The first time you do your own taxes is often a nerve-wracking experience. You worry that you are going to miss something and get hit with a steep penalty from the IRS. Fortunately, you can use www.TurboTax.com to file your taxes yourself with confidence. Follow the tips below to complete your taxes with TurboTax 2015.
1. Gather Your Paperwork.
Getting your financial paperwork, including your W-2 and 1099 forms, together before working with TurboTax is a critical first step. Being organized at the start will save you a lot of time as you proceed
2. Check the Cost.
If … Read more at 2011 Tax.
Most taxpayers already know about Turbo Tax, but in case you have not, then you need to find a way to learn more about the software as soon as possible. The free version of the software will save you a lot of money in accounting fees. It will help you calculate how much you are required to pay as well as the tax refund owed to you by the IRS.
The main disadvantage of hiring a tax accountant to do your taxes is that you will be forced to pay a lot of money for the service. The … Read more at 2011 Tax.
You would have been given a refund had you filed your 2011 tax return, but you never did. The IRS is holding onto $1 billion in unclaimed funds that will become the property of the federal government if tax filers don’t claim the funds before the end of the tax filing period. Over 1 million houses failed to file and are owed the money.
Tax payers have three years to file a return and claim funds that they are owed. The people that do not normally file when owed tax refunds are part-time workers or students who do not make … Read more at 2011 Tax.
TurboTax software comes with various benefits and features for users. One such feature allows users to transfer the data from the previous year’s taxes into the current year. Therefore, taxpayers can transfer their 2013 taxes into TurboTax 2015 for their 2014 taxes. Frank Ellis, a Traverse City Tax Preparation Examiner, recently told readers how they can handle this process for their tax returns, which then get sent to the Internal Revenue Service.
A major benefit of this software, as explained by Ellis, is the fact that users don’t need to retype this information. Since data is automatically transferred i, … Read more at 2011 Tax.
Filing taxes for the first time can be nerve racking and it is worse if you are late with your preparation. You may experience challenges gathering all your information so that is why it is important to plan ahead so that you are on time with your filing.
If your 2013 taxes are your first filing, you have to be mindful of who is preparing your taxes. You may choose to prepare the taxes yourself or hire a tax preparer. If you have been asking friends and family about filing yourself, you may have heard about TurboTax.com. TurboTax.com … Read more at 2011 Tax.
Welcome to the February 15, 2014 edition of Tax Carnival Ecstasy. In this edition we start with an article from Bill Smith on taxes and retirement. And Kurt from MyMoneyCounselor.com presents an article on the Alternative Minimum Tax for 2013? Hope you enjoy all the articles, bookmark this carnival, share, tweet, and come back soon.
Bill Smith presents You Need To Know A Lot About Retirement posted at FastSwings, saying, “2014 Taxes are here causing many people to worry a lot about retirement. If you are among these people, i.e. you feel you are far behind in … Read more at 2011 Tax.keep looking »