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TaxAct (www.taxact.com) is operated by 2nd Story, a development and marketing company specializing in tax preparation software and web-based services. TaxAct is the company’s best selling product and offers the highest degree of accuracy and completeness. The product is available in both a web-based and software version. Taxpayers can enter in data either in an interview format or a forms-based entry method. TaxAct Online Standard and Standard Software for Windows are free and contain the most common forms, worksheets, and schedules enabling users to prepare, print, and e-file their federal tax returns. For taxpayers that wish to receive extra advice or have a more complicated tax return, the TaxAct Deluxe Edition is right for them and costs only $12.95. The company guarantees 100% accuracy in its products and services and if you are assessed a tax penalty due to a calculation error; TaxAct will pay the penalty and interest.
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