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Question by Saber: Hi..need help in online tax filing returns!?
Hi….i need some assistance regarding about the reject codes “0500(0010)” and last updated reject code “0522(0010)” that the IRS had sent me back on my rejected tax filing application status. I’ve looked up on what the reject codes are…but I don’t understand what they meant as this is my 1st time doing it online. What exactly do they mean by those codes? I’ve entered my data correctly so far as it is concerned….and i’m in need of help as to what problem would those 2 error codes actually might be that I don’t know how to rectify. Can someone help me out pls? Thanks!

Best answer:

Answer by Sweetstreet
I would not do it online if I were you because sometimes it can be confusing. I ended owing 2300 when I did it myself

What do you think? Answer below!

Question by soccerlemon: 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.

Best answer:

Answer by hrblockchristinew
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

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Question by Roger: While filing tax in online how should we inform system regarding our visa status to claim appropriate refud?
Here is my problem. I was in J1 status till Jan – 2008. But my firm assumed that my visa status changed from J1 to H1 on Oct – 2007. They came to know about their wrong perception only late December. Will this have any impact on my tax re fund ? if so what is the best way to file my tax

Best answer:

Answer by chatsplas@sbcglobal.net
You were not legally able to work in US on a J1 Visa.

When you file your tax return it asks if you were a US citizen or resident, and the legal answer is NO. However you can file all income earned during the year, using your SSN or ITIN. The IRS expects you to file on all income received, regardless of your legal status. And they don’t report you to Immigration, either. So file!

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If you are looking for ways to file free taxes then free tax program may sound like popular option to you. IRS or Internal Revenue Services has agreed to a long term partnership with around nineteen tax software companies. This agreement between IRS and Tax software companies has been named as Free File Alliance.

This alliance was first formed in the month of October in the year 2002. It made free tax programs available to the millions of taxpayers. These free programs let the taxpayers who meet the guidelines and criteria file their taxes free of cost. It is estimated that 70% of the people who file taxes are eligible to use these programs that are offered within the alliance.

You may ask why IRS is doing such things. This is because the Federal Government wants that majority of the tax returns to be filed electronically. There are many reasons behind federal government using electronic tax return processing. Some of the reasons are discussed below.

•    By filing taxes electronically one is able to save a lot of time and energy. It becomes easier on both the part of the taxpayers as well as the tax authorities.
 
•    The refunds in such programs are much faster than the traditional way.

•    It is also a compelling way to introduce taxpayers to a completely new and reliable way of preparing and filing online taxes.

Lastly, the main purpose of IRS free tax programs is to make the entire procedure of filing tax returns easier and convenient for you.

Tax Preparation Services – Plan out and Reduce Your Next Year’s Income Taxes
To pay as little tax as likely, you need to plan a year in advance

As well the noticeable quick tax refund tactics, for instance itemizing deductions, there’re additional steps you could take to lower your tax bill subsequently year. The method is to plan in advance. If you kill time until its period to file your income tax return, it would be too late for several best tax-reducing tactics. Here’re a few of the things you could consider of early in the year to save yourself funds such  as online tax preparation.

Contribute to a Retirement Plan

In case you’re not contributing to a 401(k) or additional retirement plan, you’re passing up one of the best tax savings offered. Contributions to 401(k) plans aren’t matter to federal or majority of state income taxes. Your contributions and employer match would rise tax-deferred until you take out them throughout retirement. You might save between 20 – 40% of your payment in taxes. In case you’re already contributing to a 401(k) or other employer-support plan, raising your contributions before time in the year would add to your tax savings and your earnings eventually. If your employer doesn’t provide a retirement plan, causal to an IRA every year could get you some of the similar tax savings. For improved earnings, don’t wait until April 15th to open your IRA start your military tax preparation . Previously in the year you get your contribution, the faster it would grow.

Avail benefit of Lower Long-term Capital gets Tax Rates

In case you’re planning to sell a capital asset, for instance stock or other investment, make certain you hold on to it long sufficient to gain benefit of the new, lower long-term capital gains rates through assets held for as a minimum one year. Just few years ago the utmost long-term capital gains rate was around 20%. Now it’s just around 10% if you’re in the 15% income tax range and 15% if you’re in the 25% or higher tax range. Not all assets are eligible for the lower capital gain rate, so check with free IRS e-file.

Question by Gaya: Online tax filing?. Is it possible to see the amount which we have to pay/get before submitting. Best online?

Best answer:

Answer by G. Winthrop Cadbury
I just did the online preparing (and subsequent e-filing) of both my state and federal taxes on https://taxactonline.com … they let me figure it all out and even SEE the forms before filing … and it was only $ 17 to do BOTH federal and state … A BARGAIN compared to the overrated “Turbo Tax” or “Tax-Cut” or whatever …

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Question by Mr. Questionair: I need help with filing tax online.?
I am new to online tax filing, but i am willing to experience new thing. im filing my w-2 on taxslayer.com. I make about 18825.55 a year, after putting in the basic infomation on my w-2 form it said that i can get 1,076.00 tax return. I really need to find a way to get most of my money back. I owe Student loan, Car payment, and other stuff i have to pay for shelter etc. I dont know if i can get the tax money back for paying for the new car i bought within the year. Will i get much more if i do file the deduction? If i can which catergory do i put in that information? Does it go in any of these Catergory? “Adjustment” “Itemized Deductions” or “Income Menu”? And also can someone tell me what those term mean? Is there any website that could help me put the tax information in the right place? After filing the deduction do i have to prove that i paid tax for the new car i bought? Thanks everyone for your helpful response!

Best answer:

Answer by Pobept K
if you have a lot of deductions, you need to see a qualified tax accountant to file for you.

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If you have a refund coming, you want the money as soon as you can possibly get it.  Here are a few ideas to help you accomplish that.

Companies do not have to issue your tax documents until January 31st.  Unfortunately, you cannot force them to do this earlier, and most hold out until the last moment.

Online tax returns are gaining in popularity and they are one of the fastest ways to file and receive your refund quickly.  You can buy the software any place and if you qualify, you can even file for free.  Check out the IRS website for more information on online filing.

Have your refund direct deposited into your checking or savings account.  If you do this in conjunction with online filing, you can generally have your refund money in your account in about 3 to 5 days.

You can file your return online and have your refund mailed to you.  This will cut your waiting time down by about 2 to 3 weeks.

You can get a 24-hour tax refund from many of the big income tax service companies.  Just remember that what you are going to get is actually a loan based upon your credit, and that fees, charges, and interest will apply.

Many income tax service businesses are going with the speedy return payments and rebate anticipation loans.  Just remember that these are all loans, commonly serviced by a third party bank.  If you are not careful, you could lose a lot of your return dollars to tax preparation fees, interest, and charges.  Unless you need the money very desperately it is better to wait and get your refund through one of the more standard, free procedures.

The best recommendation for speedy processing and issuing of your refund is through the online tax programs in conjunction with direct deposit.  If you cannot, for some reason, facilitate direct deposit, you may have a friend or relative provide you with an account number into which you can have the money deposited.  Be careful, however, because once the money is in their account it is only their honesty that will get it to you.  The better idea for people without a direct deposit option is to file online and request that the refund is mailed to you in the form of a check.

Again, remember to be very careful in how you approach expediting your return.  The IRS will not send you another check if you get ripped off.

Question by Cesaria Barbarossa – 40K: Filing taxes online yourself or through a tax preparer? Which is better?
Stopped going to a lady who used to do my taxes because her fees were too much. Started doing them online. Now that I’m married with a child, should I go back to a preparer. Can that get me more money?

Best answer:

Answer by Tim
It depends on your knowledge and confidence. If you don’t have difficult situations, Turbo tax etc are pretty simple.

Give your answer to this question below!

This article of Georgia tax filing 2010 will explain some of the benefits of preparing and e filing your Georgia state taxes online and also make some suggestions as to what to look for in choosing an online tax filing company. The main advantages to do-it-yourself online tax preparation are: Less Expensive in fees Provide step by step guideline for E filers Reputable online tax services Federal taxes absolutely free Get your tax refund in your bank account within 8 days You should send your Georgia state tax return file electronically to the IRS.

There are clear benefits of submitting your e-files. With online tax filing, you get confirmation note form the IRS within 48 hours that your file is received. This confirmation gives you assurance that your file is going to be processed soon. You should also easily prefer direct deposit option in your bank account for receiving your Georgia state tax refund. You can get your refund amount quicker within 8 days by getting it deposited into your bank account. Using online software for preparing your Georgia state tax return online is easy and you will not have to trouble for knowing all the difficult tax codes. You just have to follow the steps and instructions provided by the software.

Enter the required information related to tax filing exactly and fill up the forms supplying the correct information and answers. It will also help you which deciding credits and deductions might help you lower your tax liability. Review your tax return twice to see whether something is not there or left out before filing it online. Once you are sure that your Georgia state tax return is accurately and exactly prepared, you can e-file to the IRS and get quick confirmation and refund.

There are so many companies in the market are also provide tax calculator for your state taxes, federal taxes, military taxes, personal taxes, business taxes , tax refund and more. But online tax calculation is the best way for all US tax payers.

E filing is the best suitable way for all Americans. April 18th is the deadline for your tax filing. Now very easy to check your tax refund status. Just enter your information and fill all the field and easily calculate your tax refund status for Georgia state tax filing.