Category Archives: TurboTax

Claims that TurboTax Fraud May also Affect Federal Returns

Now that the tax season is here, the fears about TurboTax fraud is more punctuated than ever before. Taxpayers were shocked when they heard about TurboTax suspending state tax filings over fraud concerns. Imagine getting the news that someone else filed your tax returns and claimed your hefty tax refund. Fortunately, this problem only affected the state filings, not federal taxes.

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Well, this has changed. The details may be sketchy, but the FBI is now investigating claims that federal tax returns may also be affected by this fraud, putting your tax refund in jeopardy. The bureau interviewed … Read more at 2009 Taxes

Making 2014 Taxes Easier And More Accurate

Traverse City Tax Preparation expert Frank Ellis has recently written an informative article on how to use all the features of the popular and innovative TurboTax software. In particular, he talks about how to move important information from the previous year’s income tax return to the current year’s return to be filed with the Internal Revenue Service.

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Also in the article, Frank Ellis discusses how to access details from an online TurboTax account or from a computer file. The idea is to get the most use possible out of the TurboTax 2015 software and to … Read more at 2009 Taxes

The Rising Demand For TurboTax Software

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TurboTax Software Demand Increases Intuit Profit

Intuit Incorporated announced a twenty percent rise in quarterly profits, as demand for their TurboTax Software grows. However,the firm appeared to show a loss on it’s fourth-quarter profit income and profit outlook. Intuit states it expects an overall loss of ten to twelve cents a share on an estimated income of between $683 million to $713 million for the fourth quarter.

The company initially forecast an estimated loss of between two and four cents a share on an income between $710 million to $720 million.

The company is based in … Read more at 2009 Taxes

Reconsider Your Mortgage Tax Deduction

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Consider your Mortgage Tax Deduction in a New Way

You may have better options when it comes to your mortgage tax deduction, and Turbo Tax 2014 can help you get the best advantage possible.

Turbo Tax 2014 guides you through the process of decreasing your taxable income, and you may come to a new decision about claiming your mortgage interest. Homeowners have differing ideas about carrying a balance or paying off their mortgages entirely, but the following example may help you make the right decision for you.

For example:

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Q: I have the money to pay off … Read more at 2009 Taxes

Need Free Tax Filing? Choose Turbo Tax Free File For Your Tax Returns

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Filing your taxes over the internet can be tedious. However, Turbo Tax Free file enables you to do your taxes absolutely free over the internet. It is equipped with tons of features that will make you go through the process easily either from your house or office. Moreover, it is ideal for businesses, professionals and even those who are self-employed. Each user can file for their simple tax returns and it avails form 1040EZ that you can fill based on your marital status and availability of dependents. Although the free version can help you, it, may not be able to Read more at 2009 Taxes