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When filing your tax return you must be looking for a fast and reliable Online Tax return preparation services.  There are a number of online services that can help you out with your tax return preparation. But before selecting any such service you need to assess whether it is cost effective and does it offers maximum tax refund. How about a free tax preparation software to make your life easy. We came across a easy-to-use and free online tax preparation service - Intuit TurboTax Online Free Edition. There are a number of versions of the software ranging from basic to premium. But, we would be discussing only the free version of the tax preparation software.

TurboTax allows users to import data from a personal finance application like Quicken, Quickbooks, or Microsoft Money. This helps to keep track of their invoices and expenses. It can save a lot of time by automating some of the data entry. TurboTax offers extra guidance for tricky tax problems. Those with a simple and straight tax situation can prepare their tax return faster with TurboTax. It gives both speed and accuracy to finish the tax preparations. The software can even detect a data entry typo in your form. It includes the Deductible software that helps to calculate the fair market value of items donated to charity in Deluxe and higher versions of TurboTax.

TurboTax offers a clean and uncluttered interface that is easy to focus on while preparing their tax returns.  The Guide Me Through button is an interesting option that will guide you step-by-step through the most popular deductions and allow you skip the less popular areas of the tax form. It does the same with Income areas of the software.

The TurboTax user base has been turned into a community to share tips and provide help. The Live Community has a Question-and-Answer forum to receive help either with the software or with tax issues. This can be availed right from inside the software interface.  The software also addresses the foreclosure and mortgage debt. Overall, TurboTax is a fast and reliable software that can be of great help for those with a simple tax situation and looking  a free tax preparation solution.

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