By now, most people have received their tax forms and financial documents. This means that taxpayers are ready to get their tax returns completed and filed. The final step for most people involves choosing a tax preparation software, like Turbo Tax or H&R Block. For this year, that decision is a little bit more difficult. Companies have added new features this time around.
For instance, Turbo Tax now offers a mobile experience that’s identical to its desktop version. Users on iOS and Android devices will use exactly what desktop users do. Taxpayers can seamlessly switch from one … Read more at 2009 Tax.
An agreement between a group of private companies that produce tax filing software,the Free File Alliance, and the IRS has made it very easy to file your taxes. The companies have availed their software to be used at absolutely no charge. This has resulted in over 40 million people turning to filing taxes electronically because of the ease and safety associated with this method. When you file your returns electronically, you also benefit from being able to receive your refund faster than those who have to go through a lot of paperwork.
IRS Publication 17
IRS publication 17 deals with general instructions and guidance for people using form 1040. Paying income tax can be daunting but reading this publication will aid you in this process. The materials contained in this publication are the interpretation of the Internal Revenue Service of court decisions, treasury regulations, tax laws, and additions to the tax code. It also deals with general rules and reminders to help you file your return.
Electronic Version Of Pub 17
The electronic version of pub 17 is in PDF format. It contains valuable information about filing your federal tax return. The precise link from which to download the PDF is http://www.irs.gov/pub/irs-pdf/p17.pdf. The easiest way to work with it is to save the document on your computer hard drive. That way, you won’t need Internet access if you have to refer to the file again in the future.
Most likely, you’ll need … Read more at 2009 Tax.
Lately, the UK pensions system has come under scrutiny because of the way that investors’ savings are locked away until they reach retirement. This year, for the first time since Individual Savings Accounts (ISAs) were started, they attracted more investors and more money than pension savings vehicles. Experts believe that this is because they offer a simple way to save that doesn’t ‘lock away’ savings until the age of 65.
However, through a process called pension release, there is a way for pension savers to unlock some of their hard-earned money before they retire. Anyone considering pension release must … Read more at 2009 Tax.
We do pretty much everything from our phones these days, turns out, taxes are no different. Accountants and techies are combining forces as new ways develop for those who choose to file from their phone. From an easier way to track and report expenses to hand-held glossaries and customer service, exploring ways to file from your phone will change the way taxes get done.
Deducting expenses is essential for businesses owners or the self-employed. Keeping track of those expenses however can be incredibly cumbersome. Travel, meals, supplies, and mileage really add up and the ability to immediately input … Read more at 2009 Tax.keep looking »