Wednesday, December 20, 2006

IRSHELP

I bet you never thought you would hear the words “free” and “income tax” in the same sentence!
Well, you’re right, there is nothing free about taxes, however there are some free tools on the Internet to help you at tax time.
In the past we waited for the tax kiosks to open and went down with our receipts and W2s wadded up in a box and waited in plastic chairs for our turn to hear “the bad news”. Now, thanks to technology, we can calculate, estimate and file our tax return online in the privacy of our own home, and take our time too.
We can access free online income tax refund calculators anytime throughout the year to keep tabs on the our tax liability status, calculate our taxes before we see the “tax man”, or access a free online income tax calculator at tax time and then also file online.
What are advantages of utilizing technology vs. a “real person?”
Well, you are going to need to gather all of your information regardless, but with the online income tax calculator if you forget something you don’t have to go back home, you simply find the information and then continue. Online income calculators are designed to prompt you through the process quickly and easily.
When you file online, the IRS processes these returns weekly, so if you are expecting a return you can get a direct deposit within one to two weeks. You know if you file the old paper method it can take weeks or months!
You can file your state and federal income tax return at the same time. Inaccuracies are checked by the free on line income tax calculator and errors often prevented at the same time, while you are on line. Did you ever get a form back that you forgot to sign? See what I mean?
What if you have a lot of deductions, several sources of income, or allowable adjustments, can an online calculator or an online filing program handle it?
Absolutely! You name it: capital gains, unemployment compensation, rental income or loss, IRAs, student loan interest, medical saving plans, alimony payments, medical and dental expenses, mortgage interest, charitable contributions, gambling losses, state and local income tax, foreign tax, all of that and more.
An online income tax calculator and an online tax program can do everything your taxman used to do. In the convenience of your home, accurately, and with faster refund returns.
You can use the Free Tax Calculator provided by Turbo Tax Online to calculate your Federal income tax return, refund. You can also find a lot of free tax help, information, and guidance. Prepare & File Your Taxes Online and get all the tax deductions and credits you deserve.