EasyTaxReturns.com Offers Free eFiling

EasyTaxReturns.com Offers Free eFiling

If you’re looking for an online electronic tax return filing option, take a look at EasyTaxReturns.com as they have several very good programs which include free eFiling with your return. Their tax return application is guaranteed to be 100% accurate, it is easy to use, and you don’t need a credit card.

Two Different Packages

EasyTaxReturns.com offers two different packages depending on your needs. Their Standard option includes your 1040 federal tax return, state return support, easy to use tax forms, and around the clock support. Their Deluxe package includes the filing of you state return in addition to all the great features of the Standard package.

Tax Tips & Resources

Make sure to take a look at the company’s Tax Tips & Resources. They have detailed information about IRS e-filing, a tax guide, information on getting your tax return fast, tips on paying your taxes by credit card, and a number of financial calculators.

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Federal Stimulus Bill Provides Tax Benefits

Federal Stimulus Bill Provides Tax Benefits

The American Recovery and Reinvestment Act also known as the Federal Stimulus Bill provides a number of new benefits for tax payers and the unemployed. Included in the new federal law is an AMT patch, First Time Home Buyer Credit, and a Car Buyer Tax Deduction.

AMT Patch

The Alternative Minimum Tax continues to affect more and more Americans as salaries gradually increase over time and the tax law does not adjust or index to inflation. In the recently enacted  stimulus bill, the federal government has patched the AMT law to keep levels similar to last year to protect millions from paying the higher tax rates.

First Time Home Buyer Credit

Congress and the President saw the need to increase home sales to refuel the economy and therefore included the First Time Home Buyer Credit in the new law. This credit unlike previous similar credits does not have to be repaid and goes as high as $8,000 when a home is purchased between January 1, 2009 and December 1, 2009.

Car Buyer Tax Deduction

Regardless of whether you itemize or use the 1040 EZ tax form, you can tax a deduction for automobiles purchased during 2009. The credit includes all state and all local sales and excise taxes associated with the car purchase.

TaxSimple – Online Tax Preparation Software

TaxSimple – Online Tax Preparation Software

Prepare your federal tax return for free and only pay a small $9.99 fee if you print of eFile your return. Why not try it before you purchase? And all versions of the software are currently priced at the low $9.99 price including Simple, Deluxe, Premier, and Ultimate. Only pay more if you have a complex business return.

Simple Edition

With the Simple edition from TaxSimple, you can prepare not only your federal tax return but also your state tax return for free. Fees only apply when printing or eFiling your returns. Your return is guaranteed to be accurate and you will get the biggest refund possible for your circumstance.

Desktop Versions

If you want to complete your return on your home computer desktop there are options available also. Download any number of tax preparation packages including Individual, Business and eFile. The applications update as tax laws change and the federal, state, and city return integrate fully allowing for easy completion of your state and city returns.

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Property Tax Changes

You probably know about taking deductions to reduce your tax liability. To be clear, deductions are not the same as tax credits – deductions are applied to your earned income before calculating taxes, and thus reduce the amount on which you are taxed. Tax credits are more valuable, and are a direct credit towards the tax that is due.

When you do your taxes each year, you can either take a standard deduction, or you can keep a record of tax deductible expenses and choose to use that if it is greater. For 2008 the standard deduction is $5450, or $10,900 if married filing jointly.

It seems that many people I speak to have not heard that this year you can claim at least some of your property taxes as a deduction, even if you do not itemize your expenses. The law allows you to add your real estate taxes to the standard deduction.

There is a limit of $500, or $1000 for joint filers, so it can save you paying taxes on $1000 of your income. This is all part of the plan to stimulate the housing market.

5 Things about Identity Theft and Tax Returns

5 Things about Identity Theft and Tax Returns

Five things about Identity Theft from the IRS that you need to know to avoid scams this tax season. What to expect from the IRS in the form of communication and who to contact if you think you have become a victim.

1. If you receive a letter or notice from the IRS that makes you think your identity has been stolen or someone has used your social security number illegally, contact the IRS immediately.

2. Contact the IRS right away if you receive a notice that more than one tax return has been filed in your name.

3. If you receive a notice that wages were earned by you from an employer that you have no working experience with, your identity may have been used to file a return unknown to you.

4. If at first you are unsuccessful clearing up misuse of your identity with the IRS, the department has a special office you may contact called the IRS Identity Specialized Unit.

5. You can contact the IRS Identity Specialized Unit 8 am to 8 pm Monday through Friday at 1-800-908-4490.

File an Extension in Minutes

File an Extension in Minutes

In just 5 minutes you can get a 6 month extension beyond the normal April 15, 2009 deadline this year. Everyone is eligible and you will receive an email notification after the IRS has approved your extension. These are the great services offered by FileLater LC.

IRSlogo
IRSlogo (Photo credit: Wikipedia)

Benefits of FileLater LC

There are great reasons to you FileLater LC that you should consider if you want extra time to make sure your return is completed accurately and to your greatest advantage. The company’s online service is easy to understand and the process takes just minutes. The online application is secure with McAfee so you know your information will not be compromised. And their support team is there to assist you if you have questions.

Payment System for Owed Taxes

Filing an extension does not allow you to avoid paying any tax owed to the IRS prior to the due date, it only allows you the extra time you need to complete the return and file it with the government. Therefore, FileLater LC has an online payment system in place so you can make a payment when you file your extension if you feel that you will owe taxes when you compete your return.

FILE AN EXTENSION TODAY!