2008 Taxes

Category Archives: Tax Preparation

Free Federal Tax Filing from the Biggest Name in Online Preparation

Intuit’s TurboTax is now offering free online tax filing for your simple federal tax return. Get free preparation, free printing, and free efiling if you are filing a 1040 EZ form this tax season.

QuickTax For Canadian Tax Returns

With QuickTax from Intuit Canada, the #1 best selling tax software in Canada, you can get the biggest refund possible and that is guaranteed.

Debt Forgiveness and Mortgages

If you had all or part of a mortgage forgiven during the last three tax years, you may be able to avoid paying taxes on the forgiven mortgage debt. A law passed in 2007 called the Mortgage Forgiveness Debt Relief Act allows otherwise taxable mortgage forgiveness to be tax free up to $2 million dollars.

Five Tax Credits You Should Claim

If you are eligible for these five tax credits, you should claim them this year on your tax return. These credits will reduce the tax your owe directly and some can be refunded to you if you owe no taxes at all.

Places to Find Free Tax Help

In addition to coming to 2008Taxes.org everyday, there are a number of government sponsored ways to get free tax help while preparing your tax return for 2009. The first place to look is IRS.gov. Not only is this the number one resource for tax information online but they also offer free tax preparation and free e-filing for tax payers in certain categories. And anyone that has filed a tax return can check the status of their return on the site.

Check the Status of your Tax Return

Once you have filed your tax return you are sure to want to know its status and when your tax refund will be arriving. The IRS provides a couple of different options for you to determine when your return has been received and when your refund will be arriving. Start today at IRS.gov.

You Bought a House, Claim the First-Time Homebuyers Credit

There are a number of documentation requirements when you go to file your return for 2009 and you want to claim the First-Time Homebuyers Credit. This great credit of $8,000 helps with fixing up the new house or paying off some moving expenses. But claiming the credit requires a number of documents and filing a paper return with the IRS.

Capital Gains and What to Report to the IRS

Capital Gains and Losses are the result of holding capital assets for investment or for personal use. Capital Assets held for investment result in a capital gain or loss when sold compared to their basis, or what you purchase the asset for. Capital Assets held for personal use can only create a capital gain. All capital gains must be reported to the IRS.

TaxAct is the Completely Free Federal Option

If you are looking for the best and completely free option for filling your federal tax return this season, TaxAct is the solution for you. You can prepare, print, and eFile your return for no fee what-so-ever and only pay a small $13.95 free if your state requires an income tax return.

The Advantages and Disadvantages of Tax Preparation Software

It is often said that the medium is the message. This reminds us of Franklin D Roosevelt and his famous ‘fireside chats’ with the country. In an era where the television set did not exist, the radio was a great device that enabled conversation with the Americans. Through the radio, he could send his assurance to the American citizens’ homes and become one of them. A radio chat was definitely more effective and much more intimate than other mediums, like say, a grandstanding speech. It is certain that the medium, in this case, was the message itself.

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