Why TurboTax 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 … 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.

TaxSlayer

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 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 … 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.

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 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

A Free Edition Of TurboTax

Over nine hundred million dollars in tax refund money went unclaimed in one year. The Internal Revenue Service reported this notable statistic, and you may wonder how this could happen. There are two main circumstances that lead to unclaimed tax refunds. Read more about getting your free edition of TurboTax.

You may end up creating an unclaimed tax refund situation if you have taxes withheld from your pay but earn less than needed for filing a refund. You will end up adding to the unclaimed refund pool if you choose not to file a tax refund. You should verify whether you qualify for an Earned Income Tax Credit, and the www.turbotax.com free edition can help you determine your eligibility.

The second reason for most cases of unclaimed tax refunds involves mailing errors. You may not receive tax filing confirmation if you have moved, changed your name, … Read the rest

Tax Accountant Vs Tax Software

Why choose a tax accountant over tax software?

Preparing and filing taxes are rarely activities most people look forward to. Whether you need to prepare an individual or business tax return, you may be looking for an easier way to simplify this process. While one option available is for you to prepare your tax return on your own, the fact is that many people will find the process easier to complete when they use either tax software or the services of an accountant. While both options are preferred by many over completing a tax return on your own, there are clear benefits associated with using the services of a tax accountant.

Finding All Deductions
For most individuals and businesses, it is not enough to simply prepare and file a return. The goal also is to minimise the amount of taxes owed and even to maximize a refund. Tax software is … Read the rest