Analysis Says TurboTax is Killer App
CPAs and accounting professionals often are asked about the advantages of filing online. Here's a new angle to an already crowded playing field: Annette Hamilton of ZDNet News has christened Intuit's TurboTax the next "killer app."
The accounting news channels have been filled with story after story of online preparation sites, including H&R Block, H.D. Vest and Intuit. However, given the fact that this is only the second year taxpayers can file online, the gains are expected to be huge by the tax deadline--as high as 1 million users, according to Forrester Research.
Hamilton deems TurboTax a killer app because of three reasons:
In the future, taxpayers may even receive a $10 tax credit if President Clinton has his way; he is proposing a credit just for filing online.