Conquer your fear and resolve to file your taxes online next year. What exactly is it that scares you about doing your own taxes online? Is it the fear of not knowing how to prepare your tax return? Is it fear of putting your personal information “out there” on the internet? Is it fear of not having enough time and spending an entire weekend doing your taxes?
You should remove these fears immediately, especially if you are an 1040EZ filer. This is so fast and easy to file online, and even the for-profit tax prep companies offer free 1040EZ online filing. That’s how easy it is! H&R Block even offered free 1040EZ filing at their retail outlet locations for a while. So fast & easy it was free!
Well all these reasons can be swished away with some cold hard facts. Interested in making your life simpler? Read on.
Fear #1: I Don’t Know How to do Taxes!
With today’s software programs you don’t have to know now to do your own taxes! You just need to collect your tax documents and answer questions. The companies that offer online filing will perform the calculations for you and ask all the right questions to make sure you get the deductions and tax credits you deserve.
The number one scare tactic from tax prep companies that charge you money is that you won’t get all the tax deductions and credits you deserve if you do your own taxes. Well the online filing websites ask you the same questions- for example, “did you buy a home this year?” or “did you sell any stock this year?” or “were you enrolled in college?”.
Same questions! So, if you can answer the questions in the tax office then you can answer them online too.
Fear #2: I Don’t Want My Personal Data Out There on the Internet!
Well would you rather hand it over the overworked, underpaid employee at your local tax prep retail location? Have it sitting atop a stack of papers on his or her desk amidst the noisy chaos of a busy tax office? There’s just as much risk there- those employees can steal and sell your info too. In fact it’s easier to steal from a piece of paper than it is from secure internet sites.
Besides, what do you think those tax prep offices and tax accountants do with your personal information once you leave the office? You got it: punch it into their computers and send it over the internet to the IRS, electronically. They are doing the same 1040EZ online filing you’d be doing if you did your own taxes.
The Gramm–Leach–Bliley Act has a Safeguards rule that requires websites that offer1040EZ online filing to keep very very strict security standards on their websites. There are hundreds of specialists out there making sure your data is secure.
Fear #3: I Don’t Have Time to do My Own Taxes!
Now this one is just ridiculous. You don’t have time to sit at your computer for an hour and fill out the 1040EZ? It’s literally one page long, most of it made of up writing your name, address, and social security number.
Compare the convenience of 1040EZ online filing to the hassle of going to a tax prep retail location and waiting for a chance to have someone fill out a 12-minute form for you. Wouldn’t you feel ridiculous?