There’s no arguing with it
taxes are a pain
No major news flash there. If you’re a small business owner taking the time to scramble around and locate an entire year’s worth of receipts just lying around everywhere is going to be a pain. Even if you’re just filing personal income taxes, you’re still going to have to track down a lot of numbers and find your deductions.
Fortunately, you can take a huge amount of frustration out of filing your taxes by filing them online.
Isn’t difficult. As a matter of fact, if you decide to hire a tax professional to do your taxes for you, they’re going to use the same type e-filing program that you will find on one of the online tax filing web sites. Tax filing programs developed for tax professionals, use a guide to filing taxes with the same basic question and answer format as software intended for individual use.
Step by step
The program walks you step by step through the filing process to ensure that you don’t miss any possible deductions, and when you’re done, your taxes will be automatically calculated and e-filed by sending them to the IRS.
The benefits of working with a specialized online tax filing program are obvious (Can you say “more money”?) but where’s the real benefit in filing online? First and foremost, you’re going to get your money back much more quickly than if you’d filed the old-fashioned way using a paper return. There’s a reason it’s called snail mail!
People who prefer filing offline to filing online wait two to three times as long for their refund as their Internet savvy counterparts, plus the inconvenience of traveling to your CPA’s office twice. Anyone filing a paper return can expect to wait for seven to eight weeks (or longer) for their refund to be processed.
Anyone choosing to file taxes online, on the other hand, will usually have their refund in hand in about ten days with direct deposit at their bank. Can’t you think of better things to do with your tax refund than sit around for weeks waiting for it to show up in the mail?
Second, using an online tax filing site’s services will allow you to file online with minimal to no extra costs, and it is way less expensive than hiring a professional CPA. The flat starting rate for most CPAs is a full $150, and most likely they’re going just to use the same program you could have used for far less or even free. This free service will almost always save you time on future tax returns as well since on secure servers personals information can be stored in a safe place.
So you won’t have to put in the Social Security Number next year, address, or another stuff year after year. Just the numbers then hit send.
There are a tremendous number of benefits to filing taxes online, so what are you waiting for? Make this year the year that you give online tax filing ago, and you’ll never look back.