Tax Software Review Site Posts Last Minute Tips for Small Business E-filers

It's the day before the annual April 15th tax deadline, and, if Tax-Compare.com is any indication, a sizeable number of people are rushing to file their taxes. The website, which reviews and compares the major tax software providers (http://www.tax-compare.com), has seen massive increases in traffic in the days leading up to the deadline. In order to help last-minute tax filers make decisions about their tax returns more rapidly, a new Tax Tips page has been created on the site to address specific concerns of these last-minute filers, many of whom are small business owners. As a result of a tumultuous economic year, which likely affected the net income of many small businesses, the IRS expects more tax filers to file for an extension on their taxes this year. Accordingly, Tax-Compare.com provides useful information about filing an extension and the services available to do so. This following information is taken from the website:

"If you used one of the well-known online tax software (http://www.tax-compare.com) providers to file your returns, you can easily file your extension through their web site. TurboTax has a new, free service called TurboTax Easy Extension this year. Similarly, H&R Block's TaxCut offers TaxCut Online/Software Extension, although they charge a fee of $19.95 for e-filing your return. As an added incentive, TaxCut also gives you $10 off TaxCut Premium or Signature when you file your extension through them."

In addition to information about extension filing tools, the website lists major reasons for filing an extension on taxes, common audit triggers to avoid, a database of common IRS tax forms and a discussion of the advantages and disadvantages of using and online service v. software to file taxes. Zilker Ventures, creator of FaxCompare.com (http://www.faxcompare.com), created Tax-Compare.com to provide a tool enabling users to personalize their comparison grid to compare products from different vendors that meet their personal filing requirements.

What's the one piece of tax advice that everyone should heed? Zilker Ventures COO Leo Welder says, "Although the tools available to file taxes have improved significantly over the last few years, it's still important to have your files organized before you sit down to file your taxes. (Good organization) will make using online tax software and filing tools that much easier to utilize."

Tax-Compare.com offers reviews of tax software from top provides like TurboTax, TaxCut, TaxAct and TaxBrain. The website also features a simple form that a user can quickly fill out to view a list of the tax software products that fit their needs. For more tax information and last minute tax tips, please visit the Tax Resources page on Tax-Compare.com (http://www.tax-compare.com).

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