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A promotional video for TurboTax’s iPad mobile app suggests that users can do their taxes while reclining on the floor, sitting in the lotus position or relaxing in a hammock. But given the complexity of the tax code, is this really a task you want to undertake from a prone position? And is it prudent to type sensitive financial information into a device that you might leave in the back of a cab? Such is the promise and peril of tax apps for mobile devices. The rapid growth of iPads, Androids and other tablets has prompted the major tax software providers to develop apps that contain most of the features offered by their online programs. Meanwhile, you can use your smartphone to track your refund, check your eligibility for tax credits or get help from the IRS. Here’s a look at what’s available: TurboTax for iPad This application supports TurboTax’s Deluxe, Premier, and Home and Business products. However, Deluxe is the only app you can download from the iTunes store. After that, you can upgrade if necessary. You can download and try out the app for free. There’s a fee to e-file and print your return. Prices start at $29.99 for a federal return. A state return costs $36.99. As with TurboTax’s online products, you can import financial documents from participating employers and financial institutions. If you used TurboTax Online last year, you can also import 2010′s tax return. Once you start your tax return on the tablet app, you can’t transfer it to TurboTax online. If you start online, you can transfer the information to the iPad, but the process requires several steps. TurboTax recommends sticking with the device you start with, says spokeswoman Colleen Gatlin. Alternatively, users who want to switch back and forth can use their iPad browser to do their taxes on TurboTax online. TurboTax’s…
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Do Tax Apps on Mobile Devices Work Well?
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