Tax Software Options 1030 Tax Preparation 2023-2024
Channel: Accounting Instruction, Help, & How To
Date: 2024-02-22

Tax Software Options
Tax Preparation 2023-2024
Playlist: https://www.youtube.com/playlist?list=PL60SIT917rv5z5yILFZbmY3xGO-B6sCKQ
Quizlet Course: https://quizlet.com/join/ryFQgpkBD
Quizlet Notes: https://quizlet.com/notes/1a588f7f-4b54-4ce0-ad6a-b17d86a9b997?i=5otot7&x=13qt

0:00 Introduction to Income Tax 2023: Approaches to Understanding the Income Tax Code
1:32 Types of Tax Software: Professional vs. Individual Software
4:01 Choosing Tax Software: Considerations and Options for Individuals and Professionals
6:09 Desktop vs. Online Tax Software: Security, Accessibility, and User Preferences
8:29 Price and Long-Term Suitability: Choosing the Right Tax Software for Future Needs
11:24 Accessing and Using Lert Tax Software: Navigating Intuit's Website and Free Trial Options
15:25 Using IRS Tax Forms and Instructions: Alternative to Tax Software
General Approaches to Income Tax Code
Visualizing a more elegant and simplified formula for income tax preparation
Gaining familiarity with the entire tax form for visualization purposes
Accessing tax forms at the IRS website irs.gov
Types of Tax Software
Professional software used by CPA firms for multiple tax returns
Individual software like Turbo Tax for personal tax returns
Accessing forms through the software for easier data input and comparison with visualized formulas
Considerations for Choosing Software
Individual tax software is suitable for personal tax returns
Professional software is more efficient for businesses and multiple tax returns
Long-term consideration: choosing software that can accommodate growth and complex tax returns
Desktop vs Online Software
Desktop software like Lert is installed on the computer
Online software provides accessibility from any location
Considerations for security and potential vulnerabilities of online software
Price and Long-Term Suitability
Lert as an example of professional software with flexible pricing options
Choosing software that can grow with the business and handle complex tax returns
Considerations for long-term use and potential limitations of cheaper software
Accessing and Using Lert Tax Software
Accessing Lert through Intuit's website
Exploring the features and free trial options
Pricing options and considerations for cost-effectiveness
Using Tax Forms and Instructions
Accessing tax forms and instructions from the IRS website irs.gov
Utilizing the tax summary tool for double-checking in Excel
Exploring the features and tools for efficient tax preparation