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Turbo Tax Online – Free Online Income Tax Filing



Because of a partnership between the Internal Revenue Service (IRS) and 19 Free File partners, including Turbo Tax Online, many taxpayers are now eligible for free online income tax filing.

If you qualify, you can use Turbo Tax Online, or any other of the 19 Free File partners, to prepare and file your income tax return online for free. This program is known as the IRS Free File Alliance.

This free tax filing program is designed for lower income taxpayers with simple tax situations and includes IRS and State tax forms and schedules. However, it is not designed for more complex tax situations such as investments, rentals, royalties, farming, foreign earned income, partnerships, s corporations, estates or trusts.

In addition, twenty-one states have also created free file programs based on the Federal free tax filing program. This means you may also qualify to file your State taxes for free with the Freedom Edition tax software.

Free File differs from conventional tax filing in that Free File is an electronic tax program. You must use a computer and have Internet access to use the free tax filing service. Users enter their income tax data online and tax calculations are made by the online tax software. Completed tax returns are then sent to the Internal Revenue Service (IRS) through the efile system.

Using the (IRS) e-file system allows you to get your tax refund back in as little as 10 days. If it ends up that you owe money, you can have it deducted from your bank account on the last day of tax filing season.

Posted on: August 25th, 2010 Author: admin No Comments »
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Free Tax Programs – File Taxes For Free



Did you know that the Internal Revenue Service (IRS) has agreed to a 4-year partnership with 19 online tax software companies? This partnership agreement has been named the Free File Alliance.

The Free File Alliance, was first formed in October of 2002, making free tax programs available to millions of American taxpayers. The (IRS) Free File program lets taxpayers that meet the guidelines file their taxes for free.

An estimated 70 percent of all tax filers are eligible to use the free filing programs offered within the alliance. The new agreement allows Americans with an adjusted gross income (AGI) of $52.000 or less to use the free tax programs to file their taxes for free.

Why is the IRS doing this?

Because, the Federal Government has a goal of 80% of all tax returns processed, be filed electronically by year 2007. The reasons for using electronic tax returns processing are many. Here are a few of those reasons:

Less is time spent preparing taxes. Free tax programs are designed to save you and the IRS time. Refunds are faster and can be electronically deposited into your bank account. It’s a compelling way to introduce taxpayers to the new method of preparing and filing taxes online. Since 2003, the Federal Government has saved more than $32 million in processing costs by offering free tax programs online. The main purpose of the Free File Alliance is to provide a free tax filing program, for those who can least afford to pay for online tax preparation and e-filing.
Posted on: February 15th, 2010 Author: admin No Comments »
Filed under: Taxes Tags: , , , , , , , , , , , , , , , , , , ,