Why Tax Software And E File Are Easier Than Ever Article
April 22, 2009 by Taxcut Editor
Filed under Uncategorized
Why Tax Software and E-file are Easier than Ever
Zilker Ventures, LLC announces the launch of Tax-Compare.com, a comparison and review website for online tax services.
Tax software and electronic tax filing (e-filing) have astoundingly revolutionized the way we do our taxes.Gone are the days of hunkering down in a mess of file folders and paper receipts, of arriving to the post office late and stressed.
According to the IRS, in 2007 a record-breaking 76.7 million individual tax filers “22.5 million filing from home” delivered their forms electronically. Numbering 2.5 million more than last year, these tax e-filers have virtually overshadowed the few of those still living in the Paper Age of taxes.
We have tax preparation software to thank. The Urban Institute states that about 87% of self-prepared tax returns were prepared with the aid of tax software. Since 2003, more and more people have discovered tax software products, which simplify and accelerate the process of preparing taxes. Efficient and relatively low in cost, tax software products provide step-by-step navigation through the often daunting tax preparation process.
Offering to pay penalties from the IRS for a faulty return, tax software providers assure people that they have nothing to lose by trying the service. And yet, 13% of individual taxpayers have not used tax software, according to the IRS. Perhaps this group consists of CPAs, rare math whizzes or those simply unaware of the advantages and details of the differing tax software services.
Now, those who have not tried tax software, as well as those who have, will no longer have to spend time researching information on tax software and its advantages. Tax-compare.com is a site that affords them no excuses A self-proclaimed apples to apples comparison of tax software, the website gives a detailed list of product specifications and advantages, along with reviews that will help buyers in selecting the product that is right for them.
The reviews are based on key characteristics of tax preparation software, which include:
Accuracy: Any tax software product checks for errors. Accuracy is important because mistakes waste time (require an audit) and are expensive money (IRS fee) and generally withhold the tax payer’s refund. Help with deductions: Tax software supplies tax payers with knowledge of maximizing deductions. More deductions equal more savings. Affordability: Standard plans can be as low as $15-$20 for the most basic services.
Market leaders such as TurboTax, TaxCut, TaxBrain, and TaxAct (all IRS authorized e-file providers) excel at providing the features listed above. They also include customer support services and payment of IRS penalties, among other benefits.
Even with the information available from Tax-compare.com and tax software tools some people will choose to hire an accountant But hiring an accountant can often be more expensive than self-preparation and is generally not recommended.
For the rest of us, however, using tax software and E-file is an easy choice. We will save time, money, and even trees by doing it ourselves.
For additional information regarding online tax services, visit www.Tax-Compare.com.
Zilker Ventures, LLC is a web publisher that consolidates information and reviews various business and financial products.
———- Contact:
Jen Udan Zilker Ventures, LLC pr@zilkerventures.com http://www.zilkerventures.com
Gaines Kilpatrick, CEO Zilker Ventures, LLC (512) 448-9031
About the Author
Jen Udan has researched and reviewed many of the latest products, services and technologies affecting both businesses and consumers today. She writes to unveil the truth about what’s on the market and about the applications of new business tools. Her reviews have appeared on various websites, such as Email-marketing-options.com. She is interested in anything programmed, categorized and easily referenced.
Better Business Award GOLD Star to New Century Tax Consultants, our team of Expert Attorneys, CPA's, and Tax Practitioners.
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