September 29, 2009 – 1:29 pm It is estimated that 3 out of every 4 returns filed has a computing or typographical error that can end up costing you hundreds if not thousands of dollars down the road.
By Steve | Posted in Tax Preparation, TurboTax | Also tagged accurate, easy way, efile, filing, income tax, new tax laws, refund, tax information, tax return, the refund you deserve, turbo tax, turbo tax 2009, Turbo Tax This Year, TurboTax | When you are a working taxpayer and have dependents that require care while you are working, you can take a tax credit called the Child and Dependent Care Tax Credit, to help offset the expenses. The dependent can be a child under the age of 13 or a spouse that requires care due to physical or mental limitations.
By Steve | Posted in Tax Law, Tax Preparation, tax credits, tax deductions, tax forms | Also tagged child and dependent care, dependent, earned income, full time students, irs, irs publication 503, spouse, tax credit | The IRS is the sponsor of two volunteer programs to assist in the preparation of their taxes. The Volunteer Income Tax Assistance Program is for taxpayers that earn less than $49,000 a year. While the Tax Counseling for the Elderly Program is designed to help anyone over the age of 59. The programs provide volunteers who are specially trained to help these two groups. The volunteers want to make sure tax payers are filing their returns with the correct tax credits like the Earned Income Tax Credit and the Credit for the Elderly.
By Steve | Posted in Tax Law, Tax Preparation, tax assistance, tax credits, tax forms, tax returns | Also tagged aarp, child tax credit, combat zone tax credit, credit for the elderly, earned income credit, military, tax assistance, tax-aid, tax-aid centers, Volunteer Income Tax Assistance, volunteers | August 24, 2009 – 11:25 am Regardless of whether you are a small business owner or an individual, there is no reason to try and figure out your taxes alone.
Most American citizens need to file a tax return but there are some individuals due to age, filing status and income that are not required to do so. An example is a married couple filing jointly that earned less than $17,900 during 2008. The exception to the rule is if one of the individuals is self employed. Self employed individuals always need to file a return if they earned over $400 for the tax year.
