Intuit’s Quickbase Decides To Move Headquarters From Current Location

Posted on May 18, 2013 by Steve Patterson

Intuit’s Quickbase Decides To Move Headquarters From Current Location

Quickbase is owned and operated by Intuit, the creator of TurboTax software. A cloud-based collaboration platform, Quickbase allows individuals to create applications with ease. In fact, users don’t even need to write their own code in order to use the platform. This particular company is headquartered in Waltham, Massachusetts, and has been for its entirety. That’s going to change this coming fall, though.

English: Central Square in Waltham, Massachusetts. (Photo credit: Wikipedia)

In a few months, Quickbase will move from Waltham to Cambridge and brand new headquarters. The location is nearly 70,000 square feet in size and comprises two floors of a large office building. More space will allow the business to continue growing at a rapid pace. Plus, a location in Cambridge allows the business to attract better employment candidates, which is always desirable in this day and age.

Also, other Intuit employees in the area will join Quickbase at its new headquarters. This includes members of the Intuit Payments Solution Division, Intuit Partner Platform, and CTO team. Each separate entity will continue working on its own projects, including TurboTax software. Of course, Quickbase will continue expanding its resources and features for its users.

Quickbase offers a subscription service for countless business individuals. Undoubtedly, being able to create an application without lengthy coding sessions is desirable. The company doesn’t have much to do with TurboTax software, except for the fact that Intuit owns both businesses. In the end, a new headquarters will improve Quickbase in plenty of ways. It continues to grow each and every day with a number of new subscribers.

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Top Tax Scams To Avoid With Turbo Tax 2013

Posted on April 8, 2013 by Steve Patterson

Top Tax Scams To Avoid With Turbo Tax 2013

Using Turbo Tax 2013 is a good way to avoid tax scams in the first place, seeing as how you can e-file your paperwork with confidence that it will go directly to the IRS. However, there are people who will try to catch you in a scam this year, so you need to know what to watch out for. You should use www.TurboTax.com to gather information about filing your taxes correctly, in a safe manner, so these scams do not affect you.

Paying taxes is required for both citizens and non-citizens. (Photo credit: Wikipedia)

1. Email Scams
Even if you have already used Turbo Tax 2013 and www.TurboTax.com to file your taxes, you could get an email saying that you are going to be given a second tax return. The email will look official, even down to the IRS logo, and it will state that you just need to resubmit your information to get the extra money. Do not respond to this email, because the information will really be used for identify theft.

2. Tax Preparers
If you decide not to use Turbo Tax 2013 and www.TurboTax.com, you might have to hire a tax preparer to file your taxes for you. Be very careful about what papers you sign. Some preparers will have you sign over your entire return so that they get to keep it instead of you, and, since you signed the documents, this is totally legal.

3. Fake Charities
You can claim all of the money that you give to charity as a tax write-off when you file with Turbo Tax 2013. However, make sure that you are not donating to a fake charity, which will simply steal your money as you attempt to save on your taxes.

4. Grant Scams
After you file with Turbo Tax 2013, you might get a call from a fake IRS agent, telling you that you need to provide you bank account into to get a grant. This is a scam to steal money directly from the bank.

Protect yourself this year. Learn all that you can about scams, and then use www.TurboTax.com to avoid them. With a little research, you can protect your identity and your money.

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What do you do when there is an invalid charged-off debt?

Posted on March 25, 2013 by Steve Patterson

What do you do when there is an invalid charged-off debt?

It’s nothing new to hear or see a dispute between the tax payers and the IRS. Of course, there are quite a few reasons behind the disputes, but most commonly these disputes involve examination and/or collection issues and also the different interpretations of tax law. The IRS reporting a charged-off account on the credit report also proves to be a great hassle for more reasons than one. Now, if you happen to be one of those whose credit report shows charged-off tax accounts and that too having been reported by the IRS, then it’s definitely worth disputing. In fact, if you sit on it without taking heed, then this’ll definitely have a negative impact on your credit rating and that can be far worse than not having accrued debt, yet souring your credit.

What’s a charge-off debt actually?

Before you get into surmises about what exactly charged-off debt is all about, it’s important for you to understand the concept behind a charged-off debt in the first place. A charge-off debt actually happens to be that debt which has been determined uncollectible by the original creditor and that’s usually done after the debtor is seriously delinquent. Now, it’s only after 6 months that charge-offs are known to occur. Moreover, creditors still have the right to collect on the charge-offs because the debt still remains valid. Charge-offs are also known to appear on your credit report at least for 7 years since the debt appears.

Hence, it’s obvious that you’d like to validate your debts before coming to any conclusion about whether or not you should dispute the charge-offs. Debt validation is necessary like you do when going for the programs aimed to solve your financial problems. In this case too, debt validation programs serve the purpose of telling you for sure whether or not you can dispute the charged-off account with the IRS.

How’ll you dispute a charged-off debt with the IRS?

As a taxpayer who’s looking to dispute a charged-off debt, it’s rather important that you evaluate all possible options before taking any conclusive steps. Have a look at the steps discussed below and you should know how you can dispute a charged-off debt with the IRS.

Write out a formal protest: The very first thing you should do is write out a formal protest and request a review with the IRS Appeals Office. If an issue arises, then the IRS is bound to issue a Notice of Proposed Adjustment (NOPA), Form 5701 which details the position of the IRS regarding particular financial matters. You might as well reply to this by citing tax laws and other substantial evidences to support your position.

Review alternative dispute methods: You should also try and review alternative dispute methods that might be available. Generally there are 4 alternate dispute resolution tools available at the IRS Appeals Office – early referral to appeals, fast track settlement, post appeals mediation and delegation orders. You can request the tax office for early referral to the Appeals Office.

Look for the best method: It’s always advisable that you peruse for the best method when it comes to your particular case of disputing charged-off accounts. Advisably since it’s a dispute, hence you might as well take the assistance of a tax professional. The ultimate option of course remains litigation in a tax court or federal district court.

Keep in mind the above instances and steps when looking to dispute your charged-off debts with the IRS for unless you’re sure about what you’re doing, things can get even messier ultimately. Take heed now and conclude things smoothly.

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How Your Kids Can Boost Your IRS Refund

Posted on March 19, 2013 by Steve Patterson

Law School (Photo credit: Tulane Public Relations)

IRS Refund

A considerable amount of tax can greatly help with your tax return upon declaring your legal dependent. Not only will it boost your own exemption but it can also make you eligible for other tax benefits. You can certainly avail of the child tax credit once you have claimed a legal dependent. Keep in mind that the IRS has restrictions or standard qualifications as to whom you can claim as a legal dependent. Never presume that any person or anybody living in your house directly qualifies as a legal dependent.

What is a Legal Dependent?

In general, a dependent is a person who relies on you for more than 50% of his or her finances. He may have an income from a source or totally depending from the help you are giving. But for the IRS, a legal dependent can be your child or anybody that you are providing aid financially.

A child or your spouse living in your home is the most common type of dependents that mostly everyone claims. Your elderly parents and if you have a child in college, they can still be considered as dependent. To claim a brother, sister, stepsister or any of your family relative as a dependent, he or she should only produce an income less than the standard personal exemption rate for that particular year. The IRS has provided 5 attributes to identify legal exemption of a claimed dependent. These are the following: support, citizenship, relationship, gross income and joint return. With regards to citizenship criteria, it requires that a dependent is a U.S. citizen, a legally adopted foreign child currently residing in the U.S., a local of the U.S. or resident of Mexico or Canada within the year.

Are YOU a Dependent?

Before you can claim a dependent, be sure that you are not claimed as a dependent by another person. Each qualified dependent can only be claimed by one taxpayer in that same year. To ensure that only one person has filed the person a dependent, no other relative should claim the child as a dependent. To fully qualify the kid, he should also be residing with the claimant for more than 6 months of the same year. Make sure that you support your claim with documents and keep those important files for future use.

After you have identified that the person is your qualified dependent, you should, at this time, be keeping significant receipts. It would be in your best interest to take note of any medical, daycare or even itemized expenses that was used or occurred for your dependent. It may seem complicated but the rules determined by the IRS are just very easy to follow.

Sean Harris is a tax blogger from Miami Florida. You can check out his blog irs-easy.com for more extensive information on doing your taxs yourself .

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Bank of Canada flags debt concerns and dissuades consumers from taking on more debt

Posted on February 23, 2013 by Steve Patterson

According to a recent study initiated by Sun Life, 65% of 1299 people surveyed in Canada, weren’t happy with the way they were handling their personal finances in the year 2012. Among them, 25% wished to do something about it and rest had adopted a strongly pessimistic approach towards their debts. With the gaining momentum of the firms that helped people negotiate their multiple liabilities and the prospects of gaining a fresh financial life through bankruptcy, the Canadians have become too lackadaisical about their soaring debt obligations. Ignoring such problems will gradually affect your mental and personal health and you might even lose your peace of mind. If you’re already scared by the shocking statistics on the soaring Canadian debt, you should read on the concerns of this article in order to know the ways in which you can tackle your debt load head on.

Sun Life Financial (Photo credit: Wikipedia)

Warnings from the Bank of Canada is finally being paid heed to

Yes, according to reports, Canadians are finally paying enough heed to the warnings issued by the Bank of Canada to lower their personal debt ceiling. The number of Canadians with monthly loan payments that were delinquent for 3 months dropped to 2%, a record low level in the last quarter of 2012. The median credit balance dropped by 3.47% compared to the same time during the last quarter. If you’re getting dunning notices from your creditors who are warning you about the rising credit card debt defaults, here are some steps that you can take.

Figure out the debt load and the net worth: The first thing that you need to figure out is how deep the debt hole is. You can create a monthly budget through which you can see where your money is going and what kind of adjustments you can make. See the amount that you’re presently paying on your debt and the payments with which you can get out of debt sooner.
Set a financial goal: Although it might be intimidating to figure out the total debt load, you should then set up a financial goal step by step. You can either set up the debt snowball or the debt avalanche method in order to tackle the amount with the high interest rate. Whichever method you choose, you can easily come up with a better repayment plan that can facilitate debt repayment.
Stop taking on more debt: The Canadians love the habit of taking on more and more debt when they’re already drowning in a sea of debt. If you don’t want to go through the hassles of bragging with the debt negotiation companies about settling their debt obligations. You should lock in your credit cards at home so that you can easily be able to use cash instead of credit when you’re out for shopping.
Negotiate with your creditors: You should negotiate with your creditors when you’re in doubt about getting out of debt through the DIY steps. The creditors often help you with the exact steps through which you can repay your debt obligations. They can even put you on a hardship plan through which you can repay without having to fall back on other debt obligations.

Therefore, keeping in mind the strength of Canada’s economy, you can easily be able to determine the amount of consumer spending that is required for business investment. Choose to take the above mentioned steps so that you can easily get back on the right financial track.

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The Benefits Of Filing Your Taxes With TurboTax 2013 Or TaxBrain

Posted on February 20, 2013 by Steve Patterson

Filing Your Taxes With TurboTax 2013 Or TaxBrain

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. You will find that there are a number of advantages to using a software program that a CPA cannot provide. In fact, in the modern day, more and more Canadians are starting to use preparation software because it gives them the experience that they desire.

TurboTax (Photo credit: MrGuilt)

No CPA Fees
To start with, TurboTax 2013 and TaxBrain are not going to charge you fees just to do your taxes. Even software that is not free is often less expensive than hiring someone to do it for you, and free software is the best deal of all. If you are tired of the cost of a CPA meaning that your return is not as big as you wanted it to be, these programs are the ideal solution.

Simple Layouts
Both TurboTax 2013 and TaxBrain are better than getting the paperwork yourself because they are much easier to understand. They were created with very basic structures. Instead of having to figure out what to input, you are generally asked a series of questions. As long as you answer them, your information will then be copied over to the forms for the government. You do not need to have any experience, and you certainly do not need a degree in tax law.

Saving as You Go
Another benefit of TurboTax 2013 or TaxBrain is that you can save your progress as you go. If you want to start your taxes tonight, you do not have to finish them tonight. You can simply save what you have done to your account. The next time that you log on, all of your information will still be intact. You could even work on the taxes for just fifteen minutes a day, breaking the whole process up so that it is not nearly so overwhelming. Furthermore, this protects all of the time that you have put in if your computer crashes, as long as you save periodically while you work.

Filing for Free
Finally, the major benefit of a program like TurboTax 2013 or TaxBrain is that you can electronically file all of your paperwork with the government. In many cases, this is entirely free. It does not even cost you the postage that it would take to mail the documents in if you had printed them off and filled them out. Furthermore, electronic filing is incredibly fast, so you can get your return as soon as possible. This is one of the most secure ways to send in the paperwork, and you never have to worry about all of the documents getting lost in transit.

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Canadian Income Tax Filing Made Easy

Posted on February 7, 2013 by Steve Patterson

Canadian Income Tax Filing Made Easy

In recent years, the Canada Revenue Agency (CRA) has been expanding the methods available for you to file your income taxes. As the digital revolution continues, the agency has focused much of its energy on developing online filing methods. However, traditional means are still available to facilitate your Canada income tax filing.

Online

Accountants’ Office (Photo credit: RobW_)

The CRA has established NETFILE as an online option for filing your Canadian tax return. The CRA has certified the commercial software and the Web application of the program. Also, there exists a number of free software applications for use with NETFILE.

Digital Service Provider

You may employ a service provider to submit your taxes online with the EFILE program to prepare you return. After completing your return, take your forms to a digital service provider to file online for free. This digital platform traditionally results in your return being processed quickly.

Mail

Regardless of the nature of your return, every tax filer in Canada has the option of submitting his or her return by post. Simply complete the required forms, and place them in the mail for the cost of a stamp.

Professional Accountant

If your taxes are complex, if you own a business, or you just don’t feel confident about completing your income tax returns on your own, you may hire an accountant to prepare your taxes.

Whether you are a small business owner who doesn’t have the time to complete your returns or you like the convenience of the Internet, there is an option for you to successfully file your Canadian tax return.

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2013 Taxes And 2014 Taxes

Free Online Tax Filing Options – TurboTax Canada

Intuit’s Quickbase Decides To Move Headquarters From Current Location