Tax season is a stressful period of time for any US citizen or an enterprise. Everyone strives to be prepared in the best possible way in advance. Here comes an exciting possibility to simplify the process by using free apps that allow calculating taxes, preparing tax returns, filling automatically W-2 forms, tracking refunds, and just giving some handy tips to avoid huge challenges.
Let’s touch upon the Top-8 of such mobile apps and their features.
1) TurboTax Tax Return App (5,702 All Versions Ratings on iTunes; 1,000,000 – 5,000,000 downloads from Google Play) is an ideal app for employers who need reporting taxes to the Internal Revenue Service (IRS). It is easy to use: you just provide the picture of your W-2, answer some painless questions about yourself, and e-file securely from your device. Then, TurboTax Tax Return App shoots everything over to the IRS.
The apps is free to download, but e-filing is carried out on a paid basis. Furthermore, on-screen videos will help you to handle the most complicated scenarios.
2) Its Deductible Donation Tracker (390 Ratings), a companion to Intuit’s TurboTax, provides for an efficient method to track donations and receive maximum deductions for your charitable activities.
Using this app you can import your donations into TurboTax, avoid constant IRS audits, value donated items, etc.
3) MyBlock (1,314 Ratings; 1,000,000 – 5,000,000 downloads) by H&R Block Mobile answers the question everyone’s interested in: “Where’s my refund?”
Here you get a chance to check the status of your federal and state refunds and appoint a meeting with a local tax expert who will help you with feasible difficulties.
4) IRS2Go (1,279 Ratings; 5,000,000 – 10,000,000 downloads) – another mobile app where you can track tax refunds, examine archive documentation, search for tax calculation providers, relish practical tax tips, and follow IRS communications in social networks.
5) MileIQ (7,840 Ratings; 1,000,000 – 5,000,000 downloads) is a mileage tracker for business trips. This app helps you do accurate expenses reports to your employer and deduct mileage on your tax return.
MileIQ automatically tracks your drives, gives additional drive details (parking, vehicles, tolls), stores them in a cloud. Then, this information can be submitted to anyone who requests it, including the Internal Revenue Service.
6) Shoe boxed (3,933 Ratings; 50,000 – 100,000 downloads) also deals with tracking mileage, but its feature is that the app records receipts and credit cards statements, creating expenses reports. Shoe boxed scans receipts via a mobile cam and saves the necessary info for the IRS.
7) Bloomberg BNA Quick Tax Reference (40 Ratings; 100,000 – 500,000 downloads) features tax rates and schedules, and its built-in tax calculator speeds up all the procedures. Such an app is ideal for individual and corporate tax calculations, estate and gift tax rates.
8) Ask a CPA (31 Ratings; 1,000 – 5,000 installations) is a great information tool for surfing the world of taxation. Here you become acquainted with the latest tax changes, ask tricky and hot button questions. The app is a godsend to individual taxpayers, accounting students, startups, and small businesses.
All the above mentioned apps meet a certain objective, let it be tax calculations, tracking mileage for tax reports to the IRS, or just valuable tips/help on tax issues. The question is whether it’s possible to unite the maximum number of features in just one app. Savvy IT experts in financial apps development believe nothing is impossible on the way of making the tax season less stressful for you.