Comment on TaxACT 2011 Ultimate Bundle [Download] Reviews by S Chap.
Why so unrecognized?,
This review is for the desktop PC version; I don’t recommend the online Web-based filing.
I’m really surprised TaxACT Deluxe is not the best-selling tax software. I guess they just don’t know how to market it properly. For the value received, the price is absurdly low. They basically give it away.
Tax law is pretty complicated and gets worse every year. How can you know what to enter in certain lines of your tax form?
TaxACT enforces the correct path by means of what they call the “Supporting Form”.
Type in a value; TaxACT will take you to “Open the supporting form”.
If you need more clarification, hit F2 and you will usually get some explanation.
You can also use their Question and Answer walkthrough to complete your return.
This is modeled on their Online E-Filing Web application, so there is some consistency there.
I find this rather tedious and I just go with the Forms directly. If you’ve been filing taxes for 20 years or more then you know the difference between a Schedule A and a Schedule D and you should know when your return is complete.
Novice tax filers may prefer the walk-through approach.
Now, does it take a long time to complete my return? Yes, I find I spend a tremendous number of hours to complete my tax return every year. The majority of that is hassling with 1099B’s from several brokers. TaxACT now has added support to import stock transactions from a text file (or files), which is an essential feature for any active investor.
This year, beside my own tax return, I had to prepare and file returns for my brother, my sister and her husband (filing separately), and my mother. TaxACT has it covered since you can e-file five times.
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