Online Tax Preparation and Filing FAQ

Frequently Asked Questions about Online Tax Preparation and Filing

    I'm self-employed. Will an online tax preparation service be adequate for my tax needs?

    If your financial situation is very complex, you may benefit from the assistance of an accountant. But most online tax preparation services do provide additional tools to help the self-employed ensure that they are filing their taxes correctly, as well as providing information about allowable business deductions. H&R Block's Premium package provides tax guidance for the self-employed, and their Home & Business package is designed for consumers who need to prepare corporate, S-corporation, partnership, LLC and payroll returns. TurboTax recommends their Home & Business software for consumers who are self-employed, who earn income from a side job, or who earn income from a non-incorporated home business. For small business owners who are incorporated, or who run a partnership or multiple-member LLC, TurboTax recommends TurboTax Business as opposed to Home & Business. TaxSimple also provides additional tools for self-employed consumers and small business owners, but we do not recommend these services.

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Top Online Tax Preparation and Filing

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Bottom line: Best overall service provider with its Free Federal Return, good support and audit protection; 15% discount on all plans
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Bottom line: Fastest and easiest service around with the best online deduction finder tools and excellent customer support
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Bottom line: Great value for filing your taxes online; email customer support for all plans and phone support for paid plans; pricey audit protection
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Bottom line: Standard service with a few cool base features, including a Maximum Refund Guarantee; pricey extras can add up
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Bottom line: Unbeatable price covers everything from free to complex returns; limited support options and simplistic interface
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Bottom line: Limited support and simplistic interface make it less competitive; good option for simple filers and those who don't need audit support
Rating:

Bottom line: Pricey option for both federal and state filing; thorough customer service and helpful FAQs

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