Sigma Tax Pro studied new data from the IRS showing that around 60% of tax returns are filed by a tax professional. Consumers are still unsure of navigating complex IRS guidelines on their own.
While many tax professionals are concerned about software that allows individuals to file their own taxes, data from the IRS shows the majority of Americans prefer to hire a professional. This even applies to more tech savvy high wage earners as they often have to file more complex tax returns. Moreover, as IRS guidelines change each year, many taxpayers are concerned there may be new deductions they are missing.
The IRS has taken steps to make it easier for individuals to file their own tax returns with Free File. This allows taxpayers to file their taxes for free if they make less than $58,000 per year. However it is still the minority of Americans who take advantage of this service. This may be in large part due to tax credits that are available for low income families, taxpayers want to be sure they are getting the maximum refund available to them.
It is also the fear of IRS audits that drives many people toward tax professionals when it comes time to file their tax returns. Taxpayers are aware of the onerous requirements of an IRS audit and would rather get professional advice than risk making a mistake that might trigger an audit. This combination of factors means that for the foreseeable future the majority of Americans will continue to rely on professionals rather than using their home computer when tax time comes around.
Sigma Tax Pro provides a full range of essential services for tax professionals. This includes industry leading software solutions as well as technical support, tax preparation support and client retention strategies. The Audit Assistance program is offered to new and existing clients andcan provide them with peace of mind in the event their clients are audited by the IRS.