What are the advantages and disadvantages of traditional software-based and web-based tax filing system?
With the web-based system, you can work anytime, anywhere with internet access. You never need to transfer or update tax data among your office, home, and laptop computers. Your tax data are automatically saved and backed up securely. The disadvantages of a web-based system include (a) you need internet access to prepare or e-file your tax returns and (b) although you can store a copy of a tax return in Adobe Acrobat format in your computer, you cannot make any changes to the tax returns unless you log into your account online.
