How does Virtual Tax Preparation work?
Virtual tax preparation is not about filing your tax return using DIY Tax Software. Instead, virtual tax preparation is having an expert prepare your tax returns without leaving the convenience of your home or office. With virtual tax preparation, you simply complete a secure online questionnaire and upload all tax documents. Once your tax expert has completed preparing your return, you will receive a copy of your return to review and, upon approval, electronically files your returns.
What are the benefits of Virtual Tax Preparation?
In the past, before DIY Tax Software was even available on the market, most taxpayers had to schedule an appointment with a local accountant, drive to their office, and wait in line to complete their returns. Today, however, there is a much more efficient solution. Virtual tax preparation allows you to still have your taxes completed by a tax professional, without the need to schedule a meeting and bring binders of paperwork you collected in order to file your tax returns. All documentation you received can be easily uploaded securely without the need to leave your home or office. Even without a scanner, you can easily snap a picture of a tax document and upload it securely to your virtual tax expert. Most companies provide digital copies of tax documents including W-2, Mortgage Interest, Investment Summary Reports, and 1099s which makes uploading these documents extremely easy.
Is Virtual Tax Preparation secure?
While we cannot speak for other virtual accounting offices, we take client-sensitive data security very seriously. The form we use to exchange client information uses a high level of encryption technology; the same technology is used to access your online banking information. Since your sensitive financial information is now stored in a highly secure cloud system rather than in a traditional filing cabinet at your local accountant’s office, your information is much more protected and secure.
What are the benefits of having digital tax records?
The IRS accepts digital versions of paper documents therefore, keeping all your records in a digital format allows you to save space and reduce the chance that important financial documents can become illegible or destroyed over time. Tax documents stored in a hot attic for seven years can become illegible, which can be a real issue if you were audited by the IRS. Virtual tax preparation allows you to download a copy of the tax return and store all documents indefinitely without the need to print out any documentation.
We have highly trained and experienced tax professionals to assist with all of your tax filing needs. Leverage the expertise of our highly trained tax professionals to assist you with your tax needs directly from the comfort of your own home.
