How to Amend a Tax Return on TurboTax

Step 1: Gather Your Information

Before you begin the amendment process, gather all necessary documents. This includes your original tax return and any new documents that affect your tax situation.

Step 2: Access Your TurboTax Account

Sign in to your TurboTax account. Make sure you’re using the account that you used to file your original return.

Step 3: Select ‘Amend a Return’

Navigate to the ‘Tax Home’ page. Under ‘Your tax returns & documents’, select ‘Amend (change) return’.

Step 4: Follow the On-Screen Instructions

TurboTax will guide you through the amendment process. It will ask you why you’re amending your return and what areas need to be changed.

Step 5: Enter the New Information

Enter any new or updated information into the appropriate fields. TurboTax will automatically calculate how these changes affect your tax return.

Step 6: Review Your Changes

Before submitting, review your changes carefully. Make sure all … Read the rest

How to Amend a Tax Return on TurboTax

You will need to file an amended tax return if you discover that you accidentally left out information, made an error in math or used the wrong codes on your original return. Here is How to Amend a Tax Return on TurboTax:

Amend your tax returns as soon as you realize there is an error or omission on your original return. If you wait too long, you may not be allowed to file an amendment. In addition, the IRS may assess penalties and interest charges if they think you are failing to report additional income or rebating taxes you should have withheld on a payment.

How to Amend a Tax Return on TurboTax
How to Amend a Tax Return on TurboTax

Prior to the Due Date

You can file a superseding return if you need to change your return before the original due date. This is done by attaching a copy of the amended form, along with … Read the rest

Why The Best Online Tax Software 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 the best 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.

TurboTax Amazon

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 … Read the rest

Your Taxes ˗ What You Need To Know

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

Yesterday, the IRS stated that US taxpayers can begin filing their taxes for 2014 January 20th. The tax filing period will begin on schedule unlike last year when there were delays, in spite of a late tax rule introduced by Congress and approved by President Obama, according to the taxing 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 congressional tax rule prolongs the tax breaks to the end of the year, permitting taxpayers to take the tax breaks while filing their tax returns for 2014. President Barack Obama approved the bill on December 19.

During the past couple of years, late rule changes introduced by Congress have held up the start of tax filing periods. That … Read the rest

Easy And Convenient Tax Prep With

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.

TurboTax Amazon

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 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 … Read the rest

Tax Tips: I Do Declare

Did you know that there are hundreds of little things that you should be declaring on your tax returns? Here are some of the most important items that must be declared on your federal and state tax return.

TurboTax Amazon

All Sources of Income
The tax code of the Internal Revenue Service (IRS) requires that all income earned or received must be reported on your income tax returns. The categories of income recognized by the IRS include the following:

•    Wages, salaries and tips
•    Interest on bank accounts, certificates of deposit, bonds and other investments
•    Capital gains
•    Business income
•    Alimony
•    Income from bartering
•    Dividends
•    Annuities, pensions and lump-sum distributions
•    Rental revenues
•    Gambling income
•    Earnings from agriculture and fishing
•    401(k)
•    Unemployment benefits

Each of these types of income must be declared on your income tax return. In some cases, losses in … Read the rest

Comparison between the Cost of TurboTax and other Online Tax Services

It is finally the right period of the year for tax filing, and therefore time for individuals to decide how they want their taxes filed. A person who prefers to prepare their tax return rather than use an accountant or a tax preparation chain like H&R have most likely come across TurboTax 2014. This is among the most desirable online tax services so definitely many users will be using TurboTax2014 software. But how does its prices compare to those of other online tax services?

TurboTax Amazon

TurboTax 2014
Whether a customer wants to file a 1040EZ or is interested in something more complex or to file for their little businesses, TurboTax 2014 has a solution. It offers free federal tax preparation for simple returns and three other additional packages. Those other packages are the deluxe, premier and home and business at $29.99, $49.99 and $74.99 respectively. In addition to this, their … Read the rest