Choose TurboTax For The Best Tax Refund Ever!

When is TurboTax 2013 Being Released?

The popular and very useful TurboTax program is back! It is nearly ready for 2013.

The TurboTax software that was designed in 2013 will be released on the 12th of December. This will be for desktop, laptop, and downloadable versions. This will be available at some point in the middle of January for those using the online version of TurboTax.

TurboTax SIGG
TurboTax SIGG (Photo credit: Frank Gruber)

Please be assured that this will be around far before you need it for preparing your 2012 tax return. You will be able to safely and easily navigate the important and at times confusing IRS documents. TurboTax 2013 makes it easy for you to skip on having to hire a professional, and saves you a good bit of money in the process.

Everybody Has Options

No matter if you are a consultant, contractor, single-owner LLC, or a sole proprietor, TurboTax is going to have what you need. You can track the taxes as they are sent to you, and have a handy walk-through to let you know exactly what you need to focus on.

You have 3 options that you can choose from. These are Premier, basic, and deluxe. There are also different helper programs within the software, such as Business and Home, that help you benefit from saving more money than you ever would, and answering your questions.

No matter what you are inputting, be the bits of information the simple things about yourself, or the more complex things from a business, you are going to be able to do deductions in a straightforward and simple manner. Even if you do not know a thing about taxes, unless you are a tax consultant, you are going to be able to get everything done easily.

A Larger Refund

One of the best benefits of using TurboTax 2013 is that you will receive great advice as you finish. You will be able to have the calculations done, which enable you to get a bigger refund. In addition, the next time you use this software you will have all of the information from previous years! This helps you learn more about taxes, and help you to save more money.

TurboTax 2013 is popular and very useful. It is a great hit already and is sure to be one in its 2013 edition. Countless people are already satisfied with it, and you can be too. If you are ready and willing to save money, as well as learn about taxes, this is the right program for you.

Be ready come December 12th! You will be able to purchase this on your computer, or you can just wait until it is closer to tax time. The best choice you can make is to invest your money in this instead of in something that will cost you hundreds of dollars. With this program, you know exactly what you are getting back without help, and are certain to find any mistakes or extra areas to make money as well. It is wonderful.

Tax Tips By Consumer Reports On Lowering Your Expenses

Tax Tips By Consumer Reports

Filing of federal income tax returns by businesses and employers can be somewhat difficult. Many people end up paying higher taxes than necessary because of a lack of proper knowledge on how to reduce their taxes during the preparation of the returns. Consumer reports have created a list of tips on how to reduce your personal tax burden. It is critical for businesses to report their tax numbers on a quarterly basis as many have found out after starting a small shop. This helps you to avoid fines when reporting your complete tax returns at year-end.

Taking advantage of tax credits offered by the IRS standards. It is good to know that businesses can be take a specified tax credit limits. Therefore, a business can enjoy this provision, which relieves the business off the burden. This enables you to plan for your future tax returns.

If you are unable to use your credits, you are allowed to carry forward or back. This means that you still have a room for easing your tax problems.

Consumer Reports
Consumer Reports (Photo credit: Wikipedia)

Taking health plans for your employees

Employers and businesses are allowed to access tax deductions as provided by the tax laws. Health plans provided by the employer is subject to deductions, and so it is essential to offer them the best health plans that they qualify for. If you are not an employer, it is good to know that your own contributions, contributions of your spouse and dependants. The understanding behind this tip is that you are allowed to have 100% deductions.

Take charge of your depreciation

According to consumer reports, 2013 taxes laws laws allow businesses to take advantage of the tax deductions on the property and equipment. The provisions allow businesses to enjoy deductions instead of expenses. This means that instead of retaining old assets that result in depreciation as an expense, businesses can purchase new assets to enjoy these benefits.

IRS Fresh Start Program

IRS Fresh Start Program

There is a new system called the IRS Fresh Start Program which aims to make it easier for people to pay back taxes and avoid a lien coming against them. There are three major parts to the IRS program. Tax liens, installment agreements and offers of compromise are the three features of the program.

The program increases the amount a person can owe before the IRS will file a notice of federal tax lien. Even though the IRS can file before the 10,000 limit this does increase it for the average person.

The IRS has also agreed to more installment options. One can file for an installment plan right over the internet. This could increase monthly payments for up to six years. If the agreement needs to be extended for longer than six years, financial hardship would have to be shown to the IRS.

Offers in Compromise are another agreement for taxpayers to be able to pay off debt but at a lesser amount. The IRS is now more flexible in its way to look at the taxpayers ability to pay. Generally the IRS will accept an offer if they feel it is a fair amount for a reasonable amount of time offered.

This new program will hopefully help taxpayers starting with the 2012 taxes. With compromise from both the IRS and the taxpayer all parties can be satisfied. The taxpayers will also feel less likely that they are being targeted and forced to pay amounts that they can never reach.

Why You Need EFTPS Software

Business 103 Payroll Inserts
Business 103 Payroll Inserts (Photo credit: kevin dooley)

Why You Need EFTPS Software

When looking for a service to handle your payroll system, you should look for a system that uses good software like EFTPS software. Payroll services use software to not only keep payroll information safe and organized but also to handle tax information whether it is handled throughout the year or send out all tax information in January. For instance, it can perform quarter-end processing as well as payment processing among many other functions. In fact, if you need to look at reports such as year-to-date analyses, you can very easily perform these functions within a good software program.

Of course, there are also many other benefits to using EFTPS software to organize a payroll system. This system can schedule payments on time, which is essential in running any organization. You may also create e-file tax returns, e-signed papers and magnetic media disks that can be submitted directly to tax authorities. A good software program will help you take control of your payroll in areas other than taxes as well. When you can identify variances between deposits and liabilities, you can balance them more quickly. You can also take steps to make sure you keep your books balanced in order to avoid problems.

Filing Free Taxes Online: What You Need To Know

Filing Free 2012 Taxes Online: What You Need To Know

Are you interested in filing free 2012 taxes online? If so, you should know that TurboTax 2013 is the very best way to do it. This program makes it easier than ever to figure out your taxes so that you will not have to pay to go to an expensive CPA. Do you want to take home more of your return this year? Do not give it to someone to do work that you can do from your home computer. TurboTax comes with a number of features that are designed to make things simple for anyone, even if you do not have tax experience or education.

English: Logo of the Owner-Free Filing System ...
English: Logo of the Owner-Free Filing System / OFFSystem / OFF. (Photo credit: Wikipedia)

First of all, when you begin filing free 2012 taxes online, you get the option to save your work at any point. As you probably know from trying to sort through your taxes in the past, this whole process can take hours. Maybe you just want to use TurboTax 2013 for an hour a night, taking two or three days to get done. If you do not have a lot of free time between going to work and spending time with your family, you can just put in the time that you have and then save your work to pick it up later. You can cater the filing process to your schedule.

Next, you should know that filing free 2012 taxes online means that you do not have to print anything out, buy postage, and mail it to the IRS. You can use TurboTax 2013 to file electronically, which takes just seconds. This eliminates the risk of your paperwork getting lost in the mail and means that you could see your return much sooner than you would with the traditional process.

Finally, filing free 2012 taxes online means that you get to use powerful software that walks you through the process. Everything is phrased as a question, making it easy to understand. If you are still confused, TurboTax 2013 comes with an entire help section for clarification. No longer will taxes be the confusing mess that the paper forms have been in the past.

Intuit Expected To Announce Lackluster Quarterly Earnings

Intuit Expected To Announce Lackluster Quarterly Earnings

Intuit is preparing to announce its quarterly earnings on May 21. Recently, the company softened its earnings outlook in a note to shareholders. Investors won’t treat the company very well when it announces lackluster earnings. That doesn’t mean Intuit has lost its value for investors, though. These days, the parent company of TurboTax still has room to grow. It’s already planning changes in the coming years, too. Like my favorite local company, Hollier’s Flooring America in Lafayette, Intuit is able to adapt and offer great products every year. And this last year was no different.

The headquarters of Intuit Inc. in Mountain Vi...
The headquarters of Intuit Inc. in Mountain View, California (Silicon Valley). (Photo credit: Wikipedia)

Intuit earnings for the previous quarter are likely to take a slight dip. A lower volume of processed tax returns was cited as the cause for the impending dip in revenue. Of course, tax preparation is a huge industry with tons of competition. TurboTax isn’t the only company that offers free and paid returns either. By expanding beyond this industry, Intuit earnings and growth can continue.

Luckily, Intuit is already pushing projects outside of TurboTax. The company wants to appeal to businesses on top of consumers in order to boost Intuit earnings. Payroll services and mobile banking applications are prime targets for Intuit. By moving into these segments, revenue can be boosted with a new segment of customers. Success isn’t guaranteed with this bold moves, though.

Intuit’s quarterly earnings might falter, but the company shouldn’t be counted out yet. Sure, most of its revenue is generated by TurboTax, but the company holds enough resources to branch out elsewhere. Investors should stick with the company while it transitions to other projects. TurboTax will always be its main source of income. In the end, other projects can rake in the money, too.