Free Tax Filing
By: alfiedylan | Posted: 26th October 2010
Preparation of income tax documents and filing of returns is a very complicated process and requires careful handling by professionals. This help generally comes at a great cost and they might burn a hole in your pocket. Taxpayers may also prepare the taxes on their own but there are high risks of common errors when a large number of exemptions and deductions are taken into consideration. However, due to the increasing demand the tax companies and tax experts have now started offering taxpayers free tax filing services.
Online websites of tax companies make use of various software and programs. They offer free online help in preparation and filing of income taxes. These services are generally based on the different sets of criteria to qualify for the taxpayers for the service. The free scheme is applicable for people who earn $50,000 or less. Some free tax filing service has a specified criterion for age as well as area of tax filing.
Generally, for these types of people to file tax returns, Form 1040EZ is used. The companies prepare the tax liabilities and fill out the form with IRS, abiding by certain regulations and rules as specified by Internal Service Revenue. IRS website consists of a list of companies that you can opt for tax filing.
Majority of the companies provide a quality feedback regarding the status of the filed papers. However, you will also find few tax preparation services that hamper the entire process, thereby making it sluggish and slow.
Free tax filing is lo longer limited to online methods only. These services also exits over phone lines, however it is not as popular as the online methods.
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Tags: criterion, tax returns, income taxes, income tax, taxpayers, irs website, tax documents, tax preparation services, tax liabilities