Interesting Facts On Taxes

Mr. President, the problem lies with Government Spending and not taxes.

If you saw President Obama’s 2013 budget estimates, then you probably know that he plans to raise 1.5 trillion dollars by increasing taxes for the rich.

It seems the Obama administration believes in taking people for a ride. They think that if they tell a lie over and over again, it becomes a fact. Nowadays, the president and his leftist cabal spend the whole day talking about how rates for the rich are too low.

Anyone who thinks tax rates for any group of people is too low has … Read the rest

Turbo Tax Mobile Apps

Mobile apps are current big news in the world of tax preparation. From providing tax information to allowing users to e-file, these apps are on the rise.

Unlike many competitors, TurboTax is one app that allows users to e-file a 1040EZ with their iPhone or Android device.  Data from around 400,000 financial institutions and employers, W-2 Express, various 1099 and 1098 forms, charitable-deduction records from ItsDeductible, accounting records from popular software like Quicken and QuickBooks, along with any data saved in a .cfx or .txf format are able to be entered. Bob Meighan, vice president of consumer advocacy at … Read the rest

How to Choose a Tax Professional

Your taxes are very important, and they’re something you don’t want to screw up. If you don’t feel comfortable doing them yourself, you’ll want to hire a tax professional to do them for you. Hiring someone to do your taxes can be costly, but it can also save you lots of time and headaches, and it can help you maximize your return. It’s incredibly important to hire someone who is both trustworthy and knowledgeable. Here are some tips on how to choose a tax professional.

Types of Professionals
There are two types of tax professionals that are usually best: enrolled … Read the rest

Turbo Tax Free Edition Takes The Hassle Out Of Filing Your Taxes

With tax season approaching rapidly, many people have begun thinking about using software programs like TurboTax to help them prepare their taxes.  With the April 17 deadline rapidly approaching, now is the time to begin planning how you want to file your taxes this year.

TurboTax is one of the most popular programs in the country, and this year’s free edition is a great way to find out whether the software is right for you.  TurboTax software walks you through each step of the filing process, turning tricky tax topics into easy to understand questions that you can complete in … Read the rest

Avoiding And Reporting Tax Scams

How to Avoid the “Dirty Dozen” Tax Scams

In the past few years, the IRS has seen a considerable rise in identity theft and refund fraud, as scammers attempt to get your personal information in a fraudulent email, where they claim to be someone from the IRS or the makers of TurboTax Software. In the email, they claim that they need a greater amount of personal information, which according to the Better Business Bureau is a red flag.

People should not answer these sorts of emails, call any phone numbers listed or click on any links provided in the letter. … Read the rest

Complete Your Taxes With Turbo Tax

When you are ready to start working on your 2011 taxes, you will find that there are many different software programs available to help.  Choosing the right one can be difficult, but picking the best software for your needs will help make this dreaded chore just a little bit easier.

One of the largest and most popular products is TurboTax, which gives users the ability to import data from different financial institutions to speed tax preparation.  The program works with data provided electronically by many employers, banks, and software programs like Quicken and QuickBooks to limit the amount of … Read the rest