Wednesday, January 18, 2012

How to Successfully File Your Taxes Online For Free By Peter A. Ellison

Between January 1st and April 15th, everyone adult living in the United States is required to file their taxes, both federal and state. Generally, when the ads start airing at the beginning of the year, people don't really act on it. The stretch run begins around mid-March, when it finally dawns on people that the deadline is fast approaching.

In that period of time, all the advantages of e-filing really show. Everyone knows that thanks to the advances in software, when filing your taxes electronically you're pretty much being guided from start to finish, are alerted to possible mistakes in your return, and receive your tax return faster. There is this huge benefit to e-filing that makes it almost priceless: the ability to file from home or from the office.

This is extremely helpful when the deadline is approaching. Instead of worrying where you're going to find a tax preparer, you can sit home or at your office and get your return ready in a couple hours. In the past, with the deadline looming, a lot of preparers used to prey on people's desperation to charge exorbitant fees to file their returns, and scammers offered bogus services to make some quick money. There's no need to risk that with online filing.

The Free File Alliance allows eligible tax payers to file state and federal taxes for free through software companies who have partnered with the IRS. This free option makes a snap of preparing returns and receiving your refund in as little as ten days if you opt to receive your refund via direct deposit to a savings or checking account.

The programs guide you through the entire process, asking you questions so that your information gets entered in the right place on the correct forms. Instead of you having to figure out what formulas apply to what situation, the software just calculates it for you and matches everything. Plus when you're done, you also receive a notification that the IRS has indeed received your return.

This initiative (the Free File Alliance) is designed specifically for people in the lower tax brackets, but everyone can check to see whether or not they're available for it. There's a schedule to apply and find out.

This tax season, avoid the stress of filing late, or having someone overcharge you for something you can probably get done for free. Take advantage of free e-filing and be on the safe side, knowing that you can file your taxes anytime, anywhere, and have the complete assurance that it's been filed accurately and delivered to the IRS.

Peter Ellison assists hundreds of people every year with tax preparation help. Make e-filing easier and less cumbersome with Peter's tips and secrets

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