What You Need to Know About the Best Income Tax Filing Software

Finding the best income tax filing software should not come with strings attached that make the process of navigating the next tax season harder. Electronic filing tools can help individuals and small businesses by providing users with:

  • An intuitive interface
  • Quicker returns
  • Fewer costly mistakes

Although electronic filing software does not eliminate all mistakes, the most comprehensive tax filing software should catch the major errors. Whether you are worried about making common calculation errors or omitting information, Advanced Micro Solutions’ 1099-etc E-Filer makes it so users can save time rather than double- and triple-checking forms.

The error rate for e-filed returns is 1% compared to the 21% error rate for paper returns.

Our E-Filer comes with two possible options: E-File Direct (add-on) or E-File Services. Users will not find a more affordable option on the market for an E-Filer or a full-accounting suite of tools.

 

What are the Best Income Tax Filing Software Features?

Prioritizing tax filing software that offers user-friendliness, affordability, and powerful functionality will enable a software user to maximize refunds and ensure total accuracy. Each user has their own unique priorities based on their tax situation.

 

What are the Top Tax Software Features for All Filers?

All filers should prioritize getting:

Data Security – High quality software can utilize a full range of features or specific ones, like:

  • Payer backup and restore
  • End-to-end encryption
  • Passwords and limitations

 

An Intuitive System – Look for tax filing software that does not weigh you down with jargon or complicated filing steps. Step-by-step guidance once you get the best income tax filing software means there will be minimal confusion when it is time to create files in your program’s directory.

Automation – Tax filing can become repetitive and is an error-prone process if you lose focus. A reliable program can significantly reduce the risk of making human errors by:

  • Performing the necessary calculations
  • Flagging potential errors or oversights
  • Prompting users to enter missing information before filing

 

Easy Importing – Individuals and small businesses need to know that their software systems are fully compatible. Ensuring that W-2s and 1099s can be imported will allow you to:

  • Save time by reducing or eliminating manual entries
  • Save resources like printer paper and special ink

 

What are the Top Tax Software Features for Advanced Needs?

The best income tax filing software looks different for each person. It is crucial not to take a one-size-fits-all approach, especially if you require a specialized system for optimal support. Look for a specialized system if you need:

Self-employed and/or business support – Freelancers and business owners have unique tax needs compared to the average filer. Invest in a system that can handle:

  • Business income and expenses (i.e.: Schedule C)
  • Quarterly estimated tax payments
  • Integration with accounting programs (i.e.: QuickBooks)

 

Dedicated Support – Tax filers with any level of experience may find themselves in need of support. Speak with any prospective tax filing vendor and see if they offer:

  • Live call and/or chat features
  • Troubleshooting methods
  • Video tutorials

 

What are the Best Tax Software Features for Budget-Conscious Filers?

The best income tax filing software does not always require bells and whistles. Users with simple tax situations that only include W-2 income and standard deductions should review:

Flat-Rate Pricing – Low flat rates that cover your federal returns and unlimited state returns can make some tax filers’ lives easier and more affordable.

Transparent Pricing – “Free” versions of tax filing software may seem appealing. Make sure that you are not taken advantage of by a vendor who later charges you for upgrades after you need to input more complex information.

 

E-Filing with AMS Software

Electronic filing software should not be one-size-fits-all. Try a demo or a trial of a program if you really want to see how it works with your data. Download our 1099-etc Demo software for a free walk-through of each program module using our best income tax filing software database.

 

E-File Direct

  • Flat fee
  • Unlimited number of form filings
  • Users can verify, view, and print files
  • Ability to create state W-2 files for any state

 

E-File Services

  • Volume pricing (fee per form)
  • Forms are e-filed through a third-party vendor
  • Different service levels available
  • Customizable to each user’s time and budgetary restraints

 

Our E-Filer is one of six optional add-on modules that can be purchased with our base W-2/1099 Forms Filer program. The other five modules are:

  • AMS Payroll
  • Software Generated Forms
  • Forms Filer Plus
  • 1042-S Filer
  • Affordable Care Act Filer

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.