Most people I talk to about their IRS problem have already built the worst-case scenario in their head. The reality is usually much more manageable. I'm Darrin Mish, and I've been representing taxpayers before the IRS for 32 years. Here's what actually tends to happen.
Using tax software is an extremely popular way to prepare and submit tax returns. With the tax season in full swing, the IRS website has partnered with some top tax preparation and filing software developers to provide solutions for filing of federal tax returns. All these services provide free web-based applications with basic features like calculating the tax payable while assisting the user in filing and getting refunds.
Tax software these days have many value-added features that include free e-filing, printing and submitting the returns by USPS, review of the forms for errors and alerting the taxpayer on possible omissions and problems as well as guides on obtaining tax refunds. Here are the 5 most widely used IRS free tax filing programs rated on their ease to use, free features, speed and accuracy. Click here to read or watch more IRS Help resources.
1. TurboTax
TurboTax is an extremely popular tax software program mainly because of its ease of use. It comes with a free and paid version and comes in both online/downloadable and CD options. Filing state taxes with this software will cost you $27.95. This year, TurboTax also comes with an iPad based application also. TurboTax’s support services are very commendable. You can have any tax-related issue answered via their free one-to-one live chat with their tax experts.
While TurboTax is very popular, its free version is basically useful for straightforward tax cases without multiple sources of income such as rental, investments etc. If you have multiple sources of income and other more complex tax details, then you should upgrade to the paid version.
2. TaxACT
TaxACT is another user-friendly free and iPad compatible tax software. It provides simple step-to-step guidance as well as quick filing form for preparing the tax returns. It gives the basic tax preparation services but no tips and high end tools in its free version. TaxACT has its support facility called Answer Center that gives personalized free support for your queries. To submit State tax returns would cost you $14.95.
3. H&R Block at Home Free File
The H&R Block at Home Free File was formerly known as TaxCut. This is the best tax software for simple and straightforward tax cases, plus you have access to its tips section even with the free version. Its interface is simple to use. While making federal tax filings is free, state tax returns will cost an additional $27.95.
4. eSmart Tax
Another recommended tax filing service is eSmart Tax. This service is the one that asks minimal questions of your tax situation in preparing your tax returns. It also allows you to import last year’s tax data. It also caters for all regular expenses like education credits, income from social security etc.
5. CompleteTax
This software solution includes W-2 and 1099 importing, technical support and chat and covers earned income tax credit, educational credits and more. Its premium version is free for those who have received their unemployment benefit in 2011. The state tax return costs additional $29.95.