Tag: tax refund

TurboTax Responds Well To Issues

We are currently in the midst of the tax season, and many tax filers already received their refunds. These individuals should feel happy and lucky because there is an issue currently afflicting the tax industry. Based on recent reports from the TheBestCompanys.com, some individuals are not receiving the refunds they were expecting. Apparently, identity thieves found a way to claim and steal from these unsuspecting individuals. Try using TurboTax 2015 next year.

Since the start of the year, internet fraud on the Turbotax 2015 free platform increased by approximately 37%. This percentage includes suspicious filers and filers who had their information compromised by hackers. TurboTax 2013 creators were not aware of this glitch for quite some time. When they discovered the issue, they started making changes to their interface, and now these issues are becoming less frequent.

The chief tax officer of Intuit, David Williams, believes internet fraud will be an ongoing problem. If they correct one problem, he expects a similar problem to pop up somewhere else. Intuit plans to do their part by placing safeguards and deterrents in vulnerable spots within the interface. Make sure to keep your data safe by updating the software often and working in a secure environment.

TurboTax 2015
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This will help out the tax filer tremendously, but the tax filer needs to do their part as well. Intuit encourages tax filers to guard their information when they are filing a tax return. This will put another barrier in front of any hackers and thieves. Use a firewall on your personal computer, run virus scans, and do not use public wifi services that are not secure. Thinking about doing your taxes from a hotel room, wait to get home as hotel wifi signals are not secure.

Maximize Your Refund With TurboTax

If you are using TurboTax 2015 to Maximize Your Refund while filing, 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 of last year’s details and entries that have been saved on your computer.

This saves time as you do not need to retype much of your information, and also ensures more accuracy. The convenience of TurboTax 2015 doesn’t stop there; the software also allows you to transfer important and relevant information from other files.

Maximize Your Refund
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The fact that TurboTax 2015 looks for important documents and enters financial details automatically is one of the biggest appeals for most users filing their 2014 taxes. The software is designed to make the filing process as easy as possible, and to maximize the refund amount.

Ellis also points out the security and safety of the software – two things important to anyone dealing with personal financial information. Also pointed out are those all important little known deductions and credits, the many innovative tools of TurboTax 2015, and any important deadlines for filing.

Using a tax refund calculator is highly recommended during the entire process, to give users a fairly accurate idea of how much refund to expect. The entire tax filing process is easier and goes much more smoothly when you are able to make any necessary adjustments, based on your estimates of any tax refund.

Many users like to have some idea of their refund amount during the filing process, and the tax refund calculator allows you to be informed every step of the way. You can prepare more efficiently for the financial year when you are able to estimate the amount of your tax refund in advance.

How To Check Your Tax Return Online

Check Your Tax Return Online

Everyone needs to be updated on the progress of his or her application for a tax return after they file. Failure to do this could unnecessarily prolong the waiting time, which is typically twenty one days. In most cases, the internal revenue service, commonly known as the IRS, is able to meet the 21 day target. However, delays associated with incomplete information or inaccurate details will hold up the process especially if the applicant does not get details of the hindrance. As a rule of thumb, one is advised to keep track of the process by checking the status of his or her tax return online.

There are several ways of verifying the condition of your tax return. To begin with, one can use a telephone to check the status of is of her tax return. The process is simple and it entails calling the IRS hotline at 1-800-829-1954. Besides this toll-free hotline, those with iPhone and Android phones can also check their tax return via a special application, IRS 2go. If you would like to check your tax return status online, the IRS website is the most appropriate place to visit. The website application is easy to navigate through and thus accessible to all and sundry.

The Where’s my Refund IRS web application will help you get the status of your tax return. However, this website is usually updated once in a day. For electrically-filed tax return, the refund information should be available in 24 hours after ISR receives the information. Alternatively, you can check your tax return online by simply having your security number ready at hand while logging in to the IRS website. Going by this option, a number of details would be required, including the exact amount to be refunded. Nevertheless, the goal will be met since one will be able to quickly learn the status of his or her returns.

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TurboTax CPA Select

TurboTax CPA Select

Every year most everyone has to prepare their taxes and often it is confusing and a pain to do; however, with TurboTax, the hassle is taken out of preparing taxes. For example, with Turbo Tax, you have many deductions to consider but the hassle is taken out by answering preset questions and then answering them. As you answer the questions, a display will show you on the total refund amounts.

If you have questions as you work on TurboTax, you can get help from an email, the phone, on a message board or talking with a tax professional. In addition, there is a database that can offer quick answers to your tax questions. TurboTax gives a guarantee that their calculations are accurate but if there is a penalty for an error made by TurboTax, they will pay the penalty and refund your money back.

Often with this tax method, you will find a bigger refund and by using TurboTax, there is less anxiety when working on your taxes. TurboTax can be found at office supply stores such as Best Buy and Staples. Prices vary on TurboTax from store to store.

All you have to do with TurboTax is to install it on your computer and then follow the instructions. When you are ready to use this product, pull out all the information you need to file your taxes such as W2s, 1099s, interest and medical expenses. Then, just follow the questions. Forms you need for this process are inside the program. Next, fill out all of the information that TurboTax needs and then continue on with the program. Finish you work by printing it out and mailing it on or file it by efiling

This method of filing your taxes is economical, timely, efficient and most of all you get your taxes done without worry and stress!

In addition, for those who want additional tax help, try the TurboTax CPA Select.

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TurboTax iPad App Allows You Tap Your Way to a Tax Refund

If you own an iPad and still need to file your taxes here is some great news. TurboTax announced today that we now have a new app for the iPad- combining the unmatched simplicity and precision of TurboTax with the ease and portability of the iPad. It is the first and only app that allows taxpayers to prepare and e-file their state and federal tax returns with Turbo-tax using only an iPad. Now you can tap your way to a refund.

The app is optimized for iPad and allows users choose whether to work in portrait or landscape and they have the freedom to prepare their taxes (for 2010) anywhere and at anytime they are on the go.

Turbo-tax on iPad, like all TurboTax products guides people gradually through their returns to their maximum refund. Their returns can also be e-filed from the iPad and can receive their refund with direct deposit, in as little as eight days.

The mobile app can be downloaded from the Apple App store for free to try it out and can be purchased when they are finished. TurboTax Deluxe cost $29.99 and is where customers begin and depending on their tax situation, they can select Turbo-tax Home & Business or TurboTax Premier for an added cost. Preparation of state tax is an additional cost. All prices include e-filing at no extra charge.

Once they have filed their taxes, taxpayers can verify they’re federal tax refund status based on IRS projections with the MyTaxRefund iPad app for free, experience iPad TurboTax tax.

Bush Tax Cuts Do Not Need a Tax Extension

According to the Economic Policy Institute (EPI) it has been ten years since the tax cuts from former President George W. Bush were passed into law, and people are still unhappy about the outcome of the tax reductions.  People believe that the tax cuts were useless, very expensive, and not fair to all Americans.

EPI wants what is best for the economic status of the middle- and low-class Americans.  While doing some research, they found ten things about the Bush Tax Cuts that are important to know and understand.

  1. The tax cuts helped out the wealthy more than anyone, and

… Read the rest

According to the Economic Policy Institute (EPI) it has been ten years since the tax cuts from former President George W. Bush were passed into law, and people are still unhappy about the outcome of the tax reductions.  People believe that the tax cuts were useless, very expensive, and not fair to all Americans.

EPI wants what is best for the economic status of the middle- and low-class Americans.  While doing some research, they found ten things about the Bush Tax Cuts that are important to know and understand.

  1. The tax cuts helped out the wealthy more than anyone, and they are the ones that needed help the least.

  2. Low-income families only received around 1% of the tax cut benefit, and some of these families did not see any improvement at all in their overall tax situation.

  3. Wages were lowered and there was no trickle down of opportunities like there was hoped to be.

  4. The stimulus was very poorly designed.

  5. The economic growth that was likely to happen was not long-term and the recession increased as time passed.

  6. The tax cuts were so widespread that it made the national debt even greater than previously anticipated.

  7. The cuts were more expensive than they promised to be.

  8. They were more expensive than promised, and they still continue to be expensive.

  9. Much Federal revenue was reduced by these tax cuts as estate taxes were removed.

  10. Finally, the cuts have increased interest spending by America, even today. Much of the new debt is required to pay the interest on the new debt accumulated.