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Sunday, January 16, 2011

Income Tax Online – Now You Can Prepare Free Income Tax Return

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It is no longer a boring task to taxes that entails dealing with plies of tax documents and forms. Now filing income tax online has become easier and fast. You do not have to spend your money for getting your return file prepared by a professional tax preparer. Using Online Income Tax preparation and e-filing services, you can do it yourself.

Most of the taxpayers have experienced the inherent benefits of e-filing taxes. According to a news report, 2 out of 3 taxpayers or 95 million have benefitted from using Free Income Taxfiling electronically. So, you can also make use of this benefit when it comes to filing your return.

Preparing taxes online is easy because every sort of math calculation is done by the software program. You just have to answer the questions asked by the software and you have to put them into the forms correctly. Moreover, you do not have to worry about taking proper deductions to minimize your taxable amount. The deduction search tool will help you find out suitable ones depending on your tax situation, income, and expenses.

E-file Tax Software makes you worry-free because your taxreturn is prepared almost error-free. The inbuilt error check will ensure you that your tax return is accurate and the IRS will have no chances that they reject your return. Moreover, if your return file is done properly, then you will not have to fear of getting pointlessly audited by the IRS.

As you submit your return to the IRS electronically, you’ll get confirmation from the IRS within as few as 48 hours that your file reached there. There are more chances of your return file getting processed soon if it is e-filed. The IRS service center doesn’t have to type your return if it is in electronic form.

And finally, you are advised to choose Direct Deposit option to get your IRS refund. You can get your refund directly deposited into your bank account so you need not have to worry about your refund check being lost or stolen in mail. It is very safe and secure to receive online tax refund.

If possible, file your taxes electronically to the IRS well before the deadline. If you have internet connection, you can file your return any time and from anywhere at your convenience.

Wednesday, February 10, 2010

Online Income Tax Filing - File Your Taxes For Free!

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Online Income Tax Filing - File Your Taxes For Free!

By Riya Seo

Most taxpayers in the United States prefer online income tax filing option. They file their taxes for free using the IRS Free File program which is easier and faster than the traditional way of that is paper filing. Learn how you can benefit from filing free taxes online using software available.

You have a file opportunity to electronically file your taxes for free with a program offered by the federal government called "Free File". You need to know what this software offers and whether you are eligible for using it or not. Free tax preparation is possible only if you are eligible for the IRS File program which has set a limit of earning (AGI) not exceeding $57,000.

According to the IRS, the option of Free File program is available for those people who qualify for using it so that they can benefit from free income tax filing online. This program is a result of a partnership between the Internal Revenue Service (IRS) and some 20 private software firms. You should visit the IRS website to learn more about free filing option.

As long as the IRS Free File program is concerned, there are two types of formats available; Traditional Free File Fillable Forms. The first option is quite simple to follow which has certain strict qualification criteria. This option provides you with certain step-by-step question process and you have to provide proper answers on the proper forms. The second option is available for almost all people because there is no income limit but the slight drawback of this option is that you will have less guidance from the software.

According to the IRS, the Free EFile program opened for public use on 15th January 2010, and will be available until 15th April 2010. This software program is accessible 24 hours a day. And for those who are supposed to file an extension, this program will be available until 15th October 2010.

If you do not qualify for this free file program, then you can search for the online e-filing services. Some companies offer preparing return file and e-filing option for free whereas some companies may charge you something. However, it is far more affordable than hiring a professional to do taxes for you.

Would you like to avail the benefits of online income tax for free? Visit FreeIncomeTaxOnline.com website for free income tax preparation.


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