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EY TaxChat Discount

If the audit is for a tax return prepared by someone other than EY TaxChat, please contact your previous tax preparer.. Anyone can hang a shingle and dole out advice from under a green-shaded visor, and much of the info given will probably be right. But “probably” is cold comfort if you find yourself across a desk or a Zoom call with an IRS auditor discussing your 2021 tax filing. Complying with tax laws and regulations that are constantly changing is a challenge. EY has been helping people and businesses do their taxes right since 1903 — that’s a lot of experience and knowledge feeding into a service you can procure for yourself.

  1. H&R Block may be cheaper than EY TaxChat for certain situations.
  2. EY TaxChat covers all aspects of your 2021 tax filing — personal 1040s, 1065 business returns, Form 1120 corporate returns — and provides all the advice you need to complete them and troubleshoot your tax issues.
  3. You can expect to pay more if you have multiple sources of income, homeownership deductions, investment gains, business expenses, or rental property.

Charges vary for tax preparation depending on the complexity of your financial situation and whether you need to file more than one state tax return. A single filer with no dependents and income from one job in New York who contributed to a retirement account and paid student loan interest can expect to pay at least $320. EY TaxChat is an on-demand mobile service that connects you with a licensed tax professional who will prepare your taxes and file them for you. Click here to learn more and register for EY TaxChat at any time, from anywhere, or by downloading the app from the Apple App Store or GooglePlay Store. In fact, when I got a price to prepare a relatively simple return — single filer, no dependents, income from one W-2, student loan interest and filing in only one state — the quote I received was $234, including taxes.

EY TaxChat, the on-demand tax preparation service of accounting giant Ernst & Young Global Limited, connects individuals with knowledgeable tax professionals who can prepare and file tax returns entirely online. It’s a fairly affordable option if your tax returns tend to be complex and you’re willing to pay extra to turn the work over to a pro. But EY TaxChat is more expensive than the various do-it-yourself tax solutions, so it may not be a good choice if you’ve got a simple return. EY announces EY TaxChat™, the first direct-to-consumer EY tax service, which will be available to individual taxpayers in several countries around the world. An on-demand mobile tax preparation service, EY TaxChat offers personalized service from a licensed EY professional who will prepare and file tax returns on the taxpayer’s behalf. The service is currently available to consumers in the United Kingdom and the United States, with Brazil, Canada, Australia and France coming online later in 2020.

TurboTax Live, which matches customers with a tax expert who will prepare their taxes from start to finish, charges as much as $409 to prepare a federal return (for the self-employed), plus up to $64 per state return. You can get an idea of your costs pretty early in the process. Once you answer a few questions about your tax situation, EY provides a quote.

The service is backed by Ernst & Young LLP, one of the Big Four accounting firms, and all of the tax preparers are either certified public accountants or enrolled agents. Pricing for EY TaxChat starts at $199, and that base fee includes your federal return and one state return. But your cost could be higher depending on how complex your tax return is and how many state or local returns you need to file. If the audit is for a tax return prepared by EY TaxChat, we can discuss with you the options we provide as part of a separate services agreement.

Customer feedback

Neither EY nor any member firm thereof shall bear any responsibility whatsoever for the content, accuracy or security of any third-party websites referenced. Cryptocurrency is a type of virtual currency that uses cryptography to secure transactions that are digitally recorded on a distributed ledger, such as a blockchain. By contrast, https://turbo-tax.org/ does not maintain copies of your returns. A year’s filed tax returns are available only through the EY TaxChat dashboard through Nov. 1, so the company strongly encourages users to download electronic copies of their returns for their records. However, if your return is complicated and you’re willing to pay more for the peace of mind that comes from having your tax return prepared by a pro, it’s a relatively inexpensive option.

If you have not provided all of your documentation by that date, we will do our best to complete your returns before the due date, however, we may need to file an extension of your returns. Please note that e-filing is dependent on your prompt return of your signed e-file authorization forms. After you go through the registration process, you will be given a list of documents that are required, based on your personal circumstances (e.g., homeowners need to provide mortgage interest and real estate tax information). You can send us a chat if you have any questions about which documents are sufficient or required.

Frequently Asked Questions

The more detail you provide at this stage, the more accurate your estimate will be. If you forget to mention that you earned money from a side gig or sold cryptocurrency in 2023, the cost to prepare your return will go up. Our experts answer readers’ tax questions and write unbiased product reviews (here’s how we assess tax products).

Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com. With ey taxchat™, you’ll get 1-on-1 tax guidance from an experienced tax professional who’ll prepare and file your taxes for you—all from the comfort of your home.

About EY TaxChat™

Additional state returns cost more as do many other extra forms and services. You will pay more for a complicated personal return as a Schedule C business owner or self-employed person, for example, but EY TaxChat’s transparent pricing makes sure there are no surprises. Ernst & Young Global Limited, now rebranded as EY, is considered one of the Big Four accounting firms in the world.

EY TaxChat pros

Users sometimes worry about the security of uploaded tax documents, especially because they contain so much sensitive personal information. EY TaxChat uses multiple encryption protocols for data and document security and employs EY professional information security practices so your data is protected at all times. If audited later for a tax return prepared by EY TaxChat, a tax expert will be ready to help you as part of a separate services agreement with additional cost. EY TaxChat commits to a response to your chat within 48 hours during business hours and usually much sooner. If you receive a chat message but are not actively using the app, you’ll receive an email and see the new chat notification within the app. If one of the primary reasons you’d prefer a professional to complete your return is because you’ve earned money through cryptocurrency, EY TaxChat could be a good bet for you.

Different tax pros have varied strengths, and EY algorithms match your specific situation with experts in those areas. For example, your construction business or NFT minting gig will benefit from a tax pro with relevant experience. You don’t have to worry about whether the financial information you share with your tax preparer is secure because you can do it all through the EY TaxChat app. Everything, from uploading documents and messaging with your tax preparer, can be handled through the secure app.

The base fee for the service includes your federal return and one state return. While registering, we request that you to provide us the estimated number of state/local tax returns that you will need prepared. Using EY TaxChat for your 2021 tax filing comes with a host of benefits — with convenience and personal service being named joint MVPs. You get to work with a human being without actually having to go to that person’s office. Once you sign up, you’ll have a dedicated tax expert from whom you can get unlimited tax advice.

EY TaxChat offers full-service tax preparation with a certified public accountant (CPA) or enrolled agent — online or through its app. It’s a great fit for those with complex returns, but it’s one of the more expensive options we’ve seen, so it’s probably not right for those with simpler taxes. EY TaxChat offers a streamlined digital tax prep experience for those who want to hand the task off to a professional, though it could be more expensive for simple filers than TurboTax or H&R Block’s full service offerings.

Read on to learn more about the benefits you get when you hire EY TaxChat to do your taxes. After uploading all of the required documentation, your tax pro will prepare your return. After reviewing it, you can pay the fee via debit or credit card and provide deposit details for your refund if you’re getting one. Throughout the process, you can refer to a handy status bar on your account dashboard to see which steps still need to be completed. EY TaxChat is best for someone who wants their taxes done by a professional but doesn’t want to spend time vetting people.


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