Tag Archives: turbo tax

Watch Out For Tax Scams

Twelve tax scams to watch out for.

Be wary of anyone sending you an email claiming to be from TurboTax or the IRS. These people could be identity thieves and not who they say they are. Never reply to an anonymous email that wants to know your personal information.

Instead of replying to an email always call the organization that you are dealing with yourself. Do not go to any links that are in the email because they could be sending you to an unsafe website. Keep reading to learn the twelve most popular tax scams out there. Remember … Read more at 2011 Taxes.

Using Turbo Tax To Avoid A Tax Audit

Turbo tax is a popular software package for filing income taxes accurately in order to avoid a potentially costly IRS audit. Audit letters arriving in the mail can be a significant source of anxiety and stress. Some of these notices are only to call the recipients’ attention to oversights such as a missed signature or a math mistake. More serious IRS letters address discrepancies in reported income or deductions.

In addition to a quality tax preparation software package, tax filers are also advised to gather their needed paperwork ahead of time and to keep a few important numbers in … Read more at 2011 Taxes.

Pay Your Taxes On Unemployment Insurance Benefits

When filing your 2012 taxes, make sure you pay taxes on your unemployment insurance benefits.

While the rate of unemployment may be reducing, there are still millions of people who are unemployed. Sadly, these individuals also have to pay taxes on their unemployment insurance benefits.

If you are unemployed and you collected unemployment insurance benefits last year, you must pay taxes on it. After calculating your tax incidence, you will be surprised at the amount of tax you owe the government, unless you requested the federal government to withhold taxes.

The VP of TurboTax, Bob Meighan says that people … Read more at 2011 Taxes.

When Is The Achievement Of Debt Relief Impossible To Happen?

Even if there are several means present nowadays to help you achieve debt relief, there are still certain instances in which it is just impossible to happen. Yes, you’ve heard it right. Though debt relief does not necessarily mean totally blowing away your debts but rather reduce it to a tolerable amount, still such state is impossible to happen in certain instances. Why? Read on to know more about the answers.

First of all, your attitude towards managing your debts adversely affects the result. If you are optimistic enough that your debt related problems will soon be gone, it … Read more at 2011 Taxes.

The Necessity of Debt Consolidation

When you are in serious debt, you cannot avoid getting annoying phone calls and embarrassing confrontations with debtors visiting your home. A number of people prefer to avoid such situations, but they are confused on what to do about it. There are times, when paying off your loan is not really the problem. The real problem is that you do not know how to go about it.

A secured debt consolidation is the answer to individuals who lack the kind of organization needed to properly pay off loans from numerous sources. Proper management of income and payment is needed for … Read more at 2011 Taxes.

Do High Yield Safe Investments Exist In Investing

High yield safe investments are what every investor is looking for.  However, finding them is not always easy.

If safe high yield investments were plentiful then they would not be considered high yield.  If everyone had the same opportunity to invest then returns would be average.

When you think of a safe investment most of the time you think about CDs and bonds issued by the government.  The only problem is they only net you anywhere from 2-3% on your money.  One investment to consider is fixed annuities.  They are offered by many finance firms.  They do not get you … Read more at 2011 Taxes.