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A Look At The Tax Deadline

The 2014 Tax Deadline

Like most years, the tax deadline for 2014 falls on April 15. Failure to file federal income taxes by this date results in penalties. Most people seek to avoid these financial penalties and get their taxes in on time. Still, thousands of taxpayers run into trouble and can’t meet this deadline each year. Each American adult is required to pay taxes, and taxpayers should strive to meet these deadlines.

English: Protesters standing near the United S...
English: Protesters standing near the United States Capitol during the Taxpayer March on Washington. (Photo credit: Wikipedia)

Many late filers simply procrastinate until the very end and pay the price. Without a doubt, taxpayers should start gathering their documents as soon as possible. Companies and stock firms usually send out necessary tax forms by the middle of February. Two months is more than ample time to file one’s federal taxes. Therefore, the average taxpayer doesn’t have a good excuse for not meeting the tax deadline 2014.

For 2014, the six-month extension lasts until October 13, 2014. That date is static and won’t be changed by the government shutdown. Anyone can take advantage of this extension, but they must apply for it. Fortunately, each taxpayer is guaranteed an extension, and many states offer automatic extensions. A simple extension doesn’t free a person from accrued interest on their tax burden, though.

In the end, tax deadline 2014 is much like every other year. A taxpayer can’t wait too long to file their taxes. They could otherwise find themselves spending hundreds or thousands on penalty fees. Sadly, such penalties can push a person into financial distress quite quickly. It’s always a better idea to file taxes as early as possible on an annual basis.

E-File And Get Your Tax Return Sooner

At the beginning of every year literally millions of people across the country are rushing to get their tax returns. A lot of people choose to file on paper which can be plagued by the usual delays of using the mail. If you would like to get your return more promptly then the best option is probably to e-file.

Doing taxes used to be a mess of paperwork for most people. Many people used to use expensive preparation services to help them deal with this chore. Now there is no need to go through endless papers or to take your taxes to someone else. Millions of people now choose to file electronically and you could say that this has become the norm.

E-filing has advantages. First of all there is software designed to help make it much easier than in the past. You can make sure you do not miss out on any deductions as well as maximize your refund with this help. No more getting confused sorting through reams of papers looking for obscure instructions. Another nice advantage of filing electronically is that your refund will be processed right away and can be direct deposited to your account within days of filing in some cases.

So if you are looking for the best ways to take care of your tax returns, perhaps you should look at the many ways to e-file. You will save time and money as well as receiving any money owed you quicker than through the mail.

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Find Out Everything You Need To Know About TaxACT

TaxACT(R) Offers Taxpayers Affordable and Easy Tax Filing Solutions With Fast Refunds

 

TaxACT 2011 Enables Users to Maximize Their Tax Savings Within a Short Time

The latest version of TaxACT 2011 which is also the Final Version has just been released by 2nd Story Sofware(R).

Lance Dunn, the CEO of the company claims that the new version makes is easy for taxpayers to file their returns and get refunds. Using software to file returns is much cheaper than opting for storefront operations.

With the Deluxe, State and Federal editions of the TaxACT software for iPads, taxpayers can now e-file state and federal 1040 returns.

The program also allows users to transfer key data from last year’s returns regardless of how they filed last year’s 1040 returns. For instance, taxpayers who are using the Deluxe can import the TaxACT returns from last year while other users who are using any of the other 11 solutions can import last year’s returns in form of PDF.

The software has tools that allow users to do their taxes confidently. The program has robust search capabilities as well as free personalized help. In case of any problem, users can contact customer support for technical assistance.

The website www.taxact.com allows taxpayers who file their returns online to check the status of their state and federal returns 24 hours a day. Users can also check their returns using their mobile phones at m.taxact.com.

Taxpayers who are using the program have several refund options. Users can get refunds from their federal returns in as little as seven days.

The Free Federal Edition of the program has no restrictions and can be used to file complex returns. This tool is the best solution when it comes to filing both complex and simple returns.

The Federal Edition makes tax filing very easy as it has e-filable forms. It has schedules and forms for rental property income, self employment investment and business income.

All the products from TaxACT are affordable, risk free and come with price and money-back guarantees. Furthermore, State and Deluxe users are not required to pay unless they view PDFs, print or e-file their returns.

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