Turbotax Max Benefits

MAX is an optional add-on package for paid versions of TurboTax Online that offers a variety of benefits and personalized assistance after you file your taxes. Turbotax MAX benefits include Live Review, where a certified tax expert reviews your return and answers your questions about it or anything else related to taxes. You can also get detailed guidance from our CPA on how to maximize your tax savings with personalized advice based on your unique situation.

Turbotax Max Benefits
Turbotax Max Benefits

Audit Protection

Protect yourself from potential audits by the IRS. During tax time, TurboTax provides you with a dedicated expert who will represent you and communicate with the IRS on your behalf. With audit representation included with TurboTax, you can rest easy knowing your taxes are in good hands.

Identity Proof

Protect your identity and get help fast if it’s ever stolen with the maximum benefits of full identity restoration. If you or your taxes are ever the victim of identity fraud, we’re here to help. Max Identity Protection covers both the primary and secondary filer, their spouses and dependents in addition to other tax-related services like live tax advice from our experts.

Identity Monitor

With TurboTax Max’s Identity Theft Monitoring, you’ll have peace of mind knowing that if suspicious activity involving your personal identity is detected online, you’ll be notified right away, and a Dedicated Restoration Specialist will be able to assist you in responding quickly to protect your identity. Monitoring covers both the primary and secondary filer (if filing jointly).

Now you can receive alerts to help protect your identity and safeguard your file. If suspicious activity related to your personal identity is detected online, you’ll be notified promptly and a Dedicated Restoration Specialist can help you quickly react to restore your identity.

Theft Insurance

Identity theft is one of the country’s fastest-growing crimes. Protect yourself and your family from it with our Identity Theft Insurance, which reimburses you for stolen funds and pays for legal fees and expenses caused by identity theft. Both the primary and secondary filer are covered if you file jointly.

TurboTax Max Protection keeps you covered with identity theft insurance and gives you peace of mind while you file your taxes. You’re covered if someone steals your identity and files fraudulent tax returns or uses your personal information to commit other financial crimes. You can recover stolen funds and pay for legal fees and expenses.

TurboTax MAX Top Care

Priority Care is an exclusive benefit for customers who file a federal return through the TurboTax desktop product. If you need help with your taxes, TurboTax will connect you to a TurboTax product specialist by phone or video chat. They will draw on your screen to explain how to handle issues that come up while you’re filing.

2022 Step by Step EASY TurboTax Tutorial: How To File Your Own Taxes This Year!

Watch Out For IRS Tax Scams

There have been reported incidents of swindlers using an IRS pitch as a 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 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 Tax period gets near. More about IRS Tax Scams:

TurboTax

IRS Tax Scams

At this time of the year, thieves and con artists fine tune their tricks and up their game in order to swindle individuals, often threatening them with jail terms and deportation. The IRS has now issued an alert to the public, warning of the phone scam and other scams people are likely to be exposed to at this time of making their tax returns. Turbo Tax should help people allay their fears in regards to their 2016 taxes.

IRS Tax Scams
Photo by Judith E. Bell 

The Ohio State Attorney General has been fielding questions and complaints from local residents, especially those from the counties of Morrow, Fairfield and Franklin. It is expected that con artists will pull scams pretending to be from the government as this helps their scams seem more legitimate.

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.

TurboTax Fraud
Photo by Images_of_Money

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 taxpayers who claimed that IRS data was compromised, leaving room for fraudulent activities.

Imagine getting a message from the IRS acknowledging receipt of your federal returns even before you do your taxes. Given that all tax filings are done electronically, fraud has become a big threat.

While TurboTax 2015 free version allows taxpayers to make free tax filings, a rival, H&R Block, took advantage of the fraud cases surrounding TurboTax to attract taxpayers who did not want to fall victim to identity theft, among other types of fraudulent activities.

However, it is important to note that no system is perfect, especially when you consider the fact that both the IRS and most states had already put in place sophisticated systems to detect and help prevent theft.

Tax Deductions That Aren’t Allowed By the IRS

Getting tax deductions 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. If you take your family or your spouse with you and do things on your trip purely for pleasure, those parts of the trip cannot be deducted on your return.

Commuting costs are only allowed from one business location to another business location. The commute from your home to the office is not something you can deduct on your taxes.

tax deductions
Tax Deductions That Aren’t Allowed By the IRS

Make sure your charity giving is to IRS recognized organization or the donation will not be deductible. And if you get something, like a night at the opera, in exchange for you donation, you need to subtract the fair market value of the benefit you receive from the donation that you claim.

And the  IRS has made giving to charities without a proper record not something you can deduct. You could previously deduct small amounts of cash that you gave to charities. But now it is required that you have proof of the donation to get the deduction. So write a check instead of giving cash.

Making Taxes Easier And More Accurate

Making Taxes Easier
Photo by stevendepolo

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. Lets look at ways we are making taxes easier and more accurate to file.

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 software and to obtain the best refund from their Taxes that is legally possible from the Internal Revenue Service.

A really great advantage of the TurboTax software is that there is no need to re-enter important taxpayer information. This reduces the chance of error and allows users to file their returns more quickly. With TurboTax, the user can also transfer information from other files. Easy to use and automated features are readily accessed by anyone who uses the TurboTax software.

Frank Ellis elaborates that TurboTax assists taxpayers in obtaining the largest legitimate income tax refund possible. It enables users to import IRS tax form information from a number of excellent sources. Taxpayers do not have to scout around for documents and enter financial details; the TurboTax software takes care of this for them.

Frank Ellis also says that TurboTax softwawre is simple, secure and safe. He explains that many individuals miss important filing details and that this costs them money. TurboTax highlights tax credits and deductions and also filing deadlines for the tax season.

If someone would like to simplify tax filing even more, he could obtain a tax refund calculator to estimate how much money he is entitled to receive back from the government. With this estimate in hand, any individual can adjust his spending habits and pay check tax withholding.

The tax refund calculator is very convenient to people who want a better understanding of their possible refunds through out the entire filing process. Again, with an estimate in hand, users can plan their financial year more knowledgeably.

For additional information on the upcoming income tax season or to find out more about how to use the TurboTax software online, to to .

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