The Government Shutdown Will Delay The Start Of The January Tax Season

Delay The Start Of The January Tax Season

The government shutdown will have an effect on the tax season in 2014. There could be a one to two week delay on filling your 2013 tax return forms as a direct result of the government shut down in 2013.

The IRS lost sixteen days of work during the shutdown which came at a time when the IRS is typically very busy preparing for the upcoming rush of the tax season in January. Loosing nearly three weeks of work in the fall, is very difficult to make up before January.

Day 093/365 - Tax Time Phat Cash!
Day 093/365 – Tax Time Phat Cash! (Photo credit: Great Beyond)

They will not accept or process any returns, online or in paper, until January 28 to February 4th. This falls at least one week later than the typical yearly start of January 21. You can send in your paper 2013 tax return forms early but they will not look at them until opening day, and you can not file an online form at all until the date they open for the season.

The IRS is doing everything they can to make the delay shorter but the new bill has changed many forms and these changes take time.

You can still prepare your tax return from your end as you always have, as long as you have current software as there are many updates that come with the new bill. You can also prepare with an adviser in advance so you will be prepared on the first day the IRS will take the 2013 tax forms.

It should also be noted though, that the filing deadline for tax payer remains the same, April 15. So there is a shorter season all around.

Some Useful Tax Software Programs to File your Taxes Easily and Quickly

Some Useful Tax Software Programs to File your Taxes Easily and Quickly

If you want to file an income tax return and are wondering how to do your own taxes online then you can opt for e-tax filing which is a simple and easy way to file your taxes. With the convenience and comfort of your home, you can file IRS tax forms. Online tax preparation services bring ease and convenience to the people. Users do not need any prior experience of filing returns and they can complete income tax returns easily and quickly with the help of a tax software program.

Day 093/365 - Tax Time Phat Cash!
Day 093/365 – Tax Time Phat Cash! (Photo credit: Great Beyond)

Turbo Tax:
It is one of the most preferred e-tax filing software programs which is recommended for newbies, small business owners, heavy investors and multi-income filers. If you are a newbie and do not know how to do your taxes online then this software will be best suited for you. Here are some features of Turbo Tax software.

Clean and intuitive interface.
Logical flow of processes.
Easy to comprehend learning resources for the beginners.
Offers high-level of autonomy.
Audit risk meter
Latest military edition for Army officials

H And R Block:
It is an elite piece of software to file your taxes online. It has logical workflows and that will simplify the process of tax filing. The software is recommended for heavy investors and newbies. Here are its features.

Section overviews containing useful information.
Several pages having embedded links.
Bookmarking system is well integrated.
In-person and round the clock support.
Latest print returns features.
Useful form finding tool.

TaxACT:
This e-filing software is recommended for college students, deal seekers and DIY filers. Following are some of the important features of TaxACT:

Import tax from the previous year feature.
Lowest price.
Stock assistance tools for entering stock information manually.
Best quality and comprehensive learning resources.
Mini-alerts.

TaxSlayer:
It is a well designed and one among the best e-filing tax software. Given below are its important features.

Life events guide.
Previous year comparison.
Gives you choice to handle processes on the major sections like income tax deductions.
Movement between sections for convenience of the users.

So, stop running from pillar to post when you need to file your taxes and stop wondering how to do your own taxes online as you can easily do it with the help of several user-friendly e-filing software. By using this software you can file your tax returns quickly and easily even if you are a newbie and filing your tax for the first time.

Filing Your Taxes At-Home – It’s Easier Than You Think

Filing Your Taxes At-Home – It’s Easier Than You Think

Most customers aren’t aware of just how easy it is to learn how to do your own taxes online. Whether you are employed and have received your tax information or are self employed and have tracked your income and business expenses, you can be easily guided through the entire process of completing your taxes with programs like Turbotax 2013 and be done in less than an hour.

information hydrant
information hydrant (Photo credit: Will Lion)

What kind of information are you going to need to start?

First, you’re going to fill in your identifying information including your name and address and determine whether you are filing for taxes on a single or joint application. Using the information from the income for the previous year, you are prompted to fill in the information through a series of questions. The answers to the questions are imported to the tax form, making it simple for anyone to do their taxes at-home, without having accounting experience.

It’s unlikely that errors are going to be made through the forms, as you’re prompted to answer questions and the system is designed to pick up common errors that are made. In most cases, the information must be correct or in the correct order to go forward with the income tax return.

Once the questions are completed, the report will be generated and you have the option to print the tax forms at-home or file the forms electronically.

Filing your taxes at-home is simple to do and can save you hundreds of dollars every single year.

Tax Carnival Ecstasy – May 9, 2013

Online Investing?
Online Investing? (Photo credit: Monkey Mash Button)

Welcome to the May 9, 2013 edition of Tax Carnival Ecstasy. We begin with a post from James Powell on credit and benefit changes for 2013 that is quite interesting. Bill Smith looks at how TurboTax has changed in the current year. And finally John Schmoll has a number of online brokers that he likes to use. Hope you enjoy all the articles, bookmark, share on your social sites, and come back real soon for more tax topics.

credits

James Powell presents Tax Credits and Benefits Changes 2013 – How They Will Affect You : Tax Credits posted at Tax Credits, saying, “This post will look at how the changes in tax credits will affect you in 2013.”

filing

Bill Smith presents Innovations For Turbo Tax 2013 posted at 2013 Taxes, saying, “Professional accounting can help business owners save time and resources, and the Turbo Tax 2013 CPA Select edition by Intuit may be the ideal solution for tax filing season.”

retirement

Jebelle presents LIFE is what you make it: HEALTH is WEALTH posted at LIFE is what you make it, saying, “earn even retired”

John Schmoll presents Online Brokerages I Use: OptionsHouse Review posted at Frugal Rules, saying, “There are many online brokerages to use as you look to invest in the stock market. The good ones are there to meet your needs and help make sure you’re doing what you can to be investing for things like retirement.”

tax law

Bill Smith presents Senate Bill On Internet Taxes Passes First Hurdle posted at FastSwings, saying, “Recently, the United States Senate passed a bill concerning Internet tax collection.”

taxes

Bill Smith presents Estimate Your Tax Refund With The Free TurboTax Taxcaster posted at 2013 Taxes, saying, “Tax time is drawing near and like most other Americans, you need to file and prepare your taxes to avoid penalties and late fees from the Internal Revenue Service.”

tips

Bill Smith presents The Benefits Of TurboTax 2013 posted at 2013 Taxes, saying, “When you are planning to file your income tax return, you want simplicity, accuracy, and options. You will have these benefits and more with TurboTax 2013.”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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TurboTax Continues To Grow In Popularity

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.

TurboTax: Why ask if you already know?
TurboTax: Why ask if you already know? (Photo credit: stevegarfield)

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 step-by-step guide. More confident tax filers can go through each section at their leisure. Plus, Intuit offers free tax advice from knowledgeable professionals with each product. Tax audit assistance is available at a low fee, too. Undoubtedly, very few tax products offer such useful and affordable features.

Free TurboTax 2013 stands as Intuit’s most popular tax preparation software. With this particular product, taxpayers can file simple income returns without paying a penny. The free version of TurboTax comes with the same great features as other variations. Luckily, most taxpayers can utilize this option without needing to pay for another. Most people file simple returns each year, and they are the most common type by far.

For more complicated returns, various versions of TurboTax are available. This includes Deluxe, Small Business, and a handful of other products. Each one suits the needs of a different type of taxpayer. These products range in price from $19.99 to $89.99 under normal circumstances. With that in mind, thousands of people purchase these software. They come with a few added benefits in comparison to free TurboTax 2013.

In the end, TurboTax will likely see its sales increase year-over-year in 2014, too. Intuit provides a very necessary product that outshines most of the competition. For that reason, the company sells millions of units each year. This holds true even with the existence of the free version, which doesn’t suit everyone’s needs. TurboTax won’t slow down any time soon because most Americans file their taxes through preparation software rather than doing them themselves.

An Overview Of The Turbo Tax Military Edition

Turbo Tax Military Edition

Preparing and filing your taxes on time and to your best advantage may be difficult at any point in your life, but being in the military may pose additional challenges. Serving your country should not serve as a financial penalty when it comes to tax season, and Turbotax has taken action by offering unique software options for servicemen and officers. Turbotax can help you file taxes for free whether you are on active duty, in the reserves, or stationed far away from your home state. The free Turbotax Military Edition may be the best support for military personnel at tax time.

Mexican military personnel inside a tanker
Mexican military personnel inside a tanker (Photo credit: Wikipedia)

Enlisted personnel at a junior rank of E-1 to E-5 may utilize the military edition of Turbotax for free, and officers and those with a rank of E-6 to E-10 may take advantage of this software for a nominal cost. The free download may be completed in several ways, and the software will guide you through a comprehensive list of tax provisions that are specific to military personnel. Tax questions regarding deductions for uniforms, basic pay, combat pay, and how to handle a permanent change of station are thoughtfully addressed with this software, and you can have the tax answers that you need long before the filing deadline occurs.

Turbotax offers easy access to the latest and most advantageous tax information for anyone who needs to file taxes, and the Turbotax Military Edition is in keeping with this vision. Online filing may be your most realistic option depending on your location, but the experts at Turbotax have ensured that filing online will be to your best advantage however and wherever you may be serving your country. Turbotax experts include veterans, military spouses, and others who are versed in the unique tax needs of military personnel. The Turbotax live chat community lets you ask questions and get answers in real time, and Turbotax technical support is available to help you every step of the way.

Working with a veteran or military spouse may cut through the maze that can characterize tax preparation and filing, and you will get timely and accurate information. Questions about filing in multiple states, relocation, basic allowances for housing, and basic allowances for subsistence will be answered thoroughly, and your prepared taxes will be audited automatically. This helpful review will ensure that potential problems are addressed before your taxes are filed, and you may file taxes for free in many instances. Turbotax makes preparing and filing your federal and state tax returns as easy as possible wherever your military service may take you.