Tax Carnival Ecstasy – March 1, 2013

Tax Carnival Ecstasy – March 1, 2013

Welcome to the March 1, 2013 edition of Tax Carnival Ecstasy. In this edition we start off with an article by Bill Smith on about getting spam emails from the IRS and how there just like emails from old girl friends, just delete them. Brittany Hall examines Hiring an Illegal Nanny and the trouble you can get into. And John Schmoll believes you Should Just Say No to Refund Anticipation Loans, the pay day loans of the tax business. Hope you enjoy all the material, bookmark, share on Facebook, tweet, and come back real soon.

filing

Bill Smith presents Think Of Tax Filling? Think Turbo Tax posted at 2010Taxes, saying, “March is coming and many businesses out there know what this means. This period officially marks the time to file in business taxes back to the government.”

Bill Smith presents What Do The IRS And Your Ex-Girlfriend Have In Common? posted at 2011 Tax, saying, “You Don’t Want To Hear From Either One Of Them”

tax law

Brittany Hall presents Why You Should Think Twice About Hiring an Illegal Nanny posted at Nanny Interview Questions, saying, “Regardless of where you stand on immigration reform, there’s no denying the fact that undocumented foreign workers will typically perform the same job duties as a native nanny for a lower salary.”

taxes

Shelby Martin presents What Are the Consequences For Not Giving Your Nanny a W-2 Form? posted at GoNannies.com Blog, saying, “If you’re considering an under the table arrangement that will leave your nanny with no W-2 at the beginning of the year, there are some dire consequences you’ll want to take into consideration first.”

John Schmoll presents Why You Should Just Say No to Refund Anticipation Loans posted at Frugal Rules, saying, “Refund Anticipation Loans are marketed as a way to get your tax refund quicker and just in a few days. The main problem is that they’re full of fees as well as the desire to spend the money once received.”

Bill Smith presents The Benefits Of Filing Your Taxes With TurboTax 2013 Or TaxBrain posted at 2014 Taxes, saying, “If you have previously filed your taxes by going to a CPA, you really need to look into online software like TurboTax 2013 or TaxBrain.”

Bill Smith presents Saving Money With The Child Tax Credit posted at 2011 Taxes, saying, “A lot of Canadians have no idea they qualify for the Child Tax Credit or what it is.”

Mr.CBB presents Income Tax Is Like A Four Letter Word posted at Canadian Budget Binder, saying, “Income tax doesn’t have to be a four letter word if you plan and maximize on the credits available for your personal or your business returns.”

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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Tax Carnival Ecstasy – February 7, 2013

Welcome to the February 7, 2013 edition of Tax Carnival Ecstasy. In this edition we start with a post on Xero by Rachel Frishe who examines why to switch to the bookkeeping software from a different option. Bill Smith has a couple of tax filing articles about the system you need to run TurboTax 2012 on your PC and a new service from Intuit to help small business find a CPA in their area call CPA Select. Finanly Basit has some tax planning tips for employees that receive a W2 tax form. Hope you find the information useful this tax season, bookmark, share, like on Facebook, tweet on Twitter and come back soon.

Bill & Don
Bill & Don (Photo credit: iluvcocacola)

Rachel Frishe presents » Why should I switch to Xero? posted at Virtual Techniques, saying, “Xero offers an efficient, collaborative environment for bookkeeping and account with robust reporting and excellent customization options.”

filing

Bill Smith presents TurboTax2012 System Requirements posted at 2013 Taxes, saying, “Filing Tax is one of the tedious tasks to accomplish. However, since a last few years, there has been a change in the process.”

Bill Smith presents Pros And Cons Of Filing Your Taxes With TurboTax posted at 2011 Taxes, saying, “Filing your taxes with TurboTax or another online tax program is something that people often loathe doing, therefore they try to procrastinate or push it off for later hoping that they would be excused and the year would pass by.”

Bill Smith presents Intuit Unveils TurboTax CPA Select posted at 2012 Taxes – Free Tax Filing Options, saying, “TurboTax CPA Select is designed to connect small and medium business owners who require someone to file their taxes with a CPA.”

Bill Smith presents Super Saturday In Ohio: Day Of Help For Filing Taxes posted at 2012 Taxes – Free Tax Filing Options, saying, “Super Saturday is a day of help in Ohio for residents in need of help filing taxes. Formerly known as the Franklin County EITC Coalition, the Tax Time Coalition of Central Ohio is ready with professionals in the tax business to help others in need of their services.”

retirement

John Schmoll presents How to Take the Emotion Out of Investing posted at Frugal Rules, saying, “The stock market is driven largely by emotion, some say upwards of 90%. If you have a solid investment plan though you can easily separate the emotions from the day to day activity of your investments.”

taxes

AYOUBBLIDI presents Tekenen en symptomen Mange Honden posted at Over Honden.

Bill Smith presents Tax Preparation Reviews posted at 2013 Taxes, saying, “Clients continue to use TurboTax every year as it is easy to use.”

basit presents Tax Planning for Salaried Employees- A Last Minute Guide posted at Fintotal.

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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Features Of The Federal Free TurboTax

Features Of The Federal Free TurboTax

It is now possible for people to file their Federal taxes free with the help of Free Turbo Tax.  Federal Free Turbo Tax was designed with people having tax returns in mind, in view that they do not require a lot of tax guidance irrespective of their income level. The free edition provides an easy way of getting free tax preparation, by searching for the tax credits that one is eligible for to get the highest possible refund amount.

English: United States Internal Revenue Servic...
English: United States Internal Revenue Service Criminal Investigation Division Badge (Photo credit: Wikipedia)

Federal Free TurboTax has several notable features, including guidance for first time users on how to complete their taxes. It asks questions in plain English then arranges the answers for the filer on the correct forms. It also skips the questions that do not apply the person filing the taxes, enabling him to finish the process faster. Moreover, it guarantees one to get the biggest refund possible.

The feature finds every credit that a person remitting his taxes deserves. Every year, many taxpayers get a lesser refund than they deserve since they fail to capitalize on the entire tax credits for which they qualify. Federal Free Turbo Tax has an audit support center that can be downloaded. It provides the taxpayer with guidance on what he needs to know and do in case the IRS contacts him. A notable feature of it that with it one can pay his taxes as he pleases, any time of the day. One can even access it without having to create a user ID.

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.

2010 tax filing with turbo tax
Photo by stevendepolo

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.

Many Families And Indivduals Are Eligible For Tax Credits

WASHINGTON – OCTOBER 13: U.S. President Barack Obama speaks during a Rose Garden event about the American Opportunity Tax Credit (AOTC) October 13, 2010 at the White House in Washington, DC. Obama had a meeting with college students and their families on American Opportunity Tax Credit (AOTC) and he urged the Congress to extend college tax credits. (Image credit: Getty Images via @daylife)

The 2010 tax year offered many deductions and credits for those who chose to itemize their deductions. That is good news for many taxpayer’s but the better news is that there are some new 2011 tax credits that many people may not be aware of, and better still some of these credits can be used even if you do not itemize on your tax return. One credit that some of us might overlook is an energy tax deduction.

The energy credit can be taken up ten percent on a project with a five-hundred dollar cap. It can be used on anything from gas, electric or oil water heaters to energy star windows. check with your tax professional or the IRS for information on energy related deductions and credits.

Other credit that might be overlooked are Education Incentives. One such deduction under this heading would be the American Opportunity Tax Credit. This is a credit of up to $2500.00 of the cost of tuition and related expenses. This also includes the cost of materials. There is also a deduction or credit for the interest paid on a student loan.

There are many credits for families that are worth looking into. Child tax credit as well as Dependant Care Tax credit. Dependant Care Credit allows a taxpayer credit for a percentage of childcare expenses for children under the age of 13 or disabled dependants.

Change Your Life By Filing Your Tax Return

2010 Tax Return

Someone who has not filed his 2010 tax return may be a little nervous. The IRS, the most ruthlessly efficient collection agency in the country, tends to take a dim view of people who do not file their tax returns in any year. The organization wants to make sure the government gets the money it feels that it’s owed. Whether or not the taxes are fair or not is an irrelevant issue. The government needs to make sure it has the funds it needs to continue running. This is especially true with the current national debt.  It may seem to be a little clichéd, but filing 2010 tax returns can change your life.

It will not bring the great change promised by certain self-help pundits, but it certainly will bring relief.  A person does not need to lie awake at night wondering if he has filed his taxed properly or if he is going to suffer from any unwanted visits from the IRS agents. He may prefer to think of the agents as men in black, but that is unlikely to bring a person any comfort. Fortunately, the IRS will do its best to make it easy for a person who owes back taxes to give it money, even if the amount it is demanding is not in line with what the person thinks he owes. Filing his 20120 taxes can prevent a larger problem down the road.