Tax Help Information

Preparing taxes can get convoluted sometimes, especially if you own a business or have many trivial tax details such as itemized deductions or capital gains. The whole process gets you all worked up and by the time you finish filing your taxes, you end up wishing you’d never go through it again.

TaxBrain is an online tax preparation service dedicated to meeting your tax preparation needs. It contains all the federal tax information that you need in filing your taxes plus it calculates your return quickly and accurately. With TaxBrain, you can literally prepare your taxes in less than 45 minutes without worrying about the errors.

A Systematic Way To Prepare Your Taxes

With the conventional way of tax preparation, you are always stuck with where to begin. You first have to find out what category you belong and then you consider your exemptions. After finding out your filing status, you add your income and calculate your income adjustments. At this point, you are only halfway through the whole process.

TaxBrain simplifies the way its done with its systematic approach to tax preparation. First, you need to answer a questionnaire about your basic tax details. Upon completing this questionnaire, TaxBrain will choose the right forms for you. Then it presents worksheets where you enter the figures. The worksheets auto-calculates your returns and saves your data so you can retrieve them next year. The good thing about TaxBrain is that it involves one preparation, printing, and filing of your taxes.

What Filing Status Do I Qualify For?

As mentioned, TaxBrain determines your filing status by you submitting the questionnaire. This status is the package that you will use when doing taxes with TaxBrain. There are four packages where you can possibly belong. If you are single or married with no kids, you may take advantage of the 1040 EZ Edition for only $14.95. This involves a less complicated process than the other packages.

The 1040 Basic Edition applies to those who have dependents, Earned Income Credit, and taxable interest. This package costs $19.95 and offers the same error-free service and customer support as well all other packages.

The 1040 Deluxe Edition works best for S Corporations and individuals with Alternative Minimum Tax and capital gains from investments. Because it involves a more difficult approach, the cost is slightly higher. You may use this package for a nominal fee of $39.95.

Taxes for small business or rental owners and self-employed individuals are the most complicated to process. With the 1040 Premium Edition, you can take yourself out of the line of fire and let TaxBrain do the work for you.

TaxBrain Versus The Conventional Method

When filing taxes manually, you need to consider a lot of trivial details and these include, but are not limited to, income adjustments, credits, and deductions. These minor details alone can take hours and you may end up spending the whole day doing this. With TaxBrain, you can simply push some buttons and get it over with. The results are nothing short of amazing. You get accurate figures and can store these for future use.

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