Tax Preparation Software Improves

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Photo by citizens4taxjustice

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 version to another. Plus, all tax documents can be uploaded from a smartphone’s camera with ease.

H&R Block, TaxAct, and Turbo Tax are offering their software for free once again. Unlike previous years, users can access more features through free versions. Most companies are going to charge extra for state returns, but Turbo Tax is offering the service free of charge to simple return users.

Also, it’s important to note that CD versions of tax prep software are mostly gone. Users will have to access the software over the Internet. This won’t affect too many users, although some taxpayers prefer the disk versions of their favorite software. For most companies, the install CD is still available, but that won’t be true in a couple of years.

More and more features have been added to Turbo Tax and other tax preparation software. As soon as users pass the Turbo Tax login, they will notice some of these changes!

TurboTax Survey Reveals That Most Americans Are Unaware Of The Tax Implications Of Obamacare

TurboTax: US Residents Aware Of The Tax Impact Of Obamacare

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Photo by squirrel83

According to a recent survey, 48% of Americans are oblivious of the requirements for reporting their health insurance condition on tax returns they file for 2014.

Given that the 2014 tax-filing season is just weeks off, An Intuit Turbo-tax Health Survey that has been performed via the web on 2,000 adults by Harris Poll suggests that Americans remain incognizant of the relation between taxes and health care.

Under Obamacare or the Affordable Care Act, Americans must show that they are in possession of good insurance,according to the law, when filing their 2014 taxes or they will be penalized.

Although the majority of Americans without health insurance, 62 percent, understand that people without health coverage will have to pay a punishment, many are not aware of the reality that the deadline for avoiding this penalty has already passed. Any health coverage secured during the current enrollment period which runs through Feb. 15, will only be applicable for returns that are completed in 2016.

According to the TurboTax Affordable Care Act product leader, Sacha Adam, these numbers show that most US residents do not recognize the connection between taxes and health care even with open enrollment.

Other information that the survey has revealed:

9 in 10 Americans currently have insurance, but people who reside in Southern US states are far less likely to have this coverage than people in any other region.

Almost half of all US residents do not know that there are deductions known as premium taxation credits that are in place to make health ins coverage less costly for families with low to medium income.

Almost 3-quarters of all US residents who bought health coverage from the ‘Health Insurance Marketplace’ intend to renew this same coverage in the year to come.

With extensive dealings in the San Diego area, TurboTax by Intuit Inc, has provided a free, web-based asset at TurboTaxHealth.com.

Electronic Version Of Pub 17: Getting Cozy With The IRS

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.

Seal of the United States Internal Revenue Ser...
Seal of the United States Internal Revenue Service. The design is the same as the Treasury seal with an IRS inscription. (Photo credit: Wikipedia)

Most likely, you’ll need to look into it more than once, especially at crunch time, when the tax deadline is near. If you have enough time, you may want to familiarize yourself with the document so you know everything important. Doing this will help you compute your federal tax return accurately and avoid mistakes that can cost you come tax assessment time.

Be careful out there, you can fall prey to a joke complicated tax return if you end up in a phishing site. To avoid this from happening, look closely at the URL to make sure that you are going to the authentic IRS website. Becoming a victim of a joke complicated tax return can make the process of filing your income tax difficult when it should be rather easy and straightforward.

The best way to really learn to do it is to do it by hand, that is, without depending on tax software that automate the process of computing your taxes. The idea is simple, you just need to ascertain your true income, declare your deductions and claim you tax credits.

Save Yourself Money by Taking Advantage of TaxACT

Save Yourself Money by Taking Advantage of TaxACT

TaxACT is a great tax service that you should take advantage of. It does not require any download or purchase, simply sign in and answer some questions to have your taxes done for you. Not only will this save you the $30-$100 most tax companies will charge you, but TaxACT also uses the best up to date programs to ensure that you will get the largest refund possible.

Saving yourself the unnecessary fees other companies charged would not be worth the investment if the service you receive is not the best … Read more at 2009 Tax.

Save Yourself Money by Taking Advantage of TaxACT

TaxACT is a great tax service that you should take advantage of. It does not require any download or purchase, simply sign in and answer some questions to have your taxes done for you. Not only will this save you the $30-$100 most tax companies will charge you, but TaxACT also uses the best up to date programs to ensure that you will get the largest refund possible.

Saving yourself the unnecessary fees other companies charged would not be worth the investment if the service you receive is not the best you can possibly receive. TaxACT uses up to date software that will get you all of the latest exploits available with the newest rules. There are also many different programs that will guide you to the biggest return as you are answering the questions in the simple interview used to gather important tax information. TaxACT has a special Examiner series handling Income, Deductions, and Credits, savings and loan calculators, and alerts that let you know if you have overlooked any potential savings. Even complex tax returns are comprehensively and accurately handled through TaxACT’s detail oriented and automated programs. This is all to ensure that no detail is overlooked and no potential money is lost in your rebate.

TaxACT pledges that you will get the most money possible for your refund and follows through with a series of programs in place so not a single dollar is missed. TaxACT is also an entirely free service that, while every bit as effective as a pay tax service, will also save you a completely unnecessary fee.

By both offering the most effective tax services possible to ensure the highest refund and doing it at a cost of absolutely nothing, TaxACT will make sure that you walk away from this tax season with more money than with any other tax service.