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Four Ways to Pay Your Federal Income Tax

If you cannot pay the full amount of taxes you owe, don’t panic. You should still file your return and pay as much as you can by the April deadline to avoid penalties and interest. You should also contact the IRS to ask about payment

Entering A Foreign Address When Creating Your Return

To enter a Foreign Address when you are creating your return: * Create a Username and Password and complete the register page * Go through the next set of screens until you reach the Personal Information page * Under the Address and Phone

W-2 - What is a Statutory Employee?

cleaning, if the driver is your agent or is paid on commission. 2. A full-time life insurance sales agent whose principal business activity is selling life insurance or annuity contracts, or both, primarily for one life insurance company. 3

Can I use your program without a Bank Account?

Yes - when you submit your return electronically choose " Mailed Check " rather than " Direct Deposit " so that the IRS can send your refund to you through the postal service. The refund check will be mailed to the address that is listed

Choose Your Video Tax Specialist to Guide You Through

Video links highlight areas of the program that you may want a better understanding of. When you click on the green "movie camera" icon you will be greeted by Kelly your specialist who will give you a personal guide to the individual items

How many returns can I complete with your program?

address entered when creating accounts. ( Ex. If your return is rejected by the IRS and you have to resubmit, that is still only considered one return .) There is no way to override the account tracker in the software. If an individual wants

Form 1098-T: Tuition Statement- Calculating Your Credit or Deduction

are eligible to use to reduce your tax bill is, in most cases, simply the amounts paid for tuition and fees minus the amount of scholarships you received. You can only receive a deduction or credit for the amount of expenses that you paid out

How many returns may I complete with your Online program?

Our software is limited by the IRS to completing only five (5) individual returns per user. The software counts the number of returns you create and not actual transmissions. With the web program this is based on the email address entered when creating accounts. There is no way to override the counter in the software. If an individual wants to prepare and electronically file more than 5 returns, the IRS requires that individual to obtain an EFIN (Electronic Filing Identification Number). An EFIN is a number assigned by the IRS to tax preparers accepted into the federal/state e-file program.

Lump sum distributions NOT included in your Federal Adjusted Gross Income

Lump-sum distributions not included in the Federal Adjusted Gross Income shall be added to the Federal AGI within the state. Rollovers and IRA Conversions are taxed in the same year as on the Federal return. Enclose a copy of Form 1099 and a complete copy of the Federal return. Note: The lump-sum distribution, added back on this line, may qualify for an exclusion of retirement benefits found on Schedule 511-A. The distribution must be received from a qualified plan and satisfy the requirements of the exclusion.

Life events that may have a significant tax impact

Deduction Moving? Publication 521 , Moving Expenses Publication 17 , Your Federal Income Tax Publication 523, Selling Your Home Form 8822, Change of Address Bankruptcy Publication 908 , Bankruptcy Tax Guide Decedents Publication 559 , Survivors