Filing income tax returns is often a very daunting process for many people. Aside from individuals who have accounting knowledge, many people are hardly ever aware of what forms the IRS needs and how to navigate the filing of taxes. For that reason, it becomes essential for such individuals to consult a tax accountant who can help them navigate the process of filing taxes. However, some of these accountants can be very costly.
Here are five ways you can use if you have been looking for a cheap or free way to navigate through filing taxes.
1. A.1 Business Pte Ltd
The first mechanism you can use to file income tax returns for free is through going to A.1 Business Pte Ltd. Being a highly reputable company, well versed in addressing the accounting and business concerns of any enterprise; they are well placed to advise you on how to navigate through the income tax regime. They have vast experience and knowledge in various business complexities, ensuring that all of their clients can avoid legal issues arising from failure to file taxes.
Their primary focus, as depicted in their website a1corp.com.sg, is to maximize client satisfaction. As such, they are highly responsive to any of the needs a customer may have and aim to provide the best guidance. Opting for their services will go a long way toward helping you navigate the process of filing income tax.
2. Cash App Taxes
This platform has undoubtedly surpassed numerous expectations concerning providing services for free income tax filing. The service allows you to pick which income tax you want to file, whether for the federal or state governments. Additionally, they have several forms as part of their free package, including filing for self-employment income tax and those employed in different institutions.
Therefore, they will likely provide you with the best assistance you need to file your income tax. One of the drawbacks of using this service is its inadequate customer support service. Therefore, you must have background information regarding filing taxes to use their free service. Nonetheless, their services will still be highly beneficial for you.
FreeTaxUSA is an excellent software that will allow you to file your income tax expeditiously and easily. If you often have challenges filing income tax, using this platform will enable you to navigate the challenges since they offer a question-and-answer platform that directs you on the proper process. Their well-organized platform allows you to file your federal taxes at no cost.
While the system is not as sophisticated as many paid platforms, they provide the services you will need very efficiently, regardless of how their platform looks like. The only drawback of using this service is that they only offer free income tax filing for federal taxes. If you want to file your state taxes, you will have to pay an additional fee of $15.
4. IRS Free File
The IRS free file program benefits people with an adjusted gross income of $73,000 or less who may be having challenges filing their taxes. The program helps connect taxpayers with online tax filing services that would otherwise be too costly. Using this platform, the taxpayer will access top-tier service from some of the most reputable institutions in the income tax filing field but at a meager cost.
However, to make good use of the program, you must have the requisite knowledge of filing taxes using physical forms. Doing so, you will then be able to make a good decision on navigating through the program. Just as with the previous platforms, it only works for federal taxes. If you want to file state taxes, you must consider other alternatives.
In conjunction with different tax experts within the United States, the IRS provides tax preparation and filing services to persons earning less than $50,000 a year through the Volunteer Income Tax Assistance Program (VITA). The program is also beneficial to people with disabilities or people who have limited English competence and would require assistance filing their taxes.
To make use of the program, one has to undertake a certification exam which will then help guide the IRS to see whether they are qualified to receive the assistance. The program also provides high-quality service since all returns must go through a qualified professional before filing. Therefore, it is an excellent option for people with limited capacity who want to get expert service from the IRS.
Filing taxes is often complicated for many people. Without the assistance of experts in the field, such as high-priced accountants, it could be virtually difficult to navigate through the income tax regime. However, using the five options above, you can effectively get an excellent opportunity to file your income tax returns at a low cost. Additionally, it will help you beat the deadlights and avoid any fines or penalties the IRS may impose on you. Consider trying them out!