Tag Archives: Accounting

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.

Tax Accountant Vs Tax Software

Tax Software

You are one of 50,000,000 Americans who must fill out an income tax return by March 15th … file yours early. (Photo credit: Keijo Knutas)

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 designed to help taxpayers identify common tax deductions, but the fact is that you may qualify for additional deductions that are less common. In some cases, you may not be clear about if you qualify for certain deductions or not. Tax software may help you to identify some of these deductions, but you simply cannot beat the benefit associating with having a live professional assist you with the identification of deductions.

Getting Questions Answered
Most tax software programs are designed to be user-friendly, and they have a helpful hints or frequently asked questions section that may assist you if you have questions. However, many questions that taxpayers have are unique. They may fall into what can be perceived as a gray area, or the situation may be unusual and may require expert assistance. The fact is that you need to file your return accurately to avoid penalties. Therefore, working with a live tax expert can be useful to you.

A Look Toward the Future
Furthermore, a tax accountant can help you to plan for the future. When a tax accountant reviews your finances now, he or she may be able to identify different steps that you can take to minimize your tax liability next year or for several years in the future. You may be planning to purchase a new home, to buy office equipment or to make some other change, and there may be tax consequences associated with this. By working with a tax accountant, you will be able to better plan for the future and avoid paying more than necessary on your tax return.

As tax day approaches, one of the best steps that you can take to ensure that your tax return is filed accurately and on time and to ensure that your tax liability is minimized is to work with a professional tax accountant. The best tax accountant to use is one who is experienced and knowledgeable and who has the desire to communicate openly with you about your taxes. Take time today to locate a tax accountant to work with, and you can rest easy knowing that your tax return will receive the personal attention it deserves.

Filing Taxes After October 15

Filing Taxes In 2013 After October 15

If you were unable to pay your taxes earlier in the year, you might have been dreading the October 15th deadline for your deadline extension. Now that the 15th has come and gone, you might realize that you still have not filed – and that major problems may soon occur. Your first impulse should be to file as quickly as possible.

English: Wooden File Cabinet with drawer open....

English: Wooden File Cabinet with drawer open. Taken by me. (Photo credit: Wikipedia)

Luckily, even those who forget to file can still go through the process of filing taxes in 2013. Unfortunately, though, you will be without quite a few of the tools that you would normally use. Most of the web-based providers like TurboTax or TaxAct have shut down for the year as they prepare to transition from taxes 2013 to taxes 2014. E-filing has also been suspended in preparation for the 2014 tax season, meaning that you will not only have to prepare your taxes by hand (or with a desktop-based application), but you will actually have to send in the physical forms yourself.

Once you send in the forms, you will find yourself dealing with penalties. You will owe an additional five percent on top of any money you owe once the deadline passes, along with an additional five percent for each additional month that passes. If you fail to pay on time, you will owe .5% interest on your balance for each month that the balance goes unpaid, further increasing your debt. Added to all of this is a general 3% interest rate on the balance, which might leave you owing far more than you originally thought if you cannot file soon.

Free Taxcaster App By TurboTax

Free Taxcaster App By TurboTax

Free Taxcaster App By TurboTax

The Android Emulator home screen. (Photo credit: Wikipedia)

For Android devices,Taxcaster by Turbotax:

You can get a free Taxcaster app by Intuit Turbotax for your Android tablet or phone with the recently released product from Intuit.

Here’s how you can download your free app to your Android phone, etc.

1. First go to the Google Play page to get your free Taxcaster app from TurboTax after a quick search for the application’s name.

2. Then push the Install button. And then open after the application is installed on your phone.

This is a description of TurboTax 2013 Taxcaster can do for you:

You can use this free app to get an estimate on your phone for your 2012 Federal tax refund (for the 2013 calendar year) no matter where you are in the United States.

It could not be easier to estimate where you stand before you begin your tax return. You simply enter in your information and watch your refund start to add up. This free app uses the same tax calculator used by the TurboTax online and downloadable versions.

Know what your taxes are before you start to file.

You can get an estimate to figure out what your taxes will be before you have to file that tax return, adjust your with-holdings so you have higher take-home pay, or plan so that you are paying less for taxes. This would also be a great way to know if you should file quickly to get a refund or hold-off until the end of the season in case you owe money.

Free TurboTax For All Of Your Tax Needs

Free TurboTax 2013/2014/2015 For All Of Your Tax Needs

Tax season is never a fun time of year, but it comes once a year and it can’t be ignored. Sometimes taxes can seem like they are very difficult, and they can be, but with free Turbo Tax 2013/2014/2015 taxes can be simple. Federal Free Turbo tax is a program that you can find online. You do not have to even download, a program, just navigate to free Turbo tax and get going.

free turbotax photo

This program is a unique program in that while free, there are some options you can pay for if you need more advanced options such as when you own your own business or you have investments. However, these programs are much less than what you would pay for an accountant and this program acts pretty much like a free accountant.

With this program you will be guided through every step of the way. From personal information to business related information Turbo Tax has it all.

At the end of the online program when you have completed all the steps, the free program will guide your through a process that makes sure that you have completed everything. The turbo tax program will also go through a mandatory check to make sure that you are not going to get audited. The program will take you through the steps that might be a problem and allow you to fix them before you turn in your tax return.

When the Federal Free TurboTax 2013/2014/2015 return is done, you can choose to mail it in or have the program enter it for you. Whatever the choice, you can be sure the results will be accurate.

How to Settle Tax Debt for Less

How to Settle Tax Debt for Less

If you wish to settle down tax debt for less than there is only one common way to do so: simply with an offer in compromise; which means the IRS will agree to let you reimburse less than the actual amount to you want to pay. Though you can settle your tax debt for less, it is essential to bear in mind that you might not meet the criteria for an offer in compromise. The IRS accepts just about 15% of those that they receive

How to Settle Tax Debt for Less

Wipe our Debt (Photo credit: Images_of_Money)

There are various situations when you are able to settle for less. They are:

  • Doubt as to liability- This is actually when you are not found at fault for the debt that has been considered.
  • Doubt as to collectability- Here you just cannot pay the tax debt now, and there is absolutely no reason to think that this can change in the future.

If you are keen in submitting an offer in compromise you have several steps to take. To begin with, you first have to complete Form 656, and then offer in compromise and also Form 433-A, besides this application fee of $150 as IRS requests.

Most of the experts advise that you must wait at least 2 to 3 months to hear on your offer in compromise. You must not be surprised if it even takes the IRS a year, though – this is pretty common.

If you think that you meet the criteria for an offer in compromise, you might want to appoint a professional so as to make a final decision. A well experienced professional, who is aware of how settle tax debt for less, will surely be able to help you from start to finish. The major benefit of this is you get advice from an expert who has experienced and was successful in this before.