TaxACT Can Make Filing Your Taxes Easy

TaxACT Can Make Filing Your Taxes Easy

Tax Act

If you have ever dreaded the coming tax season due to the complicated and often confusing paper work that comes along with it, you need to try TaxACT. TaxACT can handle all of your tax forms for you while you simply answer some simplistic questionnaire style questions. Even complex tax returns such as 1040 with Schedules such as C, D, E, and F are handled the same simple way, and it does not cost a thing!

TaxACT also has video tutorials and unlimited support from trained professionals to help you with any tax questions you may have. There is a College Financial Aid Worksheet for FAFSA, a Stock Assistant for a quick summary of your investment income, and an Examiner series covering credits, deductions, and income to ensure the maximum refund possible. If you enjoy the ease of use of TaxACT but are proficient with tax forms, you have the option to fill out the forms directly.

With TaxACT you do not have to download or store any programs. You simply log in to the site and start answering the simple questions. Any time you feel like you want a break, log out. Your information will be right where you left it when you return. Your information will also carry over from year to year so if your personal information does not change, you do not have to worry about re-entering it. Not only that, but TaxACT can even import your tax information if you have filed with another company in the previous year.

TaxACT is entirely free of cost while simultaneously simplifying and maximizing your tax return. Why go through the hassle of doing your own taxes or even paying someone else to do them when you can have them done for free? Tax season can now just be a breeze, a free breeze, with TaxACT.

First Time Home Buyers Video from TurboTax

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First Time Home Buyers Video from TurboTax

Great information from TurboTax about the First Time Home Buyers Tax Credit. This tax tips video tells of the expanded and extent tax credit that provides $8,000 to first time home buyers and $6,500 to long term home owners that are purchasing a new home before April 30th. Discover the fine points of the tax law including income limits, home qualifications, and ownership responsibilities after claiming the tax credit.

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Selecting an appropriate Tax Return Form

Tax Act

Selecting an appropriate Tax Return Form

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. This involves tedious calculations and the filling of several lengthy tax forms. The dilemma is that as you start earning more, your calculations and paper work get more complex. This means the more you earn, the more number of tax forms you may have to fill out. Some of the important facts related to the tax forms, particularly 1040ez, 1040a, and 1040 have been discussed in this article.

So, despite all these hassles, if you have decided to file your tax return, the first thing you need to do is select the right form.  The most primary tax forms are the 1040, 1040ez and 1040a.  A person needs to use these forms when they go to file their tax return. If your income exceeds $100,000 annually, you need to file tax returns by filling out these forms.

1040ez is a basic tax form for documenting deductions when you are not opting for standard deductions. 1040ez is also the most sought-after form for people who are single. So, who all can fill a 1040ez? The conditions are; that the tax payee must not have any dependents, he or she should not be blind and should be less than 65 years of age. The person filing with the 1040ez must have an annual taxable income less than $100,000 with an earned interest that does not exceed $1,500, and should have non-itemized deductions. For a person with an annual income less than $100,000 as well as a need to itemize deductions, the form 1040a is appropriate.

The inability to select appropriate forms for tax filing may at times result in delayed tax returns. The person may also be required to pay a penalty. A mistake in selecting the right type of form or entering the wrong data could lead to other types of complexities such as a delay in tax refunds. Sometimes the tax department even demands the taxpayer to pay the income taxes again to clear the confusion.

Keeping those harrowing complexities in mind, it is always advisable to seek the guidance of a tax specialist. A tax consultant is always more prepared to select and file your tax forms and efficiently. They could help you in file your tax returns with the required supported documents.

However, it is always beneficial to have some knowledge on various issues related to taxes and return filings. A professional consultant can guide you on complex issues; you should have awareness on the basic rules and regulations related to taxation.

When you have a fair idea of different dimensions of tax filings and the tax forms, you can easily maneuver tax preparation software like TurboTax. TurboTax is available on the internet and you can easily complete your tax return and other related formalities. TurboTax is simple to use and gives you a guaranteed result. At first, you need to download TurboTax to your PC, and then furnish the data that is asked from you. However, you should be very careful to enter the right figures into the TurboTax software in order to avoid any mistake that may arise while filling the forms 1040a, 1040ez, or 1040, when you are finished with your calculations.

1040ez, 1040a, or 1040 tax forms are available from the IRS or public library.

Once you get the form, you should be sure you have all the required documents you might need before submitting your return to the IRS. Make sure that you have signed the form wherever it required and have entered your social security number (SSN) correctly. If you enter a wrong SSN, it could be problematic for you and the tax authorities as well.

Discover the #1 Way to Reduce Your Taxes

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Do you Understand the Tax Changes in the Recovery & Reinvestment Act?

The Federal Stimulus Bill has made many changes to the way taxes need to be filed for everyday people like you. If you were or are unemployed than you definitely can’t afford to pay taxes on unemployment benefits that might not be due and you definitely cant afford to hire a tax professional to file your taxes. What you can do is use the quick and easy, proven TurboTax program that is updated to include and apply all changes made under the Federal Stimulus Bill that may apply to you!

Discover the #1 Way to Reduce Your Taxes

Tax credits are essentially easy ways that will greatly reduce the amount of taxes you are expected to pay. When you earn a tax credit, the amount comes straight off the top of your income. Do you know about all the new tax credits on the IRS platform? Of course not and Uncle Sam doesn’t make it easy! By using TurboTax to fill out and file your taxes you are being equipped with a powerhouse of knowledge about new tax credits as well as other areas of tax laws that can prevent your from over paying or not getting the refund you deserve! The best part is you can do it from your own home and TurboTax is designed to walk people step by step through the entire process. The easy question and answer series makes filing your taxes and earning your tax credits simple!

Free Federal Tax Filing from the Biggest Name in Online Preparation

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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. You are guaranteed to get the biggest tax refund available based on your personal information. Answer simple questions about your tax situation, get the best refund available by a complete review of every credit offered and file your return online for free so you get your money back in as few as 8 days.

Help and Tax Savings Tips

With your Intuit TurboTax return you’ll also get the best in help and tax savings tips. Intuit provides a Live Community where you can ask other users for real time answers you need and when you need them. While completing your tax return, TurboTax also provides you with tips and help specific to the area you are working on. And if you’ve had an event that will make a difference with your return like purchasing a new home, becoming a parent, or changing jobs, TurboTax Federal Free Edition will explain how the change has altered your return and your refund.

So if you are looking for the best tax preparation software available on the market today and are filing a 1040 EZ tax return, TurboTax Federal Free Edition is the best option for you to prepare, print, and file your free federal tax return.

START YOUR RETURN TODAY!

File an Extension in Minutes

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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.

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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!