Open TAX2012 File

The TAX2012 file extension is primarily associated with TurboTax, a tax preparation software package developed by Intuit. As the name suggests, this particular file format was used for tax data during the 2012 tax year. It consists of forms, tax data and accompanying information that the software uses to automate the process of filing your taxes.

TurboTax and the TAX2012 File Format

The main tool you'd use to open a TAX2012 file is TurboTax software. This program utilizes TAX2012 files to provide an easy way for users to complete and submit their tax forms. Generally, to open a TAX2012 file, you simply need to have TurboTax (the same version year as the file or later) installed on your computer. From the File menu, select Open and navigate to your TAX2012 file.

Converting TAX2012 Files

Sometimes, you may need to convert a TAX2012 file to another format. This is a useful option if you switch to a different tax preparation software or want to share your tax data with your accountant in a format that they can open. TurboTax allows you to save your TAX2012 files as PDFs, which can be opened by any device with a PDF reader.

Compatibility and Usage Tips

It's important to note that TAX2012 files can only be fully accessed and edited with TurboTax 2012 software. There are risks associated with using outdated tax software, as tax laws change each year. Therefore, using TAX2012 files with newer software may result in discrepancies. An advisory on the TurboTax website suggests acquiring the TurboTax software version that correlates with your file's tax year for best results.

TAX2012 File Important Information

Beyond using and converting TAX2012 files, one of the key things to remember is the importance of managing and preserving these files. Two main reasons to keep these files are they can greatly simplify the process of completing future year's taxes and they are demanded by some organizations like lenders or state agencies. In addition, backed up copies should be placed in a secure location due to the sensitive nature of the information they contain.