Friday, January 16, 2009

Filing taxes electronically

Via the taxprof: "This year, the IRS and its partners are offering a new option, Free File Fillable Tax Forms, which opens up Free File to virtually everyone, even those whose incomes exceed $56,000. Free File Fillable Tax Forms allows taxpayers to fill out and file their tax forms electronically, just as they would on paper. This option does not include an “interview” process like the other Free File offerings, but it does allow taxpayers to enter their tax data, perform basic math calculations, sign electronically, print their returns for recordkeeping and e-file their returns. This “self-service” option may be right for those who are comfortable with the tax law, know what forms they want to use or don’t need assistance to complete their returns. Both the fillable-forms option and the previously available “full service” Free File offerings are available only through the IRS.gov web site."

I don't know why more people don't go this route, but I've been happy filing electronically (using TurboTax) since 1998. Love it!