Tag Archives: Internal Revenue Service

Watch Out For IRS Tax Scams

There have been reported incidents of swindlers using an IRS pitch as a 2016 IRS Tax scam. One such incident happened to Brett. He panicked after hearing a phone message that the IRS was about to investigate him. Brett is a 43 year old contractor from the County of Morrow. He wondered whether he had missed anything in regards to his Free Turbo Tax 2015 application. So he decided to make a call back and then his worry turned to anger. There are lots of scammers out there especially as the Taxes 2016 period gets near.

TurboTax

At this time of … Read more at 2009 Taxes

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.

Tax Act

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

Tax Deductions That Aren’t Allowed By the IRS

tax deductionsGetting a tax deduction for an allowed expense on your taxes is great. Making the mistake of claiming a deduction that is not allowed by the IRS can you get into trouble and a possible audit. For example, you can deduct the expense of a dinner with clients up to 50% of the bill only. If you claim more than the 50% allowed or you do not properly record the business purpose of the meeting, the deduction could be thrown out.

Tax Act

Travel is similar to entertainment were only the part of the travel that is business related can be deducted. … Read more at 2009 Taxes

Making 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.

Tax Act

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 obtain … Read more at 2009 Taxes

TurboTax ItsDeductible Is Going Mobile

On December 3, 2013, Intuit Inc announced that its’ new TurboTax ItsDeductible app for iPhone had become available. This app is aimed at helping the estimated seventy-five percent of US citizens who donate to charity, convert their goodwill into sizable tax deductions. This app is free of charge and offered on the iPhone with iOS7 app store.

Tax Act

The Turbo Tax online program itself is very popular. When combined with the portability and convenience of a mobile device, the TurboTax ItsDeductible app allows people to easily monitor their charitable donations. This app features valuations for over ten thousand commonly donated … Read more at 2009 Taxes

Tax Carnival Ecstasy – November 19, 2013

Tax Act

Welcome to the November 19, 2013 edition of Tax Carnival Ecstasy. We start this carnival with an article from Bill Smith on filing back taxes. We also have a really good story on filing your taxes after the October 15th deadline has passed for the year. And finally, Intuit is helping those looking for advice on completing their Affordable Care applications. Hope you bookmark, share, tweet, and like on Facebook the Tax Carnival Ecstasy.

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Bill Smith presents How To File Back Taxes posted at 2011 Tax, saying, “All people with income need to file taxes yearly. If you … Read more at 2009 Taxes