Filing your taxes on line; or e-filing as it is called, is the easiest and quickest way to get your tax return completed.
The first place to check for information on e-filing is at the Internal Revenue Service (IRS) website, www.irs.gov/efile. This page will let you look up information whether you are an individual taxpayer, self-employed taxpayer, small corporation or charitable organization among others.
It is also possible by following the link on this page that, if you are an individual taxpayer with an Adjusted Gross Income (AGI) of $52,000 or less in 2006 (Amount could change in 2007), you may be able to e-file for free. This is thanks to a partnership between the IRS and the Free File Alliance LLC. Be sure to check each companies link for their criteria to see if you qualify for free filing using their program.
By doing an internet search with the keywords “Tax preparation software” you can amass a wealth of information from companies offering software to use to file your taxes. There are many tax programs out there but the most common are Tax-Cut and Turbo Tax. These are both good programs and simple to navigate. Both are normally available at retailers such as Wal-Mart, K-Mart, Office Depot and other fine stores as well as on-line.
My preference is Tax-Cut from H&R Block. The main reason being is that it comes with all the IRS forms one would need for an individual, or small business return and also has the forms to report overseas earnings. With Turbo-Tax, according to their website you have to purchase the program with the correct forms in it. Although for a simple 1040-EZ or 1040-A their program is free on the internet. Though be it free it is more wise to purchase their program.
There are deductions that many individual’s qualify for but do not take because they are not aware of them. With these tax programs it will let you enter information for all deductions and then let you know if you are able to take the deduction. If you are eligible for the deduction it fills in the correct forms for you.
This tax software is amazingly easy to navigate and is very user friendly with its ease of operation. All the user has to do is turn it on and start answering questions and the software will tell you what you need to do. It doesn’t matter how complicated your taxes, tax cut will fill out all the forms and all you have to do is fill in the blanks on the screen. After you have completed your return tax cut will do an error check to see if anything is amiss. If so you will be prompted to correct the entries.
With this tax preparation software you are also eligible for audit support. These programs are so precise that the companies who create them, like H&R Block, stand behind the calculations in the program itself. All you have to do is enter the correct numbers and information the software calls for.
If you e-file you could receive your tax return in as little as two weeks with direct deposit. So, save some money and time; e-file your tax return yourself.
For more information on the programs mentioned visit www.taxcut.com, www.turbotax.com, or www.irs.gov