Wednesday, January 30, 2013

Get your Tax Return quickly with ExpressTaxRefund.com


ExpressTaxRefund.com gives advice on how to get your Tax Return quickly.


ExpressTaxRefund.com gives advice on how to get your Tax Return quickly.

Forest Hills NY  (PRBuzz.com) January 29, 2013 -- For many people, tax refund is the biggest pay check they will receive all year. Thus, they tend to want it as quickly as they can possibly get it.

"There was once a time when the only options you had for filing your taxes were to do them yourself on paper or hire a professional to do them for you," said ExpressTaxRefund.com spokesperson Michele Tyson. "It can be stressful for a person to do their own taxes, especially if they do not have knowledge of up-to-date tax laws."

Even knowledgeable people can miss deductions and tax breaks. And then, after all of the paperwork has been properly filled out, the only option would be to send the forms to the IRS via regular postal mail. You could then expect your refund check to come in the mail within 6-8 weeks after IRS acceptance.

Now you can file your taxes online, and receive your tax return in as little as 10 days.

ExpressTaxRefund.com offers a special software that can help you prepare your taxes yourself. If you have any trouble along the way, customer service is often provided at your disposal. The best news is that many taxpayers can prepare their own taxes within 30 minutes.

When you choose this online option for filing for your tax return, you are actually filing the forms electronically. In most cases, the IRS will accept or deny your return within 48 hours of receiving it. From there, you could have the money deposited into your bank account in as little as 10 days. By using this method, you can have your tax return much faster than the traditional 6-8 weeks.

In order to have your tax return direct deposited, you will need to provide your bank account information. This includes:

The name of your bank
The routing number
The account number

"In addition, you also may need to provide the type of account, like whether it is a checking account or if it is a savings account, that you want your refund deposited into," said Tyson. "Check this information at least twice, to ensure you have entered it all correctly. If there is a mistake made when entering this information, it can delay your deposit."

Filing for your income tax return used to be a lengthy and stressful process. It no longer has to be that way. Take the stress out of filing, and get your return quicker, by filing electronically online with ExpressTaxRefund.com

About ExpressTaxRefund.com
ExpressTaxRefund.com was founded in 2002 with the goal of helping people prepare and file their taxes quickly, easily and affordably. Since then, ExpressTaxRefund.com has grown to become one of the most popular online tax preparation services. For more information about ExpressTaxRefund.com, visit http://www.expresstaxrefund.com.

Contact-
ExpressTaxRefund.com
(800) 829-1954

Friday, January 25, 2013

Fast Tax Refund at ExpressTaxRefund.com


With Express Tax Refund filing your taxes online is fast and easy. A step-by-step interview collects your tax information. Our software does all the calculations, checks for errors, selects the proper forms and fills them in.We calculate your refund amount as you enter your information, so you can see how different deductions and credits effect you in real time.

We offer free customer service support for any tax related questions you may have. Assistance is provided toll free seven days a week. When you're ready, simply E-file your return with a click of the mouse and get your Tax Refund in as little as 7 days!

Filing your taxes online has never been so fast and easy.

Thursday, January 24, 2013

Tax Refund Specialists Offer Fast Tax Refund


Approximately 70 percent of taxpayers get a tax refund check each year, and many of these individuals are looking to get a fast tax refund so they can start enjoying that refund check ASAP! The average tax refund totals more than $2,500, so you can't blame those taxpayers who are seeking a fast tax refund, as that's a good chunk of change!

ExpressTaxRefund.com: Tax Refund Specialists Offer Fast Tax Refund


Wednesday, January 23, 2013

Get Your TaxReturn Quickly!

Many Americans eagerly wait for tax season because of the taxreturn that they anticipate getting. For many people, this is the biggest pay check they will receive all year. Thus, they tend to want it as quickly as they can possibly get it. The following paragraphs will provide you with information you may find useful in getting your taxreturn check fast.There was once a time when the only options you had for filing your taxes were to do them yourself or hire a professional to do them for you. It can be stressful for a person to do their own taxes, especially if they do not have knowledge of up-to-date tax laws. Even knowledgeable people can miss deductions and tax breaks. And then, after all of the paperwork has been properly filled out, the only option would be to send the forms to the IRS via regular postal mail. You could then expect your refund check to come in the mail within 6-8 weeks after IRS acceptance.Now you can file your taxes online, and receive your taxreturn in as little as 10 days.

ExpressTaxRefund.com offers a special software that can help you prepare your taxes yourself. If you have any trouble along the way, customer service is often provided at your disposal. The best news is that many taxpayers can prepare their own taxes within 30 minutes.
When you choose this online option for filing for your taxreturn, you are actually filing the forms electronically. In most cases, the IRS will accept or deny your return within 48 hours of receiving it. From there, you could have the money deposited into your bank account in as little as 10 days. By using this method, you can have your taxreturn much faster than the traditional 6-8 weeks.

In order to have your taxreturn direct deposited, you will need to provide your bank account information. This includes:
  • The name of your bank
  • The routing number
  • The account number
In addition, you also may need to provide the type of account, like whether it is a checking account or if it is a savings account, that you want your refund deposited into. Check this information at least twice, to ensure you have entered it all correctly. If there is a mistake made when entering this information, it can delay your deposit.

Filing for your income taxreturn used to be a lengthy and stressful process. It no longer has to be that way. Take the stress out of filing, and get your return quicker, by filing electronically online with ExpressTaxRefund.com

Monday, January 21, 2013

File Today on ExpressTaxRefund.com!

Are you looking for a fast tax refund? Approximately 70 percent of taxpayers get a tax refund check each year, and many of these individuals are looking to get a fast tax refund so they can start enjoying that refund check ASAP!

The average tax refund totals more than $2,500, so you can’t blame those taxpayers who are seeking a fast tax refund, as that’s a good chunk of change!

There are several options for filing your taxes and there are also a few different options concerning how you get your refund check. In order to get a fast tax refund, you must file your taxes using the proper methods!

The first option for filing your taxes involves using old fashioned paper forms and snail mail. Many are familiar with this method, making it a comfort zone for many taxpayers, but it’s the least desirable option if you’re seeking a fast tax refund because it can take more than a month and a half to get your tax refund!

The second tax filing option is to file electronically and request a paper check. According to the IRS, this is the most popular option and more than 100 million Americans e-filed in 2012. In fact, e-filing is now required for any individual or entity who files more than 10 individual or trust returns. It’s easy and it’s faster than snail-mailing your returns, but it takes time to get a paper check in the mail, so it’s a middle-ground option for individuals who are seeking a fast tax refund.

The best option for individuals who are seeking a fast tax refund in 2013? E-filing and requesting direct deposit of your refund check. Since everything is done electronically, there’s no time wasted in transit! Plus, it’s more secure — there’s no chance your check will get lost or stolen, so you virtually ensure a fast tax refund!

ExpressTaxRefund.com will help you get a fast tax refund in just three easy steps!

At ExpressTaxRefund.com, we specialize in fast tax refunds. In fact, if you file using direct deposit, you can get this year’s tax refund in as little as ten days! Learn more about our tax services.

Questions? Stop by our Help Center for Tax FAQs, guides and tax tools.

Thursday, January 17, 2013

IRS Announces Simplified Option for Claiming Home Office Deductions

IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based Businesses May Deduct up to $1,500; Saves Taxpayers 1.6 Million Hours A Year


WASHINGTON — The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.

In tax year 2010, the most recent year for which figures are available, nearly 3.4 million taxpayers claimed deductions for business use of a home (commonly referred to as the home office deduction).

The new optional deduction, capped at $1,500 per year based on $5 a square foot for up to 300 square feet, will reduce the paperwork and recordkeeping burden on small businesses by an estimated 1.6 million hours annually.

"This is a common-sense rule to provide taxpayers an easier way to calculate and claim the home office deduction," said Acting IRS Commissioner Steven T. Miller. "The IRS continues to look for similar ways to combat complexity and encourages people to look at this option as they consider tax planning in 2013."
The new option provides eligible taxpayers an easier path to claiming the home office deduction. Currently, they are generally required to fill out a 43-line form (Form 8829) often with complex calculations of allocated expenses, depreciation and carryovers of unused deductions. Taxpayers claiming the optional deduction will complete a significantly simplified form.

Though homeowners using the new option cannot depreciate the portion of their home used in a trade or business, they can claim allowable mortgage interest, real estate taxes and casualty losses on the home as itemized deductions on Schedule A. These deductions need not be allocated between personal and business use, as is required under the regular method.

Business expenses unrelated to the home, such as advertising, supplies and wages paid to employees are still fully deductible.

Current restrictions on the home office deduction, such as the requirement that a home office must be used regularly and exclusively for business and the limit tied to the income derived from the particular business, still apply under the new option.

The new simplified option is available starting with the 2013 return most taxpayers file early in 2014. Further details on the new option can be found in Revenue Procedure 2013-13, posted today on IRS.gov. Revenue Procedure 2013-13 is effective for taxable years beginning on or after Jan. 1, 2013, and the IRS welcomes public comment on this new option to improve it for tax year 2014 and later years.

Tax Relief to Victims of Hurricane Sandy

IRS Provides Tax Relief to Victims of Hurricane Sandy; Return Filing and Tax Payment Deadline Extended to Feb. 1, 2013

WASHINGTON –– In the aftermath of Hurricane Sandy, the Internal Revenue Service announced additional tax relief to affected individuals and businesses.

Following recent disaster declarations for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in Connecticut, New Jersey and New York will receive tax relief. Other locations may be added in coming days based on additional damage assessments by FEMA.

The tax relief postpones various tax filing and payment deadlines that occurred starting in late October. As a result, affected individuals and businesses will have until Feb. 1, 2013 to file these returns and pay any taxes due. This includes the fourth quarter individual estimated tax payment, normally due Jan. 15, 2013. It also includes payroll and excise tax returns and accompanying payments for the third and fourth quarters, normally due on Oct. 31, 2012 and Jan. 31, 2013 respectively. It also applies to tax-exempt organizations required to file Form 990 series returns with an original or extended deadline falling during this period.

The IRS will abate any interest, late-payment or late-filing penalty that would otherwise apply. The IRS automatically provides this relief to any taxpayer located in the disaster area. Taxpayers need not contact the IRS to get this relief.

Beyond the relief provided by law to taxpayers in the FEMA-designated counties, the IRS will work with any taxpayer who resides outside the disaster area but whose books, records or tax professional are located in the areas affected by Hurricane Sandy. All workers assisting the relief activities in the covered disaster areas who are affiliated with a recognized government or philanthropic organization are eligible for relief.  Taxpayers who live outside of the impacted area and think they may qualify for this relief need to contact the IRS at 866-562-5227.

In addition, the IRS is waiving failure-to-deposit penalties for federal payroll and excise tax deposits normally due on or after the disaster area start date and before Nov. 26, if the deposits are made by Nov. 26, 2012. Details on available relief can be found on the disaster relief page on IRS.gov.

The tax relief is part of a coordinated federal response to the damage caused by the hurricane and is based on local damage assessments by FEMA. For information on disaster recovery, individuals should visit disasterassistance.gov.

The IRS wants to assure taxpayers, businesses and tax preparers that it is working aggressively to monitor the situation and provide additional relief as needed.

So far, IRS filing and payment relief applies to the following localities:
In Connecticut (starting Oct. 27): Fairfield, Middlesex, New Haven, and New London Counties and the Mashantucket Pequot Tribal Nation and Mohegan Tribal Nation located within New London County;

In Maryland (starting Oct. 26): Somerset County;

In New Jersey (starting Oct. 26): Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Somerset, Sussex, Union and Warren;

In New York (starting Oct. 27): Bronx, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Sullivan, Suffolk, Ulster and Westchester;

In Rhode Island (starting Oct. 26): Newport and Washington counties.

Wednesday, January 16, 2013

When Will I get My Refund?

 

 Find out when you can reasonably expect to receive your federal tax refund.

e-File and Direct Deposit



This video has the details on getting your federal tax refund in a matter of days rather than waiting several weeks.

Tuesday, January 15, 2013

Tax Season to Begin on January 30th due to IRS Delay.

IRS Plans Jan. 30 Tax Season Opening For 1040 Filers

IR-2013-2, Jan. 8, 2013

WASHINGTON — Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.

The IRS will begin accepting tax returns on that date after updating forms and completing programming and testing of its processing systems. This will reflect the bulk of the late tax law changes enacted Jan. 2. The announcement means that the vast majority of tax filers — more than 120 million households — should be able to start filing tax returns starting Jan 30.

The IRS estimates that remaining households will be able to start filing in late February or into March because of the need for more extensive form and processing systems changes. This group includes people claiming residential energy credits, depreciation of property or general business credits. Most of those in this group file more complex tax returns and typically file closer to the April 15 deadline or obtain an extension.

“We have worked hard to open tax season as soon as possible,” IRS Acting Commissioner Steven T. Miller said. “This date ensures we have the time we need to update and test our processing systems.”

The IRS will not process paper tax returns before the anticipated Jan. 30 opening date. There is no advantage to filing on paper before the opening date, and taxpayers will receive their tax refunds much faster by using e-file with direct deposit.

“The best option for taxpayers is to file electronically,” Miller said.

The opening of the filing season follows passage by Congress of an extensive set of tax changes in ATRA on Jan. 1, 2013, with many affecting tax returns for 2012. While the IRS worked to anticipate the late tax law changes as much as possible, the final law required that the IRS update forms and instructions as well as make critical processing system adjustments before it can begin accepting tax returns.

The IRS originally planned to open electronic filing this year on Jan. 22; more than 80 percent of taxpayers filed electronically last year.

Who Can File Starting Jan. 30?

The IRS anticipates that the vast majority of all taxpayers can file starting Jan. 30, regardless of whether they file electronically or on paper. The IRS will be able to accept tax returns affected by the late Alternative Minimum Tax (AMT) patch as well as the three major “extender” provisions for people claiming the state and local sales tax deduction, higher education tuition and fees deduction and educator expenses deduction.

Who Can’t File Until Later?

There are several forms affected by the late legislation that require more extensive programming and testing of IRS systems. The IRS hopes to begin accepting tax returns including these tax forms between late February and into March; a specific date will be announced in the near future.

The key forms that require more extensive programming changes include Form 5695 (Residential Energy Credits), Form 4562 (Depreciation and Amortization) and Form 3800 (General Business Credit). A full listing of the forms that won’t be accepted until later is available on IRS.gov.

As part of this effort, the IRS will be working closely with the tax software industry and tax professional community to minimize delays and ensure as smooth a tax season as possible under the circumstances.
Updated information will be posted on IRS.gov.