Healthcare & Intuit TurboTax

To know the ropes of TurboTax Health care and understand the highlighters of Affordable Care Act, turn your glances towards Intuit Inc. to get apprised of the facts. In addition to Health Care, you can File taxes online 2013 with the assistance of nation’s No. 1 rated online tax preparation services, Intuit TurboTax.

TurboTax(R) has been at your services for over 20 years, and has helped countless Americans decode the know-how of taxing processes. And, with the innovative launch of TurboTax Health, it has widened its spectrum and has taken up the initiative to educate the uninsured Americans how they can be a beneficiary of the Affordable Care Act, as per their requirements.

English: Depiction of the House vote on H.R. 3...
English: Depiction of the House vote on H.R. 3590 (the Patient Protection and Affordable Care Act) on March 21, 2010, by congressional district. Democratic yea Democratic nay Republican nay No representative seated (Photo credit: Wikipedia)

Feel free to logon to www.TurboTaxHealth.com, and check out the new free online tool TurboTax Health. It provides you with the insight into ACA, and how you can make the most of it through an interview-like experience, synonymous with the popular TurboTax software.

Making health care choices can be brain-rattlers, for people may not be sure if they are barking the right tree. Hence, this is where TurboTax Health steps in, and in three easy to-understand steps familiarizes you with Affordable Care Guide. You learn about the health care options you have to make the right decision. Answering to few questions simplifies thing for you, including:

  • · Do you qualify for a tax subsidy? And the estimated amount that would help you to get health insurance at a discount.
  • · Know the estimate of how much you have to pay for your health insurance.
  • · You come to know about the tax penalties in-case you opt not to go for health insurance.

For the ones opting to buy health insurance, TurboTax Health simplifies things for you, as it gets you connected to your state or federal health insurance sellers, or to eHealth, a leading private health insurance site.

Intuit Inc. has helped Americans to decode the complexity of taxation procedures and educated the masses with layman’s terms on the latest tax laws and legislation, and this process they have carried forward with health care.

People with health care queries can get their answers from TurboTax Health, which has created a unique social community of tax professionals and, personal experiences of peers. With the help of AnswerXchange community, people are breathe easy has they can get step-by-step guidance and be more confident on taking their own decision for their health care needs.

With Intuit you are in safe hands, as it has made impression with revenue of $4.2 billion in its fiscal year 2013.

Tax Carnival Ecstasy – January 14, 2014

Welcome to the January 14, 2014 edition of Tax Carnival Ecstasy. In this edition we start with an article from Bill Smith presenting the IRS Tax Adjustments made in 2014. John Schmoll has some Retirement Planning Tips for the Self-Employed. And Kurt at Mymoneycounselor.com looks into Tax ID Theft Awareness. Hope you enjoy all the articles, bookmark, share, tweet and like our carnival on Facebook.

deductions

Justin @ Root of Good presents 11 Tips to Finish the Year Strong posted at Root of Good, saying, “Don’t make a huge financial mistake by ignoring these 11 things you have to do before 2013 comes to a close. These tips include a number of deductions that are “use it or lose it” each tax year.”

IRS Tax Adjustments
Self-employed (Photo credits: www.myhardhatstickers.com)

filing

Bill Smith presents IRS Tax Adjustments In 2014 posted at 2013 Taxes, saying, “Taxes in 2014 are set to undergo various adjustments, affecting more than 40 tax provisions.”

retirement

John Schmoll presents Betterment Review: A New Investing Option to Consider posted at Frugal Rules, saying, “Investing in the stock market is vital to building wealth and with the variety of options available of where to invest it can be confusing. Choosing a good brokerage that has good offering and low fees can be a great way to help grow your retirement portfolio and get your investing on the right foot.”

John Schmoll presents Retirement Planning Tip for the Self-Employed: Don’t Make My Mistake posted at Frugal Rules, saying, “Retirement planning when you’re self-employed can be easily overlooked when you’re busy managing your business. However, this can cause a worse problem as you’re also losing out on a 401k match. With some appropriate planning and selection of the appropriate retirement vehicle you can set yourself up for success and grow your retirement portfolio at the same time. Just make sure that the option you select is the one that’ll benefit you from both a retirement and a taxation perspective.”

taxes

Bill Smith presents Start Filing Your Returns With TurboTax 2014 posted at 2014 Taxes, saying, “Get Your Refund Early by Filing Your Returns Early: E-filing with TurboTax 2014 to Start on Jan. 2”

tips

[email protected] presents Tax ID Theft Awareness posted at Money Counselor, saying, “Responding to explosive growth, the FTC has made January 13-17 Tax Identity Theft Awareness Week. What are the risks? What should you do if you’re victimized?”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

Check Tax Return Online

Check Tax Return Online

Since the 2008 Economic debacle, the U.S. has looked for ways to maximize income while minimizing expenses. As a government’s chief method of income is the taxation of its citizens, the Federal government has looked to allowing the lapse of Bush era tax breaks, raising taxes where appropriate, and stricter guidelines for tax professionals.

This ethos is trickling down to the state level. In some of the harder hit states, new and tighter regulations concerning the taxpayer and his/her tax bill are coming into existence and the taxpayer is facing new and more intense scrutiny. This effectively translates into greater responsibility and headache for the professional tax preparer.

Already living in one of America’s most highly taxed states, the average citizen in the state of New York may not be aware of the ordinances in place that dictate nearly every phase of the tax preparer’s profession and his/her relationship with corporate and individual clients. Tax preparers have to pay a fee and register with the New York Department of Taxation and Finance if they make a least ten tax returns in a calendar year (deeming them professionals). As the Internal Revenue Service already has tax preparer registration in place, this is a double whammy for tax preparers who reside in the state of New York. Twice represented and twice accessed for the privilege of practicing within New York.

Of course, state and federal governments maintain that this regulation is good for the state and good for the country. Regulating tax preparers provides additional assurance that more citizens are in compliance with tax regulations (regulating at every level will ensure more scrupulous compliance). This regulation may persuade people to seek internet services in order to check tax return online and streamline the entire process.

Tax Carnival Ecstasy – July 2, 2013

This image depicts the total tax revenue (not ...
This image depicts the total tax revenue (not adjusted for inflation) for the U.S. federal government from 1980 to 2009 compared to the amount of revenue coming from individual income taxes. The data comes from the Office of Management and Budget’s record of the ‘Budget of the US Government FY 2011’, specifically the ‘Historical Tables, Table 2.1.’ The information is also here. (Photo credit: Wikipedia)

Welcome to the July 2, 2013 edition of Tax Carnival Ecstasy. In this edition we start with an article from Bill Smith on completing your 2012 tax return for free if you have not already. John Schmoll writes about raiding a 401(k) to purchase property and how he would not do it. Keddon Carlisle has some lifetime tax planning software that looks quite interesting. Hope you enjoy all the material, like on Facebook, share, tweet, bookmark, and come back next time.

filing

Bill Smith presents Complete Your 2012 Tax Return For Free posted at 2012 Tax – Free Tax Filing Options, saying, “It’s time to prepare your 2012 tax return. But have you ever considered submitting your federal income tax return online?”

retirement

John Schmoll presents Things I Would Never Do: Raid My 401k to Buy Property posted at Frugal Rules, saying, “There is an increasing number of investors taking out loans on their 401k accounts in order to buy investment property. While diversification of investments is key, the inherent risk may not be enough to offset the potential gain. This is also not to mention the fact of the possible tax implications and loss of hard earned retirement savings.”

Keddon Carlisle presents Lifetime Tax Planning Software | Best Financial Planning Software | Retirement Planning Software posted at Best Personal Financial Planning Software, saying, “This lifetime tax projection software provides fully integrated IRA retirement calculator and 401k retirement calculator facilities automatically apply lifetime taxes related to your traditional IRA, 401k, 403b, 457, Simple, Keogh and other retirement accounts and to your Roth IRA and to your designated Roth 401k, Roth 403b, and Roth 457 account contributions.”

taxes

Bill Smith presents Filing Your Taxes At-Home – It’s Easier Than You Think posted at 2011 Taxes, saying, “Most customers aren’t aware of just how easy it is to learn how to do your own taxes online.”

Bill Smith presents TurboTax Makes Tax Season a Breeze posted at 2009 Taxes, saying, “Financial capability is a major part in an adult’s life. Finishing your degree and getting a job is needed in order to maintain a sustainable life, along with paying taxes.”

Bill Smith presents Filing Free 2012 Taxes Online: What You Need To Know posted at 2012 Taxes – Free Tax Filing Options, saying, “Are you interested in filing free 2012 taxes online? If so, you should know that TurboTax 2013 is the very best way to do it.”

Bill Smith presents Tax Return Extensions Made Easy posted at 2013 Taxes, saying, “Most people these days have such busy schedules and isn’t it a hassle to personally file our tax returns?”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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 is gather as much of your financial records as possible.  If you have lost or thrown away pay stubs or bank statements, you should be able to get everything you need by contacting your employer, bank, brokerage firm, or any other entity that provided you with tax information that needs to be reported.

You are one of 50,000,000 Americans who must f...
You are one of 50,000,000 Americans who must fill out an income tax return by March 15 do it now! …. (Photo credit: Keijo Knutas)

Once you have gathered all of your financial information, the next thing to do is prepare the tax returns.  Be sure that you prepare the tax returns based off of 2010 forms.  Since the tax law changes from one year to the next, 2012 tax forms will not be usable to complete the 2010 tax return.  These forms are available through either the IRS directly, your accountant, or any tax preparation software.

After you have completed the return, be sure to mail it in as soon as possible.  It would be a good idea to also include a check for any owed taxes, but you should be prepared to have to pay interest or fees on any past due amount.

Tax Carnival Ecstasy – May 24, 2013

Welcome to the May 24, 2013 edition of Tax Carnival Ecstasy. In this edition we start with an article from Bill Smith on TurboTax having an issue with their service at the very end of the tax season this year. John Schmoll from Frugal Rules discusses the financial concepts that he understood before he left college in a nice post. And finally Edward Webber looks at the amount of income you can earn before you need to file a tax return. Hope you like all articles, bookmark, share on Facebook, Tweet, and come back really soon.

English: The headquarters of Intuit Consumer T...
English: The headquarters of Intuit Consumer Tax Group at the northern end of San Diego. This is where Intuit develops its flagship tax return preparation product, TurboTax. (Photo credit: Wikipedia)

filing

Bill Smith presents TurboTax Survives Twitter Panic posted at 2009 Taxes, saying, “The 2013 tax season was fraught with unprecedented problems caused by government budget fights and IRS delays in updating forms.”

Bill Smith presents TurboTax Sees Glitch, #Fails On Twitter posted at 2010 Tax, saying, “Filing taxes is a stressful task no matter how anyone puts it, and if anything goes wrong during the filing, it becomes a nightmare.”

retirement

John Schmoll presents 5 Things I Wish I Knew Before I Graduated From College posted at Frugal Rules, saying, “It’s sadly been too long since I graduated from college. There are a number of things I wish I knew before I did, chiefly among them avoiding debt, investing early for retirement by taking advantage of a 401k and networking all with the intention of growing professionally as well as growing my wealth.”

John Schmoll presents Online Brokerages I’ve Used: Etrade Review posted at Frugal Rules, saying, “There are many online brokerages to use as you look to invest in the stock market. The good ones are there to meet your needs and help make sure you’re doing what you can to be investing for things like retirement.”

taxes

Edward Webber presents How Much Can You Earn Without Paying Taxes 2013? posted at TaxFix Feed Update, saying, “Do you want to know how much you can earn without paying any tax in the UK? This article provides all the details and how the limit has been increased.”

tips

Simpsonsparadox presents Tax Evaders! posted at Geek Insider.

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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