January 15, 2010 – 7:57 pm
Find Tax Help in Spanish
The IRS is providing many resources this tax season for those that speak Spanish and have had trouble understanding tax information in English in the past. Many of the services provided in English are now available in Spanish.
The best place to start is on the IRS website at IRS.gov/espanol. You can find tax information, avoiding tax scam documents, disaster relief pages, and identity safety helpful tools. Also on the website you will find the IRS federal tax e-File options, available in both Spanish and English.
The IRS has a wealth of video content … Read the rest
By Steve
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Posted in e-file, tax filing, tax forms, tax tips
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Tagged bilingual, canada, IRS, irs gov, irs website, quicktax, spanish, Tax, tax assistance centers, tax information, tax season
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January 14, 2010 – 1:35 pm
Setting Up An Installment Payment Plan
Ignoring your taxes is something that you should never do. And with all the different tax preparation options available today, completing your return is easier than ever before. There are numerous outlets in every major city, office product stores selling the latest TurboTax and H&R Block Home Edition, plus online tax preparation and filing options. And planning you taxes during the year makes completing your taxes at the end of the year, that much more convenient.
If you do enter the tax season unprepared and wait until the very end you can face penalties, … Read the rest
January 13, 2010 – 4:08 pm
Tax Impact of Having Children
There are numerous tax advantages to having children that the IRS has provided. If you have children you can begin claiming them as dependents the year they are born. This immediate tax deduction helps offset some of the additional expenses you will face as a parent. There are other credits and deductions to consider too.
The Child Tax Credit is available for dependents up until the age 17. And once you have received the full benefit of the Child Tax Credit you can file for the Additional Child Tax Credit. This Additional Child Tax Credit … Read the rest
By Steve
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Posted in tax credit, tax filing, tax tips
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Tagged additional child tax credit, Child, child tax credit, coverdell education savings, coverdell education savings account, earned income credit, IRS, kiddie tax, Tax, tax act, tax advantages, tax deduction, taxact
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January 12, 2010 – 5:31 pm
Benefits of e-Filing Your Return
Last year nearly 67% of federal tax returns were submitted to the IRS by electronic transfer, or e-file. The IRS likes tax returns to come in electronic format as it is easier for them to process and recently provided a list of benefits for you to consider.
The speed with which your return can be sent, processed, and a refund sent to you is much better when you file your federal return electronically. The IRS is also able to correct your information if there happens to be a missed calculation on the return. Ten days … Read the rest
By Steve
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Posted in e-file, tax filing, tax tips
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Tagged direct deposit, e-file, electronic filing, federal tax returns, IRS, refund, tax act, tax season, taxact, turbo tax, turbotax
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January 11, 2010 – 4:06 pm
Selecting a Good Tax Preparer
Maybe you have completed your tax return at home with one of the available tax preparation packages like TurboTax but you want a tax professional to personally review your return. The IRS wants to make sure you have the information you need to select the best tax preparer and has provided these tips to avoid issues with the quality of your filed return.
Availability. Make sure the preparer will be available for questions even after the return is filed. You want someone to assist you in the case of an IRS audit.
Background Check. Like … Read the rest
By Steve
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Posted in tax filing, tax forms
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Tagged better business bureau, cpa, enrolled agent, fee structure, IRS, irs audit, signatures, tax preparer, tax records, turbotax
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January 8, 2010 – 4:02 pm
Use the Tax Form that fits You
Filing your Federal Tax Return requires you to select at least one form, a 1040 form. But there are a number of 1040 forms available depending on the complexity of your return. Here are the criteria to consider when selecting a 1040 form.
The 1040EZ is used when your taxable income is less than $100,000, your are married filing joint or single, you are under the age of 65, not blind, you have no dependents, your income from interest earning accounts produced less that $1,500 during the year, and you do not … Read the rest
