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Five Tax Credits You Should Claim

March 6, 2010 – 2:58 pm

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.

By Steve | Posted in Tax Preparation, irs, tax credit, tax return | Also tagged child and dependent tax credit, child tax credit, earned income tax credit, health coverage tax credit, retirement savings, savers credit, tax credits, your tax return | 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 | Posted in QuickTax, Tax Preparation, turbotax | Also tagged Tax Preparation, tax preparation software, tax software, taxes, 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.