Mark Glendon

Should I File My Taxes Using Turbo Tax?

Filing taxes may not be the most enjoyable thing to do on the planet, but it is necessary. The Internal Revenue Service (IRS) can be relentless in its collection activities, and a tax audit by the IRS can be a real headache.

Some people turn to tax services to get their annual tax returns prepared and filed, but others use DIY tax software like Turbo Tax. This is a software solution that lets you input your tax information and prepare and file taxes on your own - but is Turbo Tax a good choice for filing your taxes?

The Pros of Turbo Tax

One of the biggest selling points of Turbo Tax is that it handles a lot of the complex math for you. When preparing your taxes, all you have to do is enter the information from the tax forms provided by your employer and the software calculates everything according to the correct year's tax rules.

Also, Turbo Tax offers free preparation and filing in some cases. Federal filings are usually free with Turbo Tax, but you may also be able to file your state taxes for free.

The Cons of Turbo Tax

The downside to using Turbo Tax is that complex returns are often made no simpler using this software. Turbo Tax can handle complex returns in most cases, but the software doesn't remove the challenge of preparing a complex return. This means that you may still make errors and possibly end up penalized by the IRS when filing your return through Turbo Tax.

Working With a Local Tax Service

If you want to ensure your taxes are done by a professional who knows the tax laws for your state, consider looking for a local tax service. In NYC, you could look for a tax service New York residents trust for expert preparation. A tax service New York residents turn to for guidance will have a keen understanding of tax laws that apply to NYC, and you can also be assured that you'll have a real human to turn to if you have questions about your return. Maximize your returns with tax service in New York - explore this website for expert financial solutions!

Author Resource:-

Mark writes often about tax and estate planning. His articles may include topics like tax planning, estate planning, business accounting or any other tax service to help the people in needs. You can find his thoughts at tax planning blog.