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Archive for the ‘Tax Software’ Category

Question: what is the impact of the 2008 stimulus check towards tax filing?

what is the impact of the 2008 stimulus check towards income tax filing? i just did a quick estimator/calculator at HR Block online to see how our income tax file would look like and it says we owed $xxxxx amount to the IRS.. does this mean we are basically paying back the stimulus check back to the IRS ?

Answer: What the tax rebate wasn’t:
The tax rebate payment was not interest, it was not income, it was not a dividend. Pure and simple, the tax rebate payment was an advance credit for tax year 2008 and it will be calculated on your 2008 return when you file.It was an advance credit that you received early; if you’ve already received the full amount to which you’re entitled, you won’t receive any further credit.

Online benefits calculator

– Federal retirement: http://www.opm.gov/retire/tools/calculators/ballpark/menu.asp

Conventional Financing and Good Faith Estimate

Intuit GoPayment and mophie marketplace Offer Complete Credit Card Solution for iPhone

MOUNTAIN VIEW, Calif.—-Small businesses can now get everything they need in one package to quickly start processing credit cards on their iPhone.

Taxes on Short Sale, Loan Modification & Mortgage Foreclosure 2 Nov08 Team Approach, Investments

IRS to register, test tax preparers

The Internal Revenue Service is stepping up its oversight of paid tax preparers, starting with sending warning letters and tax agents — some undercover — to visit 10,000 preparers who send in the most error-riddled returns.

Freeloader Nation MySpace Secret Show with Fall Out Boy

Question: FREE turbotax filing stimulus question?

Alright i know how much i’m looking at getting back and when i prepared my taxes I used turbotax online free edition… as for my DD bracket i fall in the may 9th section… when the return was deposited it was from the IRS so am i looking at DD or a long wait for the paper check?
you guys rock, the whole turbotax, H&R Block, and Jackson Hewwit thing started to confuse me, thank you for your help!

Answer: This is my situation too!! I filed but didn’t pay fees!! It was FREE and my social ends in 42, so I’m hoping that it’s this up coming week!! Nothing on the “Where’s my Stimulus” thing yet though!! CONFUSING!!

** I really wish the IRS could have stuck to what they said all along…if you got DD then you get DD, Paper is Paper!! Not wait until the week it starts to be sent out and then add all these provisions!! I know that alot of people really need this money…after all I don’t consider it “FREE MONEY”!! It’s money to stimulate this economy that has been going down hill….with just gas prices alone!! Not to mention food prices, rent/mortgages…and so forth!! In fact, I don’t think what everyone is getting is going to even stimulate the economy one bit!! It’ll take more than that!! Just figure I share this since I keep on seeing people telling others to “CALM DOWN” or “STOP GRUMBLING”!!

***And just to answer the one below me…I am not whinning!! I’m merely speaking for the people who SHOULD have gotten theirs this past week but have not for whatever reason!! I know all to well that I’m scheduled for next week!! That’s what I said in my first paragraph!! I’m just reading alot of people (like you) who keep telling people who have not gotten their rebates yet who according to the schedule should have…to stop whinning!! THANK YOU!!

Are you getting the most from your tax refund?

With the new year underway, you know one thing looms on the calendar that no one can avoid: tax day. Whether you’re among the lucky who will get money back, or the unfortunate who will owe Uncle Sam, when April 15

Alan Watt: Prophesying Computers – People Freaked as Crisis Tweaked Part 1

Question: Online Tax Filing vs Tax Firm Filing, any difference in refund?

I was just trying to decide which way to proceed with tax filing. I have used either Turbo Tax or H & R Block online software to do my filing for years. This year has been very hard for us, as I am sure it has been with the rest of the board here, and I need all monies owed to us by the government. My question is with a relatively simple filing status: married with children, homeowner, no other income, no stocks or bonds, etc. would a professional tax preparer be able to get me a larger refund? Please unbiased responses only. Thanks

Answer: With a simple tax situation, there is almost no reason to use a tax prep company. It’s wasted money.

The simple fact you can write a well thought out question addressing the situation tells me you are well capable of doing it yourself.

The online or computer based filing programs walk you through all the relevant deductions, paying H&R or someone a few hundred dollars to essentially do that for you is nonsense.

H&R Block total tax season sales disappoint

H&R Block Inc , the largest U.S. tax preparer, posted a 5 percent fall in total returns filed for the latest tax season as it continued to lose market share to rivals.

Liberty Tax | eSmart Tax