Tag Archives: Tax preparation

Saving Money With Tax Services

Locating free 2012 tax filing services would be a great idea for anyone that has a need to save some money. Spending hundreds of dollars on tax software is likely something you cannot afford when dealing with the large burden of taxes. However, it is important that you find a way to get your taxes done as quickly as possible. When you use out of the best free options on the market today, you will be able to keep hundreds of dollars in your pocket. Throwing away money on software is likely something you cannot justify on a limited budget, free options can help you to get great results while also allowing you to save some money in the process. There are many companies that attempt to make it difficult to get taxes done, this helps them to ensure that they are able to profit off of your need for help.

However, free 2012 tax filing services offer many alternatives that can put the power back into your hands. The company you select to complete your taxes is very important. Making the right choice would help to limit your tax burden. Additionally, you can eliminate much of the time that goes into filing your taxes. The turbo tax 2012 software would be one of the best options that you could find available to you today. This program is very simple, it takes just a few minutes to enter all of the required information. Once you have put all of your finance information into the program, you will be able to see your savings and enjoy the ability to count on professional presentation and reliable customer service if you need help at any point.

Turbo Tax Program

TurboTax 2012

If you are looking for information on turbotax 2012, maybe this will help you. Turbo tax is a company that specializes in filing taxes. You can file your 2012 tax with them relatively easy.

The company asks you questions and then puts those answers on the right tax forms. Their products include the EasyGuide feature which gives you step by step instructions through your taxes just like the GPS does. These steps are clear and easy to follow and will give you your maximum refund. The company can even speed up the refund you are going to get with their TurboTax refund card. You can have your refund deposited into a re-loadable prepaid VISA card without waiting for a check or using a bank account. You will get your refund in about 7 days when you e-file.

If you have questions or concerns while filing your taxes, the company can help you by answering those questions to the best of their ability. The company has a tax expert service that will help you at no cost to you. They can help you have peace of mind so that you no you are filing correctly and that you are getting all of the deductions that fit with your life. You can access the tax expert by going to TurboTax online or visit TurboTax Support and click on the contact us button to get the advice you need.

 

Turbo Tax Software

TurboTax Software 2012

The 2012 tax season continues for some that have not filed their returns. An individual cannot avoid playing taxes and needs to estimate a payment and supply that estimated amount to the IRS by the deadline. Since no one can avoid playing their taxes, thy need to look for ways to lower the score the IRS achieves against them. The TurboTax software package for 2012 can help someone achieve a lower tax liability.

The software from TurboTax Intuit helps a taxpayer organize his/her information in a way that makes sense. It cannot help someone who has not entered the information into the computer yet, but there are devices that can help with this type of organization as well. Scanners with the right software (OCR) can help someone scan the receipts and arrange them in a fashion that makes sense. Once he/she has everything ready to complete their yearly taxes, they can plug the numbers into the TurboTax software.

Although many individuals filed their taxes months ago, not everyone makes the deadline. If the tax payer files an extension, he buys himself extra time to file the actual return. The extensions do not last indefinitely. Someone needs to get a return filed by the final deadline date to avoid additional penalties. It may not help him avoid an audit later, but it can greatly reduce his chances according to several studies.

Anyone who has used TurboTax software knows exactly what to expect from it. The programmers know how to make it as easy as possible for the consumer. They have nearly three decades of experience in making sure that their program conforms to the complicated tax codes of the United States.

A Look At Free Tax Filing Opportunities

Free 2012 Tax Filing

There is not much that people can get for free these days. Hardly anyone would think of ‘free’ and ‘taxes’ in the same sentence either. Still, it turns out there are free 2012 tax filing opportunities.

This is an ongoing trend: offering free tax filing software to consumers so they reduce their paper consumption, simplify the process, and locate potential tax rebates. The software is offered by the IRS, whose website indicates that almost anyone is eligible to use their free programs. Only one criterion prevents certain consumers: their computers must be secure enough to engage in this form of filing.

Those consumers who do not have access to a computer could look out for locations which offer free use of tax filing computers. Many have been sponsored by the IRS, and there could be help available to less computer literate individuals at these sites as well.

Otherwise, a person earning something just below the taxable threshold or a major investor are both eligible to use the system. More software is available for free if a person earns less than a certain amount yearly. Apart from the IRS, a number of other institutions also offer free 2012 tax filing. One advantage is that consumers get their returns in on time. Offering computer software is one way to encourage prompt returns.

If your returns are complicated, it might be that you still need to hire someone. Then again, someone who is experienced in filing taxes will find the process is even simpler online.

Tax Season Is Upon Us Once Again

There is only one week left before the tax season comes to an end for 2012.

Every year at this time, people tend to ask the same types of questions. Let us examine some of the more common issues that people wonder about at this time of year.

Most people are very concerned about whether or not they will get a tax refund. Even though you know the refund is your own money, you tend to be happy when you get a refund and you are likely to feel upset if you have to write a check to the government.

Last year, Americans received $318 billion dollars of tax refunds from the IRS. This year, the number may be even larger. Last year, the average refund that was received was close to three thousand dollars. Getting a tax refund like that can be very exciting, especially if you have been a bit short of money recently.

What do many tax payers do with their annual tax refunds? Nearly one third of people spend the entire amount. About fifty percent of people receiving a refund put it in the bank or use it to pay off some of their debts.

There are some people who like to pay their taxes when  they submit submit their tax return at the end of the tax season. They do not want the government to receive their money any sooner than necessary.

If you prefer getting a refund of your taxes when the tax season has ended, you can ask to have the amount of taxes you pay to be increased throughout the year.

Slightly more than one percent of the tax returns that are submitted in the tax season will be audited.

Higher Cigarette Tax Keeps Teens From Smoking

It has been shown that increasing the cigarette tax is a very effective way to get young adults and youths to reduce or stop smoking. The Centers for Disease Control and Prevention reports that increasing the cigarette tax is less common with states at the present time compared to the past.

In 2009, 15 states increased the tax on cigarettes, but in 2010 and 2011, the number of states doing the same was only eight. The state of New Hampshire actually lowered the excise tax. The CDC has found that when excise taxes are increased on cigarettes, the overall sales of cigarettes declines and fewer teens start the smoking habit. Just recently the Surgeon General surprisingly discovered that 20% of teenagers smoke. The rate of smoking among teens is declining, but the decline is slowing at the present time. For this reason, it is puzzling that state taxes on cigarettes are being kept low.

Why have states changed direction on this issue? In the 1990s and the first part of the 2000s, states increased the cigarette tax while also increasing funding for comprehensive programs against smoking. Now they are doing the opposite.

The poor economic conditions may be partly responsible for the states shying away from increasing the cigarette tax at this time. Dr. Tim McAfee, of the CDC’s Office on Smoking and Health, disagrees. “These programs work to reduce smoking and the states will benefit from making the investment. From the economic perspective, you have to wonder why the states do not wish to reap the full benefit of the cigarette tax,” he said.

Ohio Governor Leading With Drilling Taxes

Ohio Governor John Kasich, a republican, is proposing changes to how the state regulate and taxes the oil and natural-gas drilling industry. He is seeking a balance between regulations that protect the environment without stifling investments and new jobs. To campaign this move, he states this as a goal of “leading the nation with a comprehensive energy strategy.”

Ohio is among some of the states that are balancing with the costs verses benefits of hydraulic fracturing. This procedure, also known as fracking, aids the drilling process by injecting water, sand, and chemicals underground at high pressure. There is much contention between environmental groups and the industry as to the safety of this method.

Kasich’s plans include “cradle to grave” disclosure of fracking wells. This would give transparence to the types of chemical, volumes, and concentration utilized during the entire lifetime of the well. In addition, standards would be updated on well construction, new regulations for natural-gas gathering lines, and finally higher tax rates for the drillers.

Drillers would pay a severance tax as high as 4 percent having an anticipated projected generation $1 billion by 2016 aiding in the reduction of income taxes paid by individuals and small businesses. Oil and gas companies face an upfront fee of $25,000 per well to local governments to offset  impacts from drilling, and then get the money back over time, according to the governor’s office.

Legislative approval is still required for about half of this plan, to include Governor Kasich, Ohio Taxes proposal. The goal is have approval come as quickly as possible so that the rest can be completed through administrative rules, allowing all new regulations to be in place before year-end.