Intuit Unveils TurboTax CPA Select

TurboTax CPA Select

TurboTax CPA Select is designed to connect small and medium business owners who require someone to file their taxes with a CPA.  In fact, the unveiling was done just in time for the new tax season. With this system, SMBs will know the amount of tax beforehand.

Brian Crofts, Group Product Manager, insists that With CPA Select, the company is focused on fulfilling their customers’ needs.

The new services will be introduced to its clients in two phases. First at the Small Business VCon on January 23. Second at the Intuit Innovation Gallery Walk on January 29. Intuit’s Mountain View headquarters will host the Gallery Walk from 4 – 8 p.m. PT. Most importantly, the company will also take this opportunity to showcase the company’s newest products and services and allow CEO and leaders to air their technology expectations.

Available CPAs have profiles; complete with pictures, star ratings, and client reviews. Notably, it also comes with educational and professional background information. When a CPA is selected, the user uploads and submits tax return from the previous year. Within 24 hours, the selected CPA responds to the request. Users accept or reject the estimate. If accepted, the tax return is prepared and filed.

To join the online service, complete the registration form or login using Facebook. Users are required to give consent for any documents they upload.

Crofts stated that “it’s an online service, but most importantly convenient, because it helps both individual and businesses find someone to file their taxes.” Customers can view a picture, read testimonials from previous customers and review the professionals’ history in one location.

More so, CPAs who are a part of the TurboTax service, connect their profile to their social media sites. The cost of the service starts at $89.95.

Tax Carnival Ecstasy – October 4, 2012

Mitt Romney at one of his presidential campaig...
Mitt Romney at one of his presidential campaign rallies. (Photo credit: Wikipedia)

Welcome to the October 4, 2012 edition of Tax Carnival Ecstasy. In this edition we have some very good articles including the first one by David de Souza on How Do Your Tax Credits Compare With The Rest Of The UK? Anisha at Nerdwallet.com takes a look at Tax-Advantaged Savings Vehicles. How will Mitt Romney handle The Debt Ceiling Deal? Bill Smith has a post for your consideration. And finally Edward Webber examines Which Countries Have The Highest Tax Rates. Hope you enjoy the articles, bookmark, share, tweet, like on Facebook and come back soon.

credits

Samantha Savory presents Let the (Budgeted) Fall Shopping Season Begin! | Miss Money Bee posted at Miss Money Bee, saying, “Temperatures are getting lower and soon the leaves will start changing, which can only mean one thing: Fall is nearly here! For most people, the fall season brings pumpkins, cozy sweaters and cool nights to mind. For others, it signals the time to put away their summer wardrobe and prepare for sweater dresses and boots. After you get done with the task of packing away your favorite tank tops and shorts, you might find that last year’s threads are worn or damaged.”

David de Souza
presents How Do Your Tax Credits Compare With The Rest Of The UK? posted at Tax Credits, saying, “This blog post shows which areas of the UK recieve the most tax credits, with London top of the table at over 5,200 pounds.”

filing

Bill Smith presents TurboTax 2012 Program posted at 2012 Tax – Free Tax Filing Options, saying, “Turbo tax is a company that specializes in filing taxes. You can file your 2012 tax with them relatively easy.”

Bill Smith
presents Impressive Free TurboTax posted at 2012 Taxes – Free Tax Filing Options, saying, “Free TurboTax is a very easy way of getting taxes prepared and filed ready for submission. It is an ideal way for businesses and individuals to file their taxes.”

retirement

[email protected] presents How to Save on Tax? Tax-Advantaged Savings Vehicles posted at NerdWallet, saying, “Get expert opinions on popular tax-advantaged retirement savings vehicles and factors to consider.”

taxes

Bill Smith presents Mitt Romney and The Debt Ceiling Deal posted at 2011 Taxes, saying, “Mitt Romney called the deal between the White House and the congressional Republicans “a mistake”. He went on to say that the deal would cut our defense budget badly.”

Edward Webber
presents Which Countries Have The Highest Tax Rates posted at TaxFix, saying, “If you think you are paying a high amount of tax, you should compare the tax rates of some of the other countries in the world.”

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.

Technorati tags:

tax carnival ecstasy, blog carnival.

 

Unemployment and Taxes

Unemployment is an uncertain and stressful thing in any one’s life.  However, it can be all the more complicated
by the many questions surrounding your tax obligations after losing your job.  This article will discuss a few of the common questions surrounding your tax obligations following unemployment.

If you were recently laid off by your place of employment, you may be curious as to whether or not the severance package they gave you is taxable or not.  Unfortunately, the answer to that question is yes, it most certainly is.  The money you received as a result of your termination is considered to be taxable income and will be included on your W-2 at the end of the year.  Other taxable income includes any payments you receive for unemployment insurance or other benefits you may receive while unemployed.  This includes an unemployment payment made by the government if you have filed for unemployment with your state.

Gifts from friends or family members during this difficult time are generally not taxable if they are kept under a specific amount of money.  Do some research on your state laws regarding the giving of gifts and taxes to make sure that each family member or friend that helps you out stays under the taxable amount.

As far as dipping into your retirement savings goes, if the money is simply coming from a savings or money market account, there is no penalty for withdrawals.  However, if you are planning on making a withdrawal from a different type of retirement plan or from an IRA account, you will have to pay taxes and a penalty if you are under the age of retirement.  These taxes, like the ones you will have to pay for your severance check, will be due at the time that you do your taxes for that year.  So, if you took out the money in November of 2011, you will have to pay the taxes on that money in April of 2012.

Following unemployment, you are probably diligently seeking another job as soon as possible.  It is important to note that the expenses incurred while looking for a new job can be written off as a tax deductable expense.  A financial planner or tax expert can help you with this process if you are unfamiliar on how to do it.

Finally, now that you have found out just how many things continue to be taxed following unemployment, you may be curious as to whether or not you can actually afford to pay what you owe to the IRS.  What is
you can’t?  A simple phone call to the IRS with an explanation of your situation should be able to remedy the problem.  The IRS wants its money and has payment plans that may be able to help you meet your tax obligations.

Author’s Bio: Val Anne is an in-house writer from Franklin Debt Relief, a company specializing in programs for people with high credit card debt.

Tax Carnival Ecstasy – January 24, 2012

Welcome to the January 24, 2012 edition of Tax Carnival Ecstasy. In this edition we have DeWitt Dudley explaining how to Report Your Japanese/Foreign Inheritance. The Effective Tax Rate is Not As Simple As It Seems accoring to Patrick LaRue at 2010 Tax. Eva reports that there are Three Days Extra To File Taxes in 2012. And finally we have Robert Moore reporting that the IRS plans to Audit more taxpayers in 2011 than in previous years. Hope you enjoy the material, bookmark, share, tweet, like on Facebook and come back soon.

DeWitt Dudley presents Protecting The Owners and Stock In A Closely Held Corporationposted at Law Offices of Givner & Kaye, saying, “Operating a business in a closely held corporation can be an excellent way to protect the owner from problems with the business. If the business is adequately capitalized, then someone suing the business may not be able to “pierce the corporate veil” and get to the personal assets of the owner.”

DeWitt Dudley presents Reporting Your Japanese or Foreign Inheritance posted at Los Angeles Asset Protection, Estate Planning, Tax Planning Blog, saying, “For complex tax issues, do not settle, contact the Tax Law Experts at Givner & Kaye. We’re dedicated and aggressive. Contact us today. (310) 207-8008”

deductions

Patrick LaRue presents How to Choose Your IRA CD Investment posted at 2010 Tax, saying, “Many IRA account holders who want to increase their retirement funds in a risk free way look into certificate of deposits.”

tax law

Patrick LaRue presents Effective Tax Rate: Not As Simple As It Seems posted at2010 Tax, saying, “Mitt Romney recently expressed the belief that his effective tax rate is roughly 15 percent. Most people become incredulous upon hearing this claim.”

taxes

Mitt Romney at one of his presidential campaig...
Image via Wikipedia

Steve presents How to Avoid Meeting the Inheritance Tax Threshold posted at 2008 Taxes, saying, “Did you know that whenever anyone dies, the money and the property which is left to the beneficiaries are subject to an inheritance tax?”

Eva presents Three Days Extra To File Taxes in 2012 posted at Best Online Tax Software.

Tommy John presents The IRS is Making Immense High-Tech Strides posted at 2010Taxes, saying, “Electronic Filing Services Are Taxpayers’ First Choice!”

Robert Moore presents More IRS Audits Planned in 2012 posted at 2011 Taxes, saying, “Nobody likes being audited by the IRS, although the chances of being audited are now actually higher as there are more of them planned.”

tips

Rachel C. presents 10 Hidden Ways to Save Money on Auto Insurance posted at Auto Insurance Quotes, saying, “When it comes to saving money on car insurance, there are some things that you can control and some things that you can’t. You’re probably already aware of the importance of maintaining an excellent driving record and owning a reasonable vehicle in order to get low rates. There are several other special discounts floating around out there that aren’t often advertised. Familiarize yourself with the following list of special auto insurance discounts and mention them to your insurance company to see if you qualify.”

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.

 

Technorati tags:

tax carnival ecstasy, blog carnival.