I’ve used TurboTax, electronic tax preparation software, for three consecutive years to file my state and federal taxes. TurboTax provides e-filing taxes services and assistance for those filing as self-employed, small business, military, and retirement tax purposes. TurboTax will make filing less of a hassle; all you have to do is plug, and it will take care of the chugging for you. Overall, I have been pretty pleased with the services but keep in mind it is always good to have a second pair of eyes to examine your taxes before filing.
We all know filing taxes can rack up quite a hefty bill, especially when hiring someone to do them for you. TurboTax provides the same services as a real person, for a reasonable cost.
One of my favorite perks to using Turbo is that it saves all my previous year’s returns so I can easily access and refer to at any time; you can easily switch between the online platform and the mobile app without having to worry about your data or updates being lost.
For those who don’t have a lot of sit-down time you can file on the go, directly from Turbo’s mobile app; which supports both iPhone and Android phone as well as an iPad and Android tablet.
For beginners, this application is the step-by-step guide that walks you through the complete filing process from start to finish. If you still find you need assistance there is on-demand support and live-phone support (including CPA or EA assistance that can look over/double check your work before sending your return off) readily available to you 24-hours a day.
If you are anything like me… a tax amendment or an extension of some sort is often in the equation; TurboTax contains all the forms you can easily access to complete any of these actions and will let you know exactly where to mail it to. After filing, the IRS should receive your return in as little as 1-2 business days and are generally approved within 1-2 business days as well (deposits and refunds take a bit longer, est. 19 business days).
Although TurboTax does have a free plan, keep in mind you will still have to pay when e-filing (technically speaking… it’s not exactly free).
As an experienced Turbo user for three years now, I have only encountered one experience where Turbo did not catch a mistake; for this reason, I would highly recommend you have one of the CPA/EA’s available to you via TurboTax look over your taxes before filing to help you catch any potential errors.
While I have confidence in the applications security of my data and personal information I would not put 100% confidence in the results it provides as automated software can make mistakes too. In the future I hope TurboTax provides documentation on all of the calculations so that it is easier for people to work backwards and find mistakes when needed.