Tag Archives: IRS tax forms

Maximize Your Refund With TurboTax

If you are using TurboTax 2015 to file your 2014 taxes, the software can save you a lot of time by transferring last year’s information into the current year, explains Frank Ellis, a tax specialist.

In an article in the Traverse City based Tax Preparation Examiner, Ellis explains in detail how users can simply use last year’s information and then submit their return to the IRS with the up to date information.

Users are also able to use TurboTax 2015 to get the largest possible refund, and Ellis tells you how to do this by explaining how to access many … Read the rest

Bitcoins Ruled As Taxable Property by the IRS

The US Government has recognized Bitcoins which is good in a way but at the same time they have decided to view them as property, making them taxable. If they had decided that the virtual currency actually was a currency then a tax could not be placed on them when they gain in value. Some view this as making the currency legitimate, and a good thing.

Bitcoin Magazine

Bitcoin Magazine (Photo credit: zcopley)

The fact that they can now be taxed reduces the interest for some who see the risk in the fluctuations in value and don’t want to take on the … Read the rest

Completing Your Taxes

Completing Your 2010 Taxes

Completing an annual tax return is a responsibility that is shared by all American wage earners.  If you fail to file a tax return in any given year, you could face both legal and monetary penalties.  If you have not yet filed past due tax returns for your 2010 taxes or previous years, it would be a good idea to file a complete tax return for those years as soon as possible to avoid being penalized.

When looking to complete a return for 2010 or a previous year, the first thing that you need to do … Read the rest

Checking Your Tax Refund Status After Using TurboTax

Checking Your Tax Refund Status

After filing your taxes with TurboTax 2013, you’ll immediately begin wondering about the status of your refund. Nobody likes filing their tax returns, but nobody complains about receiving money back each year. The Internal Revenue Service and TurboTax.com make finding this information a relatively simple affair. However, there are certain things that taxpayers need to keep in mind before looking up their status. Such information isn’t available right away after all.

Socialism ? ... Fiscal danger lurks with nearl...

Socialism ? … Fiscal danger lurks with nearly every choice — Scenario 3. (7:44 PM, Nov 17, 2012) …item 2.. FL Officials File Emergency

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Think Of Tax Filling? Think Turbo Tax.

Think Of Tax Filling? Think Turbo Tax.

March is coming and many businesses out there know what this means. This period officially marks the time to file in business taxes back to the government. Due to this hectic activity, pressures go high thanks to the labor intensive, time consuming nature of this act. Fortunately, there is Turbo Tax to aid you in your task.

TaxACT Logo

TaxACT Logo (Photo credit: Wikipedia)

Unfortunately, there are numerous software programs out there which claim are capable of easing your way around tax filing, but the thing is, most are mere half baked truths offering dead … Read the rest

Free Tax Filing For Amended Returns

Free Tax Filing For 2010 Amended Return

Even with the best of intentions, mistakes happen. Sometimes they can be costly. But in the case of amended tax returns, fixing them could be free.

There are any number of reasons why people may want to amend their federal tax return. In addition to correcting simple errors, they may want to take advantage of a new credit, such as the $8,000 first time home buyer tax credit. Or they may have forgotten that lottery win back in July 2010.

IRS Form 1040X, 2005 revision

IRS Form 1040X, 2005 revision (Photo credit: Wikipedia)

Whatever the cause, free tax Read the rest