Form 940 is a form that must be filed by every small business owner who has employees. For those who are required to file this form, failure to do so will result in an IRS reminder to submit the form, and subsequently, penalties that they really want to avoid. In order to file Form 940 successfully, you need to have at least some basic understanding of the filing requirements that are related to the form.
The IRS requires every employer to pay federal unemployment tax. This tax cannot be paid by employees, and it cannot be withheld from employee wages. It is used for paying unemployment compensation to people who lost their jobs. When you file Form 940, you are actually reporting your federal unemployment tax liability to the IRS. The filing of this form is made compulsory by the Federal Unemployment Tax Act, or FUTA. The amount of tax that must be paid to each employee every year is 0.8% of the first $7,000 paid in wages. If an employee is getting a compensation of $7,000 or more a year, the employer is required to pay a federal unemployment tax of $56.00. If the employee makes less than $7,000, the federal unemployment tax will be 0.8% of the total compensation he or she receives.
If you own a small business and you have employees, you have to file Form 940 at the end of the year. The deadline for filing is the 31st of January the following year. The form will include information such as the total amount of wages paid, wages that are subject to federal unemployment tax, the federal unemployment tax liability for each quarter, all federal unemployment tax paid in previous quarters, and the remaining balance due.
In the event that your quarterly federal unemployment tax liability is more than $500.00, the IRS will require you to make quarterly payment. If your liability in one quarter does not exceed $500.00, you do not have to pay tax for that quarter, and the liability will be carried over to the following quarter. For instance, if the total federal unemployment tax liability that is incurred in the first quarter is $400.00, you are not required to make any payment. Then, in the second quarter, you have a liability of $300.00. Since the total amount of tax owed for the two quarters is $700.00, which is more than $500.00, you have to pay the full $700.00. If you only have a liability of $400.00 in the third quarter, the amount will be carried forward to the next quarter. In the final quarter, you have to pay the liability incurred in that quarter as well as other remaining liability, even if the total amount is less than $500.00.
If you are required to make a quarterly payment to the IRS, you can either submit Form 8109 at a local financial institution or pay via the Electronic Federal Tax Payment System, or EFTPS. The deadline for a quarterly payment is the end of the first month of the next quarter.
Wednesday, September 28, 2011
Federal Tax Forms
Before you start to prepare your taxes, you have to know which federal tax form to fill. The IRS has about 30 different tax forms for different types of taxpayers, and you have to use the one that is most appropriate for your tax situation. Tax forms may be updated from time to time, and it is essential that you obtain the latest forms when you are filing your tax returns. Here are some of the most commonly used federal tax forms:
1040 Series
Forms in the 1040 Series are used for filing personal federal income tax returns, and they consist of Form 1040 as well as other variants, including Form 1040A, Form 1040EZ, Form 1040NR, Form 1040NR-EZ, and Form 1040X. Form 1040 is also called the “long form”, and it can be used by any full-time income individual taxpayer in the United States. If you have an uncomplicated tax situation, without itemized deductions or capital gain or loss, you can make your tax preparation process easier by using tax Form 1040A or Federal Tax Form 1040EZ, which are also known as the “short form” and the “easy form” respectively. Form 1040NR and its simpler version, Form 1040NR-EZ, are meant for nonresident aliens who are earning income in the US. If you have made errors in any Form 1040, Form 1040A, or Form 1040EZ that you had submitted, you can rectify the errors by completing Form 1040X.
If you are in a business partnership, you should use Form 1065 to file your tax returns.
Form 1098 is also known as the “mortgage interest statement”, and it is used for reporting interest that you have paid on your mortgage. You are entitled to claim deduction for this kind of interest at the federal level, provided that you are not subject to alternative minimum tax.
1099 Series
The 1099 series of tax forms include Federal Tax Form 1099, as well as more than 20 variants. If you have earned other types of income besides salaries, wages, and tips, you have to report such earnings using one of the forms in the 1099 series. The variants of Form 1099 are used for reporting specific types of income, which can range from dividends to income from real estate transactions.
W Series
There are four different types of forms in the W Series, and they include Form W-2, Form W-4, Form W-8BEN, and Form W-9. Form W-2 is also referred to as the “wage and tax statement”, and its purpose is to facilitate the reporting of wages paid to employees as well as the taxes that are withheld from them. On the other hand, Form W-4 is a form that employers use to determine the right amount of withholding to deduct from their employees’ wages. If you are a foreigner, you have to use Form W-8BEN to certify that you are a non-resident alien, so that you can avoid or reduce withholding from income earned in the US. Form W-9 is used by a third-party to report payments made to others and help those who receive the payments to avoid backup withholding.
1040 Series
Forms in the 1040 Series are used for filing personal federal income tax returns, and they consist of Form 1040 as well as other variants, including Form 1040A, Form 1040EZ, Form 1040NR, Form 1040NR-EZ, and Form 1040X. Form 1040 is also called the “long form”, and it can be used by any full-time income individual taxpayer in the United States. If you have an uncomplicated tax situation, without itemized deductions or capital gain or loss, you can make your tax preparation process easier by using tax Form 1040A or Federal Tax Form 1040EZ, which are also known as the “short form” and the “easy form” respectively. Form 1040NR and its simpler version, Form 1040NR-EZ, are meant for nonresident aliens who are earning income in the US. If you have made errors in any Form 1040, Form 1040A, or Form 1040EZ that you had submitted, you can rectify the errors by completing Form 1040X.
If you are in a business partnership, you should use Form 1065 to file your tax returns.
Form 1098 is also known as the “mortgage interest statement”, and it is used for reporting interest that you have paid on your mortgage. You are entitled to claim deduction for this kind of interest at the federal level, provided that you are not subject to alternative minimum tax.
1099 Series
The 1099 series of tax forms include Federal Tax Form 1099, as well as more than 20 variants. If you have earned other types of income besides salaries, wages, and tips, you have to report such earnings using one of the forms in the 1099 series. The variants of Form 1099 are used for reporting specific types of income, which can range from dividends to income from real estate transactions.
W Series
There are four different types of forms in the W Series, and they include Form W-2, Form W-4, Form W-8BEN, and Form W-9. Form W-2 is also referred to as the “wage and tax statement”, and its purpose is to facilitate the reporting of wages paid to employees as well as the taxes that are withheld from them. On the other hand, Form W-4 is a form that employers use to determine the right amount of withholding to deduct from their employees’ wages. If you are a foreigner, you have to use Form W-8BEN to certify that you are a non-resident alien, so that you can avoid or reduce withholding from income earned in the US. Form W-9 is used by a third-party to report payments made to others and help those who receive the payments to avoid backup withholding.
Tuesday, September 27, 2011
1040ez Tax Form
The 1040ez is a tax form that is used by individuals to file federal income tax returns. It is often called the “easy form”, because it is the simplest among all the three tax forms that can be used for the same purpose. It is specially created for the simplest individual tax situations, and it is usually the form that Americans fill out when they pay tax for the first time. You can use the 1040ez form if you are single or you are filing jointly with your spouse, and you do not have any dependent. You also need to be less than 65 years old, and your taxable income must be below $100,000.
The 1040ez is a one-page form, and it consists of four short sections. The first section of the form requires you to enter your name, social security number, and address. Since you are not allowed to claim any dependent, you can proceed to the next section of the form after you have entered the basic information. In the next section, you have to provide information about your sources of income. The only kinds of income that can be listed in the 1040ez form are salaries, wages, tips, unemployment compensation, taxable interest amounting to $1, 500 or less, and Alaska permanent fund dividends. If you are receiving income from other sources, such as dividends or alimony, you are required to file your taxes using the 1040 tax form or 1040A tax form. After listing all the different types of income that you are earning, you have to add them up to come up with your taxable income.
The third section of the 1040ez form will ask for information about payments, credits, and tax. You are required to enter tax payments that have already been made through your employer’s withholding. If your employer has withheld federal tax from your paycheck, you can find the total amount withheld in your W-2 form. Next, you can list any making work pay credit and earned income credit that you are eligible for. There is a worksheet on the back of the form that you can use to figure out your making work pay credit. After listing all your tax payments and credits, you have to add them all up. Then, you have to calculate the total amount of tax owed on your taxable income. To do this, you can use the tax tables that are provided in the instructions to determine the amount of tax you need to pay based on your taxable income and filing status.
In the fourth section of the 1040ez tax form, you have to calculate the amount due or refund. If your tax payments and credits add up to an amount that is greater than the tax that you have calculated, it means that you have overpaid. In this case, you are allowed to request for a refund. You can have the refund deposited directly to your bank account by entering your bank information. If you have underpaid, you have to include payment for the remaining amount in your tax return.
The 1040ez is a one-page form, and it consists of four short sections. The first section of the form requires you to enter your name, social security number, and address. Since you are not allowed to claim any dependent, you can proceed to the next section of the form after you have entered the basic information. In the next section, you have to provide information about your sources of income. The only kinds of income that can be listed in the 1040ez form are salaries, wages, tips, unemployment compensation, taxable interest amounting to $1, 500 or less, and Alaska permanent fund dividends. If you are receiving income from other sources, such as dividends or alimony, you are required to file your taxes using the 1040 tax form or 1040A tax form. After listing all the different types of income that you are earning, you have to add them up to come up with your taxable income.
The third section of the 1040ez form will ask for information about payments, credits, and tax. You are required to enter tax payments that have already been made through your employer’s withholding. If your employer has withheld federal tax from your paycheck, you can find the total amount withheld in your W-2 form. Next, you can list any making work pay credit and earned income credit that you are eligible for. There is a worksheet on the back of the form that you can use to figure out your making work pay credit. After listing all your tax payments and credits, you have to add them all up. Then, you have to calculate the total amount of tax owed on your taxable income. To do this, you can use the tax tables that are provided in the instructions to determine the amount of tax you need to pay based on your taxable income and filing status.
In the fourth section of the 1040ez tax form, you have to calculate the amount due or refund. If your tax payments and credits add up to an amount that is greater than the tax that you have calculated, it means that you have overpaid. In this case, you are allowed to request for a refund. You can have the refund deposited directly to your bank account by entering your bank information. If you have underpaid, you have to include payment for the remaining amount in your tax return.
Thursday, September 22, 2011
Tax Refund Estimator
If you are expecting a tax refund, you will probably want to find out how much refund you can get as soon as possible. Instead of having to wait until the end of the entire tax preparation process to know the amount of tax refund that you will be receiving, you can get a quick estimate by using a 2011 tax refund estimator. A tax refund estimator is an online tool that can perform an accurate calculation of your tax refund, and it can help you save a lot of time and effort when you are preparing your taxes.
Most of the 2011 tax refund estimators that are available on the Internet are free. They are developed by the most trusted developers of tax preparation software, such as TurboTax, TaxBrain, H&R Block, eFile, and others, and they can provide very fast and reliable results. They are capable of giving you an accurate estimation of your tax refund in just a few minutes. 2011 tax refund estimators use the simplest language to ask questions, so that you will know exactly what kind of information to provide. Also, they are constantly updated to provide the most accurate calculations according to the latest tax laws.
The tax refund estimator that is offered by TurboTax is called the TaxCaster 2011. This free tax estimation tool comes with some of the basic features that are found in TurboTax’s most successful tax preparation programs. It presents questions in plain and simple English to minimize confusion, and it has very clear instructions to help you calculate your tax refund accurately. It begins with the “personal information” section, which requires you to provide information about your age and marital status. In the next section, you will be asked questions about your income, which can be your wages, salary, or business profits. Information about deductions, credits, and payments has to be entered in the third and final section. After you have entered all the required information, TaxCaster 2011 will come up with an estimated amount of your tax refund. This tool is very easy to use, and it has attractive icons to make the entire process of calculating your tax refund more relaxing and enjoyable.
The 2011 TaxBrain Tax Refund Calculator is another tax refund estimation tool that can deliver very accurate results. It requires more information than most other free tax refund estimators, but it analyzes your tax situation more thoroughly. This ensures that the results you get will be more reliable. The 2011 TaxBrain Tax Refund Calculator requires you to answer questions in six different sections, and it provides additional information on most the questions to help you provide the correct information.
If you want to get an estimate of your tax refund in the shortest time possible, you should use the 2011 H&R Block Tax Calculator. This calculator can calculate your tax refund in just a minute or two, provided that you can answer all the questions quickly. If you need assistance to answer questions in any section, you can click on the “help” button for more information.
Most of the 2011 tax refund estimators that are available on the Internet are free. They are developed by the most trusted developers of tax preparation software, such as TurboTax, TaxBrain, H&R Block, eFile, and others, and they can provide very fast and reliable results. They are capable of giving you an accurate estimation of your tax refund in just a few minutes. 2011 tax refund estimators use the simplest language to ask questions, so that you will know exactly what kind of information to provide. Also, they are constantly updated to provide the most accurate calculations according to the latest tax laws.
The tax refund estimator that is offered by TurboTax is called the TaxCaster 2011. This free tax estimation tool comes with some of the basic features that are found in TurboTax’s most successful tax preparation programs. It presents questions in plain and simple English to minimize confusion, and it has very clear instructions to help you calculate your tax refund accurately. It begins with the “personal information” section, which requires you to provide information about your age and marital status. In the next section, you will be asked questions about your income, which can be your wages, salary, or business profits. Information about deductions, credits, and payments has to be entered in the third and final section. After you have entered all the required information, TaxCaster 2011 will come up with an estimated amount of your tax refund. This tool is very easy to use, and it has attractive icons to make the entire process of calculating your tax refund more relaxing and enjoyable.
The 2011 TaxBrain Tax Refund Calculator is another tax refund estimation tool that can deliver very accurate results. It requires more information than most other free tax refund estimators, but it analyzes your tax situation more thoroughly. This ensures that the results you get will be more reliable. The 2011 TaxBrain Tax Refund Calculator requires you to answer questions in six different sections, and it provides additional information on most the questions to help you provide the correct information.
If you want to get an estimate of your tax refund in the shortest time possible, you should use the 2011 H&R Block Tax Calculator. This calculator can calculate your tax refund in just a minute or two, provided that you can answer all the questions quickly. If you need assistance to answer questions in any section, you can click on the “help” button for more information.
Wednesday, August 24, 2011
TurboTax Premier 2012, 2013
TurboTax Premier 2012 is the best-selling tax preparation software in the world. It is specially designed to help you overcome all the difficulties that you may experience while filing tax returns, providing you a hassle-free, efficient, and rewarding tax preparation experience. This software is available in five different editions, which collectively meet a wide range of tax preparation needs. If you an investor or a real estate owner, it is recommended that you use the TurboTax Premier 2012 to file your tax returns.
The TurboTax Premier 2012 provides simple step-by-step instructions to help you perform all tax preparation tasks with the greatest ease and accuracy. Most importantly, it ensures that you will get the highest amounts of tax refunds possible. It offers appropriate tax preparation solutions for taxpayers who need to report sales of stocks, bonds, mutual funds, and other forms of investments, as well as those who are receiving income from rental properties. It is also a suitable option for people who have mortgages, itemized deductions, childcare expenses, medical expenses, or educational fees.
To provide a more straightforward and convenient tax preparation experience for you, the TurboTax Premier 2012 asks questions that are very to understand, and then it automatically enters the information you provide into the right tax forms. It also gathers information from employers and financial institutions, and fill in W-2 and 1099 forms automatically. Once you have entered certain information, you do not have to retype it the following year, because the software will use previously recorded information to fill forms.
To make sure that there are no errors in your tax return forms, the TurboTax Premier 2012 uses an advanced SmartCheck feature to scan for mistakes. It also comes with an accurate calculations guarantee. Additionally, it offers comprehensive tax preparation guidance through a wide range of tools, including live tax answers, EasyGuide to help you answer questions correctly, clear summary of tax returns, and free technical support.
There is a special tool in the TurboTax Premier 2012 that tracks your audit risk and offers tips for reducing the risk. The software can also maximize your tax deductions by asking simple questions and searching for all the different kinds of deductions that you are eligible for. Furthermore, it is able to calculate tax deductions for donations and medical expenses. With the federal e-file feature, the TurboTax Premier 2012 can help you get your tax refunds in as little as eight days.
The TurboTax Premier 2012 is equipped with several special features to enable you to get the most out of your investments and properties. It can help you save time by importing investment information directly from financial institutions. It also provides effective assistance in the reporting of investment sales, and it can calculate capital gains or losses with perfect accuracy. Additionally, the software provides excellent instructions to help you determine the correct price for stock sales. It also demonstrates how you can raise your 401(k) contribution without reducing your take-home pay. Other functions of the TurboTax Premier 2012 that can be beneficial to you include selecting the best depreciation method for tax deduction, maximizing refinancing deductions, and providing assistance for managing employee stock plans.
The TurboTax Premier 2012 provides simple step-by-step instructions to help you perform all tax preparation tasks with the greatest ease and accuracy. Most importantly, it ensures that you will get the highest amounts of tax refunds possible. It offers appropriate tax preparation solutions for taxpayers who need to report sales of stocks, bonds, mutual funds, and other forms of investments, as well as those who are receiving income from rental properties. It is also a suitable option for people who have mortgages, itemized deductions, childcare expenses, medical expenses, or educational fees.
To provide a more straightforward and convenient tax preparation experience for you, the TurboTax Premier 2012 asks questions that are very to understand, and then it automatically enters the information you provide into the right tax forms. It also gathers information from employers and financial institutions, and fill in W-2 and 1099 forms automatically. Once you have entered certain information, you do not have to retype it the following year, because the software will use previously recorded information to fill forms.
To make sure that there are no errors in your tax return forms, the TurboTax Premier 2012 uses an advanced SmartCheck feature to scan for mistakes. It also comes with an accurate calculations guarantee. Additionally, it offers comprehensive tax preparation guidance through a wide range of tools, including live tax answers, EasyGuide to help you answer questions correctly, clear summary of tax returns, and free technical support.
There is a special tool in the TurboTax Premier 2012 that tracks your audit risk and offers tips for reducing the risk. The software can also maximize your tax deductions by asking simple questions and searching for all the different kinds of deductions that you are eligible for. Furthermore, it is able to calculate tax deductions for donations and medical expenses. With the federal e-file feature, the TurboTax Premier 2012 can help you get your tax refunds in as little as eight days.
The TurboTax Premier 2012 is equipped with several special features to enable you to get the most out of your investments and properties. It can help you save time by importing investment information directly from financial institutions. It also provides effective assistance in the reporting of investment sales, and it can calculate capital gains or losses with perfect accuracy. Additionally, the software provides excellent instructions to help you determine the correct price for stock sales. It also demonstrates how you can raise your 401(k) contribution without reducing your take-home pay. Other functions of the TurboTax Premier 2012 that can be beneficial to you include selecting the best depreciation method for tax deduction, maximizing refinancing deductions, and providing assistance for managing employee stock plans.
TurboTax Home and Business 2012, 2013
If you are having trouble filing your tax returns and you do not want to pay exorbitant fees to hire a professional tax preparer, you should consider getting TurboTax 2012. TurboTax 2012 is presently the most widely used tax preparation software, and it has been proven to be very effective. It does not only make tax preparation more hassle-free and accurate; it can also help taxpayers gain maximum refunds. There are five different versions of TurboTax 2012, and they are specially developed for different types of taxpayers. If you are a sole proprietor or a single owner of a limited liability company, the most suitable version for you is the TurboTax Home and Business 2012.
TurboTax Home and Business 2012 has all the necessary features and capabilities to make tax preparation an easier and more rewarding experience for you. It provides the best tax preparation solutions for sole proprietors, home business owners, single-owner limited liability companies, and those who have a side job. It can help you prepare W2s and 1099s for your employees and contractors as well as file personal and business taxes together.
The TurboTax Home and Business 2012 is equipped with all the excellent features that are included in the TurboTax Premier 2012. Some of these features include easy tax questions, automatic completion of W2s and 1099s, direct import of financial data, SmartCheck scans, guaranteed accurate calculations, EasyGuide, live tax answers, free technical support, automatic import of investment information, 401(k) maximizer, maximization of rental and refinancing deduction, audit risk tracking, maximization of tax deduction, and faster refunds. All these features combine to make the tax preparation process much easier, as well as more efficient, accurate, and rewarding.
In addition to the abovementioned features, there are a number of special features in the TurboTax Home and Business 2012 that are particularly beneficial to those who need to prepare personal and business taxes. The software provides excellent assistance to enable you to find all the small business tax deductions that you qualify for, including home office expenses, supplies, utilities, vehicles, and others. It comes with a feature that makes it possible for you to get the highest amount of deduction for your vehicle. This feature will show you the amounts of deductions that you will receive if you use actual expenses or standard mileage rate, as well as help you split vehicle expenses for personal and business use. Additionally, the TurboTax Home and Business 2012 will give you a walk-through of industry-specific tax write-offs, so that you can spot deductions that are commonly overlooked.
Many of the complicated procedures of preparing personal and business taxes are made simpler by TurboTax Home and Business 2012. The software will display all types of business income on a single page, so that you can be sure that you have covered every relevant source of business income. It also streamlines expense entry by providing walk-through of all categories of expenses and suggestions for maximizing savings. Furthermore, you will receive the necessary guidance to prepare unlimited forms for your employees and contractors. To enable you to get maximum deduction, the software will offer advice on which depreciation method you should use. The TurboTax Home and Business 2012 also provides special guidance for new businesses.
TurboTax Home and Business 2012 has all the necessary features and capabilities to make tax preparation an easier and more rewarding experience for you. It provides the best tax preparation solutions for sole proprietors, home business owners, single-owner limited liability companies, and those who have a side job. It can help you prepare W2s and 1099s for your employees and contractors as well as file personal and business taxes together.
The TurboTax Home and Business 2012 is equipped with all the excellent features that are included in the TurboTax Premier 2012. Some of these features include easy tax questions, automatic completion of W2s and 1099s, direct import of financial data, SmartCheck scans, guaranteed accurate calculations, EasyGuide, live tax answers, free technical support, automatic import of investment information, 401(k) maximizer, maximization of rental and refinancing deduction, audit risk tracking, maximization of tax deduction, and faster refunds. All these features combine to make the tax preparation process much easier, as well as more efficient, accurate, and rewarding.
In addition to the abovementioned features, there are a number of special features in the TurboTax Home and Business 2012 that are particularly beneficial to those who need to prepare personal and business taxes. The software provides excellent assistance to enable you to find all the small business tax deductions that you qualify for, including home office expenses, supplies, utilities, vehicles, and others. It comes with a feature that makes it possible for you to get the highest amount of deduction for your vehicle. This feature will show you the amounts of deductions that you will receive if you use actual expenses or standard mileage rate, as well as help you split vehicle expenses for personal and business use. Additionally, the TurboTax Home and Business 2012 will give you a walk-through of industry-specific tax write-offs, so that you can spot deductions that are commonly overlooked.
Many of the complicated procedures of preparing personal and business taxes are made simpler by TurboTax Home and Business 2012. The software will display all types of business income on a single page, so that you can be sure that you have covered every relevant source of business income. It also streamlines expense entry by providing walk-through of all categories of expenses and suggestions for maximizing savings. Furthermore, you will receive the necessary guidance to prepare unlimited forms for your employees and contractors. To enable you to get maximum deduction, the software will offer advice on which depreciation method you should use. The TurboTax Home and Business 2012 also provides special guidance for new businesses.
TurboTax 2012 Release Date
Many tax preparation programs are released every year, but none of them is as much awaited as TurboTax. TurboTax is widely considered the finest tax preparation software that is available today. This exceptional software is constantly updated to help taxpayers keep up with changes in tax laws and procedures, as well as other related areas. The new TurboTax 2011 was released in the middle of January, 2011, and it comes with many excellent features that make the process of tax preparation more hassle-free and efficient. It is also capable of generating more refunds than any other tax preparation program that is being offered in the market today.
The TurboTax 2011 is meticulously designed to provide effective solutions to all the problems that are commonly experienced during the tax preparation process. It does all the hard work, so that you do not have to spend long hours going through your documents, making calculations, and filling in tax return forms. It is equipped with all the necessary capabilities to help you file your tax returns in the easiest and quickest way possible. One of the reasons why taxpayers favor this software is because it gives explanations, instructions, and questions in plain and simple English. By doing so, it ensures that you will be able to provide the correct information and make your tax preparation process smoother. After collecting all the required information from you and other sources, TurboTax 2011 will automatically complete your tax forms.
Another benefit of using TurboTax 2012 is that you will have the assurance that your tax returns will be error-free. The software has an advanced checking system that will perform thousands of error checks before you submit your tax returns. The company that develops TurboTax offers a 100% accurate calculations guarantee, meaning that it will pay any penalty fee that is charged by the IRS because of calculation errors. Turbo Tax 2012 also provides an update of the latest tax laws, so that you will be reminded to use the latest tax forms.
If you experience any problem while using the TurboTax 2012, you can use one of several tools to get back on track. The software allows you to get tax answers from experts as well as other users in TurboTax’s live community. You can also find the answers you need by reading the commonly-asked-questions section. If you have trouble answering a tax question, you can use the EasyGuide feature to find the right answer. Additionally, TurboTax 2012 will produce a summary of your tax returns, which includes information such as tax, income, credits, and payments, and it also offers recommendations to help you get a bigger refund in the future.
The greatest benefit of using TurboTax 2012 is that you will get the largest amount of refund possible. It is common for taxpayers to miss certain tax deductions that they are eligible for. This will not happen with TurboTax 2012. The software has information on over 300 different types of tax deductions, and it can use the information you provide to find out which deductions apply to you. TurboTax 2012 comes with a biggest refund money-back guarantee.
The TurboTax 2011 is meticulously designed to provide effective solutions to all the problems that are commonly experienced during the tax preparation process. It does all the hard work, so that you do not have to spend long hours going through your documents, making calculations, and filling in tax return forms. It is equipped with all the necessary capabilities to help you file your tax returns in the easiest and quickest way possible. One of the reasons why taxpayers favor this software is because it gives explanations, instructions, and questions in plain and simple English. By doing so, it ensures that you will be able to provide the correct information and make your tax preparation process smoother. After collecting all the required information from you and other sources, TurboTax 2011 will automatically complete your tax forms.
Another benefit of using TurboTax 2012 is that you will have the assurance that your tax returns will be error-free. The software has an advanced checking system that will perform thousands of error checks before you submit your tax returns. The company that develops TurboTax offers a 100% accurate calculations guarantee, meaning that it will pay any penalty fee that is charged by the IRS because of calculation errors. Turbo Tax 2012 also provides an update of the latest tax laws, so that you will be reminded to use the latest tax forms.
If you experience any problem while using the TurboTax 2012, you can use one of several tools to get back on track. The software allows you to get tax answers from experts as well as other users in TurboTax’s live community. You can also find the answers you need by reading the commonly-asked-questions section. If you have trouble answering a tax question, you can use the EasyGuide feature to find the right answer. Additionally, TurboTax 2012 will produce a summary of your tax returns, which includes information such as tax, income, credits, and payments, and it also offers recommendations to help you get a bigger refund in the future.
The greatest benefit of using TurboTax 2012 is that you will get the largest amount of refund possible. It is common for taxpayers to miss certain tax deductions that they are eligible for. This will not happen with TurboTax 2012. The software has information on over 300 different types of tax deductions, and it can use the information you provide to find out which deductions apply to you. TurboTax 2012 comes with a biggest refund money-back guarantee.
TurboTax 2012 Download
Filing tax returns is something that most people do not enjoying doing. It involves a lot of paperwork, and it can be a very confusing and stressful process. It may be better to leave the hard work of filing tax returns in the hands of professional tax preparers, but you have to be prepared to pay a high fee for their services. Other than filing your tax returns yourself or engaging professional tax preparation services, there is another way that you can get your taxes done. Nowadays, many people are using tax preparation software to prepare their taxes, and you should do the same too.
TurboTax Download
Tax preparation software eliminates the huge paperwork burden that comes with filing tax returns, and it provides a more organized way for you to work. It has also been noted that most tax preparation programs are capable of helping taxpayers gain more tax refunds. Presently, there is a wide selection of tax preparation programs in the market, and the most preferred among them is the TurboTax 2012. This outstanding software has been rated the number one tax preparation software by consumers, and it has all the necessary features to make tax preparation more convenient, efficient, and rewarding.
TurboTax 2012 can be used online or purchased as a CD or download. If you choose to download the software, you have to pay a price of $39.95 to $149.95, depending on which edition you choose. Unlike the online version, the download version does not offer free trial. The TurboTax 2011 editions that are available for download include the TurboTax Basic 2012, TurboTax Deluxe 2012, TurboTax Premier 2012, TurboTax Home and Business 2012, and TurboTax Business 2012. All these editions are designed to meet the specific tax preparation needs of different types of taxpayers, ranging from homeowners to corporations.
TurboTax 2012 Download makes it easier for you to answer tax questions. All its questions are clearly presented in simple English, so that you will know exactly what information to provide. Upon receiving your answers, the software will automatically use the information to fill in your W-2 and 1099 forms. You are not required to retype the information you provided every year. When you need to file tax returns again, TurboTax 2012 will use the information that you submitted the previous year.
When you use TurboTax 2011 Download, you can rest assured that there will be no errors in your tax forms. The software is equipped with a SmartCheck feature, which scans your returns thoroughly for errors, and it comes with an accurate calculations guarantee. Additionally, it has various features that provide proper guidance to help you prepare your taxes successfully, and these include straightforward instructions and advice, live tax answers, live events experts, and excellent technical support. With a federal e-file, the software makes it possible for you to get your refunds sooner.
Most importantly, the TurboTax 2012Download has effective tools for maximizing your refunds. It has information on more than 300 different kinds of tax deductions, and it is able to locate all the deductions that you can apply for. TurboTax 2011 is known as the tax preparation software that brings the biggest refunds.
TurboTax Download
Tax preparation software eliminates the huge paperwork burden that comes with filing tax returns, and it provides a more organized way for you to work. It has also been noted that most tax preparation programs are capable of helping taxpayers gain more tax refunds. Presently, there is a wide selection of tax preparation programs in the market, and the most preferred among them is the TurboTax 2012. This outstanding software has been rated the number one tax preparation software by consumers, and it has all the necessary features to make tax preparation more convenient, efficient, and rewarding.
TurboTax 2012 can be used online or purchased as a CD or download. If you choose to download the software, you have to pay a price of $39.95 to $149.95, depending on which edition you choose. Unlike the online version, the download version does not offer free trial. The TurboTax 2011 editions that are available for download include the TurboTax Basic 2012, TurboTax Deluxe 2012, TurboTax Premier 2012, TurboTax Home and Business 2012, and TurboTax Business 2012. All these editions are designed to meet the specific tax preparation needs of different types of taxpayers, ranging from homeowners to corporations.
TurboTax 2012 Download makes it easier for you to answer tax questions. All its questions are clearly presented in simple English, so that you will know exactly what information to provide. Upon receiving your answers, the software will automatically use the information to fill in your W-2 and 1099 forms. You are not required to retype the information you provided every year. When you need to file tax returns again, TurboTax 2012 will use the information that you submitted the previous year.
When you use TurboTax 2011 Download, you can rest assured that there will be no errors in your tax forms. The software is equipped with a SmartCheck feature, which scans your returns thoroughly for errors, and it comes with an accurate calculations guarantee. Additionally, it has various features that provide proper guidance to help you prepare your taxes successfully, and these include straightforward instructions and advice, live tax answers, live events experts, and excellent technical support. With a federal e-file, the software makes it possible for you to get your refunds sooner.
Most importantly, the TurboTax 2012Download has effective tools for maximizing your refunds. It has information on more than 300 different kinds of tax deductions, and it is able to locate all the deductions that you can apply for. TurboTax 2011 is known as the tax preparation software that brings the biggest refunds.
TurboTax 2012 Online
Similar to most people, you may dread the daunting task of filing tax returns. The number of documents that you need to check to complete your tax return forms can be overwhelming, and you may have to spend hours to find all the required information. Even if you have the patience to look through all the documents, you may not be able to fill your tax return forms correctly. Tax return forms can be confusing, because they do not provide very clear instructions. Instead of filing your tax returns yourself, you can save a lot of hassle and stress by hiring a professional tax preparer. However, this is not the best option either, because you may have to pay a high fee. Is there a less stressful and more affordable way to file tax returns?
TurboTax Online
The advancement of technology has brought greater convenience to many aspects of human life, and it has certainly benefited those who need to file tax returns. With the availability of online tax preparation tools, you no longer have to tackle piles of paper and worry that you have submitted the wrong information. These tools offer an efficient, hassle-free, and low cost way for filing tax returns, and they are used by many people in the world today. The most sought after tax preparation tool that is available on the Internet is TurboTax 2011.
TurboTax 2012 is an excellent do-it-yourself tax filing tool that can make tax preparation easier and more accurate. It functions to streamline the process of filing tax returns and make tax information more easily available. TurboTax 2012 comes in five different versions to provide appropriate tax preparation solutions for individuals, businesses, and organizations. The most basic version is the Free Edition, which is suitable for those who need to file simple tax returns. Homeowners and people who need to pay medical expenses can use the Deluxe Edition. The Home and Business Edition offers excellent solutions for homeowners, business owners, contractors, and limited liability companies, while the Business Edition is suitable for partnerships, multiple-owner limited liability companies, and corporations. If you need to file tax returns for property, real estate, or investments, the Premier Edition is the best option for you. When you are choosing an edition of TurboTax 2012, you should consider factors such as marital status, number of children and dependents, nature of employment, and others.
Using TurboTax 2012 can be beneficial to you in many ways. First of all, you do not have to spend hours finding out which tax deductions you are eligible for. TurboTax 2012 has a list of more than 350 possible tax deductions that you can file for. It can determine your eligibility by asking a few simple questions. Another benefit of preparing tax with TurboTax 2012 is that you will always get accurate calculations. The program is designed to provide a tax calculation accuracy rate of 100%, and the company that developed it is willing to pay any penalty that results from calculation errors. When you use TurboTax 2011, you can be assured that you will get the largest possible returns. If you find another tax preparation method that can give you larger returns, you are entitled to a full refund.
TurboTax Online
The advancement of technology has brought greater convenience to many aspects of human life, and it has certainly benefited those who need to file tax returns. With the availability of online tax preparation tools, you no longer have to tackle piles of paper and worry that you have submitted the wrong information. These tools offer an efficient, hassle-free, and low cost way for filing tax returns, and they are used by many people in the world today. The most sought after tax preparation tool that is available on the Internet is TurboTax 2011.
TurboTax 2012 is an excellent do-it-yourself tax filing tool that can make tax preparation easier and more accurate. It functions to streamline the process of filing tax returns and make tax information more easily available. TurboTax 2012 comes in five different versions to provide appropriate tax preparation solutions for individuals, businesses, and organizations. The most basic version is the Free Edition, which is suitable for those who need to file simple tax returns. Homeowners and people who need to pay medical expenses can use the Deluxe Edition. The Home and Business Edition offers excellent solutions for homeowners, business owners, contractors, and limited liability companies, while the Business Edition is suitable for partnerships, multiple-owner limited liability companies, and corporations. If you need to file tax returns for property, real estate, or investments, the Premier Edition is the best option for you. When you are choosing an edition of TurboTax 2012, you should consider factors such as marital status, number of children and dependents, nature of employment, and others.
Using TurboTax 2012 can be beneficial to you in many ways. First of all, you do not have to spend hours finding out which tax deductions you are eligible for. TurboTax 2012 has a list of more than 350 possible tax deductions that you can file for. It can determine your eligibility by asking a few simple questions. Another benefit of preparing tax with TurboTax 2012 is that you will always get accurate calculations. The program is designed to provide a tax calculation accuracy rate of 100%, and the company that developed it is willing to pay any penalty that results from calculation errors. When you use TurboTax 2011, you can be assured that you will get the largest possible returns. If you find another tax preparation method that can give you larger returns, you are entitled to a full refund.
Free TurboTax 2012
Gone are the days when you had to handle the stressful task of filing tax returns manually. Nowadays, you can avail of a wide range of tax preparation software that can make the process of filing tax returns easier and more efficient. Such software enables you to file your tax returns electronically, and it eliminates the hassle of having to look through huge stacks of documents. It can also deliver more accurate results than human tax preparers. One of the best tax preparation programs that is available on the market today is TurboTax 2012.
TurboTax 2012 is widely considered the most effective tax preparation software in the world. It is a user-friendly program that is specially designed to make tax preparation as easy and rewarding as possible. It uses very simple instructions and questions to communicate with you, and it is able to collect your tax information from an extensive range of sources to help you save time and effort. It also makes it possible for you to get your tax refund faster. Perhaps, the greatest benefit of using TurboTax 2012 is that you will receive the highest amounts of refunds. It is equipped with a special feature that enables you to find all the tax deductions that you are eligible for, without missing one possible deduction. It can also ascertain whether you can deduct your medical expenses. TurboTax 2012 comes with a “100% accurate calculations” guarantee, meaning that the software’s creator will pay all penalty fees that are incurred because of calculation errors.
TurboTax 2012 is available in several editions, each of which is specially developed to provide tax preparation solutions for a specific type of taxpayers. These editions include the TurboTax Free, TurboTax Deluxe, TurboTax Premier, TurboTax Home and Business, and TurboTax Business. If you want to see if TurboTax can work for you, it is recommended that you try the free edition first. The TurboTax Free Edition is the most basic offering from TurboTax, and it is a suitable option for people who have only a simple tax return to file, as well as those who are capable of filing their tax returns with minimal guidance. This edition should only be used by people who are single and have no children or dependents. It can be used for filing a 1040EZ, but it is unable to import 1099 and W-2. The TurboTax Free Edition comes with free federal e-file.
You can rest assured that you will not experience any confusion or problems when you file your tax returns with the TurboTax Free Edition. This software asks tax questions in plain and easily comprehensible English, and it can help you save time by skipping questions that do not apply to you. It offers very clear instructions through on-screen guidance, as well as efficient technical support through phone, email, live chat, or the TurboTax knowledgebase. The TurboTax Free Edition can be used free of charge up to the point where you need to print or e-file. If you decide to print or e-file, you will not get a money-back guarantee from TurboTax.
TurboTax 2012 is widely considered the most effective tax preparation software in the world. It is a user-friendly program that is specially designed to make tax preparation as easy and rewarding as possible. It uses very simple instructions and questions to communicate with you, and it is able to collect your tax information from an extensive range of sources to help you save time and effort. It also makes it possible for you to get your tax refund faster. Perhaps, the greatest benefit of using TurboTax 2012 is that you will receive the highest amounts of refunds. It is equipped with a special feature that enables you to find all the tax deductions that you are eligible for, without missing one possible deduction. It can also ascertain whether you can deduct your medical expenses. TurboTax 2012 comes with a “100% accurate calculations” guarantee, meaning that the software’s creator will pay all penalty fees that are incurred because of calculation errors.
TurboTax 2012 is available in several editions, each of which is specially developed to provide tax preparation solutions for a specific type of taxpayers. These editions include the TurboTax Free, TurboTax Deluxe, TurboTax Premier, TurboTax Home and Business, and TurboTax Business. If you want to see if TurboTax can work for you, it is recommended that you try the free edition first. The TurboTax Free Edition is the most basic offering from TurboTax, and it is a suitable option for people who have only a simple tax return to file, as well as those who are capable of filing their tax returns with minimal guidance. This edition should only be used by people who are single and have no children or dependents. It can be used for filing a 1040EZ, but it is unable to import 1099 and W-2. The TurboTax Free Edition comes with free federal e-file.
You can rest assured that you will not experience any confusion or problems when you file your tax returns with the TurboTax Free Edition. This software asks tax questions in plain and easily comprehensible English, and it can help you save time by skipping questions that do not apply to you. It offers very clear instructions through on-screen guidance, as well as efficient technical support through phone, email, live chat, or the TurboTax knowledgebase. The TurboTax Free Edition can be used free of charge up to the point where you need to print or e-file. If you decide to print or e-file, you will not get a money-back guarantee from TurboTax.
Monday, June 27, 2011
TurboTax Review
As huge of a name that TurboTax has become, it’s easy to find yourself asking: why? Just what about it really separates the software from the rest of the pack, because surely they can’t be the only ones. There are probably too many TurboTax reviews in existence to ever read them all, seeing as they’re all free however, it can be tempting to try.
When we’re talking about something as weighty as your annual income tax return, accuracy of information is critical. It’s easy to stick with something because it’s the something you know, but what if something else worked better?
If you don’t know too much about TurboTax or where to find its many glowing reviews, then let’s cover the basic aspects of their software.
TurboTax is a do-it-yourself tax preparation service which has not only streamlined the process of filing your taxes, but has even changed how much income tax information is available to people who previously had very little accessibility to it and depended on the expert in the office to put the pieces together for them.
Year after year more people file with TurboTax than with any other online service. Many of the reviews you’ll read about the TurboTax software are coming straight from people who experienced many financial benefits by filing online.
There are five different versions of the software available:
· The Free Edition: for simple returns· The Deluxe Edition: for deductions such as medical expenses, homeowners· The Premier Edition: real estate, property, investments· The Home and Business Edition: homeowners, business owners, LLC’s, contractors· And the Business Edition: corporations, multiple owner LLC’s, partnerships
The various editions obviously apply to various living and working situations. Depending on your marital status and the number of children you may have, adopted children, other dependents, if you’re self employed or any number of other variables, you’ll need to use the right edition.
TurboTax Features
They don’t all come with the same features and it’s easy enough to surmise that each version comes with a different price tag, all of which remain surprisingly reasonable considering the current world of unreasonable prices that we all have to deal with.
Like all of the other TurboTax reviews published around the web and in magazines, I’m here to tell you that their GPS-like guidance is remarkably effective. Even if you’ve inadvertently signed up for the wrong version and would benefit greatly from using another, you won’t have to pay the price for a moment of idiocy.
They’ll instantly know that you’d miss certain credits or deductions or simply need different forms and you’ll be prompted to upgrade.
Another feature that needs mention here is the one that checks your work for errors as you go, and then again during conclusive steps, and then again at the very end before you actually file. Most delays and audits are caused by simple mistakes in regards to something as silly as your address or phone number, one wrong digit, and the IRS has no way of guessing at the right one.
There are many TurboTax reviews on TurboTax’s very own homepage. You may be thinking that surely no one could possibly give you the even and level truth in regards to their own reputation, but they do. They have nothing to hide and their reviews offer links to other reviews by people like Cnet, PC magazine, the New York Times, PC world and toptenreviews.com have all put in their heavy opinions and you get the truth straight from them or even from one of the hundreds of bits and pieces written about the different functions of the software from people who have actually used it.
As you go through the process of filing, though pretty much every important part of your return will be covered and prompted by the software itself, there will always be a section of the page for you click through to help or more information which can be handy if your tax situation is a little bit complicated.
Your work is saved frequently through their award-winningly secure network so if you only have time for completing bits and pieces of your tax return you can stop and start whenever you want. If you don’t have some piece of paper or receipts with you to complete a certain tax form then you can “bookmark” that area to finish after you move ahead to steps you can complete.
Your software also comes with a maximum-refund guarantee, not bad huh? Add to that list: an audit support center comprised of both automated and real-live support, a 100% accuracy guarantee, and a vast library of searchable information in regards to certain tax situations written by experts and people with first-hand experience who worked through those situations with TurboTax’s software.
Reviews of TurboTax are also available for free on the website.
When we’re talking about something as weighty as your annual income tax return, accuracy of information is critical. It’s easy to stick with something because it’s the something you know, but what if something else worked better?
If you don’t know too much about TurboTax or where to find its many glowing reviews, then let’s cover the basic aspects of their software.
TurboTax is a do-it-yourself tax preparation service which has not only streamlined the process of filing your taxes, but has even changed how much income tax information is available to people who previously had very little accessibility to it and depended on the expert in the office to put the pieces together for them.
Year after year more people file with TurboTax than with any other online service. Many of the reviews you’ll read about the TurboTax software are coming straight from people who experienced many financial benefits by filing online.
There are five different versions of the software available:
The various editions obviously apply to various living and working situations. Depending on your marital status and the number of children you may have, adopted children, other dependents, if you’re self employed or any number of other variables, you’ll need to use the right edition.
TurboTax Features
They don’t all come with the same features and it’s easy enough to surmise that each version comes with a different price tag, all of which remain surprisingly reasonable considering the current world of unreasonable prices that we all have to deal with.
Like all of the other TurboTax reviews published around the web and in magazines, I’m here to tell you that their GPS-like guidance is remarkably effective. Even if you’ve inadvertently signed up for the wrong version and would benefit greatly from using another, you won’t have to pay the price for a moment of idiocy.
They’ll instantly know that you’d miss certain credits or deductions or simply need different forms and you’ll be prompted to upgrade.
Another feature that needs mention here is the one that checks your work for errors as you go, and then again during conclusive steps, and then again at the very end before you actually file. Most delays and audits are caused by simple mistakes in regards to something as silly as your address or phone number, one wrong digit, and the IRS has no way of guessing at the right one.
There are many TurboTax reviews on TurboTax’s very own homepage. You may be thinking that surely no one could possibly give you the even and level truth in regards to their own reputation, but they do. They have nothing to hide and their reviews offer links to other reviews by people like Cnet, PC magazine, the New York Times, PC world and toptenreviews.com have all put in their heavy opinions and you get the truth straight from them or even from one of the hundreds of bits and pieces written about the different functions of the software from people who have actually used it.
As you go through the process of filing, though pretty much every important part of your return will be covered and prompted by the software itself, there will always be a section of the page for you click through to help or more information which can be handy if your tax situation is a little bit complicated.
Your work is saved frequently through their award-winningly secure network so if you only have time for completing bits and pieces of your tax return you can stop and start whenever you want. If you don’t have some piece of paper or receipts with you to complete a certain tax form then you can “bookmark” that area to finish after you move ahead to steps you can complete.
Your software also comes with a maximum-refund guarantee, not bad huh? Add to that list: an audit support center comprised of both automated and real-live support, a 100% accuracy guarantee, and a vast library of searchable information in regards to certain tax situations written by experts and people with first-hand experience who worked through those situations with TurboTax’s software.
Reviews of TurboTax are also available for free on the website.
Monday, May 23, 2011
TurboTax 2012
TurboTax 2012
Taxes can be complicated. What with all constant political changes to our tax system, and all the people out there who make up all sorts of creative ways to avoid paying taxes, everything just gets more and more complex. It makes things understandably difficult for most people who wants to file their taxes. The truth is, we don't all have time to keep up on every tiny change that happens to our tax laws. Fortunately there is a tax program that help straighten this all out for the everyday person: TurboTax!
Easy Filing with TurboTax 2012
TurboTax comes with a built in guide for first time users, giving clear directions for every step. If you're worried about making a mistake or reading something wrong on your tax forms, TurboTax can clear that up for you. It will also take into account your personal circumstances. TurboTax will find every possible deduction for you if you just had a child, bought a home or changed your job. TurboTax 2012 will automatically fill the right forms out for you for these situations!
When filling out your tax return, or even when you pay a professional to do it for you, there's always to chance of human error. It can sometimes a be a small thing, and sometimes it can be a big thing; a thing that might cause you to get audited or to lose out on a large amount of tax return money.
TurboTax 2012 double checks your tax return for any errors, giving you peace of mind. It will also look thoroughly for and and every deduction you might qualify for. With TurboTax, you will never miss another deduction!
TurboTax Can Help
Do you have an obscure tax question that you're sure about? Are you in a unique situation where you're not sure if you qualify for a deduction, or whether or not you have to report a specific expenditure on your taxes? If there's a specific issue you're worried about on your tax return, TurboTax has an award winning support site that can answer any question you have!
You could also have a real time online chat with one of TurboTax's tax experts, or you could go to the TurboTax 2012 forum and get advice from other tax gurus and customers like yourself. There's also a list of frequently asked questions and many tax articles and blogs concerning the latest tax news.
No Risk
But let's say you're worried about online safety. Identity theft is certainly a big issue today, and it can be tough to know what websites you can really trust with your most valuable information. You can feel safe with TurboTax, because TurboTax 2012 uses the same encryption software used by banks when you file online. You're information will be stored on a firewall protected server, making sure no one but you can get access to it with you're unique name and password.
Which Version Works for You?
There are several different versions of TurboTax, each made to tailor to specific needs. There's TurboTax Basic, which offers step by step guidance and can transfer your tax information from last year so you don't have to fill it out all over again, and of course it also includes your federal tax return.
TurboTax 2012 Deluxe has everything from the Basic version, but in addition it searches for over 350 tax deductions that you may qualify for! If you've made a charitable donation this year, it will give you accurate values as to how much you can expect to deduct from that. It also will check if your at risk for an audit, and will alert you if it finds that you might be audited. TurboTax 2012 Deluxe will give you tips to reduce the chance of an audit and give you peace of mind.
TurboTax Premier includes everything offered in the Deluxe Version, and is especially useful if you deal with rental property or have made some investments this year. TurboTax Premier can calculate your investment gains and can help you deduct your losses. You'll be walked through the process of reporting bonds, sales of stock or mutual funds. It can also find tax saving deductions on rental property. Worried about reporting sales on your tax return? Premier guides you through reporting your sales and helps you with Employee Stock Purchase Plans (ESPP).
Finally there's TurboTax Home & Business, which includes everything from TurboTax Premier and in addition will find helpful business write offs that can boost your refund. It can also find industry specific deductions for even better tax savings! Having trouble figuring out assett depreciation? TurboTax Home & Business will tell you which type of depreciation is best for you and help you calculate and report it on your tax return.
Clearly, there's a reason it's one of the most widely used tax programs out there. There's no reason to keep worrying about your tax return every year. Try TurboTax 2012! You'll thank yourself later.
Easy Filing with TurboTax 2012
TurboTax comes with a built in guide for first time users, giving clear directions for every step. If you're worried about making a mistake or reading something wrong on your tax forms, TurboTax can clear that up for you. It will also take into account your personal circumstances. TurboTax will find every possible deduction for you if you just had a child, bought a home or changed your job. TurboTax 2012 will automatically fill the right forms out for you for these situations!
When filling out your tax return, or even when you pay a professional to do it for you, there's always to chance of human error. It can sometimes a be a small thing, and sometimes it can be a big thing; a thing that might cause you to get audited or to lose out on a large amount of tax return money.
TurboTax 2012 double checks your tax return for any errors, giving you peace of mind. It will also look thoroughly for and and every deduction you might qualify for. With TurboTax, you will never miss another deduction!
TurboTax Can Help
Do you have an obscure tax question that you're sure about? Are you in a unique situation where you're not sure if you qualify for a deduction, or whether or not you have to report a specific expenditure on your taxes? If there's a specific issue you're worried about on your tax return, TurboTax has an award winning support site that can answer any question you have!
You could also have a real time online chat with one of TurboTax's tax experts, or you could go to the TurboTax 2012 forum and get advice from other tax gurus and customers like yourself. There's also a list of frequently asked questions and many tax articles and blogs concerning the latest tax news.
No Risk
But let's say you're worried about online safety. Identity theft is certainly a big issue today, and it can be tough to know what websites you can really trust with your most valuable information. You can feel safe with TurboTax, because TurboTax 2012 uses the same encryption software used by banks when you file online. You're information will be stored on a firewall protected server, making sure no one but you can get access to it with you're unique name and password.
Which Version Works for You?
There are several different versions of TurboTax, each made to tailor to specific needs. There's TurboTax Basic, which offers step by step guidance and can transfer your tax information from last year so you don't have to fill it out all over again, and of course it also includes your federal tax return.
TurboTax 2012 Deluxe has everything from the Basic version, but in addition it searches for over 350 tax deductions that you may qualify for! If you've made a charitable donation this year, it will give you accurate values as to how much you can expect to deduct from that. It also will check if your at risk for an audit, and will alert you if it finds that you might be audited. TurboTax 2012 Deluxe will give you tips to reduce the chance of an audit and give you peace of mind.
TurboTax Premier includes everything offered in the Deluxe Version, and is especially useful if you deal with rental property or have made some investments this year. TurboTax Premier can calculate your investment gains and can help you deduct your losses. You'll be walked through the process of reporting bonds, sales of stock or mutual funds. It can also find tax saving deductions on rental property. Worried about reporting sales on your tax return? Premier guides you through reporting your sales and helps you with Employee Stock Purchase Plans (ESPP).
Finally there's TurboTax Home & Business, which includes everything from TurboTax Premier and in addition will find helpful business write offs that can boost your refund. It can also find industry specific deductions for even better tax savings! Having trouble figuring out assett depreciation? TurboTax Home & Business will tell you which type of depreciation is best for you and help you calculate and report it on your tax return.
Clearly, there's a reason it's one of the most widely used tax programs out there. There's no reason to keep worrying about your tax return every year. Try TurboTax 2012! You'll thank yourself later.
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