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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Posted in e-file, tax filing, tax payment plan, tax preparation, Turbo Tax
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Also tagged Accounting, internalrevenueservice, IRS e-file, Tax, tax return, United States, YouTube
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January 9, 2012 – 8:32 pm
Tax filing season has started and the documents you need should be in the mailbox soon. While the return is not due until April 17 this year, here are 10 tax tips to ensure you are ready to file.
1. Start gathering records now. This includes receipts, canceled checks and other supporting documents.
2. Watch for W-2s and 1099s. You will need them.
3. For answers to questions, look at the IRS website.
4. Use Free File. If your income was $57,000 or less you qualify for free file. You must access this service trough www.irs.gov. The IRS has collaborated … Read the rest
November 22, 2011 – 3:35 pm
Your tax documents are very important documents that you may need to refer to way after the time you actually file your return. More importantly, the IRS may need to refer to these documents at some point in the future and you therefore need to make sure that you do not dispose of your tax documentation once you have filed your returns thinking that you will never need the documents again.
Whilst most people are aware that they need to keep their tax documents for a certain amount of time many are not sure how long they should keep … Read the rest
By Steve
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Posted in FreeTaxUSA, tax filing, tax forms, tax payment plan, tax preparation
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Also tagged Accounting, Audit, documents, internal revenue service, long, Tax, tax return, Taxation, United States
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October 12, 2011 – 5:24 pm
Doing your own taxes might seem like an easy enough thing to pull off. You just get your W-2 form, put in the numbers and you are good to go. However, there can be more to doing your taxes than just simple math, and even that can be hard to do for some people. While it might not be fun to have to pay someone to do your taxes, it can save you a lot of headaches down the line.
You Could Get The Numbers Wrong
Doing your own taxes means inputting your own information. If you have a … Read the rest
By Steve
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Posted in tax filing, tax forms, tax preparation, tax tips, Turbo Tax
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Also tagged Arizona, internal revenue service, IRS tax forms, Itemized deduction, Miami, Miles Walker, pitfalls, Tax, taxes, turbotax
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New rules set by the IRS have changed the time of automatic extensions. These rules affect estate, trust and partnership tax returns. Instead of the former six month tax filing extension, the new period is just five months. For most individual taxpayers the new rules will have little to no effect on filing date or individual taxpayer extensions.
The filing options with an extension for these entities was a six month period. However, the new rules have reduced the amount of time allowed by one month.
In the past, the extension only required the filing of a single form … Read the rest
By Steve
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Posted in tax extensions, tax filing, tax tips, Turbo Tax
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Also tagged Accounting, filing options, Glossary of patent legal concepts, internal revenue service, Tax, tax filing, tax filing extensions, Tax preparation, Tax return (United States), United States
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When it comes to choosing which software to use for your taxes this year, many options are available. For those that wish to choose the best software, it does not take a mountain of research to discover that Turbo Tax reigns as the top dog in the world of tax software, every year.
Turbo Tax has received accolades from many publications including The New York Times, PC Magazine, as well as CNET. They all hail Turbo Tax products for being the easiest to use, most effective, and simplest taxes software package to date.
Turbo Tax triumphs over other tax … Read the rest
By Steve
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Posted in e-file, tax filing, Turbo Tax
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Also tagged Accounting, internal revenue service, New York Times, Tax, Tax compliance software, Tax preparation, turbo tax, turbotax, United States
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