Tax Filing Online | Do It Smart
Tax Filing Online? It’s Easy if You Do It Smart
Tax filing online is pretty much a given. Compared to other methods of income tax preparation, it’s not only the fastest, but the easiest way as well.
For sure, it’s a lot more secure that mailing in a paper return. Due to that reason alone, the number of individuals that switch to online tax filing, are increasing every year.
Plus, wouldn’t you rather be able to sit at your computer when it’s convenient for you instead of taking your records to a tax preparer?
Tax filing online is a no brainer. All that you need to do is to use a copy of your prior year tax return as a guide. For most individuals, tax forms such as W-2’s and bank interest, etc., don’t change all that much from year to year.
Compare what you have for the current year to the prior year, and normally you won’t forget anything. Doing it that way will give you a more satisfying experience.
[bctt tweet=”Tax filing online is more accurate than filing a paper return.” username=”FileTaxOnline”]Filing a paper return has a higher chance of making errors too, and these can be very costly. We all know too, that with the ever-changing tax laws, there’s no way the average taxpayer can keep up.
But you don’t have to worry about all of those changes. Our tax filing online site at 1040.com does all this for you. The site is owned by a national tax software developer who updates the program throughout the day, as any IRS changes take place.
This same firm provides intuitive tax software to over 30,000 accounting and tax preparation firms on a national basis, including our practice.
We’ve been with these folks for over ten years, and they have one of the best and most sophisticated online tax filing programs around. The same program is used at the 1040.com site, and we’re proud to be partnering with them to offer this service.
One example for tax filing online compared to filing a paper return – Do you know every tax credit or deduction that you’re eligible for? These items are tossed around by Congress every year like a bouncing ball.
They extend some, change others, or simply cancel a credit. It can be a veritable nightmare if you have to remember them all.
If you have a fairly simple return, such as W-2’s, bank interest, and itemized deductions, and went to a CPA to have your return prepared, the cost might shock you. Depending on the area of the country where you live, your fee would be in the range of $250.00 to $700.00.
Compare those fees to our maximum $39.95 fee that also includes free e-filing, and the difference blows your mind. Going to the CPA also involves two trips to his office. Not a very good option unless your return is highly complicated.
Tax filing online is really the best way to go. If this is your first time, it may seem a bit daunting, but as you get settled in, it is very easy. Answer the simple interview questions, and this fantastic software program will literally prepare your return for you.
From your answers to the questions, it will know every form that you need. It will present you a copy of certain forms such as a W-2 and request that you fill in the information from your original form sent to you. Quite simple actually.
As soon as you enter the information from your tax forms, our program does a comprehensive review and calculates every deduction and tax credit that you are eligible for. It doesn’t get any easier than that!
The next step is for you to review your return to make sure that you entered the information correctly and didn’t miss anything. Once that is done, you pay for the return and then e-file it to the IRS and your resident state.
Our program will always calculate and file the lowest cost return for you. There really is no comparison to our low fee and the CPA fees illustrated earlier in the article. So why not give tax filing online a try yourself?