January 14, 2012 – 3:13 pm
Electronic Filing Services Are Taxpayers’ First Choice!
This tax season, the IRS has devised a plethora of useful virtual features to facilitate the taxpaying process greatly. Tara Lynn Wagner of NY1 reports as follows:
“Once again, it’s that time of year when people’s thoughts turn toward taxes. The good news is that help has arrived for all those persistent procrastinators, however.
In 2012, taxes will not be officially overdue until after April 17 – two days later than the traditional filing deadline. This is per IRS spokeswoman Dianne Besunder.
Ms. Besunder further advised that prompt filing yields correspondingly faster refund … Read the rest
By Steve
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Also posted in tax filing, tax payment plan, tax preparation, Turbo Tax
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Tagged Accounting, internalrevenueservice, IRS, IRS e-file, Tax, tax return, United States, YouTube
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September 1, 2011 – 11:59 pm
The AMT or Alternative Minimum Tax is that rare thing – a part of the tax code that most people agree on irrespective of their ideological or political leanings. It was originally established in order to make certain that the richest citizens in the US were going to be made to pay their own fair share of the national tax revenues, but most people now think that it is unfair it has not been adjusted along with inflation which in effect means that an ever growing percentage of not quite as wealthy Americans are falling within its remit and finding … Read the rest
By Steve
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Also posted in tax credit, tax filing, tax preparation, Turbo Tax
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Tagged abandon, Accounting, alternative, Alternative Minimum Tax, congress, Jon Huntsman, minimum, Tax, Taxation, turbotax, United States, United States Congress, Washington
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FreeTaxUSA can now support the 42 US states where a state tax return is required. Additionally it can also support the District of Columbia, Vermont, and Montana. Taxpayers residing in states that do not require state returns still have the option of filing a 100% free federal return on the FreeTaxUSA website. Each year, there are been new states added, with this being the first tax season in which all 42 of the states are available. This means that more taxpayers can file their state taxes electronic than in the past with this great online tax product.
There has been … Read the rest
By Steve
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Also posted in FreeTaxUSA, tax credit, tax filing, tax preparation
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Tagged benefits, filing, freetaxusa, internal revenue service, Montana, Tax, Tax rates around the world, tax returns, taxes, taxes electronic, United States, Vermont, Washington D.C.
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As the April deadline approaches and you have already sent your tax return in the mail to the IRS or you have completed a return on the computer, the only way to change the tax return is to file an amended tax return. If you have filed with FreeTaxUSA, you can sign in with your account and correct the return.
The Internal Revenue Service does not let you do an e-file amended return. Your only choice is to prepare and send back the amended return.
If you completed your original tax return through another source besides FreeTaxUSA, you can … Read the rest
By Steve
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Also posted in tax payment plan, tax preparation, tax tips
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Tagged Accounting, amended tax return, Fiscal year, freetaxusa, internal revenue service, IRS tax forms, Tax, Tax return (United States), turbotax, United States
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A year ago, Congress lifted restrictions on Roth IRAs, allowing anyone to convert an IRA or 401(k) account. Previously, you could not convert to a Roth IRA if you made more than $100,000 per year.
Another change is that taxpayers can allow grandchildren to inherit $5 million (an increase from the previous limit of $3.5 million) before they will incur the tax on skipping generations. The exemption will drop to $1 million in 2013.
Many choose to give money to their grandchildren because they will get a greater return. In fact, a one-year old with a Roth account could get … Read the rest
By Steve
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Also posted in tax filing, tax preparation, tax tips, Turbo Tax
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Tagged 401(k), Ed Slott, Family, Individual Retirement Account, roth ira, Tax, Traditional IRA, United States Congress
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It was announced today, that Intuit Inc. has gained a mobile banking platform for mobile Web. It has acquired this from Mobile Money Ventures (also called MMV), one of the best global providers of innovative mobile financial solutions.
This act boosts the position of Intuit Financial Services in their role as leading mobile and online technology provider to institutions. The company will now be capable of directly managing customer support, and also have complete control over its’ mobile Web banking design. The transaction will help Intuit Inc. provide more new innovations to their customers faster.
Users of Intuit’s current mobile … Read the rest
By Steve
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Also posted in tax filing, tax preparation, Turbo Tax
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Tagged Business, Citigroup, Financial services, Intuit, Mobile banking, Mobile device, mobile filing, Mobile phone, mobile tax filing, Monitise, turbotax
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