Saving Money And Time On Taxes

If you are looking for 2010 tax filing with turbo tax, it is very likely that you have experienced some trouble getting your taxes submitted in the past. However, it is important for you to take the time needed to make sure that you are using the best software when it comes to getting your taxes ready for submission. The great thing about this software is how simple it becomes to complete the interview that would allow you to determine your tax burden. Additionally, this unique process is designed to determine what tax savings you qualify for in order to reduce your burden or increase your return. Taxes are only as difficult as you make them. However, there is a lot of great software on the market for the purpose of making filing a lot easier.

Coming to freetaxusa would allow you to enjoy some savings when it comes to having your taxes submitted. If you have ever paid a professional to put together your taxes, you likely spent a few hundred dollars to have someone work on your documents. However, this may not help you to secure any additional savings at all. Instead of throwing your money away, you may want to come to freetaxusa. Making better decisions would be the only way that you can prevent falling into financial problems when it comes to the taxes that you are responsible for. Make use of the best software, this would enable you to put together your taxes in a shorter period of time.

Keeping track of your business mileage

The guidelines that are in place from the IRS enable workers and business owners to claim for mileage as a business deduction if you are using your vehicle for business purposes. Some people who are employed are able to deduct business mileage if it is not reimbursed by employers or is only partially reimbursed at a rate that is lower than the official business mileage rate.

Owners of small businesses also often use their vehicles for business related purposes and in this event they too can claim their mileage as a business expense. However, it is important that no matter why or how you are claiming for your business mileage you are able to differentiate between business and personal use mileage and that you do not end up claiming for mileage clocked up when using your vehicle for personal use, as this could be classed as a fraudulent claim. On the other hand you don’t want to miss out and end up claiming for less mileage than you have actually done for business. For these reasons it is vital to ensure that you keep track of your business mileage.

The easiest way to keep track of your business mileage is to use your odometer, which will enable you to see how many miles you do from the start of your journey until the end, each time you go out for business purposes in your vehicle. You simply need to record the number of miles that you do either on a spreadsheet or even in a notebook that you use specifically for logging mileage. It is also advisable to make a note on your spreadsheet or notebook about why you had to make this trip, as this is information that the IRS may ask for. Write or log down where you traveled from and where you traveled to, detailing any detours that you may have made en-route for business purposes.

Of course, many people forget to check their odometer before they head out and therefore, unless they have made the same trip many times and already have a record of the number of miles done, it can become difficult to estimate your business mileage for that particular trip. However, you can simply use an online map and enter details of where you travelled from and to in order to get a good idea of the number of miles that you have done.

Andrew writes frequently about personal finance as well as issues effecting both consumers and small businesses, covering everything from savings to mortgages to
Auto insurance car insurance.

Tax Carnival Ecstasy – November 8, 2011

Welcome to the November 8, 2011 edition of Tax Carnival Ecstasy. We have a great article from FastSwings.com in this issue about President Obama’s recent mortgage program that will help home owners refinance at the new lower rates. Hope you enjoy all the articles, bookmark, share, tweet, like on Facebook and come back soon.
President George W. Bush and President-elect B...
Image via Wikipedia

 

Kristine Ann presents roth ira taxes posted at Roth IRA Rules and Guidelines, saying, “As a financial planner I’m always telling clients they need to diversify. Taxes are a lot like investments when it comes to the need to diversify. Tax laws change just like the stock market does, so depending on one tax strategy is similar to investing in just one stock”

Online Dividends presents $125 Chase Cash Bonus Deal – Exp 11/26/2011 posted at Blogging Banks, saying, “New clients of Chase can get a $125 cash bonus when they open a Chase checking account by November 26, 2011.”

Adriana Roux presents Sexy Power Ranger Costume Causes Lawsuit posted at Bankruptcy Attorney NJ RSS Feed, saying, ““Did you want to be the pink Power Ranger growing up?” This is the question that is used to market the sexy pink action hero costume found on MyPartyShirt.com. Besides the low-cut bottom and revealing top, the costume closely resembles that of Saban Capital Group’s original pink ranger, but the skimpy-ness of the Halloween costume is not what’s causing the controversy.”

retirement

Bruce Givner presents Blog l Estate And Tax Planning l Asset Protection posted at Law Offices of Givner & Kaye, saying, “Daily insights on estate planning, tax planning, asset protection planning and other matters regarding the representation of high net worth individuals and their closely held corporations.”

Martha Stewart presents Retirement Around the World: 25 Fascinating Facts posted at onlinemba.com, saying, “Retirement as we know it is a relatively new phenomenon, brought on by a combination of longer life spans, changing attitudes about work, government social programs, and the rise of a middle class.”

taxes

Sandra Campbell presents The Advantages of Small Business Credit Cards | Small Business Credit Cards | Best Credit Cards for Small Business posted at Small Business Credit Cards, saying, “Starting a new business can be a very exciting and stressful time for an entrepreneur, and you are probably faced with difficult decisions for your business daily.”

tips

SteveR presents Will Obama’s New Lifeline Catch Any Fish? posted at FastSwings, saying, “President Obama announced changes in the HARP program today, aimed at allowing more homeowners to refinance their homes. But will it work?”

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.

 

Technorati tags: tax carnival ecstasy, blog carnival.

Calculating for the Future: Understanding the Low Morgage Rates of Today

While seeing into your financial future can be difficult. Understanding a few key assumptions and numbers associated with your mortgage will allow you to get a good idea of the money you can be spending or saving in the years to come.

Today’s mortgage rates are the best in years, due to the slow economy and the housing market. Those wishing to apply for a loan may be pleased with the deals that are available. For instance, what is known as a jumbo loan now costs consumers less then ever. The current average rate for a thirty year fixed rate loan is approximately five percent. There are also rates available, depending on your personal circumstances, for as low as three and a half and four percent. To be eligible for these low rates, you will need to have a steady, good income, a down payment and a fairly low amount of debt.

How Do Consumer’s Qualify For Lower Rates?

To qualify for the lowest available rates, most consumers will have to pass several tests. There are a few general things that finance companies look for before first considering you for these low rates. One such qualification most banks and financial institutions require is for the prospective homebuyer to have proof that their total debt is not over forty percent of their income, before taxes. This includes debts such as car payments and credit card bills. You must also be able to show proof of your income and steady employment for up to several years. Your credit score has to be good, usually near seven hundred or better, which is quite high. And you almost always need to have a down payment of at least ten percent.

How to Use a Free Mortgage Calculator to Help Estimate Costs:

Using free mortgage calculators is fairly easy if you have the needed information on hand. If you are working with a realtor, they will be able to do the calculations for you. If not, you can easily use the tool yourself. The first step is to determine the principal amount that you will be paying on. Enter the amount on the mortgage or principal line of the calculator, which is almost always the first line. Next enter the number of years the loan is for. Enter the interest rate you’ve been given and click on the calculate button. The mortgage calculator should then give you the estimated mortgage you will be paying.

How to Use a Mortgage Calculator for the Future:

Most mortgage calculators are fitted with a tool that will allow you to estimate the possible value of your home in the future. To do this you will need to enter the home’s current value. You can usually get this information from real estate sites that include recently sold homes in your neighborhood, with houses that are similar to yours in age, size and appearance. Choose the year you would like to check to see what your home value might be, and enter it. Click on the key for appreciation rate. You can choose whether you would like to see the rates for several options, or for one just in your area.

Why Now is a Good Time to Get a Mortgage:

Recent marketing reports state that the prices of houses are becoming more stable. This is good news for those wishing to purchase a new home, or for those buying their first home. Although it is never possible to predict the outcome of the economy, today’s mortgage rates are some of the best ever for those who qualify.

FreeTaxUSA is Great for Simplifying Those Confusing Tax Returns

FreeTaxUSA is Great for Simplifying Those Confusing Tax Returns

If you dread tax season for the confusing and time consuming process of filling out income tax forms more than you look forward to the refund, you should try FreeTaxUSA. FreeTaxUSA takes all the confusion and hard work out of the process of filing your income taxes with their simple and effective interview process.

The process that you have to pay for with another service is a very similar process to what you will encounter, for free, with FreeTaxUSA. However you can handle these questions from the convenience of your home and at your leisure. If you get halfway through the process and decide you need a break or for whatever reason feel like coming back to it later, FreeTaxUSA saves all of your information. This way when you sign back in at a later time, you can pick back up right where you left off. This is also true from one year to the next. If all of your personal information such as filing status, address, etc. is the same, you will not have to fill it out again.

FreeTaxUSA does not just handle simplified tax returns. Even if you have complicated tax returns involving marriage or divorce, buying or selling a house, IRAs, Earned Income Tax Credits, or a myriad of other complex tax scenarios, FreeTaxUSA can handle it and make it very simple in the process. The fact that FreeTaxUSA also has computer programs that automatically search for deductions, credits, exemptions, and write offs for you will be very useful for the more complex tax returns. You can be sure FreeTaxUSA will not miss any opportunities to increase your return.

Not only is FreeTaxUSA’s service cheaper (free) and more effective by guaranteeing you will get the largest return possible, but the whole process is made much simpler for you as a customer. The simple interview style questionnaire does all the work for you while you can just sit back and collect the money. Take a break this next tax season and let FreeTaxUSA do all the work of tax returns for you.