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 maLOS ANGELES, CA – NOVEMBER 10: California Gov. Arnold Schwarzenegger (C) greets job seeker U.S. Army veteran Rodney Buckingham (2ndR) at the Internal Revenue Service booth as he attends Honor A Hero, Hire A Vet job fair on November 10, 2010 in Los Angeles, California. Schwarzenegger launched the ‘Honor a Hero, Hire a Vet’ intiative in 2006, and there have been 47 job fairs since its inception. (Image credit: Getty Images via @daylife)
de $57,000 or less. There are about 15 preparation companies in the program, and all of them have different criteria for eligibility that are usually based on income, age, military status, or state residency. Once you have finished doing your taxes on the Free File program, you can e-file your tax return for free.
You should also know that members of the military, senior citizens, and low income taxpayers may be able to file their taxes for free. Volunteers will help them with assistance and help them file electronically.
One other thing you should know is that new IRS regulations are making all tax preparers have a tax identification number. Tax preparers must use that pin number when they sign taxpayers returns. It your tax preparer does not have one; you need to find another preparer.
Above all, if you are going to file your taxes make sure you have all the necessary documents you need to file correctly.