Although the market is full of outstanding solutions, to this day there are only two tax prep software providers that are synonymous with the term: TurboTax or H&R Block. This is not surprising at all, though, since both companies have been providing their services for decades now, helping taxpayers prepare tax returns with the utmost accuracy. But while nobody can question their experience, when it comes to their individual online tax prep programs there are plenty of differences that makes the choice between either of these companies a bit harder. As such it’s appropriate to compare these differences and finally put an end to this decade-long debate. Read More…
Tax Software Articles
Tax Software vs Accountant: Which Tax Prep Method to Pick?
For many years the only way taxpayers had any chance of properly dealing with their taxes without stress was to turn to an accountant. However, since tax programs entered the picture, taxpayers have divided into two groups: those who would rather do their taxes on their own with the aid of software and those who still prefer having an accountant by their side. Although accountants and tax prep solutions are both capable of creating accurate tax returns when provided with the right documents, there could be instances when the choice between the two options isn’t as black and white as it seems. As such, before making the big choice between an accountant or a tax program it’s best to take into consideration certain aspects to ensure that you pick the service that’s right for you and will score you the biggest refund possible. Read More…
What to Do in Case of an IRS Audit
Preparing accurate tax returns is already stressful enough for many people, so it’s not surprising that everyone wants to get it done as quickly as possible. However, it’s important to check through the return multiple times before filing because not doing so could have dire consequences; a single mistake is enough to end up with a dreaded audit notice from the IRS.
Although in many cases these mistakes in tax returns can be clarified rather easily, it’s understandable that taxpayers would rather hide under a rock than face an IRS audit alone. But contrary to popular belief, tax audits aren’t as frightening as they are thought to be – especially if you also have your tax prep software provider by your side. Read More…
Online Tax Software vs Downloadable Tax Software: The Big Debate
Although tax season is still a major pain in the neck, more and more taxpayers are realizing that preparing their taxes with tax software can save them a lot of hassle. Thankfully, there are a variety of tax solutions out there meaning that no matter what a user’s particular tax situation is, they’ll be bound to find a program that best fits their individual needs. But now that cloud technology and browser-based software is so dominant, taxpayers are split when it comes to deciding whether they should pick a downloadable program or opt for an online solution for their tax preparation. At first such a debate seems pointless, as both desktop and online tax solutions provide the same features, convenience, and straightforwardness. However, there are instances where it does matter which version is chosen. Read More…
E-file vs H&R Block Comparison
No one wants to waste their time, so when it comes to putting together tax returns everyone wants the chore to be over as quickly and as conveniently as possible. Thankfully, modern programs aim to provide such benefits, but whereas some solutions go even further to make the tax preparation process completely hassle-free others try to impress by proving their attentiveness with plenty of extra features of convenience. E-file and H&R Block are fine examples of both cases, but which one prevails: super simple E-file or feature-filled H&R? Read More…