TurboTax Reaches Goal To Help US Troops

TurboTax Reaches Goal To Help US Troops

Intuit TurboTax recently announced that they have exceeded their $2 million goal to support US troops.  This campaign was launched in part with Mission2Match and Operation Homefront and raised over $1 million from direct donations alone.  The money will be used to support U.S. troops and their families.

Baltimore City Veterans Day Celebration
Baltimore City Veterans Day Celebration (Photo credit: MDGovpics)

Operation Homefront is a countrywide non-profit association.  Since its humble beginnings in 2002, this organization has helped more than 590,000 military families.  With 94 percent of donated revenue going directly to help service members and their families, this charity has a four-star rating with Charity Navigator, a charity watchdog.

Monies were raised each time a donation was made to Mission2Match through online TurboTax.  However, donations went even further with the help of social media.  Each time donors tweeted #mission2match, their donation was matched.

TurboTax has a long been a financial supporter of military members and their families.  They are proud of their partnership with their customers as well as Operation Homefront.  Money raised goes to help families of troops who have been wounded or otherwise unable to work after returning home, such as Air Force Sgt. Angelo Rodriguez who lost his memory after his time serving and could no longer walk or talk.  Thanks to generous donations, Rodriguez and his family now have a place to live and a fresh beginning.   Many other military members and families will directly benefit from the generous donations of Turbo Tax users.  These donations are a very tangible way to express thanks and support to U.S. troops.

The Benefits Of Using TurboTax To File Your Taxes

Using TurboTax 2013 To File Your Taxes

If you have never used Turbo Tax before, you need to consider filing your taxes with this computer program this year. The old methods of tax preparation are quickly becoming archaic. Computers have revolutionized the process, and TurboTax 2013 is leading the way with a number of different advantages.

turbotax
turbotax (Photo credit: davidking)

You Can E-File
One of the main benefits of Turbo Tax is that you can e-file your paperwork when you get done. Say goodbye to stamps, envelopes, and getting your documents back because you didn’t use enough postage. With TurboTax 2013, you could do your taxes on the last possible day and still submit them on time with fast, electronic delivery.

Saving Money
On top of that, Turbo Tax will save you a fair bit of money if you have been going to a CPA. Maybe you have been willing to part with your money because you did not study tax law and you don’t want to make a mistake. TurboTax 2013 makes it easy for anyone to do their taxes, regardless of their background, so you can eliminate those annoying CPA fees.

An Easy, Question-Based System
Turbo Tax uses a system of questions to get the right information from you. These questions are much easier to understand than the legal jargon that is found on standard tax papers. TurboTax 2013 was made for the general public, so you do not have to do any research to use it. Just answer the questions and your paperwork will be filled out for you.

Saving Your Work
You can also save your work with Turbo Tax. Maybe you only have an hour to spare, but you want to get started. You don’t have to do it all in one sitting. With TurboTax 2013, you could work on it for a half an hour each day if that is what you wanted to do. This allows you to spread the work out so that your taxes do not seem quite so daunting. You can fit the work into your busy schedule.

Importing Old Data
If you have used a different version of Turbo Tax before, and you kept your return, you may be able to import the data from that return. This can save you quite a bit of time. If your personal information is the same, just import it into TurboTax 2013 in seconds to get started.

The Industry Leader
As you can see, Turbo Tax gives you a new way to do your taxes that you will love. If you have struggled with other software programs or if you have been afraid to try them, give TurboTax 2013 a shot this year, and you will see why it is the industry leader.

Consumer Reports Releases Tax Tips

2013 Tax Tips

Consumer Reports is a trusted source in products and services.  They recently released their tips for 2013 taxes, which are about online and computer tax services.  These tips help consumers not get caught up into any questionable tax services and help them save money when filing their 2013 taxes.  Consumer Reports offers the following tips for 2013 taxes:

Consumer Reports
Consumer Reports (Photo credit: Wikipedia)

• Check what the online service has available.  Simple forms like the 1040, 1040EZ, and Schedule A for itemized deductions are provided by most online tax services.  However, if you need a more specific form, schedule, or topic, certain online tax providers may not have it available.  Some tax services do not help consumers who have farm income, adoption expenses, foreign income and various other uncommon tax issues.

• Make sure the service supports your state taxes.  Paying for a tax service that will be unable to file your state taxes is not worth your time or money.  Check for this before paying for a service.

• Research the tax company prior to using their service.  Use a search engine like Google or Bing to see what other consumers are saying.  You can also check other sites like the Ripoff Report or Pissed Consumer.

• Check prices.  Compare the prices of different services.  Many online tax services charge more than just a flat rate fee.  Some charge for paper copies of your taxes or to file an extension.  Others charge more as the tax deadline draws closer.

• If possible, stay away from additional advertisements in the form of pop-ups.  Many online tax preparation services will bombard you with pop-ups trying to convince you to upgrade your service at a cost.  You can avoid these solicitations by using the IRS Free File service.  This program is designed for those with an adjusted gross income of $57,000 or less.  To find out more information on the program, visit the IRS website.

Using these tips provided by Consumer Reports will help you choose the right tax service for your situation.  They will also help you to save money when preparing your taxes and decrease the chances you will pay for something you do not need.  In addition, they can help you avoid potentially shady tax services.

New Tax Problems For Lindsay Lohan

Tax Problems For Lindsay Lohan

Many people make wise choices when it comes to filing their taxes, and this annual activity may happen smoothly and without incident. The popularity of Turbo Tax 2013 may help taxpayers benefit more than ever as they prepare to file their income tax returns for 2012. Lindsay Lohan would do well to heed the advice that many individuals follow each tax season, especially since she faces new tax issues about not paying her 2011 taxes. Most people who may owe back taxes are not lucky enough to have a famous and wealthy friend step in on their behalf, but this is exactly what happened for Lindsay Lohan when she received a six-figure check that allowed her to pay off her tax debt for 2009. This may be one of many financial entanglements that Lindsay Lohan may face, but her problems may serve as an example of what not to do and how Turbo Tax 2013 and trusted tax advice may benefit anyone who is dedicated to doing the right thing with their finances.

Over (Lindsay Lohan song) (Photo credit: Wikipedia)

Anyone may hope to keep as much of their earnings as possible each year, and working with tax attorneys, CPAs, or other tax experts associated with Turbo Tax 2013 may help you maximize your refund and still stay in compliance with the Internal Revenue Service. What may separate Lindsay Lohan from other taxpayers may be her apparent cavalier attitude towards legitimate job offers and earnings. Having her bank accounts seized by the IRS may not have had an impact on her behavior up to this point, but you may be the one who feels like a superstar at tax time if you avoid the Lindsay Lohan approach to tax payment.

TurboTax Saves You Time And Money

TurboTax Saves You Time And Money

Again it is that time of the year that you dread; tax time.  It may seem like you just filed, but now you are running out of time to complete and submit your IRS 2012 taxes.  Many people make major mistakes when it comes to filing their taxes.  One common mistake is completing their tax paperwork on their own,  without the use of professional tax expert or professional tax software.  Due to this mistake they underestimate their estimated tax payment and end up owing a lot more than they thought they would.  This can lead to financial trouble for years to come and having to pay penalties and interest.  No one wants to pay more than what they actually owe in IRS 2012 taxes.  Using TurboTax will help you avoid this costly mistake.

IRS Form 1040
IRS Form 1040 (Photo credit: bradleygee)

One benefit to using TurboTax software is that you can use it on your own time. No need to schedule a last minute appointment with a tax professional, who may overcharge you now that you have waited until the last minute to file your taxes.  TurboTax is there and ready when you are.  With TurboTax you do not pay more to file or to use their system if you wait until the deadline to file.  This program is updated with all the new tax laws and codes and will help you get your taxes completely done correctly the first time.

If you are self-employed ,or are an investor, or a landlord, you most likely will need to estimate your tax liability.  People in these categories often do not have enough income tax withholdings to cover what they owe in federal taxes.  TurboTax can help you accurately calculate your estimated tax payments.  To figure out your tax liability when looking at your Form 1040, look at lines 62, which is your total tax, and lines 63, your tax withholding.  Subtract the withholding from the total tax.  The sum is your tax liability.  Estimated tax payments, if you owe them, are due quarterly on the 15th of April, June, September and January.  If your income will change significantly in the next year, you should consider calculating your estimated tax payments from your projected total income.

When submitting your estimated tax payments to the IRS use the 1040-ES form as a voucher to help make sure your payment is processed properly.  Make your check out to “United States Treasury”.  In the memo area of the check be sure to include your social security number and the year for which you are paying taxes.  You can also make a payment using the Electronic Federal Tax Payment System.

No matter you financial situation or tax liability, TurboTax can help you with your IRS 2012 taxes.  This program eliminates the need to track down tax forms, send in W2s, and takes the guesswork out of filing your taxes and your estimated tax payment.  Whether you are ahead of the game or waiting until the 11th hour, TurboTax will help you file your taxes accurately and easily.

E-Filing Your Taxes With TurboTax

E-Filing Your Taxes With TurboTax 2013

We are in the midst of the 2013 tax filing season. Every year since 1993; Americans have increasingly used e-filing software to file their tax returns. TurboTax 2013 has perfected the process of contemporary electronic tax filing.

Since the IRS introduced electronic filing in 1990, they have securely processed over 1 billion individually prepared electronic tax returns. The IRS touts e filing for the following benefits —

• The Tax Returns are More Accurate and Complete – TurboTax 2013 does all the math calculating and even compares data from previous year’s filings for consistency. TurboTax is able to determine state taxes where that information is required on a Federal return, you do not need a separate resource for that. You do not have to be an experienced tax filer to use TurboTax2013.
• Secure and Confirmed Delivery of Your Return — TurboTax utilizes state of the art encryption technology for the secure web transport of your tax return. You will receive an email within 48hrs from the IRS confirming receipt of your return.
• Refunds are Processed and Delivered More Quickly — E filed returns that indicate refunds are processed more quickly than paper filed tax returns. TurboTax2013 works seamlessly with your bank and the IRS for faster direct depositing of your refund.
• Ease of Use — There is no simpler, easy to navigate and use tax software than TurboTax2013. TurboTax is intuitive and self-correcting. TurboTax will prepare your Federal and state returns simultaneously, alleviating the need to input the same data on two forms. TurboTax software is written with knowledge of all the divergent state laws and procedures for filing and makes those transparent for the user.
• Peace of Mind — In addition to the 48-hour receipt confirmation by email from the IRS, you will have peace of mind that your e filed return is accurate.

E-File Dates

E-files dates for 2013 start with the opening date of January 30. The IRS will begin accepting e filed returns after incorporating all the tax policy and law changes that took effect January 2nd. Some e-file dates are later due to late legislation that requires more extensive system testing and programming. Nevertheless, the IRS is prepared to start accepting electronic returns by January 30th, and will process the biggest volume of e filings by late February-early March. That group includes those who will be claiming energy credits, property credits and other business related tax incentives.

The IRS says that the best option is to file electronically. TurboTax 2013 is the safest, quickest and easiest to use software for e filing. You will be assured to meet the e-file dates and have access to TurboTax’s outstanding customer service and support should you encounter an issue with your return that requires expert assistance. TurboTax is the best selling, most trusted e filing software for a reason, the reason is trust; TurboTax gives its users the assurance of an accurate, securely prepared and delivered tax return.