Intuit kicks off tax season by shipping final version of TurboTax for 1996; featuring improved interface and more advice to make preparing taxes easier.SAN DIEGO--(BUSINESS WIRE)--Jan. 6, 1997--Do you dream of deductions? Does audit angst angst 1 n. A feeling of anxiety or apprehension often accompanied by depression. angst 2 abbr. angstrom give you insomnia insomnia, abnormal wakefulness or inability to sleep. The condition may result from illness or physical discomfort, or it may be caused by stimulants such as coffee or drugs. However, frequently some psychological factor, such as worry or tension, is the cause. ? Season's greetings from Uncle Sam Uncle Sam, name used to designate the U.S. government. The term arose in the War of 1812 and seems at first to have been used derisively by those opposed to the war. Possibly it was an expansion of the letters "U.S. . To help Americans through the trials and tribulations of tax season, Intuit in·tu·it tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :INTU INTU Intuit, Inc. (stock abbreviation, AMEX) ) Monday announced it has shipped the final version of TurboTax and MacInTax for 1996, America's best- selling tax preparation software. This year TurboTax has product enhancements that help users better understand their specific tax situations, while saving them time and money. TurboTax has simplified the arduous task of preparing taxes with the EasyStep interview, pioneered by Intuit. This feature combines simple, easy-to-understand questions with customized advice that guide users through the entire tax preparation process, making the task of preparing returns efficient, simple, educational and accurate. This year's enhancements include: "Where am I?" -- allows users to easily navigate through the program and track their progress through the process of completing their tax return. Smart Final Review -- checks the return for errors and provides customized helpful hints, planning tips and money-saving suggestions. Final Review also includes a new U.S. Averages Comparison to let users compare how their tax return measures up to other filers in the same tax bracket Tax Bracket The rate at which an individual is taxed due to a particular income level. Notes: Each income class is taxed at a different level. Generally, the more you make the more you are taxed. . State Interview -- works the same way as the EasyStep interview in the federal program, guiding users through their state tax preparation process with a question and answer session. Versions of TurboTax and MacInTax for State are available for all 45 states that require an income tax return to be filed, more than any other personal tax preparation software on the market today. Intelligent Interview -- asks users questions targeted specifically to their tax situation and gives examples using their tax data. "With TurboTax, our goal is to make the most daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin of personal finance tasks -- preparing a complete, accurate tax return -- quick and easy for our customers," said Scott Cook Scott Cook (Intuit, Inc.), HBS 1976, started his career at Procter & Gamble, where he learned about product development, market research, and marketing. He soon began using the insights he was learning there to look for an idea for a company of his own. , Intuit chairman. "This year, TurboTax offers new and improved features to help customers get through their taxes faster and with more tax advice to help them save more money." Time Savings From confusing IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. lingo Lingo - An animation scripting language. [MacroMind Director V3.0 Interactivity Manual, MacroMind 1991]. to knowing what forms to use, preparing an income tax return is time consuming. TurboTax and MacInTax cut tax preparation time in half (a), according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. customer surveys. These new time-saving features will make completing the tax return even faster: Transfer Report -- users who transfer information from last year's return can review data and delete obsolete forms, such as outdated employer or bank information, before it is transferred to this year's return. Forms Editing -- allows for simple changes to be made directly on the form view at the bottom of the EasyStep interview, helping to speed the tax preparation process. TaxLink -- allows user to import data from Quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business. or QuickBooks. This integration between tax and accounting products offers huge time savings and helps give users better control over their finances. Users can also import data from other personal finance programs using the TXF TXF The X Files TXF Transactional File System TXF Transactional Ntfs TXF Tax Exchange Format format. Personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. Tax Advice This year, users will benefit from even more personalized tax-saving advice. TurboTax and MacInTax customers have come to rely on the "personal accountant" approach to giving accurate, timely and in-depth tax advice and help. In addition to the Tax Advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in , which gives users custom tax advice as they complete their return, TurboTax Deluxe and MacInTax Deluxe (CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). version) users can benefit from more advice and information that's found in thousands of pages of on-screen on·screen or on-screen adj. & adv. 1. As shown on a movie, television, or display screen. 2. Within public view; in public. , full-text reference materials. These on-screen references are linked to the interview, making TurboTax the only tax software program that will automatically take users to the relevant advice references to learn more about the options they have to improve their tax situation. TurboTax Deluxe for 1996 includes more than 30 official IRS publications, the latest versions of Jeff Schnepper's book, "How to Pay Zero Taxes," filled with dozens of tax-reducing strategies; and "The Money Income Tax Handbook" by Mary Sprouse, tax accountant and former IRS auditor. TurboTax Deluxe also includes a Video Library for easy access to the wealth of video advice from two leading tax experts and Tax Strategies, which gives answers to the toughest tax questions and offers tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. strategies and information. TurboTax Deluxe and MacInTax Deluxe feature a new Tax Planner to help users save on next year's taxes. Tax Planner gives users the ability to create different scenarios and determine which plan would best suit their individual needs through a "What-If" analysis. And, to help users get a better grasp of how much they owe or of how much of a refund to expect, TurboTax features a Refund Monitor, which is displayed on the top of the screen at all times. Integrated Internet Access See how to access the Internet. Final editions of TurboTax and TurboTax Deluxe will be bundled with the Intuit edition of Netscape Navigator An earlier Web browser for Windows, Macintosh and X Windows from Netscape that provided secure transmission over the Internet. Soon after its introduction in 1994, Navigator, or just "Netscape," as it was commonly called, quickly became the leading browser on the Web. version 2.1 to provide free access to Intuit's Web site. The TurboTax area of the Intuit Web site features: Product Updates -- Intuit will make available updates to the TurboTax products as needed as needed prn. See prn order. on the TurboTax Web page. Users can take advantage of a new update feature in TurboTax where the program determines whether an update is necessary and allows the user to quickly download it "Download It" is Clea's debut single. It was released in the UK on September 22, 2003 and missed the top 20 charting at #21. The single had average promotion, being performed in shows like Top of the Pops. from the Web. Technical Support Knowledge Base Frequently Asked Questions (FAQs) -- customers can search through hundreds of FAQs on a variety of technical support issues to make using TurboTax easier and more effective. Personal Loans -- through a special arrangement with Beneficial National Bank, users can access a special Web site that will allow them to apply for a personal loan over the Internet. Users can use this service to apply for and secure a loan, and receive a response within two minutes which can be used to pay for an unanticipated tax bill or to fund an IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. contribution before the April 15 tax deadline. Download States -- users can purchase and download state programs directly to their PCs in a matter of minutes A Matter of Minutes is an episode from the television series The New Twilight Zone. Cast
Tax Center -- updated continuously, Tax Center gives users anytime, anywhere access to free, comprehensive personal and business tax information. Tax Center, a new offering from the Quicken Financial Network (http://www.qfn.com/taxcenter), provides a wealth of tax information, including tax calendars with filing deadlines, tips for surviving an audit, helpful hints for homeowners, legal tax shelters tax shelter: see tax exemption. and a helpful business tax guide. Expanded Final Review Unanimously touted by Intuit customers in postseason surveys as one of their favorite features of TurboTax and MacInTax, the Final Review checks the user's return for missed deductions, areas which might trigger an audit, and other errors, in addition to giving more personalized tax advice and tips for next year. TurboTax Final version will also include a "Check For Updates" feature in the Final Review that will check the Web site and alert customers to any changes in the program which might affect their tax return. By going to the TurboTax Web site, they can check to see if these changes apply to them, and if so, download patches or quick workarounds. If a customer does not have access to the Internet, Intuit offers three additional ways to gather this information and order patches: a new 800 number Voice Response Unit (800/685-7369), an 800 number Fax-Back information line (800/766-5034), and -- as in years past -- a comprehensive mailing is sent to all registered users detailing any product changes and how the user can obtain product fixes should the changes pertain to pertain to verb relate to, concern, refer to, regard, be part of, belong to, apply to, bear on, befit, be relevant to, be appropriate to, appertain to their tax situation. 100 Percent Accuracy Guaranteed Intuit guarantees that its TurboTax software (Federal and State versions) calculations are accurate, having undergone in-depth testing with more than 100 experienced tax analysts. In the unlikely event that users are assessed an IRS penalty due to a calculation error in the software, Intuit will pay the penalty plus any interest that may be charged. A dedicated customer support staff is available to offer free and knowledgeable support to customers regarding their order, product information and technical questions. Intuit also offers its customers referrals to professional tax preparers who are members of Intuit's Financial Professional Network and who use the professional version of TurboTax. Pricing & Availability The final versions of TurboTax, TurboTax Deluxe, MacInTax and MacInTax Deluxe are available now and include the final approved IRS forms which can be filed electronically or by mail. Anticipated street prices are $34.95 for TurboTax and MacInTax, and $49.95 for TurboTax Deluxe and MacInTax Deluxe. Users who bought the HeadStart version and registered their product will automatically be shipped the Final version. State versions are available for $24.95. Users who file their taxes electronically through Intuit's service with the Final version, pay a $9.95 filing fee, a 35 percent savings over last year. This year, the electronic filing process has been simplified with a new electronic acknowledgment acknowledgment, in law, formal declaration or admission by a person who executed an instrument (e.g., a will or a deed) that the instrument is his. The acknowledgment is made before a court, a notary public, or any other authorized person. feature which allows users who have filed electronically to check the status of their filed return at any time. Consumers can purchase final Federal and State versions at their local computer software retailer or directly from Intuit by calling 800/4-INTUIT (446-8848) or writing to: Intuit Inc., Personal Order Department, 2650 Elvira Road, Suite 100, Tucson, Ariz. 85706. In addition, state modules can be purchased and downloaded from Intuit's Web site: http://www.intuit.com/turbotax/ . About Intuit Intuit, a financial software and Web-based services company, develops and markets Quicken, the leading personal finance software; TurboTax, the best-selling best·sell·er also best seller n. A product, such as a book, that is among those sold in the largest numbers. best tax preparation software; and QuickBooks, the most popular small business accounting software. Intuit's Quicken Financial Network (http://www.qfn.com) offers a variety of news, information and market spaces including the No. 1 mutual fund Web site, NETworth.galt.com, and the most dynamic personal insurance Web site, Quicken InsureMarket. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses. In addition, Intuit's systems and solutions provide many of the nation's leading financial service providers with communication, sales and marketing opportunities that deliver new customers, better serve existing customers and lower costs. -0- (a) When compared with preparing a tax return manually. NOTE: Intuit, Quicken, QuickBooks, ProSeries, TurboTax, MacInTax and EasyStep are registered trademarks of Intuit Inc. Quicken Family Lawyer, Quicken Financial Planner Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. , Pocket Quicken, Quicken Home Inventory, Quicken Quotes, QuickFill, QuickBooks Pro, QuickPay, ExpensAble, Intuit Marketplace, InsureMarket and Investor Insight are trademarks or service marks of Intuit Inc. NETworth is a registered trademark of GALT Technologies Inc. All other trademarks are property of their respective owners. -0-
TurboTax and MacInTax System Requirements
TurboTax TurboTax Deluxe
Minimum Memory 4MB 8MB
(8MB
recommended)
Processor 386SX or greater 33MHz 486DX or greater
(386DX recommended)
Operating
Systems
Supported Windows 95, Windows Windows 95
3.1, Windows for Windows 3.1,
Workgroups Windows for
Workgroups
Monitor Type VGA SVGA
- Resolution
- Number of
Colors 256 colors
Floppy 3.5-inch high density
CD-ROM 2X CD-ROM
(double speed)
Other SoundBlaster-
compatible sound
card, speakers
-0-
MacInTax MacInTax Deluxe
Minimum Memory 4MB, 6MB for 8MB
System 7.5
Processor 68030 or greater; 68030 or greater;
PowerPC PowerPC
Operating
Systems
Supported System 7.0 or higher System 7.0 or higher
Monitor Type
- Resolution 512 x 384 or higher
- Number of
Colors 256 colors
Floppy 3.5-inch high density
CD-ROM 2X CD-ROM
(double speed)
Other
CONTACT: Intuit Inc. Tracy Benelli, 619/784-4482 tracy_benelli@intuit.com or Manning, Selvage selvage - chad & Lee Wendy Schechter, 212/213-0909 wschecht@mslpr.com |
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