Online Tax Preparation Made Easy

Online Tax Preparation Made Easy

Finally a Solution to Online Tax Preparation That Makes Sense

Now that you’ve decided to take advantage of the online tax preparation method of filing your income tax return, you need to select one of the tax vendors from the many listed in the search results.

You really need to select the one that will best supply your needs, and this will involve some research on your part. This guide may be of help to you as well. We’re assuming that you haven’t filed a tax return online before, so you may not be 100% certain on the services that you may need.

There are various factors to consider, as well as tax documents you need to have in hand before you start to look for an online tax filing service. Get all of your tax documents together such as W-2’s, 1099’s, and any other information that was sent to you.

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5 Free Tax Return Filing Tips

5 Free Tax Return Filing Tips

5 Free Tax Return Filing Tips to Simplify Filing Your Taxes

It’s a known and unfortunate fact that most individuals aren’t too efficient when it relates to tax return filing. We offer these free online tax preparation tips to help those who are disorganized and/or unprepared. Many are stressed out because they are not organized and it doesn’t have to be that way.

  • A checklist can be a big help in getting organized.

Making use of a good checklist will guide you in organizing all of the correct documents that you need. This one free tax return filing tip alone can make sure that you don’t miss any required details. Did we mention less stress? Getting your required documentation organized will allow you to View full post…

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How to File Your Taxes Online

How to File Your Taxes Online

How to File Your Taxes Online Faster with These Tips

There are many reasons to look for tax filing help, especially if you’re not sure how to file your taxes online. Many individuals feel that the tax laws are very complicated, and they’re simply not comfortable in filing their own tax returns.

For these individuals, tax filing help can come from a couple of sources. One option is going to a tax preparer and having him/her prepare your tax return. This may appear to be the easiest way out of your dilemma; however, the taxpayer is ultimately responsible for the return. Plus, the high fees can be a turn-off.

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Lucrative Free Tax Filing Online

Lucrative Free Tax Filing Online

The Ultimate Guide to Free Tax Filing Online

Do you still take your tax records to a CPA or other tax professional for a simple return? Each year, millions of taxpayers are taking advantage of free tax filing online at one of the online tax filing firms.

Cost and convenience are the two major reasons for this change. Having a tax professional prepare even a simple return without itemizing, can cost several hundred dollars. Traveling to and from a tax professional can be very inconvenient as compared to doing your taxes online from the comfort of your home.

You’ve probably heard about the new tax law that goes into effect for 2018 tax returns. The primary change in this law raises the standard deduction to View full post…

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Do Your Taxes Online Fast & Accurately

Do Your Taxes Online Fast & Accurately

How To Do Your Taxes Online In Minutes

Quite often it doesn’t make much sense to have a professional handle your taxes. There are many reasons why it makes more sense to do your taxes online yourself.

It all boils down to cost. When you consider the fees charged by professionals versus the small fees to file your taxes online, its a no-brainer. During the 2018 tax season, the average fee by a pro for a federal and state return using the standard deduction was $175.00.

Filing the same return using itemized deductions, the total fee was $275.00. Say you had a side gig and had to file a Schedule C, the total fees would be in the area of $450.00 and up. In some areas of the country where the cost of living may be higher, your total fees went well View full post…

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1040.com | Best Way To File Taxes

1040.com | Best Way To File Taxes

Why We Think 1040.com is the Best Way to File Taxes

Did I hear you correctly? You haven’t filed your taxes yet? If not, there’s no reason to panic. We can guide you in finding the best way to file taxes – and at a low cost. What’s more, it won’t take you very long and it’s quite easy to do. Just follow our simple instructions and before you know it, filing your taxes will be nothing but a pleasant memory.

Find all of your tax documents that were sent to you

You wouldn’t start a building project without plans and filing your taxes is no different. Gather your W-2 and 1099 forms that you got in the mail, plus View full post…

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Tax Breaks for Foster Parents

Tax Breaks for Foster Parents

Do Foster Parents Qualify for any Tax Breaks?

If you’ve ever researched the current tax code trying to find out if there were any tax advantages in being foster parents, it had to be confusing at best. Normally, a foster child does not qualify for the same tax credits or deductions that you would receive for an adopted or a biological child. However, there are a couple of very important tax advantages that are available.

A definition of a foster child is someone who has been placed in your care by a court order or an authorized state or local government agency. If the child has not been placed with you under those rules, there are no tax breaks available. Under IRS regulations though, the child may be able to be claimed by you as a dependent. You can find out more at the IRS website, Who You Can Claim as a Dependent.

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Incredible Tax Deductible Items

Incredible Tax Deductible Items

Tax Deductible Items for your Job – Keep Accurate Records

Most individuals who are employed, and earn W-2 wages, usually don’t have on the job expenses. However, many others do have various tax deductible items that can be used on their tax return to reduce their taxable income.

Various professions, such as law enforcement, outside sales, and construction workers, to name a few, incur expenses in the performance of their job that are not reimbursed by their employer.

These could include tools, uniforms, use of personal auto, uniform cleaning, and many others. The important thing to remember is that these employee business expenses can be deductible if you personally paid for them and you were not reimbursed by your employer.

Where do you claim and deduct these tax deductible items?

As an individual employee, you can deduct these items if you use the itemized deduction method on Schedule A, and are not using the standard deduction.

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Incredible No Big Tax Refunds

Incredible No Big Tax Refunds

Don’t Over Withhold Taxes to Get a Big Tax Refund

Yes, we know getting that big tax refund is nice and it comes in handy. But it just doesn’t make good financial sense. You’re allowing self-serving politicians to play with your money with an interest free loan, and then you have to prove to them that it belongs to you by filing a tax return.

Another reason this coming year, for not over withholding, has to do with the Equifax credit bureau breach. Over 143 million individual accounts were taken, and many of them will be used to file fraudulent tax returns. If you’re not aware what happens then, let me explain.

These thieves file fraudulent tax returns very early when tax season opens and before the IRS receives the copies of W-2’s and other tax forms. They use your View full post…

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File Taxes for Free Now

File Taxes for Free Now

The Ultimate Guide on How to File Taxes for Free

Do you still take your simple tax return to a CPA or a professional tax preparer? Don’t their high preparation fees seem excessive? The fact of the matter is that many individuals qualify to file taxes for free, but are still intimidated by the concept of taxes.

A few years back, I could understand this apprehension. But today, there is no reason to feel that way. Tax preparation software has become so intuitive and technologically advanced, it can literally prepare your return for you.

If your gross income is $100,000.00 or less, and it meets the IRS guidelines to file a Form 1040-EZ, there is no charge to file your federal return.

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