Online Tax Preparation & Filing Services
Frequently Asked Questions about Online Tax Preparation & Filing Services.
What is an audit? Do I need audit protection?
If the IRS finds inconsistencies between your tax filing and their records of your income, you may be audited. This means that the government will carefully examine your finances in order to determine whether you underpaid when you initially filed your taxes. If the IRS finds that you do owe additional money, you may potentially have to pay penalties and interest charges on top of the amount that you underpaid in the first place. A tax preparation service will help you avoid errors that could lead to an audit, and if you have audit protection, the tax preparation service will also help you prepare for and manage the entire audit experience. H&R Block, for example, can provide you with an H&R Block agent to represent you in the event of an audit. TurboTax tracks your audit risk, provides tips to reduce your chance of an audit, and give you step-by-step guidance on everything you need to know and do if the IRS contacts you.
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Recently answered questions about Online Tax Preparation & Filing Services:
How much will it cost me to file with TurboTax?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: So, I will have to pay a federal fee of $49.95 and a state fee of up to $39.95 to file? [...]
Who can I count as a dependent?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: The answer [in the FAQ] confuses me as it seems to say that the dependent cannot be over 24 years of age [...]
Is TaxAct simple to use?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: I have never prepared my taxes online before. Is [TaxAct] pretty simple to use? I have a basic return, the only thing [...]
Can you stop, save, and return later with TaxAct?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: Can you save information on the tax returns you are submitting [with TaxAct] and go back and finish later if necessary, such [...]
I don't know if my tax return was complete.
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: I don't know if my tax return was complete. [E-File Tax Returns] never asked me for payment. I gave it my [...]
Is there a charge for each W-2?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: I have several W-2's. Is there a charge for each one or not [with TaxAct]?
A: TaxAct and other online tax preparation services [...]
Can I file multiple state returns online?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: We live in one state that I work in but my husband works in a different state. Can I still file the [...]
Is a free, online tax preparation service a good choice?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: Is a free tax service online (TaxAct) just as good as buying a program like TurboTax?
A: TurboTax, H&R Block and TaxAct all [...]
What is the best tax service for a home business?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: What is the best tax program for a home based business to use? Always used my CPA? Thank you.
A: TurboTax offers a [...]
Can you accept schedule D transactions?
The following post in our Reader Question series is an actual user submitted question. To maintain the integrity of the original question, we do not edit or change reader questions in any way.
Q: Can Turbo Tax or H&R Block accept electronically the Schedule D transactions for capital gains or losses from Merrill Lynch accounts? If [...]
