires so much hacking that most people will likely give up and make a $0 “quick” estimate. I hope they don’t get penalized.
I have trained 1000s of people in software and other technology aspects so I am very comfortable with software. I am NOT comfortable with this software and I am strongly considering dumping the TurboTax I love and going to a local accountant that can make me comfortable about paying my quarterly estimate.
Rating: 1 / 5
Why bother with this, especially since it doesn’t even do the job? Filing estimated taxes is a simple matter. Download the fillable PDF (1040-ES or 1040-ESE) from irs.gov, the calculations are trivial (you can construct a simple excel sheet for them if you want to). And for electronic payment enroll in EFTPS at http://www.eftps.gov.
Rating: 1 / 5
When using Turbotax to prepare my taxes this year, the prep software advertised this program. I thought it might be a good idea to simply e-file my estimated taxes also. However, this software is not simple to use. It isn’t inutiative at all (no pun intended). The version I used is through inituit’s website via an account, not a program I install on my computer. Sometimes the website is busy, so the program is temporarly out of service. I had thought I’d set up my account to automatically schedule a reminder and pay from my checkbook. However, today when I checked (it’s time for the 2nd quarterly payment), I didn’t get a reminder. When I tried to manually efile, I instead had to manually print out the estimated form and send the payment in the old fashioned way because efiling requires an earlier stamp than a postmark. Before getting this service, it’s time to ask…”Do you really wish to make a simple process more complicated?” I wish I had said no.
Rating: 1 / 5
I’m a freelance designer for the first time and thought that this would be a great tool for estimating my taxes each quarter. How wrong I was!
First of all, most of the features are not updated. Also, it only does Federal taxes and not State, which it says: “Feature unavailable at this time.” In fact, I saw that on a number of these promised features and made me feel that my money is pretty much wasted.
At this writing, I am gathering up my information to take to H&R Block. I feel so insecure about using this software that I don’t trust it. I plan on writing them a letter of complaint and then seeing if I can get my money back.
My recommendation: Try another method.
Rating: 1 / 5