Finances and Work Tax Aide Does Electronic Tax Preparation Make Sense for Today's Seniors?
Does Electronic Tax Preparation Make Sense for Today's Seniors? |
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| Tuesday, 03 March 2009 15:56 |
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Not everyone should use electronic tax software to prepare their taxes. If your taxes are simple, you don't need to bother. On the other hand, if you're not confident in your ability to make sense of the tax code or had an eventful year for tax purposes, you might consider hiring a tax professional. But if you know your way around a tax return, you might look into the major tax preparation programs. There is, however, an upfront investment of time before you can start: both the major programs, Intuit's TurboTax and H&R Block's TaxCut, begin with an information-gathering interview. Once you make that commitment, you can count on the program to prepare a return without typos or arithmetic mistakes, a real plus that reduces your chance of being audited. Another benefit: you won't have to spend any time tracking down the tax forms you need, as these programs generate them as necessary. In addition, most software packages also give you the option of printing out the return and mailing it to the IRS or filing it electronically for an additional fee.Here are some tips that can help you select the software package that works best for you:
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| Last Updated ( Tuesday, 03 March 2009 16:53 ) |
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