The Tax Preparation Blog

Archive for the ‘Free Tax Services’ Category

Question: What is the best program for online US tax (free or otherwise) filing when I have foreign income?

This is the first year that I am filing taxes where I have income earned in the US and in Canada. I need to report both on my US taxes. I have tried to use the HR Block free online version, but it didn’t even support the Foreign Income Tax Credit form nor was there any help available for some of the undeciperable questions it was asking me.

Has anyone found an online tax filing program that makes this process easy? I’d even be willing to pay if the service can make this process simpler.

Answer: You can convert the tax cut to a signature return. A preparer wil then check and make any corrections that are needed. They can also complete any forms needed for the foreign income. Your tax return is a little to complicated to try and complete yourself.

Christine EA Master Tax Advisor

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.

http://www.hrblock.com/tax_professionals/christine_wilkins.html

‘No MOre Trash’ contest open

Muppet character Oscar the Grouch aside, most people don’t care for trash, especially when it’s tossed into their yards or on the side of the road.

How to File Your Tax Return for Free – Free Tax Filing

Question: i need free Online Tax Transcripts?

Answer: “Order Copies or Transcripts of Tax Returns

Copies or transcripts of filed and processed tax returns can help you begin to reconstruct tax records destroyed by Hurricane Katrina.

The IRS will waive the usual fees and expedite requests for copies of tax returns for people who need them to apply for benefits or to file amended returns claiming disaster-related losses.
To request a copy of your tax returns:

Complete Form 4506, Request for Copy of Tax Return (PDF 66KB, 2 pages)
Complete the form online and print it.

Write the words “Hurricane Katrina” in red at the top of the form.

Mail the Form 4506 to the IRS address listed on the form for your area.

Copies of Forms 1040, 1040A, and 1040EZ are generally available for 7 years from the filing date. Other returns may be available for a longer period of time.

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To request transcripts of your tax returns:

Complete Form 4506-T, Request for Transcript of Tax Return (PDF 62KB, 2 pages)
Complete the form online and print it.

Write the words “Hurricane Katrina” in red at the top of the form.

Mail the Form 4506-T to the IRS address listed on the form for your area.

Use Form 4506-T to order a transcript or other return information, which includes a:

Return Transcript, includes most of the line items of a tax return as filed with the IRS. Transcripts are only available for the following returns: Form 1040 series, Form 1065, Form 1120, Form 1120A, Form 1120H, Form 1120L, and Form 1120S.
Account Transcript, contains information on the financial status of the account, such as payments made on the account, penalty assessments, and adjustments made by you or the IRS after the return was filed. Return information is limited to items such as tax liability and estimated tax payments. Account transcripts are available for most returns.
Record of Account, is a combination of line item information and later adjustments to the account. Available for the current year and three prior tax years.
Form W-2, Form 1099 series, Form 1098 series, or Form 5498 series transcript. The IRS can provide a transcript that includes data from these information returns. State or local information is not included with the Form W-2 information. The IRS may be able to provide this transcript information for up to 10 years. Information for the current year is generally not available until the year after it is filed with the IRS. For example, W-2 information for 2003, filed in 2004, will not be available from the IRS until 2005.”

Community Calendar

Submissions for Community Calendar are required 14 days preceding the date of publication. Send to: Niles Managing Editor, Pioneer Press, 3701 W. Lake Ave., Glenview IL 60026. Information may be faxed to (847) 486-7495 or e-mailed to mbottari@pioneerlocal.com.

Importance of Business Accounting

Question: Yigal Mesika Loops? Cheap or free purchase or how to make with home materials?

Well my friend has been scamming me for a very long time he ordered them for me online 1 month ago and still has not givin em to me even though he has them at his home. supposedly. so i said give me my money back so he said tomorrow but he hasnt given it to me. so he is scamming me majorly. i even beat him up almost. but so is there a place online where you can order the loops with quick shipping and including tax and shipping, under about 7 or 8 dollars? if not possible jus send me the link to the cheapest site youve seen for it. or if it is possible, can you tell me how to make the Yigal Mesika loops with homemade materials? OR EVEN IS THERE A PLACE TO GET THEM FREE????? i need these really bad within about 4 days.Thank you soooooooooooooo much.

PS. Maximum days of shipping is one week.

Answer: i don’t know

Censored

For 31 yearsProjectCensoredhas beencompiling a list of the major stories that the nation’s news media have ignored, misreported, or poorly covered.

FREE QuickTax Student Online Edition- Designed for Canadian University and College Students

Question: Can I file my 2004 tax return (and hopefully recieve a refund) online for free?Anywhere?

Answer: go to http://www.irs.gov
They can direct you to free filing sites.

Grand Blanc attorney pleads guilty to tax charge

DETROIT (AP) — A Flint-area attorney has pleaded guilty to charges of failing to file employment tax returns.

Tax Return – Online Income Tax Return With e-file

Question: I sold a md st municipal bond fd-tax free state and federal.I received a 1099 B. How do I figure cost basis?

Answer: Call your broker office. Most can get you your cost basis fairly quick.

On your 1099-B, check to make sure the amount it lists as proceeds is the net. Most list it that way to where you won’t have to net your investment expenses, etc. as costs of the sell that will go against the proceeds.

• Lutheran Services for Aging completes financing deal

Salisbury-based Lutheran Services for the Aging has completed a massive long-term financing package with BB&T Financial. The $27 million bank-qualified tax-exempt package is one of the first in the state made possible through the American Recovery …

STATE OF THE UNION ‘08: Bush on Housing