If you go to the IRS website, it shows you a free filing option. The only catch is that free filing software is only available for people with Adjusted Gross Income of $58,000 or less. But if you fall in this category then you would not find a better place to file than on the IRS website. You will need to have all your tax papers like w2’s, 1099’s etc. with you before you start filing.
If your income is more than that, then you can still use IRS for free tax file, but then you’ll have to fill all the forms manually, instead of using one of the available software. Also, you’ll have to do all the calculations manually. In that case, you might be better off to use other free tax file software, like TaxAct Free, and Jackson Hewitt Online.
The IRS ‘Free File’ program was developed by creating an alliance between IRS and a group of private sector tax software companies. Therefore, you can use any commercial software provided by these private companies. If you go through the IRS website first to access this free filing software you will automatically be directed to the website of the company you choose to file with.
The free filing option also allows you to file for an extension on your tax return. The website will also provide customers with support in case of an issue or problem. The website also has fillable forms which you can download and print in case you have to do a paper return.
If you are not able to decide which company software to go with you can click on the help option. Then you will be taken to a page where you will be asked some basic questions. Then the website will offer you suggestions as to which software is best suited for your needs.
For 2010 tax filing, taxpayers have until April 18th 2011 to file and pay taxes or request for an extension. In case you owe money to the IRS, there is a free online service through which you can make payments. The service is called EFTPS and it’s supported by the IRS. You can also make your installment agreement payments through this website. It is safe and secure.
Make sure you have all your paperwork with you before you start filing your tax return. When you file on the IRS website, you will also be asked to enter a PIN no. Electronic PIN is like an electronic signature. Only you are supposed to know it. You will have to get a PIN also before you start the return.
Once you file your federal tax return through IRS, you can begin tracking your refund with 72 hours. You can also check your refund status via IRS iPhone app, or IRS Android app.
Also check out TurboTax Free, and H&R Block Online.
Always remember to keep a copy of your filed return either printed copy or an email copy. As far as filing taxes is concerned, you may use the IRS Free File option. It is safe, secure and free to use.