Archive for the 'Tax Software' Category

I was e-filing my taxes for AY 2009 – 2010 and had to pay a nominal difference. I am under ITR 2. I have made the payment under 400 (Tax on regular assessment) instead of 300 (self assessment tax). Now I had received a notice from the Income Tax department indicating that I did not [...]

I have about $20,000 in personal deductions just from my mortgage interest. My business only made about that much in 2011 so I am not getting the benefit of this deduction. In 2012 I expect to make significantly more money without a big increase in business expenses. This means I will get hit with a [...]

Preferably using turbotax free or something like that. Would I have to get each year’s specific software?

Ive got a fairly simple return. No earned income. No mortgage interest paid. Roughly 20-30 stock trades some short term, some long term. And about 10 banks & credit unions paid me interest. Ive always paid a CPA but the hardest part is compiling the data and I want to do it myself in the [...]

I know that the Standard Deduction is best for me I just want to find out if I can add any additional deductions on top of that. Although I skipped the itemized section (as I’m too lazy to fill out each and every one to find out) my tax software prompted me on its own [...]

I’m doing a tax return assignment for school and I’m not sure if this can be deducted and if so where. This is for a woman who is a high school teacher and she pays $2100 in tuition and fees for courses she is taking to obtain an advanced degree in eduction. She paid $519 [...]

I have a small business C-Corp and this is my first year. I am late so I filed for the extension. I found most accountants and tax preparers cost $500+ just to file my business taxes. My business for the first year is a loss. So I assume all i need to file is Form [...]

I’m looking into buying a almost brand new Macbook Pro off of craigslist. The guy says he bought it last fall or winter, so it’s still under warranty, and he has the original box and everything it came with. He’s not sure if he has the original receipt. Here are some specs on it: Installed [...]

I can only find free pdf readers and print programs. All the free pdf editing software leaves a water mark on the returns.

Important detail: I know how wise it is to rely on Yahoo Answers for advice about taxes, but time is short and I am hoping to find some clue that will at least point me in the right direction. I opened a Solo 401K Roth last year. Yes; it is both a Solo 401K, AND [...]