Eon Kuman

Every year you need to file your taxes. Whether you are a business owner or you simply work as a corporate employee, you need to file your taxes at the end of the season for the income earned in the previous year. To estimate your tax return it might be a difficult task but with automated software the task of calculating your tax has become much easier. Previously you had to run after government authorities to help you out with your tax return but now with tax return software you can easily estimate it yourself.


Tax accounting software is based upon accounting, tax and computer basics so anyone can operate it without any difficulty. You can now easily formulate your net income, reductions and any tax refund that you are liable for. Find out what your refund will be with the latest software to absolve yourself of all responsibilities. Now, with the software, you do not need to worry about your tax debts or any back taxes. With the tax software you would be able to track your previous year taxes and easily chart your taxes for the current year.

Self tax software makes it easy for any layman to understand the basics of tax filing and you can save a lot of money and time with the help of this software. Now you can estimate your refund without any intrusion of outsider and you do not need to pay the huge consulting charges of the tax attorneys.

The software helps you to estimate your return as it is equipped with the latest rates and rules. The software would easily calculate your returns and would also advice you about your deductions. Estimate with this software as it would also give you advice about how to increase your savings. Your investments and savings are a very important part of your life so you must get hold of this software immediately.

Lastly, you can use the software to estimate your return as it has all the features that is essential for solving your tax related issues. Efficient, fast and less time consuming, the tax return software has all the right characteristics to make it the best option for you to file your taxes. You would never regret this choice. You can try the tax return software from any software company and even download the software if necessary to estimate your tax return easily.


Author by: Elijah James

Tax rebate check or economic stimulus check can be a wonderful thing to receive, especially when it is unexpected. This stimulus may help you a lot by cutting down your income tax by a substantial amount. Over the years there have been several income tax changes which have induced the income tax rebate for the benefit of the taxpayers.

The economic stimulus check pays you over a period of several weeks by sending you checks on different dates according to the last two digits of your social security number. If you had paid electronically then the amount would straight away get deposited in your bank account that you had utilized to pay or deposit the tax. If you had submitted you tax via mail then your tax rebate would be paid to you via the regular U.S. mail and not by any other method. However, if you are yet to pay your taxes then you would have to wait for your rebate check until the day you file your taxes.


The general rate of tax rebate is $600 for individual taxpayer and $1200 for every married couples filing jointly, however, there is no guarantee that you would receive the stimulus check. Several factors such as back taxes owed or unpaid student loans may turn off the rebate and you may suffer if you have back taxes that you need to pay as soon as possible. You must clear all your dues to claim the economic stimulus check.

You must be aware of phishing scams that are set out through various websites to lure you to reveal your personal and banking information. There are many sites that may want you to fill out forms claiming they would give you your check. However, you must always avoid such mails and never reveal your personal and banking information to these websites. You can also use antivirus and anti-phishing software that would protect you from these cheating sites.

All in all to be granted a rebate you must be aware of your choices. Never accept any invitation from unknown sites. Keep your banking information to yourself then you would get a chance to claim the check. The official IRS website may guide you further if you have problems but you must concentrate on your paying your taxes o time to avail the economic stimulus check. This economic stimulus would give you a boost to save your future and move ahead in life.


Author by: Elijah James

For all those in need of tax relief and tax help, there is tax firm that can help you get out of your debts and cut down your taxes by a substantial amount. Ever since the global meltdown several Americans resorted to not paying their taxes, today they face serious charges and need help from these lawyers to guide them out of the mess. With numerous firms vying for attention, it is high time that someone took note of them and differentiated one from another. A firm who specialises in tax law can be either a simple firm or a CPA firm or it may even be a hybrid firm.

A simple firm is made up of only lawyers and though there might be paralegals working as assistants in the company but the ultimate power to practice resides in the law attorneys and they are the ones who actually handle the cases for the company. All tax attorneys working in a firm has to abide by the ethics rule and may represent any client in any case in the state where they are practicing or in the federal court.


A CPA firm is a group which generally employs accountants but it may employ attorneys too. These certified accountants chalk out your tax information and help you out in reducing your taxes. Though the environment in a CPA firm is similar to a law firm, yet these firms are less expensive compared to the simple law firms.

A hybrid firm is a tax law firm which is neither a simple firm nor a CPA. They generally employ several professionals ranging from tax attorneys to CPAs, tax professionals, accountants and even enrolled agents. The enrolled agents are certified by IRS to practice before them and it would cost you far less if you consult a hybrid law firm.

They are a serious component of our society and it helps you tremendously by letting you know about several tax relief programs. You must choose wisely a firm that best suits your needs. A hybrid firm may cost less but it is highly unregulated so you must decide whether you want the professionalism of a law firm or you want the simplicity of a hybrid firm. The CPA firm is similar to a law firm but ultimately it is your choice and your needs that would decide which tax law firm best fits your needs.


Author by: Elijah James

Not everyone may actually know about how a tax refund works, but everyone would surely want to receive a tax refund. A tax refund is a refund returned by the government for overpayment of taxes. When the tax you owe is less than what you paid for, you get a refund. So how do you get the refund fast?

A tax refund is processed after you have filed the tax return. You can acquire the forms or print them out. Send your completed tax return by mail to the IRS. This is the conventional way of filing your tax return. If you are expecting a refund, you have to wait for more than a couple of weeks to receive the check by mail.


Nowadays, with good use of the Internet, you can file a tax return online. You can get a filing program, which asks you the questions and places your answers onto the correct form. As the values are entered, it automatically calculates the total tax. After you have completed the steps, the form is submitted electronically. If you want a step-by-step guide to filing your tax return, you can choose this method. It also comes with automatic validation to ensure accuracy. Another way is to fill out an electronic tax form, without the program. Prepare the tax return, make the necessary calculations, and enter the values as you would on a paper form.

Whether you get the program or fill out an electronic form directly, you can choose to receive the tax refund by mail or have it deposited to your bank account. Waiting the check to arrive in this case is faster than if you filed by mail. But expect to get it sooner when you get the refund by direct deposit to your bank account. This is the fastest way of filing your return and receiving the much awaited refund from your tax return. Technology has made this process easy for us. Take advantage of the tools available online.

Whatever method you choose, prepare the values and calculations as early as possible. Go over them to make sure that they are accurate. Errors and mistakes will only prolong the process and delay your refund. Aside from filing your tax return, do not forget to update your address on the IRS file. This is where the check refund will be mailed to. When you want to receive a direct deposit, you have to double check the bank details before submitting the form. These are some pointers to remember when filing your taxes. The sooner you file your tax, the sooner you get a refund.


Author by: Elijah James

One thing that should keep you motivated while preparing your tax return is the allowable tax deductions. If you know about the items that can qualify for a deduction, you can actually save money by avoiding overpayment of your taxes. While filing your tax return, do not forget to report the expenses for your tax deductions. They are claimed in the year when the expenses are incurred and paid for.

Standard deductions are the easiest to claim because you only have to select your filing status. Just get the figure that applies to your status, such as single or married, and you are done. Other factors for tax deductions are if you are 65 or older and have a disability.

Another option is to itemize your deductions. If you have incurred allowable deductions that exceed the amount of a standard deduction, you can choose this option. In general, here are some items considered as allowable tax deductions:

• Property and real estate tax
• Medical and dental expenses
• Expenses on mortgage and investment interest
• Casualty losses
• Charitable contributions

These items are of course subject to limitations, which you should review if you think you are applicable. For instance, medications bought over the counter are not allowable. If you are married and your spouse applies separately for itemized deductions, you should also choose itemized deductions. You can check other expenses that can be included in your claim for such deductions. Some particular items can be added onto both your standard and itemized deductions, such payment for student loan interest, alimony, and clothing and equipment required for work.

Make yourself aware of them because this combination of big and small items can actually result to a significant amount of savings for you. These are a few tips and guidelines that should help you as you file your tax return. After all, there is no way you can do away with taxes and it is something you do each year. So there are savings that you can look forward to each year as well.

You are not expected to learn everything about the taxation system. You would want to retain as much of your hard earned income, so you might as well take the time to know at least the basics. In particular, learn about the factors that can give you more savings, such as certain deductions or expenses you have incurred throughout the year. Information is available over the Internet, which you can refer to from time to time. Knowing a few things here and there can help you along the way.


Author by: Elijah James

A federal tax form is a term widely used yet confusing in terms of specification. Literally it means the IRS tax forms used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS) of the United States. They are used to report income and calculate taxes to be paid to the federal government of the United States. It is important to know which form a taxpayer should use in order to pay for his taxes. A mistake in the use of a form could be fatal to a person's business or any organization specifically when you are logging behind the deadline. It means you must fill up another form and mail or email it again to which you could be penalized for late submission of tax returns.

Federal tax forms come under different titles:

1. IRS document 990 with title "Return of Organization Exempt from Income Tax" is the form that will be used by tax exempt and nonprofit organizations to provide the Internal Revenue Service with their financial information. It furnishes the public with the financial information regarding a certain organization which is exempt from tax. Disclosure of such information is the measure used by the government to prevent abuse from these organizations that are exempt from taxes.

2. Document 1040 with title "U.S. Individual Income Tax Return" was the first tax form used for personal or individual income tax return. It was used in the tax years 1913, 1914, and 1915. But in 1916 Form 1040 was changed to an annual form. This form has two other variants namely; Form 1040A referred to as the short form and Form 1040EZ as the easy form.

3. Document 1040A which is the shorter version for Form 1040 reflects the computation of taxpayers with taxable income below $100,000. Only a standard deduction will be computed for these taxpayers.

4. Document 1040EZ entitled " Income Tax Return for Single and Joint Filers with No Dependents"

5. Documents 1040NR and 1040NR-EZ are used by nonresident aliens in filing their income tax returns.

6. Forms 1040X entitled "Amended U.S. Individual Tax Return" is the form used to make corrections for Forms 1040, 1040A, 1040EZ which have been successfully filed but have incurred errors.

7. Form 1041 is the form to be filled up for estate and trust tax returns.

8. Form 1065 is the form to be filled up partnerships for tax returns.

9. Form 1098 is the form used to report various types of income aside from wages.

I could list all of the documents and this article can proceed to the next page. However it is not important to be all knowing of this forms. What's important is you know what specific form fits your income status so you can voluntarily exercise what is expected of a good citizen. In the traditional way of filing taxes these documents are quite confusing in context. However with the trend of online technologies these forms have been simplified in a manner which will be easier to fill out and comprehend.


Author by: Elijah James

My grandfather is a bookkeeper. He prepares taxes for other individuals. May it be an individual income tax or for a business organization. However the repetitive procedures never slacken the pace and the amount of work he needs to undertake every deadline that needs to be met. It is getting worst every year. The endless information's and calculations that needs to be filled out can be stressful to anybody who is doing a one man show for quite a number of clients. With access to a free electronic filing he was able to process and comply with his client's financial obligation towards the state at a price which is not depreciated by exhausting procedures.

Free income tax filing is now made available through the initiation of IRS itself. With the help of some volunteers around the country you can easily prepare your tax returns as well. To eradicate the voluminous amount of paper to process IRS has partnered with several sites to provide free income tax filing. The two most prominent organizations which cater to this service are the IRS Volunteer Income Tax Assistance Program (VITA) and the Tax Counseling for the Elderly (TCE).

The VITA program supports to help low to moderate income individuals ($49,000 and below), people who are incapable of preparing their own tax returns. Authorized volunteers from various organizations are fully trained to prepare basic tax returns. These volunteers can be found in neighborhood centers like libraries, schools, department stores and other significant locations. Most of these locations offer free income tax filing online.

Another well recognized organization is the Tax Counseling for the Elderly (TCE) which offers free tax help for the elderly. Most volunteers of this group are retirees from non-profit organizations who receive grants from IRS. And one more prominent organization that sprang from the military is the Armed Forces Tax Council (AFTC) who serves as conduit of IRS for the military personnel and their families. They receive free tax preparations at the offices where they are strategically assigned. They can also avail of this service if they earn a specific Annual Gross Income set by IRS and are on active duty.

The Income Revenue Service has basically exerted all efforts to increase and encourage the people to file their returns. By improving the services it provides and making it easily available for the people. It is definitely a bonus affair for every individual who can qualify since IRS has not only extended its impeccable services but has also given the most logical considerations necessary for all tax payers. With the service for the low income level individuals, it is not just a moderate consideration but an encouragement for anybody to fulfill their duties and obligations as a citizen of a specific country. We cannot expect great returns from the government if we cannot turn back the favor by complying with what is duly expected from us.


Author by: Elijah James

The success of every agency be it private or part of the government sector is measured by the efficiency of the services it has rendered towards the public. A sector which not only provides the traditional services that is expected from it but also initiates break through changes that not only improve but inspire cutting edge innovations. The IRS free file had not only gained the applause of the public but had also inspired lawmakers to support programs that really seek to promote progress and service that goes beyond the limits of bureaucratic efficiency.

The IRS with the functions that it seeks to comply has exerted all efforts increase the number of people who will voluntarily file their tax returns. IRS has joined forces with nineteen software companies to help in the tax preparation processes for low to moderate income level families. However despite of the intangible efforts of IRS, many eligible people do not know about the IRS free file yet. Senate recommends that IRS should place high priority of making the availability of this program widely known. It has to further gear up its marketing department so that information about the IRS free file will be fully disseminated. This is basically a program that is for the people. The aim of such noble programs tries to reach out towards those people in the community who finds it very difficult to pay their taxes because of their inadequate financial situations. People who will always choose to forgo and set aside their obligations towards the state. These are the underprivileged, disadvantaged and undeserved portion of the populace. The availability of IRS free file should be extensively explained to the public so that people will understand that IRS as a governing agency not only wishes to fulfill the mandates of its functions but also seeks to reach out and bestow applicable and logical solutions that will best serve them.

Sometimes people hesitate to use it despite of the advantages it serves because of fear for the present technologies. Many people feels intimidated with the fact that the information that they are sending online may not be secure and can be viewed by possible fraudulent personalities. And some are just accustomed to the old ways that they will stick with it regardless of how logical the new trend is.

However, they have already served the end which its agency is aiming to achieve by having a program that best promotes and considers only the best possible solution for all underprivileged tax payers.

Author by: Elijah James

Filing of taxes can be confusing for an average person. Tax laws and provisions change every now and then and it can be difficult to keep track of all these changes. It is mostly for this reason why some people prefer to have their taxes prepared and filed by a professional such as an accountant or a tax preparer. However, you can get a free tax return and avoid extra costs if you know how to prepare and file your taxes properly and with the use of free software that are readily available especially in the IRS website.

Together with a couple of retail tax software company, the IRS created a program called Free File. Since it was introduced to the public in 2003, it helped many Americans prepare and file their taxes online and on time. The program that provides free returns is available for almost all taxpayer in the United States, depending on your income. Generally, the program provides a step-by-step assistance to help you fill out your tax returns except for the income taxes and the state taxes.

The number of services available to you from Free File and other software depends on the type of tax software you are using and some software allows for some state returns, and federal e-filing while some would charge additional fees for these services.

The eligibility requirements for the Free File changes annually and it is not possible to qualify it every year. There is no income requirement if you are only going to use the fill-in form e-file. However, to qualify for e-filing for tax year 2009, you have to have an Adjusted Gross Income (AGI) of no more than $57,000. However, there are some software providers who has their own income requirement which overrides the requirement set by the IRS. Some also have other requirements such as age group, which state you belong to and whether or not you are in the military.

When you go to the IRS website, you will be given the option to choose your preferred Free File Company. Some companies provide services such as free preparation and e-filing and some companies would give you the services for a fee, the same goes for preparation of state taxes and returns. Among the many advantages of using free tax return software is that they are very easy to use and minimizes errors as it checks for accuracy and does the math for you. It asks simple questions and your answers are put in the right forms.

Any person who has an income is required to pay their taxes. There are only three scenarios when it comes to federal tax returns; either you have been charged the correct amount, you overpaid your taxes wherein you can expect a refund, or you underpaid in which you need to pay the difference. They are documents a taxpayer files that declares their income for a particular tax year and the information in the return serve as a basis for his tax liability.

Filing your tax return is supposedly a simple process in concept. You add all your income for a particular tax year and determine whether or not you have been taxed the right amount. However, it can be very frustrating for most people as there are other factors and deductions that also need to be included in the federal tax returns. Such factors include donations to charities, dependents, investments and other sources of income and all other expenses that would qualify for deductions. It is mostly for this reason why most people prefer to have them prepared and filed by a professional - a certified public accountant or a tax preparer. People who have disputes with the Internal Revenue Services or the IRS often seek the assistance of a tax attorney to help them fix their problems with their returns. There are also people who prefer to have their taxes prepared and filed online through specialized tax return software.

It is very important to file it and other returns on time as failing to do so will result in a fine or penalty. This is made easier with the development of the Free File program where taxpayers can fill out their forms and file taxes online through various free tax software. While the program is free to use and is widely available, it has certain requirements where only those who meet the requirements are eligible to file it online. Other than that, the eligibility requirements change year after year so you cannot expect to qualify this year even if you qualified the previous years.

Those who are not eligible will have to send their returns to the IRS before the deadline to avoid being late. You can send your returns through private delivery services such as DHL, FedEx and UPS but it is safer to send your tax returns through USPS. So long as the date of mailing is before the deadline, your tax return will be marked as filed and will not be counted as late.


Author by: Elijah James