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Taxes 2014: What You Should Know To File

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The tax filing season starts at the end of Jan. The IRS said that people can start filing their taxes 2014 returns on January 20.

Despite a last minute tax law that was passed by Congress, the tax-filing season will still start on schedule, according to the IRS.

Congress passed a bill that extended more than 50 tax breaks, which were due to expire next year. Under the new law, the breaks will not expire anytime soon, which allows taxpayers to claim them when they go and file their taxes. The law was signed by the president on December 19.… Read more at 2011 Taxes.

TurboTax Continues To Grow In Popularity

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TurboTax Continues To Grow In Popularity

Millions of people utilize TurboTax in order to file their income taxes annually. In fact, Intuit recently reported that sales for its products have increased since last year. Motley Fool pegs that increase around 30%, which is an incredible figure. Without a doubt, more and more taxpayers will continue to use this software in the coming years. This includes free TurboTax 2013 and its paid variants that are available today.

Currently, TurboTax is so popular because it offers incredible features at an affordable price. Individuals unfamiliar with the tax system can follow the software’s … Read more at 2011 Taxes.

Important News On The Tax Deadline

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The 2012 tax deadline has been extended until April 17.

The IRS has kicked off the 2012 tax filing season by revealing that taxpayers can now file their taxes up until April 17.  The Internal Revenue Service is recommending that taxpayers e-file their returns in order to ensure accuracy and to receive  refunds more rapidly.

It has additionally been announced by the IRS that new information and navigation features have been made available on IRS.gov.  They have also revealed the addition of a pilot that allows taxpayers to receive assistance with their tax issues through the use of interactive video.… Read more at 2011 Taxes.

Why Everyone Should Use IRS Efile

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E-filing the fastest way and easiest way to submit a tax return. Everyone is doing it. 99 million people in 2010 transmitted their tax returns electronically to the Internal Revenue Service. These 70% of the taxpayers know everyone should use this fast, easy service.

Starting in 2011 both the people who pay taxes and those who prepare taxes will see an important change. As of January 1, 2011 people who are paid to process 1040s must be qualified to submit these returns by e-file. Volunteers are exempt. Anyone requiring more information can find it at the IRS website.

Taxpayers … Read more at 2011 Taxes.