Turbo Tax & IRS FreeFile and a Software Program of the Intuit Company Research Paper

Turbo Tax & IRS FreeFile and a Software Program of the Intuit Company - Research Paper Example The IRS is the provider of the FreeFile that is also a program for filing taxes online. FreeFile assists in tax preparations and e-filing for free. A prospective user would need Turbo Tax software because of many reasons. One of the reasons relates to the ability of the software to support the online filing of tax returns. Through the capability, the software can help a user to save time that would others waste when moving to places of tax returns, and sometimes following along system to get clearance. Another reason that a prospect would love to use Turbo Tax software relates to its ability to run error checks. The software is able to perform error checks, and a final review of a user’s return to ensure that tax calculations are correct. Turbo Tax software has four major versions meant for different kinds of consumers. The first version is the Federal Free Edition that performs simple tax returns, and absolutely free. The second version is the Deluxe that maximizes an individual’s tax deductions. The Deluxe version of Turbo Tax costs $34.99 and is the most popular version. The third version of Turbo Tax software is the Premier, which is good for rental and investment property (Krantz, 2015). The Premier version costs $54.99. Home and Business is the fourth version of the Turbo Tax software. The edition costs $79.99 and appropriate for sole proprietors and small business operators. One can find the Turbo Tax software versions from the link https://turbotax.intuit.com/personal-taxes/compare.jsp. A prospective user would also want to use the IRS FreeFile program because of some good features of the software. The software is capable of performing deductions and analyzing tax history of the taxpayer and provides a comprehensive report to the effect (IRS, 2015). The FreeFile is also safe and efficient, which enable t to assure security, preserve privacy and allow quick access to user’s tax records. FreeFile also has features that support  the filing of tax returns for individuals earning below $60000.