You need to be very careful while preparing your tax returns because you may be charged penalties if your income tax return is found faulty or fraudulent. If you have complex tax situation, you may consider hiring a professional CPA for preparing your return properly. But now, because of the internet technology, most people prefer online tax preparation and e-filing option.
Online tax return preparation, compared to the old and traditional method of paper filing, is easy, fast and safe. Using software, you can follow the step by step instructions and get your return prepared online. You do not have to get assistance from the professional accountant for understanding the complex tax codes. The software will assist you go step by step and you will have to enter the right information to fill up the online forms. Furthermore, you do not have to struggle hard for choosing the right deductions that you are eligible for.
The IRS provides Free File program for preparing federal tax and e-filing return for free. But you have to qualify for using it. And for that, you should have your adjusted gross income not more than $57,000. If you are not eligible for it, you can do your taxes with an IRS authorized e-filing service provider. You can make use of top search engines or just visit the IRS website to find out the best tax preparation company to work with.
You will have several benefits of preparing and filing return electronically with an IRS authorized company. Suppose your e-filed return is rejected by the IRS for certain reason, the company will help you solve that problem and will also let you resubmit your return online. They assure you for accuracy, safety and security for your return. You should aim to submit your income tax return file electronically as early as possible and get your refund online quickly if you owe money.