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glassfullofsass · 2 months

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Taxes 2024: glass's quick and gritty guide to free filing those bitches

By god I hate doing my taxes but what I hate more is paying money for someone to do them for me.

Here's the thing. If taking your W2s and property taxes to someone with the training and paying them $70 makes you feel better. Do it. BUT if you're stubborn and bitchy, you CAN do it yourself and if you're reading this post I'm going to make the assumption that your AGI is less than $79000 and therefore you qualify for free file. (and if you don't know what an AGI is then yes, you qualify).

It's honestly going to be okay. We will get through it together.

This guide is not going to be thorough, and while I will try to answer questions if you ask them, I'm not an expert: my knowledge comes from filing my own taxes for the fourth (fifth?) year in a row using the free file program and going through a number of life changes that I have to reflect on my taxes.

The post includes a link and screenshots. I will describe the bare minimum information of the images in Alt Text, but will not fully transcribe the full text as all the images will be from the IRS website which has accessibility options.

Here we go:

I want you to go to this page and then chose the first big blue button (unless you want it all in Spanish, then click on Spanish and I'll pray for you that it's all the same process)

If you are a brave, brave soul then take the fillable forms and be free, my children. I cannot help you there.

BUT if you chose the guided software options it's going to take you to these options

You may chose to browse options on your own. This does feel somewhat choose-your-own-adventure and I'm not your mother or your boss. HOWEVER. I implore you to take the guidance as far as you can. Chose the big blue button that says "Find Your Trusted Partner(s)" (very polycurious, if I may say).

This survey is meant to be straightforward. There is a little blue questionmark that opens to explain the filing statuses very clearly and in detail. Chose the right status for you, then some other questions will show up. Answer the questions that come up (again, this general page should be info that is straightforward. most of us should be able to answer the general questions with just what's in our heads), then click next when the questions are done.

Now, you will need to know your income for this page, which probably mean you need your W2s or whatever other forms you might have that reflect/summarize your 2023 income. You don't need to get into extreme detail, you just need totals. Worked a couple of jobs and have W2s for all of them? Add "box 1" from each W2 together, select the first box under "Income" and type in your total in the fillable box that opens.

Further down this page is space for adjustments to your income, so stuff about student loans and health savings would be helpful, but again this survey isn't about the nitty gritty. Round numbers are fine.

Once you're done here, you'll click next and then it'll ask you about the Earned Income Tax Credit which is really just about if you have kids or not. Answer that question, click next and BOOM

This is the only free file partner that I qualify for this year (again, life changes), but in previous years I have used HRBlock and Tax Slayer. All three sites have been guided similarly to this survey and as easy to use as can be possible given the US tax system.

Thus ends my guided portion, as going to 1040(.)com will show you a great deal of my personal info, but I will give you a few more notes:

Throughout the year, collect your tax forms/important papers in a safe, secure place that YOU WILL NOT FORGET. (preferably a safe or at least a heavy fireproof security box).

Once you get to the tax website you're going to use, you will need all those papers.

Start your filing early. I like to start when I get my W2s.

For one, you'll get everything done and then in April when someone, stressed and anxious, asks if you remember that taxes are due, you can smugly say you filed ages ago. For another, if you do run into significant issues, you have lots of time to resolve them.

Don't necessarily file super early. Sometimes congress does stuff that affects taxes as late as March. It's easier and less stressful to edit your pending forms than it is to file a correction.

When you have all the information in, look up the local and national news and see if there's anything going on regarding taxes. This year there's talk about extending the child tax credit. I haven't kept up with that because it doesn't apply to me, but it might be important to you. If there's nothing happening that might affect you, go ahead and file.

If you have a question, ask! Even the free file services have a help section

I lied, one last snip. This is from 1040. They have an FAQ section, and it's not just about the site itself. I have submitted questions to all three services I've used and all of them have answered me.

They won't hold your hand through every step, but if you have a specific question, they'll do their best to answer it.

You can also do a general internet search! "what this form?" and "do i need to include XYZ on my taxes" are all things i've found the answers for by searching them on duckduckgo

HRBlock has a huge amount of accessible information that I've used often.

I'll wrap here by just saying - if you get frustrated, save your work and walk away.

I called my employer's HR to ask something, waited a couple days then started an email to them, and realized the answer as I was writing the email.

The earlier you start, the more time you have to figure things out. You can do it. Good luck.

#US taxes #taxes #tax help #sorry it's all one block of text. I don't have the energy to make it less Like This

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topshelf2112-blog · 1 year

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Does anyone have that post with turbotax alternatives? I thought I saved it, but it’s gone.

#tax help #ask

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masigl4179 · 1 year

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Tune in for part 3 of the latest #taxtipthursday series called "Attention Businesses: File on Time or Pay the Price!" Today we're talking about how your personal tax return may be delayed

#taxes2023update #taxes2023 #tax break #income tax #taxes #tax #taxation #tax reduction #tax refund #taxprep2023 #tax help

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taxreliefservices · 2 years

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The Most Important Information to Give the IRS to Settle Your IRS Tax Debts

If you Owe Back Taxes, if you are suffering from an Economic Hardship and if can’t pay your Monthly Living Expenses, you May be in Luck!☘️

When you owe back taxes to the IRS, May suddenly become very interested in your monthly income and expenses!

In fact you may want the IRS to know about your personal financial situation!

You may want to share your monthly expenses, such as your;

• Housing costs

• Car payment, gas, and insurance

• Gas, water, electric and other utility bills

• Medical insurance

• Cell phone

• Groceries and dining out

…and much more.

Why would you share this information with the IRS?

It all comes down to what the IRS calls Allowable Living Expenses.

The second you become a tax debtor, the IRS has a Secret tax lien against everything you own, including your future income. This is a feature of federal law, and it’s the basis for all the other collection actions that the IRS can take against you, such as a Wage Garnishment or Bank Levy.

Because of the lien, the IRS legally has a say in how you spend your money. Nobody likes this, but it’s the reality of how the US tax code works.

As with most laws, there is a long and complicated list of rules that go into determining what place the IRS holds in line behind or ahead of your other creditors, but the bottom line is that the IRS wants to get paid, and they have power to make your life a living nightmare by enforcing the tax laws over your money and assets.

It’s not all bad, however. There are specific legal protections that exist to prevent the IRS from taking everything you own. In simple terms, the IRS is not allowed to make you destitute. In other words, they are not allowed to put your family out on the street or force your children to starve if it creates an Financial Hardship on you and your family.

This is where those Allowable Living Expenses (ALE) come in. The IRS must allow you to pay all your basic living expenses, even if it means you cannot pay the IRS what you owe them. Sounds Great! Mostly, other than the tax lien they may file.

The IRS has legal standards that is required to follow and allow you and your family to pay before the IRS can collect anything. These are the usual categories:

• Food, clothing, personal care products, and “miscellaneous”

• Out of pocket health care costs

• Vehicle ownership and operating costs

• Rent or mortgage

• Utilities, including gas, water, electric, cell phone, Internet, and more

For vehicle operating costs, housing, and utilities, they do take into account regional variations for these costs. The rest are all based on national numbers. All the numbers also have adjustments based on family size.

These numbers “dictate” what the IRS will allow you to spend every month to live. Your income, when compared to these allowable standards, is what determines which IRS tax relief options you may be eligible for.

If your income is less than the total monthly allowable living expenses for Honolulu or where you live and family size, you might be eligible for a program that allows you to pay the IRS nothing. Yes, nothing. Zero. Nada. Zilch.

If your income is also less than the total monthly allowable living expenses, the IRS calculate for you, but you have assets – such as lots of equity in your home, stocks, bonds, classic cars, crypto, or the world’s most valuable Vinyl Record collection – then they’re going to take into consideration the value of those assets, too. But, in such a situation, you may be able to settle your tax debt for less than what you owe, and walk away from the rest.

If your income is more than the allowable living expense calculation, then the IRS is going to take that “excess” income into consideration for a reduced settlement. If you’re not eligible for a reduced settlement – which most people are not – then this “excess” income becomes the monthly minimal payment the IRS can require as a monthly payment.

One of the first things that Tax Relief Services can help our clients when they hire us to help them with a tax debt problem is to conduct a detailed Preliminary Analysis the exact same detailed financial analysis that the IRS should do but most of the time will not. We do the Preliminary Analysis for a number of reasons, such as:

1. Determining which IRS programs you’re eligible for.

2. Seek opportunities to legally increase your allowable living expenses.

3. Determine if the IRS balances are correct.

4. Look for unique circumstances that might open doors to outside-the-box resolution options.

This preliminary financial analysis is crucial for us to be able to get the best possible deal for our clients. Since the vast majority of tax debtors will end up on a monthly payment plan to the IRS, our job is to help get you the smallest possible monthly payment and help you minimize the short-term financial impact on your budget.

The IRS is NOT LOOKING OUR FOR YOU, BUT TAX RELIEF SERVICES IS!

If you’re in a situation where the IRS is hounding your, then we should chat. You don’t want to wind up in a situation where the IRS simply pigeon-holes you into the situation that is most convenient for them, leaving you unable to pay other monthly bills. Just schedule a time to chat:

WWW.TAXRELIEFSERVICES.COM

CALL TODAY!

TAX PROBLEMS DON’T GO AWAY!

808.589.232

#accounting #tax relief #taxreduction #tax #personal debt #tax expert #tax help #taxprofessional #tax reprieve #taxpayers #irs #financial #taxes #business #tax return #tax preparation

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jass22 · 21 days

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Navigating Colorado Payroll and Taxation: A Comprehensive Guide.

Subheadings:

Understanding Colorado Payroll Taxes

Navigating Colorado State Tax Filing

Internal Revenue Service in Colorado: What You Need to Know

Payroll Management in Colorado: Best Practices

Tax Dispute Resolution in Colorado: Your Options

Seeking Tax Help in Colorado: Resources and Assistance

Tax Resolution Services in Colorado: How They Can Help

Summary:

Navigating payroll and taxation in Colorado requires a comprehensive understanding of state-specific regulations and federal mandates. From managing payroll taxes to filing state taxes and resolving disputes, individuals and businesses must stay informed and compliant. This blog explores key aspects of Colorado payroll and taxation, providing insights into state tax filing, IRS operations, payroll management best practices, tax dispute resolution options, and available assistance services. Whether you're a taxpayer or a business owner, this guide aims to equip you with the knowledge needed to navigate Colorado's complex tax landscape effectively.

For personalized assistance with Colorado payroll and taxation matters, call [Pro Automations] now!

Understanding Colorado Payroll Taxes: Colorado imposes various payroll taxes, including state income tax, federal income tax, Social Security tax, and Medicare tax. Employers are responsible for withholding these taxes from employees' paychecks and remitting them to the appropriate tax authorities. Understanding the rates, thresholds, and filing requirements is essential for accurate payroll management.

Navigating Colorado State Tax Filing: Colorado residents must file state income tax returns annually, typically by April 15th. The Colorado Department of Revenue oversees state tax administration, and taxpayers can file online or by mail. Deductions, credits, and exemptions may impact the amount owed or refunded, making it crucial to understand applicable tax laws and regulations.

Internal Revenue Service in Colorado: What You Need to Know: The Internal Revenue Service (IRS) operates in Colorado, enforcing federal tax laws and providing taxpayer assistance. Taxpayers can access IRS services online, by phone, or in person at local IRS offices. Understanding IRS procedures, deadlines, and available resources can streamline federal tax compliance and resolution processes.

Payroll Management in Colorado: Best Practices: Effective payroll management involves accurate record-keeping, timely tax withholding, and compliance with state and federal regulations. Employers must stay updated on changes in tax laws and maintain meticulous payroll records to ensure accuracy and avoid penalties. Leveraging payroll software and consulting with tax professionals can streamline payroll processes and minimize compliance risks.

Tax Dispute Resolution in Colorado: Your Options: Taxpayers facing disputes with the Colorado Department of Revenue, or the IRS have various resolution options, including informal negotiations, appeals, and formal hearings. Understanding the dispute resolution process, gathering supporting documentation, and seeking professional assistance can increase the likelihood of a favorable outcome. Prompt action and compliance with deadlines are crucial when resolving tax disputes.

Seeking Tax Help in Colorado: Resources and Assistance: Colorado offers various resources and assistance programs to help taxpayers navigate complex tax issues. From free tax preparation services for low-income individuals to taxpayer advocacy services, accessing available support can alleviate financial burdens and ensure compliance with tax laws. Additionally, online resources, workshops, and seminars provide valuable information on tax-related topics.

Tax Resolution Services in Colorado: How They Can Help: Tax resolution services specialize in assisting taxpayers with resolving tax debts, audits, and other tax-related challenges. These professionals offer expertise in negotiating with tax authorities, developing repayment plans, and representing clients in disputes. By leveraging their knowledge and experience, taxpayers can effectively address tax issues and achieve favorable outcomes.

Conclusion:

Navigating Colorado's payroll and taxation landscape requires diligence, understanding, and access to relevant resources. Whether you're managing payroll for your business or filing taxes as an individual, staying informed about state and federal regulations is essential. By leveraging available assistance services, seeking professional guidance, and maintaining compliance with tax laws, you can navigate Colorado's tax environment with confidence and peace of mind.

#Colorado payroll #Colorado state tax filing #IRS Colorado #payroll management #tax dispute resolution #tax help #tax resolution services #Colorado tax assistance #tax compliance.

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howardtaxprepllc · 4 months

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Make The Closing Statement Work for You When Buying Rental Property.

"When you buy rental property, tax law divides your loan costs into two categories: Costs you incur to obtain the loan. Costs, like points, that decrease the mortgage interest rate."

Photo by Ivan Samkov on Pexels.com In our South Loop of Chicago Tax Preparation office, and our Homewood, Il tax preparation office, we often come across taxpayers that want to reduce their tax bill and save money (legally). Because we specialize in small business owner and real estate investor tax preparation & tax planning, we often come into contact with new landlords. Most of your purchase…

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#Business Taxes #entrepreneur #landlord #real estate #Self Employed #tax help #taxes

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bigolbard · 7 months

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Are @mcalistersdeli teas tax deductible? Asking for myself

#i have a tea problem #where my tea lads at #iced tea #sweet tea #tax help #McAlister's deli

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mitsdedistance · 1 year

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zoe-oneesama · 3 days

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Just curious since i was re reading Scarlet Ladt recently. Did u ever made a doodle of Ivan with a outfit based on his akuma form? Since the episodes where he was akumatized had Scarlet Lady and Chat Noir for the headers instead of him.

Look forward to it if I can ever figure out the logistics of how to sell this series in book form without getting a cease and desist from France.

#yea I'm still trying to get this figured out #doesn't help that taxes really took a chunk out of me so I can't order drafts right now 🙃#my art #sl art #ivan #ivan bruel #sl fashion

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warnerlibrary · 1 year

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AARP TAX AIDE, 2/7 - 4/18

AARP Tax-Aide is opening for the upcoming tax season on Tuesday, Feb. 7, 2023, at Warner Library. AARP is committed to providing tax services that are safe for all. We ask that you please wear a mask. Our Tarrytown site will offer in-person services on a walk-in basis. Please call us at 914-348-3292 with questions about our program at Warner Library. Please leave a message and we will return…

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#Adult Programs #General #services #Tax Help

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taxreliefservices · 10 months

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Are you really an Innocent Spouse?

The IRS might think so!

But it won’t be easy !

You May Be Eligible!

You may request innocent spouse relief if:

You filed a joint return with your spouse

Your taxes were understated due to errors on your return

You didn't know about the errors

Errors that cause understated taxes include:

Unreported income

Incorrect deductions or credits

Incorrect values given for assets

When you file a joint tax return with your spouse, regardless of how you file, you are both responsible for the tax and any interest or penalty due.

This is true even if:

You later divorce

A divorce decree states that your spouse is responsible for the taxes

Your spouse earned all of the income

The IRS considers many facts about your situation before a decision is made.

You are not eligible for relief in any year when:

You signed an offer in compromise with the IRS

You signed a closing agreement with the IRS covering the same taxes

A court made a final decision denying you relief

You participated in a related court proceeding and didn't ask for relief

Types of Innocent Spouse Relief

When you apply for innocent spouse relief, review all types of relief if you are eligible. You don't have to request them separately.

Separation of Liability Relief

If your joint tax return understated the amount of taxes due and you are divorced, separated or no longer living with your spouse, you may be able to pay only your share of the understated taxes.

Equitable Relief

If you are not eligible for other forms of relief, you may get relief from paying taxes that your spouse understated or underpaid if it would be unfair to hold you responsible based on all the facts and circumstances.

Just another method to rid yourself of a martial liability if you qualify.

www.taxreliefservices.com

#tax relief #taxreduction #accounting #tax #tax expert #tax help #taxprofessional #tax reprieve #personal debt #taxpayers #innocent spouse

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p-oconnor · 1 year

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Do you feel Mcmullen property taxes are overvalued? Turn into O'Connor side, get solution and reduce your property tax with a help of Tax reduction experts in Texas. Visit us https://mcmullencountypropertytaxtrends.com/tax-protests-filed/ to know more.

#Mcmullen County Property Tax #Tax help #property tax reduction #Tax reduction experts #Property taxes

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legalntax · 1 year

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Legal Tax Services India - Expert Tax Advisors

Legal Tax Services India is a leading provider of tax advisory services, helping individuals and businesses navigate the complex world of taxes. Our team of expert tax advisors offers comprehensive solutions, including tax planning, tax preparation, and tax representation. Trust us to handle all of your tax needs and help you maximize your savings. Contact us today for a consultation.

#Tax Services #Tax Planning #Tax Preparation #Tax Representation #Tax Advisors #Tax Solutions #Tax Savings #Legal Tax Services India #Expert Tax Advisors #Tax Advice #Tax Filing #Tax Preparation Services #Tax Consultants #Tax Law #Tax Returns #Tax Help #Tax Solutions for Businesses #Tax Solutions for Individuals

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howardtaxprepllc · 4 months

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Make The Closing Statement Work for You When Buying Rental Property.

In our South Loop of Chicago Tax Preparation office, and our Homewood, Il tax preparation office, we often come across taxpayers that want to reduce their tax bill and save money (legally). Because we specialize in small business owner and real estate investor tax preparation & tax planning, we often come into contact with new landlords. Most of your purchase costs when acquiring a rental…

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#entrepreneur #landlord #rental property #small business #tax help #tax preparation #TAXES

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urgenttaxhelp · 1 year

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Best tax attorney in the USA | Instant tax solution | Urgent Tax Help

2.4 million Americans owe the IRS money. The IRS is the world's largest and most powerful debt collection company. In addition to seizing your bank account, house, and the car they can take your social security, your pension, and in some states even your driver's license. In other words, the IRS can ruin your life. If you're one of the millions of Americans that have received a letter from the IRS notifying you of their intent to audit or even worse collection letters, wage garnishment, and/or bank levies, you need our help.

Urgent Tax Help is here to help you because when you’re dealing with a tax issue, the worst thing you can do is do nothing at all! The best decision is to take the necessary first step and get help now!

If you require urgent assistance, please call 1-866-502-4167 for a free confidential consultation, Or Visit: https://urgenttaxhelp.org/.