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Wednesday February 26, 2020
Virtual Tax Service Safety
Several large tax-preparation companies offer a virtual service. Many taxpayers appreciate the convenience of using a smartphone for tax return preparation. There are multiple benefits for virtual tax preparation services.
- Convenience — There is no need for you to appear in person. Use a smartphone to scan and send W–2 Forms and other tax preparation documents. Your virtual service contact will prepare your tax returns based upon the forms you submit.
- Contact — Your tax return is completed by a member of the staff of the large tax-preparation company. The virtual service staff will usually have training similar to the other staff who are working in person with taxpayers.
- Communication — Most companies offer the ability for you to communicate with your tax preparer through a secure computer or phone line.
- Cost — There are different plans and costs for an individual, a parent with children or a business owner. Most companies have an added cost to complete a state tax return. All costs should be disclosed when you start the tax return process.
- Timing — After you upload your W–2 Forms and your related tax documents, most companies will complete and be ready to electronically file your return within 5 to 10 days.
- Security — Your documents can be transferred through a secure messaging platform. Most companies use two–factor authentication with an authentication code sent to your smartphone. You should ask for a basic overview of the security features when starting the tax return process.