What to Know About Tax Filing Software

The type of tax filing software that you get and when you get it depends on multiple factors for each user. Individual tax filers and small business tax filers will have different needs when they get a new software program. Yet the main priorities of ensuring the accuracy, affordability, and efficiency of tax filing are universal.

There is a less than 1% error rate for e-filed returns compared to 21% for paper returns.

Advanced Micro Solutions’ 1099-etc E-Filer software allows every user to eliminate the cost of expensive 1099 and W-2 forms. Our system will further help you when it comes to:

  • Saving time
  • Reducing materials
  • Not needing to load special forms into a printer

Cutting down on your repetitive tax filing tasks will make the entire process less error prone and give you more time to focus on other responsibilities. Users can choose either our E-File Direct (add-on module) or E-File Services option.

 

Who Needs Tax Filing Software?

Filing taxes with software rather than outsourcing it is a choice that may make sense now or may be preferable at a later date. Even if it is not ideal for everyone, there are programs that provide certain users with excellent flexibility and customization.

 

Individuals with Simple Taxes

Spending money to outsource your finances to a third-party provider might not be in your best interest or even necessary. Tax software is a good choice for:

  • Users with W-2 income from a single job
  • Users who are taking the standard deduction
  • Users who possess limited interest income

 

Tax Filers with a Budget

Getting the most affordable tax filing software on the market is why users prefer our 1099-etc E-Filer to the competition. It is easy to get swept up by the widely available free versions of a software program for tax filers. Keep in mind that the programs often have limits on what you can do before needing to pay for higher-tiered features.

 

Tax Filers Looking For A Quick Refund

Getting a refund sooner rather than later is one of the associated perks when it comes to electronically filing with a software program.

Most refunds arrive in less than 21 days for electronically filed returns.

Keeping the entire filing process on track and not needing to wait for an accountant to finish your financial responsibilities can result in less time spent waiting for a refund to arrive.

 

People Who Prefer DIY Tax Filing

Using tax filing software is ideal for users who:

  • Feel confident entering their own financial data
  • Have no difficulty answering a series of questions

 

The most comprehensive software should perform any complex calculations and help to keep you organized as a low-cost solution throughout the tax season.

 

Who Should Avoid Filing Taxes with Software?

Getting a tax filing program might not be the best fit for you right now, but there is no harm in planning for the future. If you are unsure whether or not you should get software for you or a business, it is best to reconsider software if:

Your tax returns are complex. Complicated financial returns might make hiring a professional for yourself or your business more suitable than getting any tax filing software. Investing in tax software is not always an ideal option for users who:

  • Are self-employed or have freelance income
  • Work multiple jobs or side gigs
  • Own a business or rental properties
  • Have itemized deductions

 

You recently went through a major life change. There are a number of situations that can change an individual’s tax situation, such as:

  • Marriage
  • Divorce
  • A new child
  • Buying a home

Hiring new employees or independent contractors can also change a business’s ability to manage their tax filings. If you still choose to use software, users will want to make sure to search for one with adaptable and scalable features.

The business requires personalized advice. Trustworthy software will help you prepare your returns, but you may need custom financial or tax planning advice. It is important to weigh your needs sooner rather than later to develop a long-term strategy.

 

E-File with AMS Software

Download our free 1099-etc Demo software today to see how our E-Filer operates with the base W-2/1099 Forms Filer program or as part of a full-accounting suite of tools.

 

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

As a small business, we understand the importance of transparency and communication. Our live experts are available to answer your technical questions about our tax filing software or to further explain the information available on our Frequently Asked Questions page.

Software Solutions from AMS

Our W-2 and 1099 Forms Filer is our only required platform. From there, users pick the services they need. Choose from the tools below to build out your customized accounting software.