Tax Tip: Tax Software Can Do All the Hard Work
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iStockphoto/Thinkstock(NEW YORK) — The decision on whether to use tax software or to hire an accountant often comes down to the complexity of your return.
“Tax software is uniquely designed to handle complex topics like taxes. It does all the math for you, checks the computations, moves the numbers to the right forms, so it’s doing all the hard work for you,” explains Bob Meighan with TurboTax.
Another software selling point, he says, is that, “returns processed using tax software and electronically filed are 20 times more accurate than those prepared using paper and pencil.”
“That’s a statistic from the IRS, so if you’re looking for accuracy, tax software is definitely the way to go,” Meighan adds.
This year, many software companies are also offering app versions of their programs for smartphones and tablets. In some cases, you can simply snap a photo of your W-2 and then answer a few questions to electronically file your return.
Copyright 2013 ABC News Radio