TurboTax vs H&R Block at Home Feedback
April 18, 2012
Now that the tax deadline has passed and you’ve all (hopefully) paid your taxes, I wanted to share some feedback from a reader who won one of the tax prep software giveaways. One giveaway was for access to TurboTax online and the other was for H&R Block at Home (formerly named TaxCut). Joe was one [...]
Why You Hate Doing Your Taxes
March 30, 2012
As part of my TurboTax giveaway I asked you to comment on what part of doing your taxes was the most confusing or frustrating. I was expecting to hear a lot of similar frustrations but you actually had a wide range of things that bugged you about doing your tax return. It does make sense, [...]
TurboTax “Under the Hood” Giveaway
March 3, 2012
TurboTax hides a lot of details “under the hood” about tax forms that many of us don’t care to know about. If you’ve used TurboTax to file your taxes for a number of years you might remember that the desktop version of the software had two different modes you could choose between Step-by-Step or Forms mode (you can’t [...]
File Taxes Online with TurboTax
February 27, 2012
TurboTax is one of the most popular tax preparation programs these days. One of the best features of the tax software is it’s easy-to-use interface and the way it walks you through filling out your tax forms. If you haven’t used TurboTax before, it starts by asking questions about your situation and helping you begin [...]
Tax Organization Tips & Giveaway Winner
February 18, 2012
Thanks to everyone who participated in the tax organizer kit giveaway in preparation for upcoming tax season! If you missed it, all you had to do was share a tax tip to enter into the giveaway. Tax Tips As the chart below shows, one tip was by far the most popular. People said it in [...]
Tax Return Organizer Kit Giveaway
February 8, 2012
Filing your tax return is easier if your records are organized. When you fill out your 1040, you have to dig up all of your files from the previous year so you can enter in your income and your deductions. Regardless of whether you go through tax software that prompts you for all the [...]
Tax Software Discounts
January 31, 2012
One of the ways you can save money this tax season is to get a discount on tax preparation software. If you like to do your taxes yourself — with some help from tax programs — you can find a number of discounts. Here are a few ways to get tax software discounts: Brokerage or [...]
Can’t Pay Taxes, It’ll Cost You
January 24, 2012
I think it’s safe to say that most of us don’t like filing income tax returns and writing big checks every April but you know what they say about dying and paying taxes – you can’t avoid them. If you don’t pay what the IRS says you owe it’ll end up costing you a lot [...]
Claiming Investment Losses on Your Taxes
December 28, 2011
As the end of the year draws near we unfortunately have to start thinking about the taxes we’ll owe, our tax returns will be due before we know it. If you’re not aware of the possible investment tax deductions one that you should think about is investment loss – the losses that result from your [...]
New Mutual Fund Cost Basis Rules
December 5, 2011
Beginning January 1, 2012 new regulations set forth by the Internal Revenue Service (IRS) will take effect. These regulations affect the way in which mutual fund companies report cost basis and gains or losses for taxable accounts. The purpose of these changes is to verify what fund companies report on their tax documents and what [...]
