Filing Taxes Online Now Stress Free As Well As Cost Free

Filing Taxes Online Now Stress Free As Well As Cost Free

For a lot of US citizens, the 2009 tax season proves to be taxing the nerves, too expensive, and severely time-consuming.

Fortunately, many ways are available to make tax filing easier, faster, effectively cost free, as well as stress free.

This possibility has come out as a result of a system that facilitates free tax preparation. Through the web site www.TaxACT.com anybody can e-file tax returns now with little to no charge. They can also prepare and print them for free.

There are many good reasons why you … Read the rest

Filing Taxes Online Now Stress Free As Well As Cost Free

For a lot of US citizens, the 2009 tax season proves to be taxing the nerves, too expensive, and severely time-consuming.

Fortunately, many ways are available to make tax filing easier, faster, effectively cost free, as well as stress free.

This possibility has come out as a result of a system that facilitates free tax preparation. Through the web site www.TaxACT.com anybody can e-file tax returns now with little to no charge. They can also prepare and print them for free.

There are many good reasons why you should file your taxes online.

(i) e-filing is faster. It is easy to understand the software which is designed in a question-answer pattern. Intelligent questions are asked in simple English and the tax codes also get sorted out automatically.

(ii) Compared to hand preparation, this method is easier. You no longer need to erase or white out your mistakes. Smart questions are asked by the software on the basis of the previous answers. It also offers the users the possibility of saving their unfinished work and coming back again to resume their work after many days. It’s really so convenient!

(iii) The possibility of making mistake is low. Incomplete information and mistakes are flagged.

(iv) Its cheap. E-filing is cheaper than hiring an accountant. It is affordable and is even free for TaxACT Standard. E-filing your federal tax return is absolutely free at TaxACT.com and some of the taxpayers can even file returns freely at the IRS website.

(v) It makes your refunds faster. In manual approach, it takes months, whereas the e-filers enjoy an average return time of less than even two weeks.

This way of e-filing helps to eliminate costs in the process of filing and completing your tax returns. It also contains the forms, worksheets, and schedules necessary for preparing your federal tax return easily and quickly.

For making the process fast, reliable, and convenient, the TaxACT Standard Federal’s latest edition features a 7-step process that offers automatic flags for incorrect information and trustworthy reference tools. TaxACT can also collect information on its own for state returns, making state return preparations just as simple and fast.

There is also a TaxACT Deluxe edition which provides some additional forms and other supports relevant for a complicated tax scenario.

How to Check Your Tax Refund Status Online?

How to Check Your Tax Refund Status Online?

Knowing that a tax refund is due after filing their tax returns, many people become happy. In case you have a refund due, then you can check your tax refund status online and here’s how.

Few things regarding tax refunds, I feel, are worth knowing before you proceed towards checking your online status. You should first be aware of the nature of your tax refund and possible internet scams.

If there is a good amount of refund due for you, then it’s better to give a good thought on how much … Read the rest

How to Check Your Tax Refund Status Online?

Knowing that a tax refund is due after filing their tax returns, many people become happy. In case you have a refund due, then you can check your tax refund status online and here’s how.

Few things regarding tax refunds, I feel, are worth knowing before you proceed towards checking your online status. You should first be aware of the nature of your tax refund and possible internet scams.

If there is a good amount of refund due for you, then it’s better to give a good thought on how much you are paying for your quarterly taxes and what is the sum of money getting deducted from your paychecks. Tax refund might sound good, but actually it’s not so. Overpaying your taxes means only that the government is acquiring a free loan from you. For the extra tax payments, you are not going to be paid any interest by the IRS; so it’s useless and you should modify your tax payments.

The next thing to be kept in mind is that you have to visit the IRS web site in order to check your tax refund online status. Because of multitude of phishing scams focusing on tax-related issues, people get numerous fake emails dealing with different aspects of tax refunds. All these emails basically are scams and spams! One thing you should remember is that IRS never sends emails to people notifying about a refund due. To check your refund status, just go nowhere else but the IRS web site. Beware of the fraudulent activities centered around tax issues and don’t spoil the possibility of a tax refund.

To know your tax refund status, find out the IRS web site on the internet and visit that site. Then look for the link Where Is My Refund by inspecting the home page. You only need to follow certain simple steps and a couple of mouse clicks and that’s it; your status is in front of you. For your information, keep your tax return copy handy.

Then you will get some responses from the IRS software. Summarizing, you will see some messages such as the tax return filed, but not processed; tax refund was mailed or sent to your account (date mentioned); or because of some problem, IRS could not deliver refund. In case there is some delay in refund due to some tax return filing issues, IRS will notify you regarding that too.

Again, if there is a sizeable refund for you, then you may like to fine-tune your tax payments. There is really no logic for giving a free loan to the government throughout the year. A good sum of money has already been taken by them.

Top Ten Tax Tips for Early January

Top Ten Tax Tips for Early January 2010

The IRS has released their first tax tip of the season with the Top Ten Tax Time Tips. Their tips range from record gathering and filing options to Publication 17 review and contacting the IRS with your questions.

1. Get your records ready. Start gathering all the records you will need to prepare your tax return when all tax forms have arrived in the mail.

2. Watch the mailbox. Keep your eyes open for tax documents in the mail including mortgage interest and W2s from your employer. Some mortgage companies do not … Read the rest

Top Ten Tax Tips for Early January 2010

The IRS has released their first tax tip of the season with the Top Ten Tax Time Tips. Their tips range from record gathering and filing options to Publication 17 review and contacting the IRS with your questions.

1. Get your records ready. Start gathering all the records you will need to prepare your tax return when all tax forms have arrived in the mail.

2. Watch the mailbox. Keep your eyes open for tax documents in the mail including mortgage interest and W2s from your employer. Some mortgage companies do not send the forms separately but enclose them with your monthly statement.

3. eFile When Complete. File your return electronically when it is prepared. The majority of Americans are now filing their returns electronically and the process is much faster than the traditional method of mailing in a paper return.

4. Free File your Return. Many preparation software solutions have teamed up with the IRS to provide free filing options when your income is below certain levels. If you use TurboTax or TaxAct, try the free Federal version before paying for the service.

5. Consider Free Consultations. Many parts of the country now offer free filing consultations. Check with your local library or your local community center to see if they have experienced help for you tax preparation.

6. Direct Deposit is Faster. You can speed up your refund from the IRS if you have them directly deposit the funds into a bank account instead of sending you a check.

7. Watch IRS.gov. The government website has updates throughout the tax season with great advice when you need your questions answered.

8. Publication 17. This IRS document is the end all when it comes to information about your tax return. Check it for changes to the tax code that will affect your return in 2010.

9. Review your return. Mistakes and missing information are common when you send a return without it reviewing it first. Take your time to consider every part of your return for additional deductions and credits your might be eligible for.

10. Contact the IRS. If you have a question to hesitate to call 1-800-829-1040 toll free.