You are in: Home > Taxes

Free Tax Filing 2010 – Free State Tax Filing, Free Federal Tax Filing.

06th August 2010
By statetaxfiling in Taxes
RSS Legal RSS    Views: N/A

Filing online (E-Filing) through the free file program is a great alternative to preparing your taxes on paper forms that you must mail to the IRS. You avoid the long lines at the post office, the cost of postage, and the risk of your return being lost in the mail. Your tax returns are filed electronically over a secure internet connection known as the "Secure Transmission Control Protocol". This is the highest industry standard when it comes to safeguarding personal information. Look for a "padlock" or "key" icon in the bottom of your browser whenever sending personal information online to be sure you are in a secured transmission environment.
The preparation of tax documents and filing of tax returns is a complex procedure and requires professional handling. Professional help is normally expensive and can burn the pockets of taxpayers if availed of. Taxpayers can also prepare taxes files on their own but there are risks of committing errors when a large number of deductions and exemptions are taken into consideration. As a result, taxpayers seek professional help even though it is expensive. In recent times however, some tax experts and tax companies have started offering free tax filing services.

Because of a partnership between the Internal Revenue Service (IRS) and 19 Free File partners, including Turbo Tax Online, many taxpayers are now eligible for free online income tax filing.
If you eligible, you can use Turbo Tax Online, or any other of the 19 Free File partners, to prepare and file your income tax return online for free. This program is known as the IRS Free File Alliance.
This free tax filing program is designed for lower income taxpayers in USA with simple tax situations and includes IRS and State tax forms and schedules. However, it is not designed for more complex tax situations such as investments, rentals, royalties, farming, foreign earned income, partnerships, s corporations, estates or trusts.
The principal means of filing taxes for free is through online websites of tax companies and use of software provided by them. These companies offer online tax return preparation help and electronic filing through a partnership agreement with the IRS. Almost all the free tax filing companies offer services based on different set of criteria to qualify taxpayers for the service. Companies offer free filing service for taxpayers whose annual gross income is below or equal to $50,000. There are also many age and area restrictions for free tax filing service. Some tax filing companies prepare and file taxes for people of only certain area codes and states.
This article is copyright
Bookmark and Share




Ask a Question about this Article

powered by Yedda