Sunday, March 24, 2013

How do find affordable Income Tax Preparation?


It depends on your definition of affordable. 

There are many generalizations in regards to taxes, but in reality, one answer does not fit all.  There is no cookie cutter to use, as each individual has a unique tax situation specific to them.  Therefore, you should make your decision on who will prepare your returns based on your needs. 

So how does one get the best results at an affordable price? 

Well, you could do them yourself.  However, you may need to take valuable time to research the mandatory forms necessary.  Of course, you may also want to research eligible elective forms.   Do you have that much extra time?  Yet, if you only worry about the mandatory forms required by the IRS, you may not receive the best value.  Mandatory forms usually result in the best case scenario for the IRS.  Thus, it is not so affordable when you pay extra in tax.

Of course, you can buy a tax preparation package to use, but until Artificial Intelligence becomes main-stream, this software is limited by the data you entered into it.  Even expert advice can lead to problems as misunderstandings and misinterpretations are possible.   The more complicated your return, the more you increase your chance of error.  A wrong yes or no may cost you lost deductions.  Just ask any of us who have accidently deleted a document by choosing yes when we should have chosen no J

Which leads us to professional preparation.  In many traditional tax offices, you schedule an appointment or walk in.  You may have to wait, hopefully with well-behaved children.  Privacy might become an issue when only a small particle board separates you from the desk next to you.  Unfortunately, this might allow your paperwork to be seen or your conversation to be overheard by others.  It might not be very convenient either as you may have scheduling conflict because you need to take time off from work.  Maybe you can drop your private information off during your lunch hour if you don’t desire food.  Plus, if you work the 2nd or 3rd shift, finding an appointment time convenient for you is even more difficult.  Your preparation fees for expert help balance out in paying less tax, hopefully generating a bigger refund.  Unfortunately, you save time by not having to research, but lose it with the inconvenience of catering your schedule to the offices. 

So how do you get the ease of self-preparation with professional tax services at an affordable price?  By taking advantage of modern technology. 

This is the premise behind Easy Web Taxes.  It takes the convenience of doing them yourself, and combines it with the expertise of a professional.  IRS Registered Tax Return Preparers take the time to research tax code and apply it to your specific situation.  Plus, there is no office visits, so no sitting and waiting; no one to overhear your personal information; no loose paperwork for others to see; no need for return trips.  All work is done by telephone, email, or through the website itself.  There is no need to even leave your house! 

The benefit of accessibility with the knowledge of skilled professionals makes Easy Web Taxes an affordable source for income tax preparation.

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