Zilker Ventures, LLC announces the launch of Tax-Compare.com, a comparison and review website for online tax services.
Online tax services and electronic tax filing (e-filing) have tremendously revolutionized the way we do our taxes.Gone are the days of hunkering down in a pile of file folders and paper receipts, of scrambling to the post office late and frustrated.
According to the IRS, in 2007 a record-breaking 76.7 million individual tax filers—22.5 million filing from home—delivered their forms electronically. Numbering 2.5 million more than last year, these tax e-filers have virtually eclipsed the few of those still dwelling in the old world of taxes.
We have tax preparation software to thank. The Urban Institute states that about 87% of self-prepared tax returns were prepared with the aid of tax software. Since 2003, more and more people have discovered tax software products, which simplify and accelerate the process of preparing taxes. Convenient and easy to use, tax software products provide step-by-step navigation through the often daunting tax preparation process.
Offering plans ranging from standard to premium, tax software providers can address a range of consumer incomes and needs. And yet, 13% of individual taxpayers have not used tax software, according to the IRS. Perhaps this group consists of CPAs, number-munching whizzes of the old school or those simply unaware of the benefits and specifications of the differing tax software services.
This last group, the perhaps not-so-blissfully ignorant, will no longer have to seek out information on tax software and its advantages. Tax-compare.com is a site that affords them no excuses A self-proclaimed “apples to apples” comparison of tax software, the website offers a detailed list of different software plans and advantages, along with reviews that will help buyers in choosing the product that is right for them.
The reviews are based on key characteristics of tax preparation software, which include:
• Accuracy: All tax software products should check for errors. Accuracy is important because mistakes cost time (require an audit) and are expensive money (IRS fee) and generally withhold the tax payer’s refund.
• Help with deductions: Tax software provides tax payers with knowledge of maximizing deductions. More deductions equal more savings.
• Affordability: Standard plans can be as low as $15-$20 for the most basic services.
These key characteristics are immediately apparent in software plans of market leaders such as TurboTax, TaxCut, TaxBrain, and TaxAct—which are all IRS authorized e-file providers. They also collectively boast free trial versions and free e-filing and compatibility with other personal accounting software
Even with new resources like Tax-compare.com and tax software tools some people will choose to hire an accountant But hiring an accountant can often be more expensive than self-preparation and is generally not recommended.
For the rest of us, however, using tax software and E-file is an easy choice. We will save time, money, and even trees by doing it ourselves.
For additional information regarding online tax services, visit
www.Tax-Compare.com.
Zilker Ventures, LLC is a web publisher that consolidates information and reviews various business and financial products.
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Contact:
Jen Udan
Zilker Ventures, LLC
pr@zilkerventures.com
http://www.zilkerventures.com
Gaines Kilpatrick, CEO
Zilker Ventures, LLC
(512) 448-9031
Tags: Accounting, e-file, tax return, tax software, turbo tax
