Magid: Tax apps, software give CPAs a run for the money


The annual tax deadline is fast approaching. If you’re like most Americans, you need to file a return. You could hire a CPA or go to a tax preparation service such as H&R Block. You could even do it on paper, but for many taxpayers, it’s cheap and easy to use a tax preparation program, website or app.

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I formerly employed a certified public accountant, but I switched to TurboTax several years ago — not so much to save money, but to save time. I know that sounds odd, but using TurboTax actually was faster than filling out my CPA’s forms, gathering and submitting my data and answering questions.

Returns for 2017 are covered by the old tax law, but next year’s filings will be based on recently enacted legislation, which could prompt some people to seek professional advice to deal with the changes.

For most filers, TurboTax.com, TaxAct.com and HRBlock.com provide the easiest and most economical ways to do taxes. I’ve used TurboTax for several years. It’s really well-done and easy to use. It walks you through all the questions, and it stores your information so you can access it from any device at any time. There are even mobile apps for iOS and Android, which allow you to complete your return from your phone or tablet. The app is free, but you pay when you file. H&R Block and TurboTax also offer software that …read more

Source:: The Mercury News – Business

      

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