Tag Archives: Intuit

Why TurboTax 2014 Is So Simple

When you enter you username and password for the TurboTax login, you are going to have the chance to get your taxes done in a record amount time. Studies have shown that the time to prepare your taxes is greatly reduced when using online tax software like TurboTax. You want to have a tax assistant that is going to allow you to finish your taxes without feeling as though you are going to run out of time even if April 15th is approaching. The tax programs of today make your life much easier. And remember that you can use Intuit’s TurboTax program to do any kind of tax return that is needed, from the simple return to the most complicated.

The Simple Return

When you are doing a simple return (like a 1040EZ) on the program, you are going to be able to get it done quickly because you may only have one W-2. More than likely you will also not have to pay to file your Federal tax return. You can enter your information easily, and you will be able to submit your documents without problems. Also, you will be able to enter all your information for getting your refund back, select the best form of payment for you. This is going to get the money back to you quickly, and you will be able to get the process done in a matter of days if not hours.

Complicated Returns

When you are doing more complicated returns, TurboTax is going to ask you for all the information that must be entered to get these returns done. You will probably need to purchase a little bit more expense package, like TurboTax Deluxe. The program is going to ask for all supporting documentation so that you can take all deductions, and you will be asked to enter all the deductions that you can take. This is going to simplify the process, and you can log into TurboTax  any time in the future to keep working on your taxes if filing takes more than one session. The program saves all your progress, and the program will remind you how much longer you have to get your taxes done.

Extensions

You can also use the program to file a tax extension when you know that you need more time. You can file the extension (form 1040X) through the program, and the program will get a response when the IRS receives your request. You will be told how much longer you have to get your taxes done, and you will not have to worry about missing your deadline. An extra 6 months can make a big difference in the accuracy of your return and reducing your chance of getting audited. Make sure to pay any estimated tax due before the original deadline for the tax season.

Printing Your Records

When you are done with your taxes, you will need to print your paperwork for your own records. You can also save a PDF version on a drive that you backup. The paperwork that you keep is going to be proof that you filed your taxes, and you will be able to file your taxes much more easily in the future when you have your old return. Future TurboTax versions will seek out and import prior returns on your hard-drive, saving you time in entering the basic personal and work details.

If you are going to use an online program to file your taxes, you must remember that this program is going to do most of the work for you. It makes your life easier, and it is going to make it easier for you to get them done as fast as possible. Accuracy and speed make for a great tax filing experience.

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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 tax refund with the easiest time doing so, but not having 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 prepare their 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 preparer depending on what deductions you have to write off and document, you can usually go without this expense nowadays.

There are many wonderful options on the Internet for people to use if you use a Mac or some other type of personal computer. 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 tax preparation apps come in many different flavors, they are designed to be easy and quick to use for even the least computer literate person. These tax 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 your taxes. You will not find a more accurate way to do them than with these great tax programs. You simply need to enter your income in the form of a W-2, mortgage interest, college tuition expensives, dividends and interest income and anything else you can deduct. The tax 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 tax refund than if you went to a professional tax preparer. So, please be sure that when tax season comes around you take advantage of one of these great tax programs. Your bank account will thank you.

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Easy And Convenient Tax Prep With TurboTax.com

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.

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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IRS Tax Adjustments In 2014

IRS Tax Adjustments and the Pickle Salesman Photo by Michael Vadon

Taxes in 2014 are set to undergo various adjustments, affecting more than 40 tax provisions. The Revenue Procedure 2013-35, published on 18 November 2013, provides detailed information of each adjustment.

A tax rate of 39.6% will affect singles whose annual income exceeds $406,750 and married couples with joint returns exceeding $457,600. This is up from the current amounts of $400,000 and $450,000 respectively. The Revenue Procedure describes the rates that apply to other thresholds.

In terms of standard deductions for singles or married couples filing separate returns, the amount rises from $6,100 to $6,200. For married couples filing joint returns, it rises from $12,200 to $12,400. On the other hand, the standard deduction that applied for heads-of-households has risen from $8,950 to $9,100.

Both the personal exemption and the alternative minimum tax exemption will also rise. Couples who file jointly and have three or more qualifying children will qualify for a maximum earned credit of $6,143, which is up by $99 from the 2013 amount.
Among the amounts that remain unchanged, include the annual exclusion for gifts, which stands at $14,000, and the annual dollar limit for contribution to an employer–sponsored healthcare FSA, standing at $2,500.

The Revenue Procedure contains other adjustments on the 2014 taxes.

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TurboTax Raises Millions For The Military

TurboTax Raises Millions For The Military

This year Intuit, the parent company of TurboTax, raised two million dollars through its Mission 2 Match fundraiser. With this program, TurboTax offered people the opportunity to pledge money for Operation Homefront, an organization that provides emergency financial help and other support to military families.

TurboTax Raises Millions For The Military

US Navy 061127-N-5459S-019 Personnel Specialist 3rd Class Yahaira Pou helps her niece Alexia design and create a personal Christmas stocking during Operation Christmas at the Army National Guard Armory (Photo credit: Wikipedia)

As of April 15, 2013, individual donations amounted to over one million dollars, which Intuit has matched, resulting in a two million dollar gift to Operation Homefront.  This amount is still rising, however, since the Mission 2 Match fundraising continues. Currently donations can still be made at , so the final total may be much greater than the current balance.

This effort to support US troops has resulted in donations of money, food, home repairs, household items, baby supplies, and transitional housing to families of American military members, relieving some of the pressure on US patriots serving around the world.  Our military personnel cannot fully function if they know their families are lacking basic necessities, so Operation Homefront tries to fulfill these needs.

The success of Mission 2 Match was twofold: It raised millions for military families, and it created great press for Intuit and TurboTax.  Considering the success of this program, Intuit will probably continue it for the foreseeable future, which will benefit both the company and military families.

TurboTax has been highly successful in its effort to support US troops while involving their clients and potential clients in this fundraising endeavor. Commerce and patriotism do not always mix, but, in this case, TurboTax has successfully combined the two in the 2013 Mission 2 Match program.

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Innovations For Turbo Tax 2013

Innovations For Turbo Tax 2013

Professional accounting can help business owners save time and resources, and the Turbo Tax 2013 CPA Select edition by Intuit may be the ideal solution for tax filing season. Small businesses and tax filers needing a modest amount of assistance may benefit from this innovative online service, and the potential financial savings may be apparent quickly. Connecting with certified public accountants, tax attorneys, and federally authorized tax practitioners may be easier than ever with this Turbo Tax 2013 edition, and the CPA Select 2013 program may eliminate the logistics and stress that may be associated with proper tax filing.

Tax Preparation

Tax Preparation (Photo credit: agrilifetoday)

Many consumers are familiar with the helpful QuickBooks software offered by Intuit, and their latest tax service offering is in keeping with the ease of use that is characteristic of many Intuit consumer products and services. CPA Select 2013 is designed to be a straightforward approach to finding useful online tax filing assistance, and the Turbo Tax website provides easy steps for connecting with local CPAs and other tax experts. You can register your exact geographic location once you log on, and you can browse and update your location as needed or select a CPA from the list that is provided.

Working online with your chosen CPA eliminates the need to make a trip to an accounting office to get your tax preparation started, and uploading your document file may be completed in numerous ways. You can upload directly onto the secure server, by smartphone, or by using a fax machine. You may keep in contact with your CPA by telephone or email, and downloading your completed tax return can be done and paid for online as well. Your tax representative will notify you when your tax return has been accepted by the Internal Revenue Service, and you will receive timely notification regarding your refund status as well.

Navigating tax codes may be challenging for new business tax filers and individuals with unique tax filing needs, and experienced business owners may not know all of the deductions that they may be entitled to as tax laws change each year. The Turbo Tax CPA Select edition for 2013 may be appropriate for anyone who does freelance work or independent contracting, and self-employed individuals may discover previously unknown tax deductions from working with online tax professionals. Knowing whether you need to file a 1099 or Schedule C may be difficult to determine on your own, but your CPA will help you file correctly and on time. Saving as much money as possible may be crucial for small businesses, and this tax filing solution may save money and time. Free and affordable options from Turbo Tax 2013 can eliminate your worries about missing out on deductions and successfully filing your taxes.

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TurboTax Military Edition – The right support for junior military personnel

TurboTax Military Edition

If you’re working in the military, then it’s quite obvious that you’d expect some breaks given how hard you work. You know best of all how difficult life can get when choosing military service. The kind of sacrifices you make for the country and that too after leaving your families behind is anything but easy. It’s indeed a tough life and as a token gesture for this immense duty you’re doing to the nation and its citizens TurboTax has announced a very special TurboTax Military Edition.

This particular Turbo Tax Military Edition has been specifically designed for junior military personnel. It’s special because now all servicemen and women who rank between E-1 to E-5 shall now be able to file their taxes for free including through the extensions. This well extends to the middle of October, 2013. Moreover, those officers who happen to rank between E-6 to E-10 can also go ahead and file for a reduced fee.

  • The foundation of TurboTax and its coming into existence

It’s not just like that that the TurboTax Military Edition came into existence. This particular edition was created by active military personnel and their spouses. These are retired personnel who’re reserved in nature but haven’t failed to identify the tax debt related problems faced by junior military personnel. These problems aren’t always easy to tackle and definitely not welcome to people who’re doing all they can for the nation.

  • The tax debt related problems faced and its solutions

There can be a bizarre number of tax problems which can soon amount to debt. Now, with the national economic scenario as it is, it’d definitely not be an encouraging situation to see the military personnel of the country neck deep in tax debt. Moreover, piling up on tax debt can destabilize any one any day and as military personnel stability at the financial end is more than just required. There are quite a few probable solutions when you rack up tax debt, be it debt settlement or an Offer in Compromise or a payment extension plan. You could also opt for installments. However, all this hassle can be easily avoided now that the TurboTax Military Edition is here.

  • The TurboTax Military Edition helps you avoid tax problems

With the TurboTax Military Edition you actually get access to programs that can walk you through military-related tax issues and situations. These include uniform deductions and PCS, state of residence, and more. Most importantly, this particular program effectively distinguishes between combat pay and basic pay.

  • The manner in which TurboTax generally works

You might be a tad confused about how exactly the TurboTax program works. It’s really easy. In fact, it’s said to work like an interview wherein you begin by answering easy questions and then you go on to fill the right tax forms and that too behind the scene. It depends on what you answer for it’ll reveal which are the deductions and credits you actually need. Most importantly, you’ll get thorough guidance and step by step instructions that’ll help you through your taxes. You’ll also be readily informed about every deduction and credit that applies to you.

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