Every year the tax payer must go through the arduous process of filing their tax returns with the federal government and the State or States in which the filer earned income for that year. Most people (that do not do it themselves), pay a Certified Public Accountant (CPA) to prepare and file their returns each year at a cost of between $250 and $2,500 depending on how complicated their returns are.
In reality, most working people have relatively simple returns. They may itemize their deductions, but most if not all of their income is recorded on a W-2 statement at the end of the year. This "W-2" income is income derived from working as an employee, as opposed to as a business owner or independent contractor (in which case you would receive a 1099 statement at the end of the year). When you have primarily W-2 income, or even if you are self-employed, you are a prime candidate to use online tax preparation software.
In recent years, online tax preparation software has progressed to the point where most people can benefit by using these convenient tools to file their returns each year. Whether you are self-employed or are an employee of a company, you can save time and money by using these convenient tools.
The benefits of filing your return online are as follows:
1. Significant cost savings as compared to filing with an accountant;2. Most services have free customer support;3. With e-filing and direct deposit, you can get your refund in as little as 8 days;4. Less paper work;5. No postage;6. Fewer documents to assemble.
I recommend that anyone preparing to file their 2009 taxes explore the various options available to them for filing their tax returns online. To get started, I recommend the following website to get more information about online e-filing and to sign up to file your returns today at the lowest possible cost:
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