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1040.com is the online version of the Drake tax software. The professional tax software from Drake software is very popular among tax professional. This year they are entering into the individual tax preparation software market as well with a redesigned website at 1040.com. The domain name was very popular for some time and was a source of information for tax forms. With very good looking web site, Drake software will be able to take advantage of their popular search term as well as popularity of their tax form collections.
The price depends on which form is selected by the tax software. The software automatically selects 1040/1040A and it will cost you $24.95 to file your return. If your taxable income is less than 100K and filing single or joint return, 1040EZ tax form will be selected and the fee will be $14.95 to file or print your final return. State return costs only $5.00 per return.
Features
1040 tax software has got two type of user interface modes, a form mode and an interview mode. By default the interview mode is selected. In the interview mode, after entering the basic information, user is presented with a long list of selections, and you can't go forward without making a selection for all interview questions. There is no select all option and it is kind of annoying to somebody who wants to skip this screen. The software user interface is designed around the tax form, similar to other software like TaxBrain or eSmartTax. If you select 'Yes' for a question, you will be given option to add a form to enter data.
If somebody is sharp eyed enough to notice the little screen switcher link in the right top corner, they can select to use a form based interface. The form based user interface looks more like a professional tax software and the user should KNOW in advance what tax form to use. This more is clearly not a good choice for an average taxpayer.
Conclusion
1040.com was around for long time, but it was know more as tax information web site than a tax preparation software. The web software is backed by the same tax engine that powers their professional tax software for around 30 years and hence you can feel confident about the accuracy of the calculation. They don't score that well in their user interface and navigation. Interview questions are not logical organized and grouped. So user need to spend more time answering questions that are relevant to their tax situation. Overall 1040.com is a good tax program for those who want to file their 1040.
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