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Online Help With Your Taxes
You don't need an accounting degree to do your taxes; just a computer and mouse.
April 4, 2008— -- BURLINGAME, CALIF. - It's that time of year again. Millions of working Americans will have to hustle in their taxes by April 15.
The stakes are high. The combined tax package -- including federal, state and sales taxes -- amounts to 30.8 percent of all national income, according to the Tax Foundation -- a nonprofit group that monitors U.S. tax policy. That means the paychecks of most workers from Jan. 1 through April 23 go entirely to pay their tax bill.
And that doesn't even include the time taxpayers slave over calculating their taxes or, worse yet, torturing themselves by putting off the whole process.
Click here to learn more tech tools that tame your taxes at our partner site, Forbes.com.
Luckily, the Internet is gracefully melding computer technology with online services to turn the inane mathematical and clerical calisthenics built into the tax system into mere data-entry drudgery. The result: new services that blend personalized help and computerized number crunching.
"It's much easier than it used to be," says Gerald Prante, author of the Tax Foundation's Tax Freedom Day Report for 2008. That's good news for anyone who doesn't have a degree in accounting.
And your options? There are many.
Start, for instance, with a familiar choice: H&R Block. H&R Block's latest online effort, dubbed Tango, goes beyond its ubiquitous storefront offices. Tango pairs unlimited help--via phone, chat or e-mail -- with software that walks users through the process, for $70.
Meanwhile Intuit -- known for its best-selling personal finance software -- offers TurboTax Online Personal Pro, which pairs Web-based tax help with the ability to get simple questions answered via e-mail, or complex problems sorted out over the phone, for $90.
Even boxed software, the traditional tool for do-it-yourselfers willing to pay up for technology that can speed them through the process, is now Web-friendly. Both H&R Block's TaxCut and Intuit's TurboTax are, of course, available on the Web. The advantage: the ability to store your tax returns online, so you can work on it from home, the office or (if you're truly desperate) while on vacation.
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