How to File Your Taxes Online for Fast Refunds
How to File Your Taxes Online Faster with These Tips
There are many reasons to look for tax filing help, especially if you’re not sure how to file your taxes online. Many individuals feel that the tax laws are very complicated, and they’re simply not comfortable in filing their own tax returns.
For these individuals, tax filing help can come from a couple of sources. One option is going to a tax preparer and having him/her prepare your tax return. This may appear to be the easiest way out of your dilemma; however, the taxpayer is ultimately responsible for the return. Plus, the high fees can be a turn-off.
If the tax preparer isn’t competent, or makes an error or omission, the IRS will look to the taxpayer to get the matter resolved. Additionally, if there are penalties assessed, the taxpayer will be charged. Let me hasten to add, a reputable tax preparer should offer to pay those penalties if he/she was at fault.
The point that we’re trying to make is every taxpayer should have some basic knowledge of how to file taxes and be somewhat familiar with the information contained in their tax return.
Another option is to take advantage of one of the online tax filing sites. Even though you may not be familiar with the tax laws, the online tax sites today are highly intuitive.
The HBS Financial Group has your back
After you create an account and login, we’ll ask you a series of simple interview questions. Your answers will allow the software program to essentially complete your tax return for you. It will select your filing status and also the type of return and tax forms that you are required to file. It doesn’t get any easier than that!
If the type of income that you have requires business or rental schedules, it will automatically do that. It also makes sure that you get every deduction and tax credit that you are eligible for, based on your filing status.
A tax preparer would probably give a new client an organizer to complete which is very similar to the online tax filing program. They would also have the taxpayer’s various tax forms for entering the information into their program.
Basically, the online tax system works the same way. Plus, it guarantees accuracy, easy to use, lowest cost, and maximum refund based on the information submitted. When you compare the cost to have a tax professional to prepare the return versus our online tax service, ours wins hands down. How can you beat a flat rate fee of $25?
If you want to learn more about how to file your taxes online, there are many good publications at the IRS, as well as the library. If you make a mistake in filing your taxes, such as not reporting an item of income, or perhaps you received a tax form after your return was filed, an amended return needs to be filed.
Need an amended return?
As soon as you discover the mistake, prepare the amended federal return and also the state. If you catch it early enough, and amend the return, you may be able to avoid any penalty. And don’t let anyone tell you that a competent and knowledgeable tax preparer never makes a mistake. We’re human and these things sometimes happen, though infrequently.
Some individuals prefer to purchase tax software for their own computer to file their taxes. If you’re more comfortable in doing this, and it works for you, then do it. Unfortunately, most of the tax preparation packages that I’ve seen, cost more than our online tax filing site. Plus you won’t have a support tech to talk to if you need a little help.
No matter if you’re going to a professional tax preparer or will be doing your taxes online at our tax filing site, get everything organized first.
Get a copy of your return from the previous year and compare each item of income and expense. The prior year tax return is the best guideline as you can check every item to make sure nothing is missed.
If you itemize your deductions, you can review each of those as well. The better organized that you are will make for an easier tax filing.
Just remember one very important point…no matter who prepares your tax return, you are ultimately responsible for the return. Make it an easier filing season & visit our online tax site. It will show you how to file your taxes online and get the most refund you are eligible for.