2 Good Reasons to Trust Turbo Tax This Year

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. Turbo Tax proofs all your tax information so you can make sure that everything you enter is accurate avoiding legal ramifications down the road and earning you the refund you deserve. As an added bonus, Turbo Tax regularly updates all the new tax laws that affect the tax credits you may be entitled to under the law.

The Easy Way to Keep up With Tax Credits!

This year alone, there were over 50 new tax credits place don the IRS books that taxpayers like you may be entitled to receive. Unless you plan on spending an immense amount of time studying tax laws there is no way you will be able to be sure you are getting all you deserve out of your refund. Don’t do it alone! Using Turbo Tax is more affordable than seeking a tax professional and is guaranteed to have all the information you really need to literally get the most out of your returns. You might very well qualify for new tax credits that you are unaware of and through a comprehensive software program; Turbo Tax puts the knowledge of a tax professional on your computer screen! You can feel safe and secure knowing that you have the latest information and that you will get everything you are entitled to by the letter of the new and old tax laws.

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TurboTax Free Federal Editon

2008 Tax Return

With TurboTax Online you are guaranteed to get your biggest tax refund possible. And it’s not too late to complete and file your 2008 taxes. Start you return today with the #1 name in online tax preparation, TurboTax.

Free Federal Edition

TurboTax’s Free Federal Edition has everything you need to complete a 1040EZ return. And free tax filing comes with your free return preparation. Plus state tax returns for as little as $30.95 when required. The process is easy and you’ll have your refund in as little as 8 days.

Simple Process

Completing your Federal Return is a simle process. TurboTax will ask you easy questions about your tax situation. Only the questions needed based on your already entered information will be required. The information is automatically used to complete your tax forms. Your refund is then searched for additional credits that can dramatically increase your refund. And finally, e-file your return with the IRS for free.

All For Free

Complete your Federal Tax Return and e-file all for free. Nothing else required. Start your return today with TurboTax, the leader in online tax preparation. Click Here

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Commons Mistakes that Delay a Tax Return

The IRS has a list of common mistakes that might delay the processing of your tax return, here are a few of the errors:

1. Math Errors: If you file your return in the old fashion way, by paper, you might make a few math errors that would delay your return from being processed and your refund arriving.

2. Incorrect Bank Account Numbers: If you request direct deposit of a tax refund but provide the incorrect bank routing numbers or account numbers, the IRS will need to have the numbers corrected before processing your refund.

3. Forgetting to Sign or Date a return: Like Math Errors, when filing a return through the mail make sure you sign the return and date it. The IRS will not accept a return that is not signed and dated.

4. Incorrect AGI: Electronic filed returns will need the prior years adjusted gross income entered to verify the transfer for the current year. Sometimes taxpayers provide an amended amount, a 1040X amount, or an incorrect amount from a math error. All three of these AGI amounts will be considered incorrect for verification.

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Do You Need to File a Tax Return?

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.

Choose to File

If you contact a tax specialist or call the IRS and determine that you do not need to file a return there are cases where you would want to file a return anyway. For instance, if you paid taxes to the federal government through payroll deductions and are expecting a refund. Other cases include if you are eligible for the Recovery Rebate Credit, if you can claim the Earned Income Credit, or you are a first time home buyer and eligible for a tax credit.

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Top Five Tax Tips for 2009

The IRS has released their top ten tax tips and we are presenting the first five tips here now. Continue to check back with us with future tax tips and great online refund filing options from our great sponsors.

1. Gather  your records. Get all your receipts and documents for any deductions you are planning to take this tax season.

2. Do some research. Publication 17 from the IRS highlights everything you need to know to file your 2008 taxes this year.

3. Plan  your filing options. Do you want to use an online free filing option, prepare your return with a CPA or do the return yourself at home with one of the software packages available.

4. Compare your tax forms. Find all the forms you’ll need on the IRS website and compare the forms to last years for differences in the returns and possible new deductions and credits.

5. There’s no rush. You have to mid April to file your return and get file an extension if you need extra time so there’s no rush. Make sure you get every deduction and possibly compare the results of more than one online return filing provider.

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5 IRS Identity Theft Tips

There are a number of organizations with helpful resources if your identity has been stolen this tax season or you feel that your identity might be misused. And do you know what kinds of emails to expect from the IRS so you know that the communication is legitimate?

1. The IRS has a special office called the IRS Identity Protection Specialized Unit which can assist you if you feel your identity might be misused due to the loss of personal information. Contact them at 1-800-908-4490.

2. The IRS never initiates contact with taxpayers through email. Therefore all email appearing to originate from the IRS are fraudulent unless in response to an inquiring that you began.

3. Visit IRS.gov for reporting scams and for reporting bogus  IRS web sites.

4. The Federal Trade Commission has similar identity theft resources and can be reached at 1-877-ID-THEFT.

5. OnGuardOnline.gov is another resource for online protections from the federal government and the technology industry.

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Free e-File with EasyTaxReturns.com

Sign-up to prepare your taxes with EasyTaxReturns.com and get free e-filing. You’ll receive great help with your tax forms for your federal and the state returns and be able to check your refund status online.

Tax Forms and Help

EasyTaxReturns.com has all the tax forms you will need including all 1040 forms, 1098, 1099, and W2 forms. All common forms are included in their two separate packages, the Simple and Deluxe. Get your return fast and you will not need a credit card.

Tax Refund Status

Through EasyTaxReturns.com you will be able to check your refund status at any time. Signup with Bank.com through EasyTaxReturns.com and receive your refund status in addition to free tax tips, news, and interact with tax experts.

START YOUR RETURN NOW!

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Get a Personal Tax Return Extension for 2009

According to many tax professionals and MSN Money one of the best ways to avoid an IRS audit to file your return as late as possible. And filing an extension extends the period of time before you need to file, that is even better. Now with FileLater LC, you can wait until October 15th to file your return as long as you’re getting a refund or have already paid the amount due by April 15th.

Easy Process

Just minutes to complete with special pricing prior to the 15th of February, FileLater is ideal for personal returns and 2008 business tax returns. In just three easy steps you’ll be able to wait an extra 6 months to file your return. Step 1 is provide the personal information required and FileLater LC offers a secure web application protected by McAfee for your data entry. Step 2 is estimate if you’ll get a refund or owe money. You’ll need to pay any taxes owed by April 15th regardless of when you file your return. Step 3 is file your extension and receive confirmation of acceptance.

All Types of Personal Returns

Not only can you file an extension for the basic 1040 returns but also for more complex returns. Returns that have a Schedule C Sole Proprietorship can be extended. Single Member LLC returns can be extended for those protected assets with limited liability corporations. And returns containing IRS form 4868 can also be extended with FileLater LC.

FILE AN EXTENSION TODAY AND GET EARLY DISCOUNTED PRICES!

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