Get Your Refund Early by Filing Your Returns Early: E-filing with TurboTax 2014 to Start on Jan. 2
Now that the IRS has set January 31, 2014 as the commencement date for processing tax returns, taxpayers are urged to start filing early. You can now get free TurboTax 2014 version from www.turbotax.com and start filing your returns from the 2nd day of January, 2014. The sooner you file your taxes, the sooner you will get your tax refund.
Tax Refund Ballerz (Photo credit: bornazombie)
The average American taxpayer claims around 3,000 dollars in tax refunds. Furthermore, 8 in every 10 taxpayers in the country claim a refund every tax season. Intuit is encouraging taxpayers to start filing their returns at the soonest possible time to avoid delays in processing their tax refund.
Since TurboTax will start accepting e-files earlier than the IRS, the company will hold the information safely and forward them to the revenue service in a first-in, first out basis. This will go a long way in ensuring that taxpayer’s refunds are processed and sent back without delays, and it is important to note that the IRS does not anticipate any delays in doing this. The agency expects to perform as it did in the 2013 tax season; where 90 percent of all refunds were made in less than 21 days.
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Between January 1 and the end of the first month of the year, most people will find themselves with a variety of tax forms showing up in the mail. From W-2s to financial aid documents for school, just keeping track of all of the information can be a difficult task in and of itself. It isn’t difficult to understand why people often put off filing their taxes until the very last minute, but the job does not have to be as frustrating as most of us let it become. In fact, a lot of people would probably be pleasantly surprised to find out just how easy and convenient filing taxes can be if they follow a few simple guidelines.
Tips For Filing Taxes
Filing taxes isn’t a fun time for many people. Accountants and people who love numbers might have fun with it at first, but even they get bored with it after awhile. It can be hard to stay focused and file your taxes correctly if you aren’t sure of what you are doing. No one wants to pay someone a fortune to help them with their tax paperwork, either, so it can be hard to figure out where to go. Here are some helpful tips that can get you through this tax season and help you into next season, as well.
-Make sure that you pay all of your back taxes or anything that you owe. It might seem like you can just wait until the money comes around again, but the more returns you file with an outstanding balance, the higher your penalties and interest will go.
-If you use online programs, check and double check them for yourself. If your taxes are too complicated to do manually, use two programs to ensure that they both arrive at the same refund or amount owed. It’s important to make sure that the forms are accurate.
-Don’t file online if you haven’t filed other years of taxes. Your return will get flagged in the system and the IRS actually won’t let you file it if you have outstanding returns. Just print it out, mail it in, and wait.
-Use free file programs when you can. Choose companies that are reputable and that actually have free e-filing. They shouldn’t come up with hidden charges or wait until the end to tell you that it’s only free if you do this or that. Just find what’s free. That’s it.
-If you need tax help, ask now instead of later. Getting ahead of the game can make it easier for you to get back on track. Ask for the help that you need with filing so that you can get your taxes in order and get more out of your returns. There’s no shame in asking for help.
Importance Of Taxes
Make sure that you put these tips to work for filing your taxes this year, no matter what you are dealing with. It’s important to stay on top of things and get the help that you need out of your tax services, no matter what you have in mind. Use the resources that are available because they make taxes much less intimidating and can be helpful in keeping you on track. That’s the least that you deserve when it comes to your taxes, no matter what your situation might be.
The Community Manager of www.MyReviewsNow.net website, Stephanie Frasco, wrote this post about filing taxes.
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.
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.
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.
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.
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.
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.
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.
TurboTax Canada is designed to make filling less of a challenge no matter who you may be. Taxes are typically something that people put off for as long as possible because they do not have the right tools available when it comes to getting the job done quickly. However, this software allows you to complete your taxes in a matter of just a few minutes.
English: Postcard (postmarked 1907) depicting John Bull and Uncle Sam under sign “To Canada” bringing in sacks of money “for investment in Canada” (Photo credit: Wikipedia)
Any person that has ever wished for guidance when it comes to their income taxes in Canada should see what this software has to offer. Since it is built around the understanding that you are entering the filing process without any prior knowledge, it is very easy to get adjusted to without having a professional walk you through. Not everyone has the money needed to go pay someone to put their taxes together, this should not make your life more difficult.
When you file with TurboTax Canada, you do not have to spend your money in order to pay someone for a service you can complete on your own. Having peace of mind when it comes to the fact that your taxes are done correctly is also not something you would be able to rely on when taking them to someone else. Completing your income tax return in Canada online is a simple way to make your life a lot easier.
Since this software is designed in steps that are easy to understand, you do not have to worry about getting lost. If saving money on your taxes is something you are thinking about, you need the best software on the market today. TurboTax can help you to find more deductions, this means more of your hard earned money stays where it belongs. Make your life a lot easier through turning to this software to complete your taxes quickly and without headaches.