Tag Archives: Intuit

Use Turbo Tax Software To Find Deductions And Credits

Tax time can be a very anxious time as people begin to wonder whether they will strike it rich or end up paying out big time. The good news is that using modern software programs like Turbo Tax 2015 can not only make preparation easier, it can mean less stress next year.

TurboTax

If you have not already purchased a copy of TurboTax 2015, you may be surprised to find out that there are multiple versions of the software meant for different financial situations. To start, read the descriptions on the boxes on from the Turbo Tax 2015 website. If you own a home, have significant investments, or are self-employed, the company has different offerings for each situation.

The next step is to gather documents that you will need to get taxes ready. If you don’t already save receipts, now is the time to start. If you have medical expenses, donate money or items to charity, have a child in daycare, or have purchased an energy efficient appliance this year, you will want to have receipts handy as these can all decrease your 2015 tax burden.

Finally, spend a few minutes checking any documents that show your income (like W-2s from your work) as well as statements from banks, student loans, or anyone else who may have information about your taxes. Make sure the documents are correct, as mistakes could be costly when you begin preparing your taxes.

Not only does Turbo Tax 2015 take the stress out of preparing your taxes, it can save you big by finding deductions and credits that you may not have known about. But to get the most from your Turbo Tax 2015 software, you need to give it as much information as you can.

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TurboTax And Beating The Competition

If you have not heard of Turbo Tax, you need to find a way to learn about it as soon as possible. The reason for this is that you never have to worry about paying immense fees to a company for doing only a few minutes of work. You will be able to see exactly how much you owe, how much you are getting back, and the amount you can expect to pay for Turbo Tax.

The problem with going to a tax preparation professional is that you are going to pay a huge deal of money for something that you can easily do yourself. They also never tell you how much you will owe them until afterwards as they change the amount based on the type of work they do.

US Navy 100209-N-6999H-001 Machinist’s Mate 3rd Class Austin Taylor, right, a volunteer income tax assistance member, assists Utilitiesman 1st Class Doak Walker, assigned to Naval Weapons Station Charleston, in preparing his 20 (Photo credit: Wikipedia)

Why choose TurboTax free? For starters, you will never have to worry about paying a person to do them, will be able to learn about how your money works for you, and do it from the comfort of your own home. Turbo Tax also offers you the ability to upgrade if you have more complicated matters to tend to, such as owning a business or a home. However, the free version will usually be fine for anybody needing to do their taxes. This is why Turbo Tax is an innovator in the tax industry, and why they are still going strong.

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Intuit Offering Personalized Answers To Questions About The Affordable Care Act

Intuit Offering Personalized Answers To Questions

To provide assistance to the estimated 50,000,000 uninsured US citizens facing crucial healthcare decisions, Intuit Inc recently launched their TurboTax 2012 AnswerXchange. This is a unique social community that gives people customized, objective answers to their questions about Obamacare (i.e. the Affordable Care Act). This community is designed for people with no insurance, who want to know about the kind of healthcare cover available, and the cost of the Obamacare insurance exchanges.

Obamacare Protest at Supreme Court

Obamacare Protest at Supreme Court (Photo credit: southerntabitha)

Now, millions of people can use the TurboTax AnswerXchange, which is an impartial resource committed to helping citizens make informed decisions about their health insurance. The free to use website is www.turbotaxanswerxchange.com. It assesses the personal details submitted by site visitors and uses this, alongside the experience and knowledge of a web community, to answer the questions of millions of Americans. The answers can be customized to each user’s income, family, health requirements and location.

In contrast to other question and answer websites, the TurboTax AnswerXchange delivers bespoke responses to the countless questions Americans have about Obamacare. In light of the continued uncertainty and confusion about healthcare reform, the demand for personalized answers has hit an all time high. A recent NBC News/Wall Street Journal poll reports that seventy-six percent of respondents, with no insurance, did not understand the reforms and how they would be affected.

Healthcare decisions are personal by nature. Hence, TurboTax AnswerXchange has emerged as a first of its’ kind solution that delivers exactly what people require: Straightforward, doable answers tailored to their specific circumstances.

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Legislation Delays Cause TurboTax To Prepare For Short Tax Season

TurboTax 2012

Intuit Inc., which is the maker of the tax software TurboTax 2012, is getting ready for the tax season to begin late in 2012.

With the changes that are occurring in tax laws it is possible that the filing deadlines may be pushed to later in the year. This could cost the company a delay in revenue  of $50 million to $75 million. This could translate into a 10 cent to 15 cent loss in their per share earnings in the companies second quarter of the fiscal year. This was the warning that the company had  announced over the last week.

The company expects to make up the loses in later quarters and is readying themselves by staying in contact with federal tax authorities. They want to stay on top of the changes and develop software that covers all of the possible scenarios. They hope to be ready for whatever congress decides.

English: President Barack Obama leans back in ...

English: President Barack Obama leans back in his chair as he listens to the discussion at a Long-Term Fiscal meeting in the Roosevelt Room of the White House, May 29, 2009. (Official White House Photo by Pete Souza) (Photo credit: Wikipedia)

With a mix of large tax increases, along with the across-the-board spending cuts, which will begin in January if there is no intervention from lawmakers,  it is creating a fiscal cliff. There is still no word on whether President Obama and the Republicans leaders are going to be able to bury the hatchet and come up with a resolution and get together on a new tax code, even if it is a temporary one just for this year.

Approximately 1/6 of all the tax returns last year were filed with the assistance of TurboTax 202. This year they are better equipped to face the challenges. With the use of social media, and on and offline commercials they have led people to the understanding of what TurboTax 2012 can do for them.

With the new tools that Intuit has installed, they will be able to help users keep up with the changes and file on time and accurately.

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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.

 

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My Taxes Need To Be Done!

Nothing strikes a note of fear into the heart of the average person more than taxes. I learned this from doing taxes for several years in a CPA office. I saw clients come in with several years of unfiled returns. They were totally unable to confront getting the taxes filed. The really sad fact is that most of them lost the refunds they would have gotten by filing on time because the IRS doesn’t refund if the return is over 3 years late.

But that fear is now largely unfounded. Everyone has heard horror stories of past strong-arm tactics by the IRS that were frightening. Those days are over.

Be Honest

In the last ten to fifteen years, the IRS has undertaken reforming themselves and rehabilitating their image. The only way the IRS can take legal action against you is if you intentionally try to defraud the government. Intentionally is the key word. The tax system for individuals is still voluntary as regards filing. If you don’t file a tax return, eventually the IRS will file it for you. They will not take advantage of any of the tax credits or possible deductions outside of the standard deduction. But there really is no need to fear.

Seek Help

Tax software has brought accurate, reliable tax preparation to the individual. You can do it yourself with free tax software. It isn’t foolproof but not for want of trying by Intuit. The IRS tax code and its several thousand pages gives a whole new meaning to the word complex. I have the utmost respect for the programmers who write tax software.

Filing your own federal and state tax returns has become simple. If you only have W-2 income, it probably won’t take more than 30 minutes start to finish. The software takes you down the road of filing without having to even look at a tax form until the end of the process. If you operate a small business as a sole proprietor (not incorporated), the software will help you gather everything you need to classify expenses and deductions and get them entered properly. You can even file your 1040EZ tax return on a PDA or smartphone.

So the fear factor is gone. Even if you file your taxes and later realize there was another deduction that you could have taken, TurboTax will walk you through filing an amended return to get those deductions and/or credits you are entitled to.

So take a deep breath, and get to it. Relax……………………

Dwight Mabe is a freelance writer and financial advisor based out of Greensboro, NC.

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