1. 2020 Tax Software Choices

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    The IRS will start accepting our tax returns soon and here is a summary of what’s available this year from the leaders in online tax filing: TurboTax and H&R Block. Note: There actually seem to be too many products available making it difficult to make a decision, which one to...
  2. Do your Taxes for Free with TurboTax Free Edition (2020 Update)

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    TurboTax has just rolled out a new promotion towards an estimated 60 million taxpayers who file taxes on form 1040A or 1040EZ. It is called the Free Edition and it’s free to file state and federal. Additional features of this special tax deal include: Preparation of Affordable Care Act forms....
  3. What’s TaxProGo? 2020 Tax Preparation Tips

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    H&R Block has been airing many commercials in the recent days and the one that caught my attention is about TaxProGo. It showcases individuals who are “doing their taxes;” in reality, these people from different walks of life just go about their daily routines, while someone else handles the taxes....
  4. What is the best option for Free Filers? 2020 Tax Tips

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    Many taxpayers will be able to file their taxes for free this year. The good news is that all the major tax preparation software companies offer some form of free filing option. The bad news is that it can be limited and the free offering isn’t homogenous for easy comparison....
  5. Get Your Tax Refund Early in Advance – 2020 Tax Tips

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    Tax season is just around the corner and even though the IRS is not accepting the returns just yet, there are already options out there to get the refund early. H&R Block offers some type of early refund advance every year and there are already details on what’s available this...
  6. Filing Taxes During A Government Shutdown

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    It appears that despite all the partisan politics, the lawmakers were able to agree on the government spending bill and avoid the government shutdown. The proposed budget still needs the president’s signature, so it is anything but a done deal. Multiple media outlets have reported that the president intends to...
  7. The 2020 Tax Season is Here – Get Ready To File Your Taxes

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    With tax season here again, this is a very good time to start thinking about taxes and getting your documents in order. It is also the last chance to make adjustments (between now and December 31st) that will impact what you will report early next year. There are few other...
  8. Can non-resident aliens use TurboTax? 2020 Update

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    Yes! Non-resident aliens earning money or doing business in the U.S. have to file U.S. tax returns. The appropriate form is 1040NR or 1040NR-EZ. TurboTax, as well as other tax preparation software like H&R Block at Home, does not support those forms. A non-resident alien can either use services of...
  9. Using TurboTax 2020 vs. a CPA Accountant to do Your Taxes

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    This year millions of Americans will seek an accountants’ help in their tax return preparations; others will do taxes themselves filling out forms or using tax preparation software like TurboTax or H&R Block at Home. The question arises, why some people do it themselves while others have the returns prepared...
  10. How To File a 2020 Tax Extension with TurboTax

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    The April 15th tax deadline may not be enough time for some of you to file your tax returns — But that’s ok! You can request for a tax extension to get some more time to organize all the necessary documents. If you’re using TurboTax to file taxes this year,...