Has anyone used FreeTaxUSA for their taxes? Concerned about how it rounds numbers

Is this the same for business expenses too? I have a small side gig and I've been tracking everything down to the cent. Should I be rounding all that stuff on my Schedule C?

Yes, this applies to business expenses on Schedule C as well. The IRS instructions for Schedule C explicitly state "Round off cents to whole dollars on your Schedule C and schedules." This is consistent across all forms. When you're keeping your own records, it's good to track everything down to the cent for accuracy. But when transferring to tax forms, rounding to the nearest dollar is not only acceptable but preferred. The difference in your final tax amount will be negligible, and it significantly reduces processing errors.

Does taxr.ai work with other tax software too? I'm using H&R Block online and sometimes get confused about where to enter certain things.

How does the document analysis actually work? I'm always nervous about uploading my financial docs to random websites. Is it secure?

It works with any tax software since it just analyzes your documents and tells you what goes where. I've used it with both FreeTaxUSA and Credit Karma Tax (now Cash App Taxes) with no problems. The document analysis is actually super secure - they use bank-level encryption for uploads and the analysis. They don't store your documents after processing either. I was hesitant at first too, but they explain their security measures on their site. Basically it just reads your tax forms and translates all that confusing tax jargon into plain instructions.

Wait, how does that even work? The IRS phone system is notoriously impossible. How can a third-party service magically get you through?

This sounds like a scam. There's no way some random service can get you through to the IRS faster than everyone else. They probably just take your money and you still wait forever.

It's actually pretty straightforward - they use an automated system that continually calls and navigates the IRS phone tree for you. When they secure a spot in the queue, they call you and connect you directly to the IRS. No need for you to keep redialing or wait on hold for hours. They don't do anything special that gives you priority over other callers - they just handle the frustrating part of constantly redialing when the lines are busy. Once you're in the queue, you're in the same position as anyone else who managed to get through, but without the hours of frustration trying to get there.

Thanks for bringing that up! I actually have some dividend income from a few stocks. Should I be double-checking specific forms or sections after FreeTaxUSA imports them?

You should definitely review the Schedule B if you have dividend and interest income. FreeTaxUSA sometimes misses smaller financial institutions or categorizes things incorrectly during imports. I particularly recommend double-checking that all your 1099-DIV and 1099-INT forms are fully accounted for. Sometimes qualified dividends might not get properly categorized, which can affect your tax rate. Also, if you have foreign dividends, make sure the foreign tax paid is correctly entered so you can claim the foreign tax credit.

FreeTaxUSA's crypto section is decent but limited. I ended up using CoinTracker first to generate all my crypto transactions and then entered the totals into FreeTaxUSA. Worked much better that way.