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Thread: Tax Season is Here, Are you Ready?

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    Pals HarMoney's Avatar
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    Default Tax Season is Here, Are you Ready?

    Are you ready for tax time? Have you organized all your tax documents and saved your receipts all in preparation for the dreaded season? Most people haven’t. Life gets in the way. However, if you prepare yourself, tax time might swing in your favor.


    First step


    Start a checklist of all tax documents you will need, as they come in keep them all together. That way, once everything has been received, you are ready to file. Documents that may be on your checklist include:


    · W-2’s (sometimes more than one)


    · Interest statements (mortgages, student loans)


    · 401k/IRA docs


    · Property tax statements.


    Your specific list will depend on your specific situation.



    Second step


    Now that you have your documents ready do you want to self-file or hire a professional? There are many advantages of both. Self-filing tends to be much less expensive, however you may miss out on money by not knowing the in’s and outs of taxes. Another route to go, is using a guided online program/software like www.turbotax.com or www.hrblock.com.




    Last step


    After you have filed, what do you do with your refund? Or, on the other hand, how do you pay back the government? Luckily, the IRS can provide payment plans to pay your taxes, which can make it easier than handling it as one lump sum. Do you save that refund? Invest? Splurge? Whatever you decide to do is up to you, just make sure your taxes are handled by April 17th which is the tax deadline for 2012.

  2. #2
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    Regarding that second step.....

    - For the Do-It-Yourself Crowd, there may be other choices.
    The IRS has an E-File Program named FREE FILE with several of the top software companies.
    The software and filing are free.
    There are some restrictions.

    The IRS also has Fillable Forms.

    For more information on these IRS Programs go here: http://www.irs.gov/efile/index.html

    Or there is the FREE TCE/VITA program. A trained volunteer will prepare your tax return and electronically file your tax return.
    To find a TCE/VITA site near you, check this link: http://www.aarp.org/applications/VMI...cations.action

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    Pals HarMoney's Avatar
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    Thanks for the extra info!

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    Tax is an inevitable issue. Well, there are times that every person gets behind on bills every once in a while or needs to fix their car when it breaks down. Many people counting on a tax refund anticipation loan this year may find that it is getting harder to get them. Payday cash advances are similar to tax refund anticipation loans. The nice thing about a personal loan is that you get to choose the amount of your loan instead of having to get the set amount of your refund. It is a lot more convenient to choose the amount whenever you need fast cash. Learn more at: Payday Loan.
    Last edited by 4jacks; 02-13-2012 at 10:47 AM. Reason: edit link

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    Quote Originally Posted by kylemiller View Post
    Tax is an inevitable issue. Well, there are times that every person gets behind on bills every once in a while or needs to fix their car when it breaks down. Many people counting on a tax refund anticipation loan this year may find that it is getting harder to get them. Payday cash advances are similar to tax refund anticipation loans. The nice thing about a personal loan is that you get to choose the amount of your loan instead of having to get the set amount of your refund. It is a lot more convenient to choose the amount whenever you need fast cash. Learn more at: Payday Loan.
    Everyone does have inevitable financial issues! And one of the main reasons we have this great site and this forum is so that we can prepare for those issues and secure our finances for ourselves rather than reach out to these High Rate Loan Sharks. Taking out a "Payday Loan" is close to the worst financial advice we could give. It may appear as a short term remedy, but it is a long term nightmare.
    Last edited by 4jacks; 02-13-2012 at 10:48 AM.

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    Quote Originally Posted by kylemiller View Post
    Tax is an inevitable issue. Well, there are times that every person gets behind on bills every once in a while or needs to fix their car when it breaks down. Many people counting on a tax refund anticipation loan this year may find that it is getting harder to get them. Payday cash advances are similar to tax refund anticipation loans. The nice thing about a personal loan is that you get to choose the amount of your loan instead of having to get the set amount of your refund. It is a lot more convenient to choose the amount whenever you need fast cash. Learn more at: Payday Loan.
    A tax refund is the government repaying a loan the government has received from the taxpayer.
    It is your money that you loaned to the government.
    The tax forms are the accounting books determining who owes who and how much.

    Some taxpayers will owe some money to the government.
    Some taxpayers will receive a nice refund.
    Last edited by 4jacks; 02-13-2012 at 10:49 AM. Reason: edit link

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    Quote Originally Posted by kylemiller View Post
    Tax is an inevitable issue. Well, there are times that every person gets behind on bills every once in a while or needs to fix their car when it breaks down. Many people counting on a tax refund anticipation loan this year may find that it is getting harder to get them. Payday cash advances are similar to tax refund anticipation loans. The nice thing about a personal loan is that you get to choose the amount of your loan instead of having to get the set amount of your refund. It is a lot more convenient to choose the amount whenever you need fast cash. Learn more at: Payday Loan.
    This appears to be a thinly veiled attempt to boost the Google rank of his website by having another site (this one) link back to his own.
    Last edited by 4jacks; 02-13-2012 at 10:49 AM.

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    Quote Originally Posted by Driver View Post
    This appears to be a thinly veiled attempt to boost the Google rank of his website by having another site (this one) link back to his own.
    Interesting, is that how googleranking works?

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    Quote Originally Posted by 4jacks View Post
    Interesting, is that how googleranking works?
    http://en.wikipedia.org/wiki/Backlink

    Quote Originally Posted by Wikipedia
    Search engines often use the number of backlinks that a website has as one of the most important factors for determining that website's search engine ranking, popularity and importance. Google's description of their PageRank system, for instance, notes that Google interprets a link from page A to page B as a vote, by page A, for page B.[2] Knowledge of this form of search engine rankings has fueled a portion of the SEO industry commonly termed linkspam, where a company attempts to place as many inbound links as possible to their site regardless of the context of the originating site.

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