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Fast and Easy Tax Preparation Service For Free.
Would you like to Prepare Free Federal Taxes? The best options for filing free Federal tax return are to use Free File program provided by the IRS. It is the fast, simple, and free of charge mode to prepare and e-file your federal taxes online. Suppose your adjusted gross income that means AGI is less than $56,000, you are eligible for this Free File program to your Free Federal Income Taxes.
You do not have to fret much if you do not meet the condition for being capable for Free File program. There are many IRS approved Free Federal Tax Preparation and Tax Return services you can work with. You should visit the IRS website irs.gov to learn about the free tax preparation e-filing services before select one.
One of the necessary things that you should ensure out while choosing a tax preparation service is whether it is IRS approved or not. You should effortlessly prepare and access your income taxes online. You can do your taxes with Free Federal Tax Preparation due to couples of reasons apart from benefitting from Free Federal Tax Preparation online.
You can do your tax return easily with Free Federal Tax Preparation due to its easy-to-use tax software program. The tax program covers the most frequently filed Federal tax forms as well as schedules. You can select, self-prepare income taxes, and e-file your 1040, 1040 A and 1040EZ return. Some tax related questions are asked by the program and you have to put your answers on the right forms. Your federal tax return is prepared easily and quickly and can be submitted electronically to the IRS following the step-by-step procedure. You can avail the advantage of free Federal tax filing online at just some easy clicks.
You can e-file your Federal tax return to the IRS easily with direct deposit feature that will allow you to receive your refunds quickly into your bank account. Online Federal tax filing is not only trouble-free but also can be done anytime - day & night, and anywhere in the world if you have internet access!
Source: a1articles.com
Need a Tax Identification Number? | A Tax Identification Number or TIN is an identifying number used for tax purposes in the United States. It may be assigned by the Social Security Administration or by the IRS.
A business need a Federal Tax Identification Number or Employer Tax Identification Number, so that they can maintain their own image or entity in the market. It is to be noted that, the tax ID number could not be transfer in case of the transferring of any business. If the structure or ownership would be changed then a new tax ID number is required for the business. But above all you have to collect the relevant information to get an EIN.
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| Need a Copy of Past Tax Return? | Taxpayers have two easy and convenient options for getting copies of their federal tax return information — tax return transcripts and tax account transcripts — by phone or by mail.
If you need a photocopy of a previously processed tax return and attachments, complete Form 4506, Request for Copy of Tax Form, and mail it to the IRS address listed on the form for your area. Copies are generally available for the current and past 6 years.
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Labels: Get Copy Of Past Tax Return and Tax ID Number
Online Tax Return Brings Appliance To Your Doorstep Tax return online has done away with the concept of voluminous paperwork, long hours in the line to acquire the forms in the first place and then submit the same to the state or local tax collection agency. The internal revenue service prepares the forms that are then collected by the tax filers, filled and submitted for tax return. As all financial documents like profit and loss statements, balance sheets, trail balances and other financial statements are required to be in perfect order for filing tax return the expertise of a competent accountant is essential for any individual or business filing tax return. Nowadays as all such details and financial records are usually prepared online with the use of specially designed accounting software.
Hence filing Tax Returns online makes it much more convenient as all the documents required are already stored online. Also the process of filing tax return online does not require the cumbersome paperwork which was earlier an essential part of any work related to tax preparation and tax return filing. As the tax season approaches every business and individual starts preparing for the ordeal of getting all their financial records in place and try to hire the best certified public accountant available. The process of filing tax return online has made it possible to locate an accountant through the internet and send him the required documents through the internet itself. Many accounting websites provide the option of filing tax return online and one can simply visit these sites, verify the authenticity of the website and the accountants involved and simply file your tax return online.
Almost every individual and firm is in favor on the process of filing tax return online as it saves much time and effort and enables the individual to concentrate on his core business and utilize these resources in other business areas. Also every firm offering the service of filing tax return online also has the facility of calculating the exact tax amount. Also the fees charged by a firm filing tax return online on your behalf will have nominal charges as compared to the amount which would otherwise have to be paid to the in-house staff. Hence, filing tax return online works out to be a convenient solution for all involved.
Conventional Way for Tax Filing
The easiest and quickest way to file a return and obtain a refund, is to do this electronically--a practice already used by more than half of all taxpayers. The conventional way of Free IRS efile tax has been opposed by online tax filing systems in recent times. Filing online will allow you to get your tax refund in as little as 10 days. The process of filing taxes online is simple and trouble free. The customer first prepares his tax papers personally or approaches professional tax consultants to do so on his behalf. After the tax papers have been prepared they can be effortlessly filed through an IRS e-file provider. Filing can be done online as well, but if an individual is not sure about the mechanics, it is better to seek professional guidance. Usually most tax experts will be licensed IRS e-file providers. The relevant documents are signed and retained by the customer for future reference. The IRS e-file provider then files the returns electronically on the behalf of the customers. Next, the IRS e-file provider sends the customer an acknowledgement mentioning the current status of the filing process.
Online filing eliminates the need for going through tiring steps of rushing to the local IRS offices and post offices and waiting in never ending queues to post the papers before the due date. Office hopping has been completely eliminated. The only thing required is a reliable computer and Internet connection. Mistakes and errors can be corrected online in comparatively less time. Online tax filing has reduced the time gap prior to receiving Income tax refunds and papers can be printed to maintain precise records for future reference. Online tax filing also facilitates tax payments using credit cards. It has reduced back office processing time considerably.
Join the millions of people who have discovered how easy, online tax filing can be. The cost will be much less, your tax forms will get to the IRS with no hand-written errors, and you'll get your tax refund in as little as 10 days.
Military personnel and their families get free tax help!
The military also has a strong Volunteer Income Tax Assistance (VITA) Program. The Armed Forces Tax Council (AFTC) consists of the tax program coordinators for the Army, Air Force, Navy, Marine Corps, and Coast Guard. The AFTC oversees the operation of the military tax programs worldwide, and serves as the main conduit for outreach by the IRS to military personnel and their families.
Marines, airmen, soldiers, sailors, and guardsmen, and their families worldwide receive free tax preparation assistance at offices within their installations. These VITA sites provide free tax advice, tax preparation, and assistance to military members and their families. They are trained and equipped to address military specific tax issues, such as combat zone tax benefits and the effect of the new Earned Income Tax Credit (EITC) guidelines. The military tax programs generated over 332,988 electronic 2005 federal Income Tax Return.
Commanders support the program by detailing service members to prepare returns and by providing space and equipment for tax centers. The IRS supports these efforts by providing tax software and by training service members to prepare taxes at the military sites.
Most service members file their tax returns electronically at their tax centers and, by selecting direct deposit, receive their refunds in as little as one week. This combined effort ensures that service members receive free tax assistance from well-trained and equipped military tax preparers.
Items you need to bring to the VITA/TCE Sites to have your tax returns prepared. - Proof of identification
- Social Security Cards for you, your spouse and dependents and/or a Social Security Number verification letter issued by the Social Security Administration
- Birth dates for you, your spouse and dependents on the tax return
- Current year’s tax package if you received one
- Interest and dividend statements from banks (Forms 1099)
- A copy of last year’s Federal and State returns if available
- Bank Routing Numbers and Account Numbers for Direct Deposit
- Total paid for day care provider and the day care provider's tax identifying number (the provider's Social Security Number or the provider's business Employer Identification Number)
- To file taxes electronically on a married filing joint tax return, both spouses must be present to sign the required forms.
It is extremely important that each person use the correct Social Security Number (SSN). The most accurate information is usually located on your original social security card. Each year hundreds of thousands of returns are delayed in processing or credit/deductions are disallowed because names and Social Security Numbers do not match Social Security Administration records. To prevent processing delays in paper returns and rejected electronically filed returns, volunteers check the accuracy of each Social Security Number, as well as the spelling of the name associated with the number. If you do not have a Social Security Number for you or a dependent you should complete Form SS-5, Social Security Number Application. This form should be submitted to the nearest Social Security Administration Office.
Information for Taxpayers Serving in the Armed Forces
The Internal Revenue Service reminds taxpayers serving in the military to take advantage of all tax exclusions and filing and payment extensions available to them.
Exclusions:
Members of the U.S. Armed Forces who serve in a combat zone or qualified hazardous duty area can exclude certain pay from income. Enlisted personnel, warrant officers and commissioned warrant officers can exclude:
- Active duty pay earned in any month served in a combat zone.
- Imminent danger/hostile fire pay and military pay earned while hospitalized as a result of wounds, disease or injury incurred in the combat zone.
- A reenlistment bonus if the voluntary extension or reenlistment occurs in a month served in combat zone.
- Pay for accrued leave earned in any month served in combat zone. (The Department of Defense must determine that the unused leave was earned during that period.)
- pay received for duties as a member of the Armed Forces in clubs, messes, post and station theaters and other non-appropriated fund activities earned in a month served in a combat zone.
- Awards received for suggestions, inventions or scientific achievements because of a submission made in a month in a combat zone.
A commissioned officer (other than a commissioned warrant officer) may exclude pay according to the rules above, but the amount of the exclusion is limited to the highest rate of enlisted pay (plus imminent danger/hostile fire pay received) for each month during any part of which he or she served in a combat zone. For 2002, this limit was $5,532.90 and for 2003, it is $5,882.70.
Extensions:
The IRS automatically extends the deadline for filing tax returns, paying taxes, filing claims for refund and taking other actions related to federal income tax for U.S. Armed Forces personnel serving in a combat zone. The IRS also extends the deadline for those in the U.S. Armed Forces deployed overseas away from their permanent duty station in support of operations in a qualified hazardous duty area but outside the qualified hazardous duty area.
The deadline for filing returns, making payments or taking any other action with the IRS is extended for at least 180 days after:
- The last day of qualifying combat zone service, or
- The last day of any continuous qualified hospitalization for injury from service in the combat zone.
Combat Zones
A combat zone is any area the President of the United States designates by Executive Order as an area in which the U.S. Armed Forces are engaging or have engaged in combat. Usually, an area becomes a combat zone and ceases to be a combat zone on the dates the President designates by Executive Order.
The following is a comprehensive list of combat zones:
- The following locations (and airspace above) in the Persian Gulf area were designated as a combat zone beginning Jan. 17, 1991.The area includes the Persian Gulf, the Red Sea, the Gulf of Oman, the part of the Arabian Sea that is north of 10 degrees north latitude and west of 68 degrees east longitude, the Gulf of Aden and the total land areas of Iraq, Kuwait, Saudi Arabia, Oman, Bahrain, Qatar and the United Arab Emirates.
- Kosovo area, beginning Mar. 24, 1999 — Federal Republic of Yugoslavia (Serbia and Montenegro), Albania, the Adriatic Sea and the Ionian Sea north of the 39th Parallel.
- Afghanistan, beginning Sept. 19, 2001.
Public Law 104-117 designates three parts of the former Yugoslavia as a Qualified Hazardous Duty Area, to be treated as if it were a combat zone, beginning Nov. 21, 1995 — Bosnia and Herzegovina, Croatia, and Macedonia.
In addition, the Department of Defense has certified these locations for combat zone tax benefits due to their direct support of military operations in the Afghanistan combat zone (Operation Enduring Freedom), beginning on the listed dates:
- Pakistan, Tajikistan and Jordan, Sept. 19, 2001
- Incirlik Air Base, Turkey, Sept. 21, 2001
- Kyrgyzstan and Uzbekistan, Oct. 1, 2001
- Philippines, Jan. 9, 2002
- Yemen, Apr. 10, 2002
- Djibouti, July 1, 2002
Tax Assistance for Military Families; IRS.gov Page for Armed Forces
The Internal Revenue Service has created a new section on its Web site containing important information to help ensure members of the U.S. Armed Forces serving in a combat zone get all of the tax benefits available to them.
The new section highlights several special tax provisions that apply to those in combat, which can include extensions for Tax Filling and paying taxes and exclusion of some military pay from taxes.
The new Web section includes:
- Questions and answers on exclusions, extensions and other tax benefits available to members of the Armed Forces serving in a combat zone.
- Publication 3, Armed Forces’ Tax Guide, which covers the special tax situations of active members of the U.S. Armed Forces.
- Several recent news releases and notices, including Tax Tip 2003-41, Reservists, New Enlistees May Get Deferral for Back Taxes; news release IR-2002-18, Tax Relief for Troops in Afghanistan Combat Zone; Notice 2002-17, Tax Relief for those Involved in Operation Enduring Freedom.
- A special e-mail address for members of the U.S. Armed Forces, their spouses, authorized agents or representatives, which can be used to notify the IRS about someone serving in a combat zone.
"At this important time, our dedicated military personnel in combat zones should not be worried about tax issues," said IRS Acting Commissioner Bob Wenzel. "We want each of them to receive all of the tax benefits that they are entitled to. We want all of our servicemen and servicewomen — and their families — to know that we are here to help."
Generally, enlistees up to warrant officers (including commissioned warrant officers) exclude all their military pay received for military service in a combat zone. For commissioned officers, the monthly exclusion is capped at the highest enlisted pay, plus any hostile fire or imminent danger pay received. For 2002, this limit was $5,532.90 and for 2003, it is $5,882.70. Amounts excluded from gross income are not subject to federal income tax.
The IRS automatically extends the deadline for filing tax returns, paying taxes, filing claims for refund and taking other actions related to federal income tax for U.S. Armed Forces personnel serving in a combat zone. The IRS also extends the deadline for those in the U.S. Armed Forces deployed overseas away from their permanent duty station in support of operations in a qualified hazardous duty area but who are outside that area.
The deadline for filing returns, making payments or taking any other action with the IRS is extended for at least 180 days after:
- The last day of qualifying combat zone service, or
- The last day of any continuous qualified hospitalization for injury from the combat zone.The IRS is currently working with the military to obtain information about reservists and regular military personnel serving in combat areas. During this interim period, people in the military, their spouses or their authorized representatives have several options to claim the filing extensions or filing exclusions:
- When filing returns, mark “Combat Zone” at the top of the form along with the date of deployment.
- Contact the IRS through the special e-mail address at IRS.gov. Correspondence should include the name,stateside address, date of birth, and date of deployment of the service member. (No Social Security numbers should be included in the e-mail.) The IRS emphasizes only military-related e-mails should go to this address. Calls can also be made to the main IRS help line at 800-829-1040.
These two steps also apply if a notice inadvertently goes to an individual serving in a combat zone or his or her spouse. The notice can be deferred by following the e-mail steps or by sending the notice back to the IRS marked with the words “Combat Zone” and the date of deployment.
The IRS plans to take additional steps and provide additional guidance on issues involving military personnel and combat zones. This new information will also be posted to the Armed Forces page on IRS.gov.
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