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In early 2006, the Internal Revenue Service (IRS) released the results of a study of the nation's 2001 taxing cycle that revealed some frightening things about Americans' compliance with taxation regulations. According to the three-year study, we fell short of paying our taxes - and paying them on time - by a whopping $345 billion in that year. That figure, known as the "tax gap," represents the difference between what taxpayers were expected to pay and what they actually paid on time. Underreporting, underpaying or not filing at all have left millions of taxpayers in debt to the IRS, often out of ignorance or confusion about the law. With the help of professional tax software, many of these same people could easily have negotiated the complexities of their returns and avoided needless penalties for non-payment or evasion.

Interestingly, the study also revealed that taxpayers were much more likely to be in compliance of taxation laws when using the assistance of tax return software. By taking advantage of convenient and affordable income tax software online at 1040return.com, you can eliminate the risk of underreporting your earnings or your taxes, incurring the wrath of the IRS and racking up hundreds, even thousands, of dollars in penalties and interest on unpaid taxes. Our professional tax software makes it easy for you to accurately report earnings and track all the necessary information from year to year for consistent compliance. In response to the tax gap study, the IRS beefed up its enforcement budget in 2005 - the year the study was completed - enabling the agency to conduct 1.2 million audits that year, compared to less than 1 million in the previous year. This does not have to be you. Avoid unnecessary audits and avoid the anxiety of filing season with our professional tax preparation software. Read on for useful money saving tips, changes in taxation and information about programs that can make filing simple and stress-free.