A group of former Intuit employees have launched Taxnet.com, which provides Internet-based filing of income taxes, along with electronic filing.
Headed by Tom Allanson, a former senior vice president and general manager of Intuit's consumer tax group, Taxnet.com is offering free filing of federal 1040 forms starting in the upcoming tax season. However, the company is charging for both state tax preparation and e-filing.
Allanson, who serves as president and chief executive officer of Taxnet.com, says that his company is trying to differentiate itself by eliminating the hassles associated with tax preparation.
"We spent an awful lot of time working on things that annoy users. 'What am I supposed to do now and where is the help?'" he says.
The company, which includes two other Intuit alums, David Murray and Fred Grant, began operation in January. It started with two storefront tax preparation locations and intends to open more storefronts. But that effort will take a back seat for a while to the development of the online service.
Taxnet.com offers e-filing for $9.95. State 1040s are $19.95 each and refund transfers are $9.95. Preparation of the 1040A, EZ and Long Form are free.
