dropTax - Productivity Tool
What is dropTax
DropTax is an online collaboration platform between tax professional and tax payer. DropTax enables safe tax information collection and is a communications tool that enables a tax payer to work online on a tax return together with a professional tax practitioner. Instead of driving to a tax professional's (TaxPro) office to have taxes prepared, users can have their taxes done together with the TaxPro online.
If a user has tax questions and is not sure about any of the answers, the TaxPro will be available to discuss and address them while they work together on the tax return. The tax payer can upload, fax or mail tax related documents to dropTax throughout the year or during tax time. These documents are safe and secure and are available at any time online.
One of the key features of dropTax is to facilitate the completion of the tax return so that the taxpayer will not only save the maximum amount of taxes allowable by law, but also assures that the return complies with the IRS tax code. In order to achieve this goal, taxpayers should provide as much information as possible. If they are unsure about something, they can just continue and discuss it later with the TaxPro.
Another important feature of dropTax is the capability that allows the taxpayer to either upload, fax, or mail their tax documents into dropTax. These documents can later be managed and will be available for online review by both the taxpayer and the TaxPro. With Internet access and a browser, users will have easy, secure access to their tax documents and returns from anywhere at anytime!
Users can begin their tax planning and organization early in the year by gathering any tax information they have received through the year and uploading or entering the information to their dropTax account. This helps the user by ensuring that any critical tax documentation is not lost and will be available during the tax season for the preparation of their return. DropTax facilitates good record-keeping which will help the taxpayer to remember the various transactions made during the year which in turn may make tax return preparation and filing a less taxing experience.
Start tax planning with your TaxPro early with the information at hand. A professional tax preparer will review your tax information you submitted online and will work with you finishing, filing (e-file or paper) your tax return.
dropTax Benefits
- Keeps track of receipts and other tax records throughout the year
- Keeps records of documentation on deductions claimed on a return. This documentation will be critical should the IRS select a return for examination. Normally, tax records should be kept for three years, but some documents - such as records relating to a home purchase or sale, stock transactions, IRA and business or rental property - should be kept longer. Examples are:
- Bills
- Credit card and other receipts
- Invoices
- Mileage logs
- Canceled, imaged or substitute checks or any other proof of payment
- Any other records to support deductions or credits claimed on a return.
- Facilitates good record-keeping throughout the year which saves time and effort when organizing and completing a return
- Uploading, faxing or mailing documentation to droptax.com enables the dropTax TaxPro to be in a better position to provide a more accurate and faster tax return
- Assistance from the TaxPro during preparation of return enables the taxpayer to successfully complete an accurate return and a return that maximizes the taxpayer's benefits
- droptax is hosted by MIXNET. Experience the benefits of application services.
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