Category Archives: TaxBrain

The Benefits Of Filing Your Taxes With TurboTax 2013 Or TaxBrain

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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

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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Gear Up To File Your Canadian Income Tax

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Gear Up To File Your Canadian Income Tax

There are several fundamental principles that need to be considered while filing for Canada’s income tax. Does your Canadian income tax package contains complete information and all the relevant documents that are required to file for income taxes in Canada? Significantly, the tax payee must keep in mind the deadlines for filing a Canadian tax return. In case, if you are obliged to pay taxes on your income and you file a Canadian tax return after the deadline then you will be penalized as per the Canada Revenue Agency rules.

English: Northwest corner of the Connaught Bui...

English: Northwest corner of the Connaught Building located at 525 MacKenzie Avenue in Ottawa, Canada. The building is now the headquarters of the Canada Revenue Agency. Français : L’angle nord-ouest du Connaught Building, situé au 525 MacKenzie Avenue à Ottawa, Canada. Le bâtiment est le siège de la Canada Revenue Agency. (Photo credit: Wikipedia)

Points to be considered while filing your Canadian tax return

• You must provide your Social Insurance Number when you file  your Canadian tax.
• You must provide your tax information slips to give the information to the Canada Revenue Agency about your earnings and the amount of deducted tax.
• Also you must have tax deduction receipts to provide relevant information about the tax deducted from your income.

These are the key points that will help you to file a Canadian tax return with no shortcomings.

Moreover you can file your Canada income tax online. Though the Canadian income tax filing procedure via phone has been ceased, you can still file your taxes via mail or by employing someone. Besides, if you file online then you have the option to make alterations too. If you owe your taxes to the CRA then it is advisable as well as crucial to arrive at a tax services office as soon as possible for better assistance.

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Taxbrain- Estimate Tax Refund Easily

Taxbrain- Estimate Tax Refund Easily

The Taxbrain is one of the online preparation software programs that help you prepare your income tax return for a very modest fee. It usually starts at a cost of $14.95 and reach maximum of $69.95. If you want to file a state income tax return, usually the fee is around $29.95, regardless of the state.

Brains Not Taxes

Brains Not Taxes (Photo credit: charlesfettinger)

The Taxbrain is different than many other popular software programs in a way that they collect the data. There are data screens to be filled out. Due to this, it is taken as one of the fastest and easiest tax filing which does not involve many deductions. The only complaint from previous users about this style is that every page that opens up in this form should be completed before any corrections are made on any earlier filled out page.

The programmer’s approach was to make filling up the forms easier. This was achieved, but then checks are not as systematic as various other tax software programs, and also there isn’t any kind tax assistance provided with this package. For computer users who do not wish to download the software to their system, this one is for you. This one is completely a web based process. You are simply required to register to set up your account.

For an additional fee of $19.95, Taxbrain sends you a hard copy of the tax return. The company also keeps the return on file electronically for about 5 years, for additional fee of $9.95. You can have audit assistance as well for $34.95. The Taxbrain software service can help you finish your return and send it across in minimum of 15 minutes, while the average time is of 40 minutes.

Before finalizing or making any legal or tax related decisions, it is important that you consult tax accountant or a professional lawyer.

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