Filing Taxes?

1 Answer

Answer :

Tax time is upon us again, so you should start thinking about filing those taxes and getting your money back, or paying that tax before the April 17th deadline. What are some ways you can file your taxes and how can you make sure they are being done correctly?Software Is Your FriendUsing tax software to file your taxes is going to give you a leg up this year. Not only are you going to make no mistakes with your calculations, but you are going to know that everything you need to fill out has been completed. Your tax program will alert you to any incomplete boxes or anything that might seem inaccurate with your return. Avoiding mistakes now can save you a lot of time in the future.Do You Need An AccountantShould you hire an accountant to do your taxes? That really depends on what kind of return you have. If you have a 1040EZ to file with just the standard deductions, you have no need for an accountant. However, if you have a business, you might want to consider this as a safeguard against a potential audit.What Are My Odds Of Being AuditedYou have a 1 percent chance, on average, of being audited. Chances of getting an audit increase if you claim a business loss, home office deduction or do not claim all of your income. However, if you are honest with your tax return, you are going to be OK when it comes to filing without issue. The IRS has 3 years to audit your tax returns, so you should keep records for that long after filing.Don't sweat your taxes too much. For those that owe money, there is a lot of time to pay that debt down, and the IRS is going to allow you to negotiate a payment if you are really in distress. Get your tax software, fill out your tax information properly and you should have nothing to worry about this tax season.

Related questions

Description : What service should I use for filing taxes? (first timer)

Last Answer : answer:With as simple a return as you appear to have, that is, with no mortgage or student loan or other deductible interest (is student loan interest even tax deductible?) and no other extraordinary income or ... - not one iota - for your cat. But I hope you enjoy its company. See, I care!

Description : Do you think more people are filing their own taxes this year?

Last Answer : My taxes are kind’a complicated, so I use a tax service. Plus, just in case I am audited, I want someone with a suit and tie by my side who can answer the questions.

Description : Did you know that the general deadline for filing your income taxes this year is April 18, 2011?

Last Answer : I did my taxes early. Thank goodnessss.

Description : My check and check stubs showed my employer was taking out witholdings but upon filing my taxes I found she never sent them in and now I have no job and am on ss, what can I do/?

Last Answer : Interesting question. Are they holding you responsible for your employers non-action? I would certainly hope not. They should go after the employer, I would think, but I do not know tax law. Good luck. See ya….Gary/wtf

Description : my wife has a catastrophic illness and has to draw upon her IRA. How will this affect our taxes filing jointly

Last Answer : You may be safe from paying a tax. People may need to tap into their individual retirement account before turning age fifty-nine and a half. Withdrawing money before that age subjects the funds to an ... Read more: http://taxes.about.com/b/2008/09/22/taking-early-distributions-from-an-ira.htm

Description : My ex wife owe over $20,000.00 in back taxes. Years owed 95,98,99, and 2000.I recently filed this missing years and now have a fairly accurate assessment of what we owe. Unable to pay without filing Chapter 7 or 13.Income is stretched to the limit. ?

Last Answer : If she is your ex-wife, you probably aren't liable for her back taxes. Usually, your legal separation agreement will stipulate that you are each responsible for your own taxes. If so, I would think you're off the hook for this.

Description : My brother is thinking of filing bankruptcy. If he filed for bankruptcy would this also take care of the back taxes he owes on his property?

Last Answer : It depends on a number of circumstances; often it isn't possible to discharge back taxes in bankruptcy, but it is in some cases if the back taxes are over 3 years old.

Description : What is the recommended taxes software online which I can use for preparation and taxes e-filing?

Last Answer : The IRS will actually allow you to efile for free online without any additional software. This is ideal for people who don't have a lot of deductions and are looking for a straightforward method. For more complicated filings, TurboTax and H&R Block's efiling software both get solid reviews.

Description : I want to file my taxes on my computer this year. Is there any tax filing software for free Or hardly any cost?

Last Answer : You can file your own taxes online using H&R Block's software, TurboTax's software and man others and save over $100-$200 on your tax returns. Prices may vary upon the required tax documents

Description : Where can I find free advice on filing my taxes?

Last Answer : An IRA investment calculator is to determine the rate of return you need to generate on your savings in order to meet your retirement goals. http://www.your-roth-ira.com/roth-ira-investment-calculator.html

Description : Does e filing my taxes have a extension?

Last Answer : Yes, you can have an extension on your e file taxes. Here is where you can find all of the forms and info you need to do it.www.irs.gov/pub/irs-pdf/f4868.pdf"

Description : Does starting a new business help you with your tax refund when filing taxes.?

Last Answer : My best suggestion is to inform yourself with information from different resources concerning what starting a new business will do for your taxes. But to directly answer your question then yes, it will ... small business owner. Here is their website to learn about it. www.irs.gov/businesses/small/

Description : Client filing for bankruptcy?

Last Answer : At some point you will need to file a claim against the company (to the bankruptcy trustee, once they are appointed). You'll wait and wait and wait. There's a hierarchy of who gets paid first ( ... they are filing bankruptcy and when it is possible for you to file a claim. read this Good luck.

Description : When filing your tax returns, can you designate a certain amount of your return to go to a second party, such as a lender?

Last Answer : answer:There are tax preparers that will give you a “tax refund” loan. But they will charge you a lot for the privilege of a short term loan. And you have to get your return done by them. Check with H&R Block if you can have it electronically deposited at a third party.

Description : Moved by the number of jellies filing past to send their wishes off, may I ask if some of our old friends will stay on?

Last Answer : I’m canceling my Internet and cable to save money on October 21st. I will still have my Rodgers account but it only has a half gig of data per month so I won’t be on as much.

Description : What to choose if option for my separation from work isn't available filing for unemployment?

Last Answer : answer:“I was laid off due to my position being eliminated” = Lack of Work P.S. You are allowed to ask the unemployment person.

Description : Counter Filing Harrasment Charges?

Last Answer : answer:In the United States you’d file it at the same place as the complaint against you. If work related, at our Human Resources. If at school with the school administration. You can file at any time. If nothing has been filed against you, go ahead and file a charge.

Description : What will happen to San Bernardino upon filing for bankruptcy?

Last Answer : Bankruptcy would mean that the city can stop servicing its debt and can focus on paying for services. The city has already laid off some 20 percent of its workforce and cut salaries. It is a wakeup call and a lesson for all of the US.

Description : Is it worth going through the process of filing a complaint with a debt collection agency that has my number for no known reason and keeps calling me? Or is it a waste of time?

Last Answer : answer:The next time they call, tell them that the person they are trying to reach doesn't live there and if they call again you will be filing charges against them with a lawyer (even if the ... violation of them. If you tell them and they continue you would have a legitimate case for a lawsuit.

Description : I found out my soon-to-be ex-husband's married girlfriend lied about filing for divorce. Should I tell him?

Last Answer : No, don’t tell him. He either already knows, since he hasn’t moved in with her, or will find out eventually. If he finds out on his own, he can’t blame you for being the “bearer of bad news”. Welcome to Fluther and good luck.

Description : What is your easy filing system for store receipts?

Last Answer : Easy…... the shredder system…. insert, buzz, gone. :-/

Description : What do you think about the Department of Justice filing an anti-trust suit against AT&T, so it doesn't become too big when it merges with T-Mobile?

Last Answer : Both companies are huge as it is. If they merge, there will only be two mobile providers of any size in the US (Sprint barely counts).

Description : American Airlines may be filing for bankruptcy. My dad is a pilot for them. What does this mean for me?

Last Answer : Chances are that they are filing operating bankruptcy (Chapter 11) which means that they are reorganizing their debt structure while under the bankruptcy court’s protection, which is unlikely to mean any changes in staffing. Your dad’s job should be safe for now.

Description : Filing a loss this year, am I prepared for an audit?

Last Answer : Find a CPA this year. Be prepared for an audit, your idea of froo-froo may not line up with auditors. Also a single year loss of a new business is a RED flag.

Description : When metal is scratched does a small metal filing occur or a dent?

Last Answer : Depends on what caused the mar.

Description : Tips/tricks on saving/filing more efficiently using Windows 7?

Last Answer : Investigate the Libraries. They are quite useful for organizing scattered files.

Description : Hospital did not submit claim to insurance until after the filing limit. Am I responsible?

Last Answer : You should seek professional legal help with this question.

Description : Is there any symbolic signficance to GM filing for bankruptcy?

Last Answer : GM is already out of bankruptcy.

Description : Filing a dispute with an Ebayer?

Last Answer : I hope you get satisfaction on your complaint, but my general advice is to stay away from eBay. I strongly feel that it is very biased toward the sellers, and does not police itself adequately against fraud. The Property Room is very interesting: Police auction of stolen and confiscated items!

Description : Sirius / XM is filing for bankruptcy. Will we loose satellite radio?

Last Answer : psst, it’s lose!

Description : Anyone have any experience with filing insurance with USPS?

Last Answer : As the receiver of the package, you won’t be able to obtain the value from the post office. Insurance is only paid to the sender, and he/she needs to fill out a paper in order to make the claim.

Description : How would one go about filing a complaint against a coworker who has been physically violent towards and is now harassing him or her?

Last Answer : Call the police and get a restraining order?

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Last Answer : yea, I think so

Last Answer : Income tax return is the means of presenting a brief statement of the taxpayer's annual income to the income tax authority . Taxpayer's annual income-expenditure and assets and liability ... the stipulated time , the concerned taxpayer will be penalized by the Deputy Commissioner of Taxes.

Last Answer : : At present there are two methods of filing income tax returns , namely- (1) general method and (2) universal self-assessment method.

Description : Is there any penalty at all for this?

Last Answer : Yes! There is a HUF 500,000 penalty if you do not submit it, or if you submit it after the penalty has been imposed, you will still have to pay!

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Last Answer : Need Answer

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Last Answer : Iron fillings can be extracted with a magnet.

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Last Answer : One year from the date of service.

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Last Answer : Feel Free to Answer

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Last Answer : Feel Free to Answer

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Last Answer : Feel Free to Answer

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Last Answer : What is the answer ?

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Last Answer : You need to call the college.

Description : What are the advantages of chronological filing?

Last Answer : Takes less time to locate records when dates are known