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 past returns. Free tax filing 2011 is hard to come by but is not impossible to find. Undoubtedly, taxpayers want to save as much money as possible.
For taxes 2011, the taxpayer needs to fill out all necessary tax return forms. They should treat this return just like any other one, making sure to avoid common mistakes. Failure to do so might cause problems when the IRS receives the return. Without a doubt, it is important to handle this matter quickly to avoid major consequences and problems.
Free tax filing 2011 is still available even though it is a past tax year. Many people fail to realize that they can still finish taxes 2011. The longer an individual waits, the more penalties they will face. In the end, finishing this task quickly produces the best results under all circumstances. That fact should not be forgotten for obvious reasons. The IRS takes federal income taxes very seriously after all.
It is almost tax time and more people are opting to file their taxes online as opposed to using an accountant. The market for online tax filing programs continues to grow since TurboTax launched their program.
Mobile devices are now now introducing apps to help you with the preparation of your 2011 taxes. Currently, only the 1040EZ form can be filed using the iPhone or Android via the TurboTax and H&R Block apps. Complete Tax hopes to launch by the end of January and TaxAct has now made itself available on the iPad. Just scan your W-2 into your smartphone or iPad and your taxes are filed. You can also use your mobile device to track the status of your refund.
TaxACT Logo (Photo credit: Wikipedia)
Other tools that people have found useful include TaxAct’s glossary of terms, tax preparation checklist, tips, and status check. Complete Tax will retain your data in its database in the event that you do not qualify as an EZ filer. TurboTax allows you to ask questions and provides a checklist, while H&R Block answers questions, estimates taxes, and can schedule an in person appointment at a local office.
Users can also enjoy the availability of bookmarks. Some services also refer to the them as flags. While each company calls them something different, these tools come in handy. They allow the user to mark a page to include notes or reminders. The can help the user remember to enter important information and remember where you left off, should you need to stop in the middle of filing your return.