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It’s Your Money – Keep More of it with TurboTax

January 29th 2013 by
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Why spend more than you should to have someone else do your taxes for you? TurboTax® puts the power in your hands to keep more of your hard earned money, with the peace-of-mind of knowing you have experts in your corner every step of the way. TurboTax is customized to your situation, searching for the latest deductions and credits based on your job, family, and life so you know you’ll get every penny you deserve. TurboTax is there year-round with expert help when you need it, so you won’t get stuck if you have a question. All TurboTax tax professionals are experienced CPAs, EAs or Tax Attorneys.1 With TurboTax you’ll get your taxes done right. TurboTax calculations are guaranteed 100% accurate2 and you’re guaranteed to get your maximum refund – or your money back. 3 Plus, as an Aspire member, you can save on TurboTax® federal products. Get started with…

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Don’t Fall for Phony IRS Websites

December 28th 2012 by
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The Internal Revenue Service is issuing a warning about a new tax scam that uses a website that mimics the IRS e-Services online registration page. The actual IRS e-Services page offers web-based products for tax preparers, not the general public. The phony web page looks almost identical to the real one. The IRS gets many reports of fake websites like this. Criminals use these sites to lure people into providing personal and financial information that may be used to steal the victim’s money or identity. The address of the official IRS website is IRS.gov. Don’t be misled by sites claiming to be the IRS but ending in .com, .net, .org or other designations instead of .gov. If you find a suspicious website that claims to be the IRS, send the site’s URL by email to phishing@irs.gov. Use ‘Suspicious website’ as the subject line. Be aware that the IRS does not…

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IRS System Helps Students with Financial Application Process

July 6th 2012 by
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College-bound students and their parents typically want to make every dollar and every minute of the college experience count including money spent on tuition and time spent on the college financial aid application process. The Internal Revenue Service is helping minimize the time spent on the completion of the Free Application for Federal Student Aid (FAFSA) form by automating access to federal tax returns with the IRS Data Retrieval Tool. This tool provides the opportunity for applicants to automatically transfer the required tax data onto the FAFSA form. Here are some tips on using the IRS Data Retrieval Tool: Benefits – The IRS Data Retrieval tool is an easy and secure way to access and transfer tax return information directly onto the FAFSA form, saving time and improving accuracy. Also, the increased accuracy reduces the likelihood of being selected for verification by the school’s financial aid office. Eligibility Criteria –…

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Taxes – What to Stash and What to Trash

Posted in Taxes
February 24th 2012 by
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What records and documents should you keep in case the IRS ever decides to audit you—and for how long should you keep them? Here’s some advice to consider: The standard statute of limitations is three years, but the IRS can audit up to six years after a filing if it suspects underreporting of income by more than 25 percent. If auditors find fraud, or if you fail to file a return at all, there is no statute of limitations. For this reason, many tax advisers recommend hanging on to your tax returns forever. Then, if the IRS claims it has…

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