A Basic Overview Of The Turbo Tax Advertisement Controversy

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The Turbo Tax 2013 Advertisement Controversy

The Turbo Tax 2013 advertisements were undoubtedly memorable and those who have seen them will not soon forget them. It is also impossible to deny that these advertisements were more aggressive in than previous advertisements aired by the company. Despite the fact that TurboTax is one of the most popular tax programs on the market, the company is definitely trying as hard as it can to put down the competition.

Why Were the Ads Controversial in the First Place?

The Turbo Tax 2013 ads emphasized the fact that many tax preparation companies hire trained professionals who do not work as accountants year round. The ads clearly displayed various people who prepared taxes during the tax season later going back to their regular jobs. More specifically, one individual in question worked as a sales clerk while another worked as a plumber.

The ads did not mention H&R Block by name, except to note at the very end that TurboTax handles more tax clients than H&R Block and all other similar companies combined. However, the fact that Turbo Tax was trying to undercut H&R Block and other, similar companies was unmistakable.

The Case

H&R Block retaliated with a swift, harshly worded statement against Turbo Tax before taking the tax software giant to court. In court, H&R Block made a few valid arguments against Intuit, the company that owns and runs Turbo Tax. H&R Block noted that the company puts down those individuals who do not work as accountants on a year round basis, without noting the fact that these individuals do have the training required to properly prepare tax forms. The ads also did not note the fact that many of H&R Block’s employees have extensive experience. Furthermore, the lawyers also note that the ad portrays an unflattering picture of those who work in sales or plumbing.

While the court noted that these arguments were valid, in the end TurboTax won the case and is able to play the ads when and where desired. The courts found that the ads did not breach any laws and, more specifically, did not cause illegal harm to H&R Block. Given this ruling, it is not unrealistic to expect more, similar Turbo Tax ads next tax year.

While Turbo Tax has won the first round of this battle, this is u

Boxing Generic copy
Boxing Generic copy (Photo credit: Wikipedia)

nlikely to be the last battle between these two giants. H&R Block does tax preparation in person while TurboTax is a software program that a person can use on his or her own. However, both these companies are vying for the same clients and so are likely to continue attacking each other and other, similar businesses in an effort to reduce the competition and get a larger share of customers.

Turbo Tax Voted the Best Online Tax Software

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When it comes to choosing which software to use for your taxes this year, many options are available. For those that wish to choose the best software, it does not take a mountain of research to discover that TurboTax reigns as the top dog in the world of tax software, every year.

TurboTax has received accolades from many publications including The New York Times, PC Magazine, as well as CNET. They all hail TurboTax products for being the easiest to use, most effective, and simplest taxes software package to date.

TurboTax triumphs over other tax software with its easily navigate able interface. The ability to effortlessly import older data and tax information is also a huge reason to pick TurboTax over any other product.

Using TurboTax is possible for all levels of users, no matter how simple or how complicated your returns might be. TurboTax takes you step by step through every piece of information that must be filled out, ensuring an accurate return and the biggest benefit to its user.

Using software to do your own taxes is less difficult that most would believe and can save hundreds each year that would normally be spent to get a professional to process your taxes. The IRS states that nearly 19 million returns are done online this year so far, which is a rise of nearly 6 percent when compared to the year before it. When it is this simple to prepare your taxes yourself, the only thing stopping you from saving money is not choosing TurboTax software.

Settle Debts with an IRS Debt Attorney

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You will never know how delinquent debts are until you see all your assets and hard-earned cash had already been taken away from you. This is one of the saddest parts of life that you might experience. But, will you allow this to happen to you? With the help of the IRS debt attorney, you will have the opportunity to escape from this kind of tragic event that is bound to happen.

For people like you who suffer from the consequences of your monetary mismanagement, an attorney can be the last resort and the biggest hope as well. This is because of the fact that they are the most palpable solution to your debt problems. Because of the fact that they are trained professionals, they can help you in all the areas of debt settlement steps and procedures.

Basically, one of the programs they offer in order for your debts to be settled is no other than the offer in compromise or OIC. By having that on your hands, the attorney will have more authority in negotiating with your creditors.  But how and where will you be able to seek the help of an attorney with regard to your debts? These attorneys are handled by companies so, the best thing that you can do to benefit from their help and assistance is to look for debt attorney providers. Before you do that, conducting a research will really count a lot. This will enable you to know and to assess whether a certain company that you chose is reliable and reputable.

Aside from using debt negotiators to negotiate with your creditors, the attorney can also assist you when it comes to the seized property. This is also synonymous to the term IRS seizures which is a very painful tool used by the IRS against a certain taxpayer who failed to pay out his tax at the right time. Actually, there are different kinds of this seizure and the most common is no other than the property seizure. But you don’t have anything to worry about because your attorney will be the one to fix this problem.

So what are you waiting for? If you are suffering the terrible pangs of your debts, now is the perfect time to get an IRS Debt Attorney.

Self Employment Means More Taxes

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Everyone now days wants to make money from home so they can spend more time with their kids. It seems the Internet is on everyone’s mind as the best way to accomplish that and it is indeed probably the best way. However, have you ever considered what it might mean for you tax wise if you are successful in starting your own home business?

Most people who start out to make some extra money online only make small amounts by maybe going to one of the surveys for money websites. They make $50 to $100 or less and then give up. But what if you are one of the ones who does break through and is successful at becoming self employed on the Internet?

The first thing that will happen is that you will have to pay both ends of the Social Security tax. If you are working for a company right now, they pay one half of the SS tax. But once you go out on your own you will be responsible for all 15.3% which is double what you are paying now. And as with all things having to do with the IRS, there is no way around it.

There might be other state taxes that you owe depending where you live. Washington and Ohio have a B&O tax which will take another 1.5% out of your pocket. It might also be a good idea to form an LLC or some other corporate entity for tax reasons and to protect yourself from liability.

All in all, working from home is a great idea that many people would like to be able to accomplish. However, few of them think about all the things that may will happen when you become a sole proprietorship and work for yourself. Like all things in life, there are both good aspects and bad aspects of becoming successful on your own.

Benefits of e-Filing Your Return

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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

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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 is a standard turn-around if you file this way and request direct deposit into a checking account.

The IRS maintains strict security on their transferred communications and feels your information is entirely safe filing electronically. And once your return is received by the IRS your tax preparer or tax preparation software, like TurboTax or TaxAct, will let you know it was received. Then you can monitor its progress to know when your refund will be coming.

Finally, if you do happen to owe taxes, you can e-file immediately when your return is complete and wait until the end of the tax season to send the IRS the amount due. And state returns are often able to be transmitted with the same benefits you will enjoy from your federal tax electronic filing.