TAX NEWS - 2010

Free Tax Filing

Free Tax Filing – There Are Many Ways Including Some at the IRS

It is possible to have free tax filing with the IRS and several tax consultants for your return to reach the IRS in the safest and fastest manner by electronic means.

One of the programs set up by the IRS is Freefile. This is a program in association with the IRS and the Free File Alliance LLC, to assist the US tax payer with filing their tax returns by electronic means without a cost to the tax payer. For those individuals that make less than $57,000, there is even assistance with preparing your tax return with this group, for free.

If you made more than $57,000, you can still use this service, but there is no assistance with the preparation of the forms. You will receive blank forms that you must fill out. These are electronic forms that you can fill out on your computer. The main advantage of using these forms is that they are ready to be sent to the IRS in their present format and there is a built in calculator to help eliminate any calculational errors that might occur with manual computations.

H&R Block also helps assist taxpayer with the basic filing for free. This is available on their website free of charge. If you need assistance, they can help you for a nominal fee.

TurboTax and TaxACT are two tax software companies that also assist the US tax payer with the filing of their tax return by efile for free. Just like with H&R Block, they can assist you for a fee if the need arises.

As a US tax payer, you have many options for free tax filing. It is to your advantage to know about them and use them.

Of course, the above is not legal or accounting advice — it is for informational purposes only. Before making any decisions regarding legal or tax matters, it is vital that you consult a licensed professional lawyer or tax accountant.