TurboTax Fights Filing Reform
TurboTax has come under fire recently after a report from Propublica revealed that Intuit, TurboTax’s parent company had launched a massive lobbying effort against what is known as return-free tax filing.
This method, which is already used in other countries, would have the IRS prepare an estimate of the taxpayer’s liability. The recipient would have the option to accept the estimate, make corrections to it, or reject it and prepare his own return, using a tax preparation company or other option.
This process puts the onus on the IRS to use the information that employers … Read more at 2011 Tax.
Tax Filing for 2011
Each year, thousands of taxpayers fail to file their federal income taxes. Some individuals willingly forgo this action while others run into special circumstances. No event or situation frees a taxpayer from their responsibilities though. With that in mind, a person can always file back taxes in order to start catching up. Various options are currently available for taxes 2011.
Filing tax returns for previous years often proves relatively simple. However, an individual needs the right software and extensive records for that particular year. Products like TurboTax, TaxAct, and others offer software for … Read more at 2011 Tax.
Using Turbotax 2011 would be the best way to handle the filing of your taxes regardless of your financial situation. There are many people that make the mistake of putting off their taxes until the last minute. However, doing so would only delay the return of the money that belongs to you. Additionally, it is possible that you would be subjected to late fees for missing the deadline. It is important that you turn in your taxes as soon as possible in order to limit the financial stress that you face during this season. Instead of waiting … Read more at 2011 Tax.
2011 Federal Tax Filing
If you think 2011 federal tax filing is confusing, maybe this will help you. Below are some things that you will need to know for the tax season.
You should know that you may be able to file your federal tax return without any cost to you through the IRS Free File program. This program is designed to try to get taxpayers to file electronically. It is open to those that ma
de $57,000 or less. There are about 15 preparation companies in the program, and all of them have different criteria for eligibility that … Read more at 2011 Tax.
If the idea of being your own boss seems increasingly attractive in these trouble economic times, you’re not alone. Surprisingly large numbers of individuals have taken, or are taking, the leap into self-employment. It seems odd, when the economy is contracting, but it is often the case during recessions that the number of self-employed and new small businesses rises. Small businesses are now leading the way in job creation; with more people facing job insecurity and redundancy, for many the only choice is to create their own job. The idea is attractive at any time, being your own boss … Read more at 2011 Tax.
There are many factors that can devalue your return during tax filing. A bit of preparation each month can saves hours of work later on. This can also net you extra money on your return, which is always a good thing.
There are several ways to prepare for your taxes a little at a time. Here we will discuss a few methods that will save you time when taxes roll around, or save you money if you are paying an accountant by the hour to prepare your taxes for you.
Save Your Receipts
Whether you are a business owner or simply buy supplies for your job … Read more at 2011 Tax.keep looking »