For 2010 Income tax return filing, there are various ways available. Which way may be good for you will depend on various factors. Let us look first at what are the various returns filing methods available in 2010.
1. Tax filing Software - One prominent way is to use income tax preparation software such as Turbo Tax. These software have become sophisticated with each year. These tax softwares are up to date regarding all the deductions and tax associated guidelines and are very user interactive.
2. Free E-filing - This is a free method and is also encouraged by IRS. That's because this reduces the paper work for them and it allows them to process the returns quickly. So if a tax filer expects a refund, the refund will also send to them quickly if this method is used in 2010 income tax return filing. However, free e-filing method doesn't guarantee that all the deductions will be incorporated.
3. Through Tax Consultants - Another popular method. Companies like Jackson Hewitt, HR block have specialist tax preparers who will prepare the returns for you and shall help you in identifying areas where you can claim deductions so that your tax liability is low.
Of course, all the three of the above methods are very popular and have their own set of advantage. So the next obvious question that comes is which method will suit you more. The answer is dependent on various factors such as how complicated is your income tax returns. If your returns filing requires a lot of deductions, then you should opt for either the a software or should go to a consultant for 2010 income tax return filing.
However if the returns are going to be straight forward, then go ahead with Free E-filing option.
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