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Tax Preparation Services

March 15, 2014

The year 2013 was great for the stock market, with each of our major indexes finishing up more than 25%. If you were one of the lucky (or unlucky, as the case may be) investors who managed to lock in gains in taxable accounts, you have capital gains taxes to look forward to. Whatever your situation, tax time can still be an arduous process. However, the rise of the Internet and computing power has made it easier than ever to do your own taxes quickly and affordably.

As usual around this time of year, Computerized Investing reviews some of the best tax preparation services. For many individual investors, these services are more than enough to assist in completing tax forms and filing them. These programs also offer various levels of service for investors in different situations.

Our top tax preparation services remain the same as last year: TurboTax, H&R Block and TaxACT. There are other services out there, but we find these three to be the most refined and easy to use. The bottom line is that if you are comfortable using a computer to file your own taxes and your tax situation is not overly complicated, any of these three services should be all you need to finish and file your taxes. However, if you have a complicated tax situation, such as owning your own business or multiple rental properties, hiring an expert may be a better choice.

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