Last Minute Tax Tips When Using Turbo Tax

Last Minute Tax Tips

Are you going to use Turbo Tax 2013 to file your taxes this year? Before you head to TurboTax.com, take a moment to read through these tips. With the deadline approaching, you need to know what to do at the last minute to make the filing process successful.

files
files (Photo credit: cali.org)

1. File the Paperwork Electronically

Did you know that Turbo Tax 2013 allows you to e-file your paperwork when you are done? This can save you a lot of time; it really only takes a few minutes. You will instantly submit your tax files so that you do not miss the deadline; you can even do this just hours before the cutoff time.

2. See if You Can Get an Extension

If you’ve been on TurboTax.com and you think you’re going to miss the deadline, you might want to file for an extension. The government will give you – if you are approved, of course – an addition six-month period to file your taxes. Wouldn’t you like to take care of them in October instead of April?

3. Know the Penalties

There are two main penalties that you can get if you use Turbo Tax 2013 or TurboTax.com and you do not get the tax documents in on time. The first is for failure to file, and the second is for failure to pay. Both could cost you up to an additional 25 percent of the total amount that you already owe. However, the IRS often gives extensions for people who have filed and not paid. You should at least get the paperwork in by the deadline, and you could end up avoiding both penalties, even if you don’t have the money to pay the taxes right now.

With these three tips and Turbo Tax 2013, you can reduce what you owe, avoid penalties, and make tax season a lot less stressful than it would be otherwise. The tools at TurboTax.com give you the power to file your taxes successfully without a Certified Public Accountant (CPA), so you’ll actually be able to keep all of the return that you get this year.

Tax Carnival Ecstasy – March 28, 2013

Tax Carnival Ecstasy – March 28, 2013

Welcome to the March 28, 2013 edition of Tax Carnival Ecstasy. In this edition we start out with an article from Bill  Smith on the recent fight between H&R Block and TurboTax over the advertisements that Intuit has been running about part-time tax preparers. We also have a great article John Schmoll from Frugal Rules on why financial adviser compensation is an issue when selecting a professional to invest your money. Hope that you like all the articles, share on Facebook, tweet, bookmark, and come back real quickly.

Tax time
Tax time (Photo credit: slworking2)

filing

Bill Smith presents Turbo Tax Television Ads Will Continue posted at 2011 Tax, saying, “H&R Block has failed its lawsuit and injunction attempts two times against Intuit’s TurboTax.”

Bill Smith presents An Overview Of The Turbo Tax Military Edition posted at 2011 Taxes, saying, “Preparing and filing your taxes on time and to your best advantage may be difficult at any point in your life, but being in the military may pose additional challenges.”

retirement

John Schmoll presents Financial Advisor Compensation – Why it Matters posted at Frugal Rules, saying, “A financial advisor can be a great way to help you grow your portfolio when you have long term goals in mind. Make sure you do your homework and hire one that you feel right about and best fits your needs and goals.”

taxes

Bill Smith presents Innovations For Turbo Tax 2013 posted at 2013 Taxes, saying, “Professional accounting can help business owners save time and resources, and the Turbo Tax 2013 CPA Select edition by Intuit may be the ideal solution for tax filing season.”

Bill Smith presents Tips For Maximizing Your Return posted at 2009 Tax, saying, “When you use free Turbo Tax 2013follow, it is important to make sure that you maximize your return.”

Bill Smith presents Easy Online Tax Filing With Free Turbo Tax 2013 Software posted at 2009 Taxes, saying, “Having expert tax assistance can be the best way to avoid financial penalties, complete your filing on time, and maximize your refund.”

Bill Smith presents TurboTax Helps Users Get More Accurate Tax Returns posted at 2010 Tax, saying, “Each year, Americans are forced to go through last year’s financial information and prepare a tax return.”

Bill Smith presents The Benefits Of Using TurboTax 2013 To File Your Taxes posted at 2012 Taxes – Free Tax Filing Options, saying, “If you have never used Turbo Tax before, you need to consider filing your taxes with this computer program this year.”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Tips For Maximizing Your Return

With The Free Turbo Tax 2013 Software

When you use free Turbo Tax 2013, it is important to make sure that you maximize your return. The free TurboTax software makes this easier than it has ever been before since you will be asked a series of questions about your finances; these questions are much clearer than the labels on the tax documents, so you will really understand what you are being asked and what you need to say. The software will then plug your answers into the right boxes so that you have fully official tax documents with all of the right information in the right boxes.

English: To do to migrate to free software?
English: To do to migrate to free software? (Photo credit: Wikipedia)

Declare Your New Home
One of the best ways to increase your return if you just bought a new home is to list it as your primary residence with the free Turbo Tax 2013 software. You can then get the Homestead Deduction, which can save you hundreds on your state taxes. The free TurboTax program may also be able to help you determine if you deserve a Federal First Time Home Buyer Credit for the year, which can be applied to your Federal taxes, making your one home save you money twice.

Itemize Your Deductions
The free Turbo Tax 2013 software makes it very easy to make a list of your itemized deductions. You should always do this to check and see if the itemized deductions are going to be more than your standard deduction. By using the free TurboTax software to make the list, you can make a wise decision about which deduction will be larger.

Use the Correct Forms
One of the nicest things about the free Turbo Tax 2013 software is that it can help you check to see which form you are using when you enter information. This can make a huge difference. For example, a 1099-MISC form will not include taxes that have already been paid out, so you will be taxed on the totals. A W-2 form, though, will include those taxes that were already deducted, so you may get money back. Use the free TurboTax software to select the type of form that you have so that you do not pay your taxes twice. This way, you actually get all of the money that is owed to you.

Erase the Fees
Finally, the free Turbo Tax 2013 software helps you maximize your return simply because you do not have to pay any fees to a CPA. You can do everything yourself, even if you have never studied accounting or tax law. The free TurboTax software is very easy to use, even for those who are doing their taxes for the first time. By erasing the extra fees, you get to keep all of your return.

Strange But Legitimate Tax Deductions from TurboTax.com

Strange But Legitimate Tax Deductions from TurboTax.com

Tax season is anticipated by some and dreaded by others. For accountants and tax professionals, however, it can be a time of amusement. Tax professionals are used to helping people get the maximum deductions on their taxes, but there are some deductions that take the cake. TurboTax professionals often highlight the odd, but legitimate, tax deductions that they see every year.

A boy in a children's swimming pool.
A boy in a children’s swimming pool. (Photo credit: Wikipedia)

Fido’s New Pad Can Pad Your Refund

Did you know that you can claim a deduction for moving expenses for your pet? If you are relocating for a new job, you can deduct the cost of your moving expenses, including extra expenses incurred to move your pet.

Swimming in Cash

Many people think of swimming pools as expensive investments that drain money from your bank account. If you, however, have a medical condition that is relieved through swimming, you may be able to deduct the cost of maintaining your pool as a medical expense.

Lose Weight, Gain Money

If your doctor has recommended weight loss as a means to improve your health, you may be able to deduct the cost of medical weight loss treatments.

Your “Enlargement” Can Result in a Refund Enlargement

An exotic dancer was able to claim breast enlargement surgery as a business expense. She argued that enhancing her appearance allowed her to earn more money in her business.

Tax professionals see it all between January and April. When you are ready to file your taxes, the professionals at TurboTax.com can help you to get every deduction and the maximum refund on your taxes.

How To Choose An Arizona Tax Attorney

Tax
Tax (Photo credit: 401(K) 2013)

If you have a tax related dispute with the state tax bureau, you need an Arizona tax attorney to help you. They will advocate on your behalf and help you come up with a reasonable payment plan.

Get in touch with previous clients who have dealt with the advocate. Inquire from them if they were content with the legal service that they were rendered. A good advocate will have a great impact on your case in regard to the amount of money you are going to save or recover.

Evaluate the qualification of the attorney by getting in touch with the bar association. Ask the duration the advocate has worked in tax law. It is important to check all their qualifications to be sure that you are dealing with someone knowledgeable in their field.

Plan a consultation with the advocate. Meet the prospective advocate to discuss with them the details of your case. Choose an attorney who suits your budget and your requirements as well.

It is required to have a contract that stipulates all the fees that you will be required to pay. The agreement should state the number of hours that your case will require. Make sure you read all the terms of the agreement before signing it.

Tax Carnival Ecstasy – January 10, 2013

Welcome to the January 10, 2013 edition of Tax Carnival Ecstasy. In this edition we have an article from John Schmoll on the First Steps to Investing in the Stock Market for those looking to save for retirement. Bill Smith looks at President Obama And The Fiscal Cliff Deal that was recently signed after passage in the House of Representatives. And finally we have a post on Ways An IRS Tax Lawyer Help You.  Hope you enjoy the articles in the carnival, bookmark our page, like on Facebook, tweet, share with your friends and come back soon.

James Dean presents Bad Credit Debt Consolidation Loans – How To Find Legitimate Companies posted at Unsecured Bad Credit Debt Consolidation & Personal Loans Online, saying, “Bad credit debt consolidation loans help the borrower to get out multiple debts by simply paying them all off with one single loan payment. This loan payment is often at a lower interest rate than the previous multiple debts and normally, it also has better payment terms. This is like a breath of fresh air for those people that are up to their necks in debt and need help getting their credit rating back up to a healthy place.”

English: Showing how the rapid rise in in mort...
English: Showing how the rapid rise in in mortgage credit distress is being led by subprime ARMs. Conventional loans past due 90+ days and Conventional loans in foreclosure. (Photo credit: Wikipedia)

Gregory Arnold presents How The Unemployed Can Get $1500 Fast Cash Advance Loans posted at Online Fast Cash Loans, saying, “It has been a tradition that if one is not working or earning less than 500 dollars a month, they are not legible for a personal loan on low income or against unemployment. This kind of arrangement has changed with time and the risks involved in extending financial aid to unemployed have been bypassed hence giving the lenders like payday and cash advance lenders to extend loans in small installments to the unemployed;”

credits

Gregory Arnold presents Does Anyone Know Reputable Online Cash Advance Lenders? posted at Online Fast Cash Loans, saying, “It is normal for people to face financial problems. These problems can be dealt with easily, but when salary is not expected soon, that becomes very difficult. However, nowadays there are more efficient ways of dealing with such problems. One of them is applying for cash advance. To do this, you need to look for a good lender. So, the question still remains: does anyone know reputable online cash advance lenders?”

filing

Bill Smith presents Free Tax Filing For 2010 Amended Return posted at 2010Taxes, saying, “Even with the best of intentions, mistakes happen. Sometimes they can be costly. But in the case of amended tax returns, fixing them could be free.”

retirement

John Schmoll presents First Steps to Investing in the Stock Market posted at Frugal Rules, saying, “Just starting to invest in the stock market can be a daunting task for many. But, with a few simple guidelines you can get started on the road to investing for your future.”

tax law

Bill Smith presents IRS Tax Lawyer Due Diligence posted at 2008 Taxes, saying, “Tax attorneys can help people with IRS problems. The IRS is always willing to work with the tax payer to get issues resolved.”

Bill Smith presents Electronic Version Of Pub 17: Getting Cozy With The IRS posted at 2009 Tax, saying, “The electronic version of pub 17 is in PDF format. It contains valuable information about filing your federal tax return.”

Bill Smith presents President Obama And The Fiscal Cliff Deal posted at 2012 Tax – Free Tax Filing Options, saying, “President Obama has left out certain important aspects of the fiscal cliff deal, in a video broadcast on the Web.”

Bill Smith presents The Fiscal Cliff Fact Check posted at 2012 Taxes – Free Tax Filing Options, saying, “Checking the facts on President Obama and the ‘fiscal cliff’ deal.”

Bill Smith presents Fiscal Cliff Deal – 77 Percent Of All Americans Set To Pay More Taxes posted at 2012 Taxes – Free Tax Filing Options, saying, “The President has claimed that the Tuesday night fiscal cliff deal will reduce middle class taxes in America. However, taxes for most Americans will increase in 2013.”

taxes

Bill Smith presents In What Way Can An IRS Tax Lawyer Help You posted at 2009 Taxes, saying, “Even though taxing is such an important subject, it is a pity that quite a number of people are unaware of the depth and importance of taxing.”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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