turbotax | 2008 Taxes

Category Archives: turbotax

Free Federal Tax Filing from the Biggest Name in Online Preparation

June 25, 2009 – 4:30 pm

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.

By Steve | Also posted in Tax Preparation, Uncategorized, tax credit | Tagged 1040 ez, 1040 ez tax return, federal tax return, free efiling, free federal tax filing, free preparation, free printing, help and tax savings tips, intuit turbotax, online tax filing, start your return today, turbo tax 2009, turbotax, turbotax 2008, turbotax 2009 | Comments (18)

Check the Status of your Tax Return

March 4, 2010 – 7:59 pm

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.

By Steve | Also posted in Tax Preparation, tax return | Tagged check the status, federal tax return, free tax return, status, tax return, teletax, toll free number, where's my refund | Comments (0)

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

March 3, 2010 – 10:27 pm

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.

By Steve | Also posted in Tax Preparation, property taxes, tax credit | Tagged 1098, 2009, certificate of occupancy, documents, first-time home buyers, Hud-1, irs, long-term buyer, mortgage interest statements, paper return, retail sales contract, settlement statement, tax credit, tax return | Comments (0)

Capital Gains and What to Report to the IRS

March 2, 2010 – 5:47 pm

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.

By Steve | Also posted in Tax Preparation, capital gain | Tagged 1040, capital gains, carried forward, investment, irs, losses, publication 17, schedule d, Tax Preparation, tax rate | Comments (0)

You Won the Lottery, Avoid Paying Taxes

February 28, 2010 – 1:23 pm

The IRS has come out with a list of helpful tax tips about your lottery and gambling winnings. Although all gambling winnings are taxable, you can avoid paying taxes on your winnings if you can document gambling losses of the same amount.

By Steve | Also posted in gambling, tax credit | Tagged avoid paying taxes, casino, gambling, lottery, races, raffles, schedule A, tax tips, w-2g, winnings | Comments (0)

The Advantages and Disadvantages of Tax Preparation Software

February 12, 2010 – 10:41 am

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.

By Steve | Also posted in QuickTax, Tax Preparation | Tagged Tax Preparation, tax preparation software, tax software, taxes, turbo tax, turbotax 2009 | Comments (0)

Selecting an appropriate Tax Return Form

February 7, 2010 – 9:05 pm

Federal law states that a person, who has an earning from one or the other sources, is liable to pay income taxes to the government every year. But, what is most bothersome to an honest tax payer is the cumbersome task of preparing tax returns.