FREE IRS Software and Tools Questions and Answers
What is the primary requirement for tax software to be IRS-certified?
IRS-certified software must meet accuracy requirements for preparing and filing tax returns electronically. This certification ensures that users can file federal and state returns directly through the software with confidence in accuracy.
Which of the following is a common feature of IRS-certified tax software?
Most IRS-certified tax software provides guarantees for accurate calculations and offers audit support if the IRS questions a return prepared through the software. This assurance adds value for users looking for peace of mind in their filings.
What is the main advantage of using IRS Free File software?
IRS Free File offers free tax preparation software for taxpayers earning below a certain income threshold, allowing eligible users to file their federal tax returns at no cost. This service is part of a partnership between the IRS and private tax software companies.
Which feature is typical of IRS-certified tax software designed for businesses?
Business-oriented IRS-certified software often includes payroll tax calculation and filing features. This helps business owners manage payroll taxes accurately, as well as prepare for other tax obligations, like quarterly estimated taxes.
What is one requirement for tax software to be IRS e-file certified?
IRS e-file certified software must have secure methods to verify user identities. This prevents fraud and ensures that tax returns are filed only by authorized individuals, keeping taxpayer data secure and accurate.