Investing in a tax software is a great way for businesses and individuals to organize and file their taxes. Business owners know all too well the type of financial turmoil that can ensue if taxes aren't filed correctly so what better way to get a handle on the logistics then with the guidance of professional tax software. This isn't exclusively for businesses, however. Individuals can benefit just as much from a program which systematically determines which deductions, exemptions, and filing statuses they qualify for. If you're sill hesitant, then hopefully this guide will alleviate some of the ambivalence and get you matched up with the right program for you. Here are some of the key features to look for in a tax software.
What would a tax software be if it didn't perform accurate calculations? Pointless, right? While this may seem like a no brainer, it's important to find a program that guarantees these results. For example, Turbo Tax has a maximum refund guarantee which means that if you get a larger refund from another tax preparation method, they'll refund you the price you paid within 60 days of the filing date. Plus if you are hit with an IRS or penalty because of an error that can be attributed to the TurboTax calculation, they'll cover the fee. You won't get that type of guarantee by doing your taxes yourself.
Audit Support Guarantee
There's no better feeling when it comes to submitting your taxes, than the assurance of audit support. Having an can be frightening, which is why you shouldn't have to go it alone. While audit support doesn't guarantee legal help, it is a tool you can use for one-on-one guidance, answer to questions, and preparation help.
Speed and Efficiency
Speed and ease of use may very well be the number one factor individuals look for in a tax software program. If you're not an accountant by trade, all the legal jargon can weigh you down. Select a program that simplifies the process as much as possible by providing in-depth explanations for complex subjects.
Variety of Services
Whoever said variety was the spice of life was right on the money. All five of the companies featured on our review have a variety of packages, each at different prices and services offered. Identify which components suit your needs and budget best.
There's no way we could possibly overlook customer support. Some individuals prefer to speak to a representative by phone while others like online chat support. Whatever you preferred mode of communication is, make sure the software you choose has a team of professionals on hand to answer questions, inquires, and troubleshooting issues.
Review the aforementioned sections before electing on one particular tax software service. This is a decision which should not be taken lightly, considering the profound consequences that can result if your taxes are not filed cautiously. Check out the full review for more provider specific information.