March 21, 2008, Newsletter Issue #108: Online Tax Preparation

Tip of the Week

There are many online tax preparation sites. Similar to tax preparation software, the online sites walk you through the income and expense data entry process, crunch your numbers, and allow you to print your income tax forms to mail, or you can file electronically. Using a Web-based tax preparation tool can be less expensive upfront than purchasing software such as TaxCut or TurboTax to prepare your income taxes. However, the fees for filing your federal and state returns can sometimes be much more expensive. You can read a review of several online tax preparation sites at “PC Magazines” Web site.

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