Tax Deductions

Super Saturday In Ohio: Day Of Help For Filing Taxes

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Day Of Help For Filing Taxes

Super Saturday is a day of help in Ohio for residents in need of help filing taxes. Formerly known as the Franklin County EITC Coalition, the Tax Time Coalition of Central Ohio is ready with professionals in the tax business to help others in need of their services.

The 2013 tax-prep program is funded every year by the Franklin County commissioners. This year, $75,000 was released to support the event. Tax Time serves an estimated 400 families on Super Saturday, with many qualifying for the Earned Income Tax Credit.

Franklin County is … Read the rest

Intuit Unveils TurboTax CPA Select

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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. … Read the rest

Wealthy California Residents Upset About Higher Tax Rates

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Residents Upset About Higher Tax Rates

Many business owners are seriously considering leaving “The Golden State” for good due to excessively high taxes.

From small business owners in the bustling town of San Diego to the top vintners in the beautiful Napa Valley, many high-income Californians are preparing to pack their bags for good.

High-ranking golfer Phil Mickelson is speaking out about his feelings on this issue. He feels that he is being forced to make some tough decisions and has admitted that he has considered relocating to a state that doesn’t make top-earning residents pay such high taxes. Although … Read the rest

The Benefits Of Using Federal Free TurboTax

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Federal Free TurboTax

It isn’t long until 2012 taxes have to be filed. More people are filing online using software like free Turbo Tax. Filing online can make the process easier and it saves time going to a tax preparer. Software such as Federal Free TurboTax does everything for you.

How Turbo Tax Software Works

Turbo Tax is used by millions of people each year. They comment on how it made the process simpler and faster. This software automatically calculates your refund or taxes you according to the data you enter. You can also save your documents for future reference … Read the rest

The Fiscal Cliff Fact Check

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Checking the facts on President Obama and the ‘fiscal cliff’ deal.

There are some important facts which President Obama fails to mention in a Web video concerning the fiscal deal that leave the wrong impression concerning its impact on both the deficit and the taxpayers:

The president tells everyone that “middle-class families” Re not going to have to pay anywhere up to $2000 in additional taxes this coming year. This is certainly true in regard to income taxes however Obama fails to also tell the public about a payroll tax cut expiring. That expiration means that approximately 77% of all … Read the rest

Fiscal Cliff Deal – 77 Percent Of All Americans Set To Pay More Taxes

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Fiscal Cliff Deal

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. The tax relief that has been built into the package will add nearly $4 trillion per year for the next 10 years to the existing $16 trillion debt. The fiscal cliff deal passed by the Senate and the Congress will not stop the Social Security payroll tax cut from expiring. This means that more than 75 percent of American households will face a higher federal tax liability in 2013.

Tax … Read the rest