Features

1040.com is a developer of income tax software based in Franklin, North Carolina. The company is owned by Drake Software, which has been in business since 1977 and has an A rating with the BBB. Drake Software provides tax software and business services to over 50,000 tax professionals throughout the United States. 1040.com provides professional grade tax filing services directly to consumers. In 2015, over 15 million federal income tax returns were filed using its online platform.

Compare Jackson Hewitt with other leading tax preparation services to ensure you are getting the best deal possible.

What Services Does 1040.com Offer?

1040.com provides the following services:

·          Maximum Refund Guarantee for Federal and State Tax Returns (Moneyback Guarantee)

·          100% Accurate Calculations Guarantee on Federal and State Tax Returns (Will pay penalties and interest)

·          E-file Service

·          Account Information Roll Over

·          Automatically imports W-2 tax forms

·          Printing of Tax Return

·          Complex Tax Filing

·          Online Backup and Archive

·          Federal Tax Extension

·          State Tax Filing and Preparation

·          Amended Tax Return

·          U.S.-based Customer Service

·          Pay With Your Refund

What Is 1040.com's Pricing Structure?

1040.com has three editions: a free edition, a deluxe edition ($19.95), and a premium edition ($39.95). The price of filing a state return is not included and varies depending on the version you choose.

The free edition offers free federal tax filing, but state costs $9.95. 1040.com’s free edition includes all the features listed in the deluxe and premium edition (see above), but it only covers the simplest of tax returns. The free version is designed for taxpayers who are filing as single or married filing jointly. They must also earn less than $100,000, have no dependents, receive no investment or retirement income, and must not be self-employed.

The deluxe edition is $19.95 for federal and $14.95 for state returns. It is valid for all types of statuses (single, married filing jointly or separately) but is only designed for taxpayers who earn less than $100,000. However, it does provide coverage for families with children and other dependents and includes most tax credit and deductions, such as child care, education tax breaks, and credit for retirement savings. This edition does not include itemized deductions or self-employed income, so it is not appropriate for freelancers or small business owners.

The premium edition is $39.95 for federal and $19.95 for tax returns. It provides coverage for all statuses and income levels. This edition includes all the tax features of the deluxe edition plus itemized deductions (Schedule A), self-employment income (Schedule C), investment income, small business income (Schedule C) and pass-through entity income.

What Are the Advantages & Disadvantages of 1040.com?

1040.com offers an inexpensive way of filing state and federal tax returns. However, it lacks essential features such as audit assistance and personalized customer care by phone. Taxpayers with simple tax returns can get free federal filing, but they will have to pay $9.95 for federal. Other tax preparation companies, such as TurboTax, provides free federal and state filing services for simple tax returns.

Benefits of 1040.com:

·          Customers with simple tax returns can file federal tax returns for free.

·          Free customers get access to the same features as paying users

·          It includes similar features to TurboTax at a lower cost.

·          The software provides free advice on credits and deductions.

·          Returning users are not charged additional fees for rolling-over prior year tax data.

·          Automatic Error Detection

Disadvantages of 1040.com:

·          State returns are priced separately

·          Does not provide in-person support

·          No phone or email address to contact

·          No audit assistance

Compare 1040.com with other leading tax preparation services to ensure you are getting the best deal possible.

  • File In Store
  • File Online
  • Software
  • Federal plus State Price
    $40
  • Online Federal Return Price
    $20
  • State Return Price
    $20
  • Business
  • Personal
  • Business Owner/Self Employed
  • Estate/Trust/Retirement
  • Investment and Rental Property
  • Sales and Use Tax
  • Payroll/1099
  • Property Tax
  • Audit Support
  • Automatic Error Detection
  • e-File Included
  • State Tax Returns Included
  • Tax Deduction Finder
  • Income Tax Prep
  • C-Corporation
  • LLC
  • Partnership
  • S-Corporation
  • Sole Propietorship
  • Best Return Guarantee
  • IRS FreeFile

Tax Preparation Products

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js-table-filter file-online-539
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js-table-filter tax-deduction-finder-295
js-table-filter income-tax-prep-304
js-table-filter estate-trust-retirement-305
js-table-filter investment-and-rental-property-306

  • File Online
  • Software
Federal Edition Price $20
Federal plus State Price $40
State Return Price $20
052
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js-table-filter audit-assistance-297
js-table-filter business-owner-self-employed-310
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js-table-filter sole-propietorship-323
js-table-filter tax-deduction-finder-295
js-table-filter income-tax-prep-304
js-table-filter estate-trust-retirement-305
js-table-filter investment-and-rental-property-306
js-table-filter sales-and-use-tax-307
js-table-filter payroll/1099-308
js-table-filter property-tax-309

  • File Online
  • Software
Federal Edition Price $40
Federal plus State Price $60
State Return Price $20
052
js-table-filter bizname-1040com-free
js-table-filter automatic-error-detection-313
js-table-filter business-owner-self-employed-310
js-table-filter e-file-included-296
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js-table-filter s-corporation-319
js-table-filter software-541
js-table-filter state-tax-returns-included-294
js-table-filter tax-deduction-finder-295

  • File Online
  • Software
Federal plus State Price $20
State Return Price $20
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0 votes

I am extremely disappointed with 1040.com. I was under the assumption that I was using a free site to file my taxes, but right at the very end they showed a filing fee. My concern stems from the questionable trustworthiness this site has. If they have a fee, state it up front, no problem. I am super frustrated now because I don't want to start over. I paid the fee and am now waiting on my return.


0 votes

For whatever reason, my tax return was rejected by the IRS while using 1040.com two separate times. They charge you a fee to refile, which is ridiculous because as a tax preparing site, shouldn't they help you out and double check your returns so this doesn't happen?? I was fuming over this but have invested so much time. I'm trying to figure all this out, but 1040.com is not the most helpful. I have learned my lesson and will stay away next year.


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