You Can Now File Your Taxes Via iPhone
In case you missed the biggest news in the world of electronic tax filing, Intuit has announced the iOS arrival of its hugely popular tax software TurboTax, making it possible to complete and file your federal and state income tax return for 2010 via iPhone. If you plan to e-file - and have remarkably simple tax needs - this free app dubbed SnapTax may be for you.
"SnapTax offers an entirely new and unique way to file taxes," said Barry Saik, vice president of product management for TurboTax. "Now, millions of taxpayers across the country can do their taxes easily and accurately from their mobile phones in just minutes." According to Saik and the promotional material available about SnapTax, the mobile app is fairly straightforward. The filing process begins by photographing your W-2 form(s) from the iPhone or an Android-powered smartphone. The app then "extracts the data" via optical character recognition technology. Pretty nifty, indeed.
In minutes you can complete and review your completed tax return. If there are no problems, you can e-file directly from your phone. But there are several catches to the process, not the least of which are the simplistic requirements of your tax needs. For instance, your reported income can only be logged from W-2, interest or unemployment forms. Also, if you earned more than $80,000 (single) or $100,000 (married) in 2010, the app is not for you.
Although the app is "free" and available now for download http://itunes.apple.com/us/app/turbo...406364213?mt=8
there's a $14.99 charge to e-file your returns from the iPhone.