Filing
Tax season is almost here! Do you know which software to use or which version of your favorite package to choose from? We have reviewed the most popula tax preparation software to help you decide which one is better for you.
October, 2024
As tax season approaches, misinformation and myths about taxes abound. These misconceptions can lead to costly mistakes or missed opportunities. Let’s debunk some of the most common tax myths to help you navigate your finances more confidently.
Myth 1: "Filing for an Extension Means Payin…
October, 2024
AI is stepping into realms we never thought possible, even tackling the daunting task of taxes. But can it really handle the complexities of tax codes, deductions, and exemptions on its own?
The truth is that AI and machine learning technologies are evolving at a breathtaking pace. They're desig…
October, 2024
As a freelancer, understanding when to pay self-employment tax is crucial for staying compliant and avoiding penalties. Here’s a detailed guide to help you navigate this aspect of your business:
What is Self-Employment Tax: This tax covers Social Security and Medicare, which are typically withhe…
July, 2024
With the advent of AI tools, navigating the complexity of tax preparation is getting easier. Current AI options for tax advice and filing are delivering efficiency and accuracy, changing the way individuals and businesses approach their tax obligations.
1. TurboTax AI Assistants: TurboTax utiliz…
October, 2024
If you are considering preparing your own federal and state taxes next tax season, in lieu of hiring a CPA or tax accountant, you should begin evaluating online tax software as you start to organize your personal tax information and your records from your bookkeeper or bookkeeping service. Tax prepa…
October, 2024
The fiscal year is coming to an end and everyone is starting to think about filing their taxes. There are few simple tips which can help you make the most of it.
First of all, lets take a look at the changes in your life. If you got married during the year, you can adjust your withholding number fo…
October, 2024
Overview
Not only is TurboTax 2014 the most user-friendly tax software available on the market, it's also the most diverse, with personalized software that comes in many variants, for those who use the simple EZ return or process complex business tax forms. There are couple of different options for…
October, 2024
Overview
It’s that time of year again. Looking for a quick and easy way to prepare and submit taxes? Prefer to avoid the headache and hassle of staying up to date on all the changes to tax law? Look no further than H&R Block At Home’s tax preparation software, formerly known as TaxCut.
Whet…
October, 2024
The Registered Tax Return Preparer (RTRP) and the Preparer Tax Identification Number (PTIN) are important components for tax professionals in the USA.
RTRP: The IRS established this designation to ensure that tax preparers meet minimum competency requirements. RTRPs must pass a competency test, u…
September, 2016
As the end of the year approaches, there are steps you should begin taking to make the tax season a little less stressful for you and your accountant or bookkeeper. These steps can not only make it easier on your tax preparation services, they can help reduce your tax liability. Whether you pay indi…