Estimate Your Tax Refund With The Free TurboTax Taxcaster

Estimate Your Tax Refund With The Free TurboTax Taxcaster

Tax time is drawing near and like most other Americans, you need to file and prepare your taxes to avoid penalties and late fees from the Internal Revenue Service. Fortunately, there are free tax preparation tools and software programs that can help you get the job done easily, correctly and quickly. Free TurboTax 2013 is a terrific tool you can use to prepare and file your taxes, but since there are several versions available you might be confused about which one is best for your tax situation. The tax professionals at TurboTax have designed a new product that can help you determine which software program is right for you and as an added bonus, it is completely free and very simple to use.

To determine which tax preparation software from TurboTax is right for you, all you have to do … Read the rest

Majority Of Americans Against Cheating On Taxes

Majority Of Americans Against Cheating On 2013 Taxes

Each year as tax time rolls around we are forced to take a hard look at our financial records and situations.  Some of us are happy at this time of year as we know we will be receiving a refund from the Internal Revenue Service.  Others are not as happy as they know they will owe the IRS money.  With the IRS only auditing a mere one percent of all individual tax returns each year, it can be tempting to cheat on your taxes in an effort to not owe as much money to the federal government or to receive more money back.

If your own ethics and morals do not stop you from cheating on your tax return, perhaps a little peer pressure will.  A recent random telephone poll conducted by the IRS Oversight board shows that 87 percent … Read the rest

Tax Return Processing Begins Late

2013 Tax Return Processing

IRS, formally known as the Internal Revenue Service, announced the 2013 filing season will open on January 30.  Individual income tax returns will not be reviewed until this date.

The IRS previously planned on allowing individuals to take part in electronic filing eight days earlier, on January 22.  The US congress approved new tax laws which in turn has delayed the start date for filing.  The new tax laws are due to the fact the US has been faced with great financial difficulties.  ATRA, an abbreviation for the American Taxpayer Relief Act, is the bill that was formed and agreed upon between the president and House of Representatives republicans.

The IRS is busy updating tax forms and “completing programming and testing of its processing systems.”  The update and intended improvements should allow the majority of US tax payers to file their tax returns starting January 30.  … Read the rest