TurboTax Home & Business Federal + State 2007 [OLD VERSION]
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Taxes Made Easy. Taxes Done Right.
Product Information
TurboTax Federal + State Home & Business2007 is for both personal and small business returns. It guides you step-by-step and checks for errors asking you question in plain English then puts your answers on IRS- and state-approved forms, double checks your return for errors, and thenalerts you to audit risks to help you reduce your chance of an audit.
It covers deductions, investments and rental income walking you through over 350 possible deductions based on your income, family and filing status. It also guidesyou through sales of stocks, bonds, mutual funds and employee stock plans. Accurately report rental property income and maximize rental property deductions.
Maximize business deductions with help on simple income and expenseentries. Maximize business deductions including home office, vehicle expenses, supplies and more. It provides industry-specific guidance to help you spot overlooked deductions.
- Vehicle Expenses
- Supplies
- Large Purchases (assets)
- Utilities
- Advertising
- Home Office
- Office Expenses
- Start-up Costs
- and more!
Ideal for Schedule C businesses, sole proprietors,self-employed, consultants and contractors, and single-owner LLCs. TurboTax Federal + State Home & Business also includes everything in TurboTax Premier.
New Features
- Get live answers online fromTurboTax experts and other TurboTax users
- Audi Risk Meter helps you reduce your chance of an audit
- Easily import W-2 and 1099 information from over 100,000 companies
- ItsDeductible helpsaccurately value charitable donated items
- Cost Basis Lookup quickly tracks and cal and then update cheapest prices immediately. Limited time Only!
TurboTax Home & Business Federal + State 2007 [OLD VERSION] Feature
- Includes everything you need for your self-employment and personal income taxes
- Expanded interview guides you step-by-step through schedule C to help maximize business expenses, home office deductions, depreciation and more
- Creates W-2 and 1099-MISC forms for your employees and contractors
- Shows you your maximum depreciation method
- Includes over 60 categories of business deductions
TurboTax Home & Business Federal + State 2007 [OLD VERSION] Specification
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TurboTax Home & Business Federal + State 2007 lets you finish all of your taxes at once, with both federal and state returns for you and your business. File as many returns as you need, there’s no limit!Discover 60 Groups of Business Deductions
From home office to travel to advertising, TurboTax Home & Business reveals every deduction for your situation. Sit back while we maximize your refund – guaranteed.Find Your Most Profitable Depreciation Method
Home & Business walks you through reporting depreciation of business assets. We even show which depreciation method gets you the biggest deduction.View Deductions by Industry
When you sell investments, TurboTax Home & Business helps you accurately report your profit. Even if you bought shares at different times, Home & Business finds your exact purchase price in just 3 easy steps.Discover What You’re Missing
Know what your competition deducts? We list tax write-offs by industry so you don’t miss out on money you’re entitled to.Reveals More Than 350 Deductions for Personal Taxes
Watch as we search your return for over 350 deductions, including mortgage interest, donations, and education.Find Over 20 Deductions for Landlords
From travel to insurance, Home & Business uncovers every deduction for your rental property. Take a break while we do the handy work.Keep Your Taxable Profit Low
When you sell investments, TurboTax Home & Business finds your exact purchase price in just 3 easy steps.Discover What You’re Missing
Know what your competition deducts? We list tax write-offs by industry so you don’t miss out on money you’re entitled to.Choose Easy
INCLUDED. Easily Prepare W-2 and 1099 Forms
TurboTax Home & Business helps you prepare unlimited forms for employees and contractors. We do the math, so it’s 100% accurate – guaranteed.NEW. Reduce Your Risk of an Audit
Take comfort. TurboTax Home & Business shows you how unlikely your return is to catch the IRS’ attention. We arm you with proof to help protect you from any IRS penalties.Quickly Enter Business Expenses
Detailed records or not, TurboTax makes your taxes easy. We’ll guide you through each expense category. Or you can enter your expenses on one screen, line by line.Import from TurboTax Estimated Taxes
Save time. Import your quarterly tax payments into your return – instantly.INCLUDED. Prepare Your State Return
Watch your federal info instantly transfer into TurboTax State. You’ll be half finished before you even start your state return.Prepare taxes for one or multiple business – there’s no limit.
Explore Over 100 Deductions for Life Changes
If you started working for yourself this year, congratulations. We’ll handle your new situation upfront so you can finish your return with confidence. Here’s how:
Became Self-Employed
As a sole proprietor, consultant, 1099 contractor, or single-owner of an LLC, the IRS will tax you in a whole new way. Don’t worry. TurboTax Home & Business makes your new tax situation easy.We walk you through reporting your profit or – dare we say – loss, providing expert guidance along the way. Then we introduce you to more than 60 categories of write-offs, including home office and entertainment expenses.
TurboTax Home & Business also handles buying a home, selling your home, getting married, having a baby, selling investments, retiring, and benefiting from an estate or trust.
Join the Millions Who Trust TurboTax
Relax. TurboTax is dedicated to protecting your personal and financial information. From the most advanced technology to our relentless Privacy Team, we have you covered.
Your Information Travels Safely
We protect your info like the Department of Defense protects theirs. Before you eFile, TurboTax encodes your information with the most advanced encryption technology. Only our computers can decode it, so you don’t have to worry about unapproved viewers.Your Computer Stores Your Information
After you eFile, rest assured only you can access your return. TurboTax CD and Download products store your information right on your computer. You control it.Our Commitment to You
Our Privacy Team’s only job is to guard you and your information.Tax Forms
It’s not as bad as it looks. Here are just some of the forms that TurboTax Home & Business fills out for you:- Form 1040 Individual Income Tax Return
- Form 1040A Individual Income Short Form
- Form 1040EZ Individual Income Tax Return EZ
- Form 1040-V Payment Vouchers
- Form 1040X Amended Individual Tax Return
- Form 1099-DIV Dividend Income Worksheet
- Form 1099-G Certain Government Payments
- Form 1099-INT Interest Income Worksheet
- Form 1099-MISC Miscellaneous Income Worksheet
- Form 1099-MSA Medical Savings Account Distribution
- Form 1099-OID Original Issue Discount
- Form 1099-Q Qualified Education Program Payments
- Form 1099-R Distributions from Retirement Plans Worksheet
- Form 1116 Foreign Tax Credit
- Form 1310 Stmt of Person Claiming Refund
- Form 2106 Employee Business Expenses
- Form 2120 Multiple Support Declaration
- Form 2210 Underpayment of Estimated Tax
- Form 2210AI Annualized Income
- Form 2441 Child and Dependent Care Expenses
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