Most self-employed workers and/or independent contractors have little to no issues with their self-employed online tax filing. Filing your taxes with software that you order online is highly recommended, whether it is cloud-based or stored locally on your desktop. It is an efficient option for an individual taxpayer who wants to take control of doing their own simple taxes or save money by not hiring an accountant.
Advanced Micro Solutions’ 1099-etc E-Filer software is the most affordable solution on the market and is customizable for software users looking for modular capabilities.
Getting intuitive software without a steep learning curve is useful for first-time users, but our e-file solutions are also beneficial for experienced taxpayers. We provide our users with two distinct options based on their preferences.
- E-File Direct (add-on module)
- E-File Services (via third-party vendor)
Download our free 1099-etc Demo software to see how our E-Filer operates on its own or as part of a full-accounting suite of tools.
What are the Benefits and Drawbacks of Self-Employed Online Tax Filing?
Making sure that you do what is right for you is important when you decide to get software for personal tax filing. Figuring out all of the benefits and drawbacks will help you protect yourself and your financial interests.
Benefits of Self-Employed Filing
- Convenience: Users can file their taxes on their own schedule and in the location of their choosing.
- Quicker Refunds: Most refunds arrive in less than 21 days when users electronically file their returns.
- Stronger Security: Using an e-file solution can help reduce the risk of losing paper documents or anyone stealing them once you mail them.
- Compliance: Users who invest in self-employed online tax filing software gain built-in error checks that flag many, if not all, errors.
There is a less than 1% error rate for e-filed returns compared to 21% for paper returns.
Drawbacks of Self-Employed Filing
- Cost: Certain tax filing software may exceed an individual’s budget, but free versions may not provide the forms that self-employed individuals require. Using an affordable solution, like our software, can meet users halfway.
- Mistakes: Forgetting a deduction or misreporting your income may not be caught by a program. Tax software is only as accurate as the data that you enter into it.
- Lack of Support: A tax software provider may assist its users with technical issues, but you may find that you need specific financial support from an accountant.
- Learning Curve: Complex financial situations, including real estate investments or depreciation, might require more comprehensive support.
Is AMS Software Right For You?
It may take some time to decide if self-employed online tax filing software is the right choice for your personal finances. Review everything that you will need to cover and then speak with one of our live team members who is familiar with our products and all that they offer users.
E-File Direct
- Flat fee
- Unlimited number of form filings
- Users can verify, view, and print files
E-File Services
- Volume pricing (fee per form)
- Forms are e-filed through a third-party vendor
- Different service levels available