Tag Archives: taxact

Save on Tax Preparation: File Your Own Taxes

September 21, 2011 – 5:51 pm

Tax preparation can be costly so save money and try doing your taxes yourself. Tax preparation can cause you hundreds especially if you opt for an expedited refund. Filing your taxes yourself is easy with the help of the Internet. Several tax preparers offer online tax services in which you can file your taxes for very little if anything at all. Depending on your income, you may even qualify to file your federal taxes for free.

Where is my W-2?

By the end of each January, employers must mail your W-2 wage information to you if you are a wage … Read the rest

By Steve | Posted in tax filing, tax forms, tax preparation, tax tips, Turbo Tax | Also tagged internal revenue service, IRS tax forms, Standard deduction, Tax, Tax preparation, tax return, Tax return (United States), turbotax | Comments (3)

H&R Block Faces Opposition Over The Acquisition Of TaxACT: Federal Antitrust Suit Filed.

June 17, 2011 – 11:40 am

While most people are focused on their 2010 tax returns, there is tension in the market. An antitrust lawsuit was filed on Monday by the U.S. Department of Justice in a move to prevent the acquisition of TaxACT by H&R Block. Talk of the $287.5 million deal has led to fears of increased costs and an obstruction of improvements in the market without a third major player to drive competition.

These fears surfaced after H&R Block (Kansas City) revealed its intention in October to merge TaxACT and H&R Block AT Home, creating a division that would be headed by … Read the rest

By Steve | Posted in e-file, tax filing, tax preparation, Turbo Tax | Also tagged Alan Bennett, Christine Varney, H&R Block, Intuit, Tax, United States Assistant Attorney General, United States Department of Justice | Comments (1)

Filing Taxes Online Now Stress Free As Well As Cost Free

February 4, 2010 – 11:00 pm

Filing Taxes Online Now Stress Free As Well As Cost Free

For a lot of US citizens, the 2009 tax season proves to be taxing the nerves, too expensive, and severely time-consuming.

Fortunately, many ways are available to make tax filing easier, faster, effectively cost free, as well as stress free.

This possibility has come out as a result of a system that facilitates free tax preparation. Through the web site www.TaxACT.com anybody can e-file tax returns now with little to no charge. They can also prepare and print them for free.

There are many good reasons why you should … Read the rest

By Steve | Posted in e-file, tax preparation, tax tips | Also tagged Accounting, e-filing is faster, federal tax return, internal revenue service, IRS, IRS e-file, irs website, possibility of making mistake is low, Tax, Tax preparation, tax return, Tax return (United States), this method is easier, United States, US | Comments (1)

Tax Impact of Having Children

January 13, 2010 – 4:08 pm

Tax Impact of Having Children

There are numerous tax advantages to having children that the IRS has provided. If you have children you can begin claiming them as dependents the year they are born. This immediate tax deduction helps offset some of the additional expenses you will face as a parent. There are other credits and deductions to consider too.

The Child Tax Credit is available for dependents up until the age 17. And once you have received the full benefit of the Child Tax Credit you can file for the Additional Child Tax Credit. This Additional Child Tax Credit … Read the rest

By Steve | Posted in tax credit, tax filing, tax tips | Also tagged additional child tax credit, Child, child tax credit, coverdell education savings, coverdell education savings account, earned income credit, IRS, kiddie tax, Tax, tax act, tax advantages, tax deduction | Comments Off

Benefits of e-Filing Your Return

January 12, 2010 – 5:31 pm

Benefits of e-Filing Your Return

Last year nearly 67% of federal tax returns were submitted to the IRS by electronic transfer, or e-file. The IRS likes tax returns to come in electronic format as it is easier for them to process and recently provided a list of benefits for you to consider.

The speed with which your return can be sent, processed, and a refund sent to you is much better when you file your federal return electronically. The IRS is also able to correct your information if there happens to be a missed calculation on the return. Ten days … Read the rest