Absolute Zero Cost Tax Preparation From TurboTax

Get ready for that time of year again–2014 Tax season is upon us.

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Don’t let piles of papers and bulk expensive software ruin your refund joy. Opt this year for completely free TurboTax, no one offers a better value, a more complete return or will earn you more money back than TurboTax. Their unique and powerful software searches for every possible discount and since this year TurboTax is doing the heavy lifting in your tax preparation there’s no reason to second guess where the best value is.

For 2014 Taxes, both the 1040EZ and the 1040A are completely free to file with TurboTax, which covers almost 60 million Americans around the country. They call it Absolute Zero, which means no money to file your state return, no money to comply with health laws and no money to claim your hard earned income tax credit. This year, TurboTax Federal Free Edition is completely free.

When you file your 2014 taxes you want to work with the best in the business, that’s because the average American gets back over $2700 dollars on their taxes. That’s typically the biggest check they’ll get in 2014. When you don’t file with TurboTax you may be leaving money on the table. They understand how hard you work for your money and that’s why they want you to try their software free this year– see how much you save and how much easier tax season is with professional software.

Go ahead and get a jump start now, the IRS will process all E-filed returns starting on the 20th of January. If you complete your filling before the 20th, TurboTax will hold your return and submit it as soon as the filing date opens. Of Course, the sooner you complete your returns the faster you can get your hard-earned money back into your pocket.

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2014 Taxes ˗ What You Need To Know

The Internal Revenue Service (IRS) has earmarked January 20 as the start of the tax filing period.

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Yesterday, the IRS stated that taxpayers can begin filing their taxes 2014 from January 20. The tax filing period will begin on schedule, in spite of a late tax rule introduced by Congress and approved by President Obama, according to the agency.

Previously this month, a bill was passed by Congress that extended over fifty tax breaks, which had expired this time last year. This new rule prolongs the tax breaks to the finish of the year, permitting taxpayers to use them while filing their returns for 2014. President Obama approved the bill on December 19.

During past years, late rules introduced by Congress have held up tax filing periods. Not on this occasion though, said John Koskinen — the IRS Commissioner.

In an interview, Koskinen stated that the IRS had examined the late changes to tax laws, and decided that nothing should prevent them from carrying on upgrading and testing their systems.

On a yearly basis, TurboTax returns are filed by millions of people throughout the initial weeks of the tax period. This allows them to obtain fast refunds.

Recently, the IRS stated that it managed to action the majority of tax refunds in three weeks. This applies to returns that were electronically filed. The IRS states that electronic filing is the quickest method of acquiring a refund.

Lately, Koskinen informed journalists that refunds may be held up, due to agency budget cuts. Nonetheless, he would not say how long they would be held up.

The Internal Revenue Service will process roughly 150 million tax returns. For 2014, refunds averaged approximately $2800.

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H&R Block Still Bows To The Expertise Of TurboTax

There is a simple reality that people seek from tax preparation software. You want to be sure you are getting the maximum refund with the easiest time doing so, but not have to hire someone or be a tax expert in order to do so. Until only a few years ago people would pay around 250 dollars to have someone do my taxes, which would take them less than an hour. I then discovered that these professionals use the same software that I can use online. The days of using tax preparers became numbered in my opinion, as I stopped using them. While you may still need to use a prepared depending on what you have to write off and document, you can usually go without this expensive nowadays.

TurboTax

There are many wonderful options on the Internet for people to use if you use a Mac or other types of machines. However, H&R Block and Turbo Tax from Intuit are always going to be two of the best, even if they are currently contending. Not only do these apps come in many different flavors, they are designed to be easy and quick to use for even the least computer literate person. These programs assist you in finding all the information you need to do your taxes with as little fuss as necessary.

Accuracy is definitely something that is the most important factor about doing taxes. You will not find a more accurate way to do them than with these great programs. You simply need to enter your income in the form of a W-2, mortgage interest, college tuition expensive, dividend and interest income and anything else. The programs then come back with the exact information you need, and better yet, you can use it in the program afterwards to file your own taxes!

The thing to remember with these programs is that they are so sophisticated that you might end up saving more money and getting a larger refund than if you went to a preparer. So, please be sure that when tax season comes around you take advantage of one of these great programs. Your bank account will thank you.

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Filing Confusion Faced By U.S. Citizens Living Abroad, June Deadline

Expats wondering about filing and health care requirements, have the opportunity of taking advantage of the expert advice and assistance offered to them by H&R Block, who estimate 1 in 3 expats haven’t filed a 2013 return. They are facing a filing deadline of June 16th this year.

Save 15% on H&R Block At Home Online Products

To be of the greatest help to these taxpayers, H&R Block last season launched a remote filing service, and for this tax season, expanding it even more.

Roland Sabates, who is the director of the expat filing services offered by H&R Block has said “U.S. expats may miss many things, but the tax deadline should not be one of them”.

To understand their U.S. tax obligations, there are three questions that expats should be answering:

Are they required to file?
Which foreign assets must they report and how does money in foreign accounts get reported?
What is their responsibility to maintain health insurance, which is new this year?
Know the filing requirements

Regardless of wherever they may be living, for 2013, the minimum income requirements for filing are $10,000 for single filers, and $20,000 for married filers. Some taxpayers possibly can exclude all or some of the income earned abroad, which might offset taxes owed the United States.

Those working abroad unable to file by June 16th can file an extension moving their deadline to October 15th. They should know that on any balance from the filing deadline April 15th, interest will accrue.

Know the rules and regulations regarding the reporting of money in foreign accounts and assets

If at any time during the year an account owned or controlled by a U.S. citizen has a combined value exceeding $10,000, they must file an FBAR which is a foreign bank account reporting form. They must by June 30th submit this form to the Department of Treasury, and also include this info with the next tax return which will be due on June 16th, filing on Form 8938.

Also, by June 16th, taxpayers have to report data regarding ownership interests in foreign businesses and any securities not in any account.

Sabates has said that “it is important all the tax deductions and credits qualified for are claimed by these taxpayers”.

Understand health insurance obligations

For the most part, in 2014, the majority of U.S. citizens will be required to have health insurance. All should carefully check whether or not this applies to them.

Unless an exemption applies, the taxpayer will have to get themselves health insurance.

H&R Block stands ready with offices in over 14 US countries and territories to offer their experienced and excellent services.

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Easy And Convenient Tax Prep With TurboTax.com

Do your federal taxes FREE! You can Prepare and E-file your IRS taxes FREE at TaxACT® - No Restrictions.

First time tax filers may be anxious about completing their taxes. Some even wait until the last minute without being aware of it. Filing your 2013 taxes is a necessity. Knowing what mistakes to avoid can make the process easier and allows individuals to submit their taxes right on time.

It Takes Taxes and Bonds - NARA - 534022

It Takes Taxes and Bonds – NARA – 534022 (Photo credit: Wikipedia)

Those who are preparing their 2013 taxes for the first time may wonder where to begin. They have to think of their tax preparer. Have they even picked one out? Those who haven’t may not know where to turn. Others may already know about TurboTax.com. It offers free federal filing and even offers multiple options for filing state returns. Using the site allows individuals to complete their taxes securely and properly. They will be guided through each step in the tax preparation process to get their 2013 taxes submitted. There is superb customer service to help customers when they want it. TurboTax.com guarantees it will locate the most deductions that individuals qualify for. Individuals can trust their tax prep to the site and get reliable results. Take the plunge and get first time taxes done right.

Part of being a responsible adult is handling financial issues properly. In childhood taxes were likely a foreign concept. This is the time to step into reliability. Take the first step and get started on 2013 taxes. The site lays out the steps clearly and concisely. Users only have to follow along to complete their tax preparation without headaches and drama. TurboTax.com offers an easy to navigate site and all the right feature and help to make tax time simple.

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Good News From TaxAct On Deduction Tracking

Do your federal taxes FREE! You can Prepare and E-file your IRS taxes FREE at TaxACT® - No Restrictions.

A new Way for Taxpayers to Track Charitable Donations

Organize, Value, and Track Your Donations with TaxACT

TaxACT is a proven leader regarding affordable tax solutions, and their donation tracking gives consumers another way to maximize their savings at tax time. This free app is available for IOS and Android, and taxpayers can track their cash and non-cash donations throughout the year.

TaxACT Logo

TaxACT Logo (Photo credit: Wikipedia)

Current Internal Revenue Service data shows that at least one in four income tax filers deduct non-cash and cash charitable donations on their federal tax returns.

The Donation Assistant tracks and organizes donation information automatically, and this is why it is so helpful. Consumers can view detailed summaries from their mobile devices whenever they prefer.

The TaxACT app reduces audit risk as it reports accurate amounts for activities such as thrift store donations. The app gives a fair market value for over one thousand routinely donated items such as appliances, clothing, and furniture.

One of the most unique aspects of the app is its ability to keep track of recurring gifts of cash. Consumers can make monthly donations and have the information ready and available when tax filing season begins.

The website is full of helpful information for preparing and filing taxes, and adding the TaxAct app can be an ideal complement to meet tax filing specifications. Data from the current app can be efficiently transferred to the 2014 Deluxe version for tax returns that will be due April 2015.

Additional free apps for taxpayers

The TaxAct has several mobile apps, and two of them allow taxpayers to prepare, print, and electronically file their federal tax returns for free. Taxpayers can begin and transmit their returns from smartphones, tablets, or web browsers. The TaxAct Express is suited for simpler returns, and the TaxAct tablet supports simple and complex electronic tax returns.

There are two additional companion apps for saving and organizing income tax documents. The DocVault offers exceptional security, and TaxACTCentral has resources for minimizing preparation and filing time.

All of the TaxAct apps are designed for Android and IOS. Consumers can find additional information at www.taxact.com/apps.

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