Mobile apps are current big news in the world of tax preparation. From providing tax information to allowing users to e-file, these apps are on the rise.
Unlike many competitors, TurboTax is one app that allows users to e-file a 1040EZ with their iPhone or Android device. Data from around 400,000 financial institutions and employers, W-2 Express, various 1099 and 1098 forms, charitable-deduction records from ItsDeductible, accounting records from popular software like Quicken and QuickBooks, along with any data saved in a .cfx or .txf format are able to be entered. Bob Meighan, vice president of consumer advocacy at TurboTax, said that the goal is to allow taxpayers to use as few of keystrokes as possible to complete and file their tax returns.
In order to keep your information safe, incomplete return files are purged. Completed returns are accessible, which provides a benefit if you use the same app to file in following years.
Consumer Questions TurboTax has enrolled agents and CPAs on hand to answer any tax questions that you might have. This unlimited “Ask a Tax Expert” service is available via chat and telephone. You must log into your tax-return file to get an answer, but the answer will be available for you. TurboTax also has an impressive Live Community database, which has answers to thousands of tax questions.
If you find yourself in need of tax audit support, TurboTax has a solution for you as well. For $39.95, you’ll be walked through the steps you need to take to prepare for an audit.
When you are ready to start working on your 2011 taxes, you will find that there are many different software programs available to help. Choosing the right one can be difficult, but picking the best software for your needs will help make this dreaded chore just a little bit easier.
One of the largest and most popular products is TurboTax, which gives users the ability to import data from different financial institutions to speed tax preparation. The program works with data provided electronically by many employers, banks, and software programs like Quicken and QuickBooks to limit the amount of manual data entry you need to do in order to finish your taxes.
If you used TurboTax for last years filing, doing your 2011 taxes will get even easier. TurboTax software will automatically import data from your previous year’s return to help fill in much of the information you need for your 2011 taxes. Even if you no longer have the computer you filed on last year, TurboTax can often recover information from last year’s electronically filed and saved taxes to make filing a little easier.
Some additions to TurboTax software for 2011 taxes that make filing a little easier include bookmarks or flags which allow you to make notes in areas where you will need more information. This can help you move through information more easily, completing things as you find the information.
The other major benefit to TurboTax is that the company gives you online access to “Tax Experts” who can help answer questions via online chat or toll free numbers to help you through any tricky areas. Using TurboTax is one of the best ways to make your 2011 taxes a little less stressful.