Doing Taxes With Online Income Tax Return Preparer

By: Mark Waugh | Posted: 08th January 2010

Taxpayers normally have to decide whether they should do taxes with online income tax return preparer to do it on their own. No matter whether your return is prepared by an outside individual or firm, you, the taxpayers, are legally responsible for what you file with the IRS. If the IRS detects a fraudulent return, the taxpayer (and not the return preparer) has to pay the additional taxes, interest and penalties.

The IRS advises taxpayers to be careful when it comes to choosing a professional Income Tax Preparer. Although someone else prepares a tax return, the taxpayer is finally responsible for all the information filled in the return. Therefore, taxpayers should examine the return before signing it.

Like best tax preparer, you can also prepare taxes on your own when you have to deal with uncomplicated taxes. You need to have a computer with internet access and tax preparation software for doing taxes on your own. In 2009, it is reported by the IRS that more than 32 million returns were e-filed from home computers.

Now you can prepare and e-file your federal income tax return free using Free File program provided by the IRS if you're eligible for that. There are several IRS-tested and -approved software companies that can help you prepare taxes on your and assist you submit your e-file to the IRS easily before the deadline.

If you do not qualify for using Free File Program, then you can work with the IRS approved tax preparation services. What you need to so is to electronically file your income tax return, you don't have to worry about your mail being lost. Moreover, e-file delivers a fast refund, in as few as 10 days with Direct Deposit. Please remember that there may be fees for tax preparation. Some online tax preparers may charge a nominal fee to give IRS e-file.
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Tags: mail, software companies, internet access, federal income tax, home computers, taxpayers, income tax return, tax preparation services, tax preparation software, free file