Accounting International Marketable Securities Standard

As income tax laws in the US, UK and Canada are complicated, a taxpayer usually needs help from a professional tax preparer to file tax returns. According to the Internal Revenue Service (IRS) of United States Department of the Treasury, 57.7% of the American individual tax returns in 2008 were filed with the assistance of paid tax preparers such as IRS tax lawyers and tax accountants.

In the United States, a professional tax preparation service could cost several hundreds of US dollars to an individual or business taxpayer. If a taxpayer does not want to pay for these kinds of professional services, he or she can seek for assistance from a tax preparation software system.

Commercial or Free Open Source Tax Preparation Software Prices

Tax preparation software can help a taxpayer easily prepare the filing of income tax returns. A commercial software application can be fully-featured but may cost hundreds of dollars. On the other hand, an open source software program is usually available for free download online but does not provide full functionality.

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