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TurboTax Tax Freedom: Free Online Tax Filing for You!

Posted by Ginger Makales in Financial News | No Comments

Wondering where to find free online tax preparation and e-filing? The IRS is once again offering it’s Free File Alliance program. The program makes online tax preparation and e-filing available at no cost to low and middle-income taxpayers.

IRS Free File Alliance is a public-private partnership between the federal government and private tax preparation companies, including TurboTax maker Intuit.

People with an adjusted gross income of $57,000 or less can select from more than a dozen online tax preparation services.  That means about 70 percent of all taxpayers, or 95 million people, are eligible to use these free services.

Intuit has supported the Tax Freedom Edition for nearly a decade. In that time, we’ve donated more than 22 million federal and state tax returns through TurboTax Tax Freedom Online, to low and middle-income taxpayers.

For tax year 2011, anyone who qualifies for EITC, or is on active duty military with an AGI of $57,000 or less, or has an AGI of $31,000 or less can use TurboTax Online Tax Freedom Edition.

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Jan 19, 2012 Read More
Tags: Filing, Free Online, Free Online Tax, Online Tax

Specialist caravan insurance broker Cover4caravans goes wild with site revamp!

Posted by Ginger Makales in Financial News | No Comments

Specialist niche insurance broker Cover4caravans.co.uk today unveiled its new look website which gives a fresh, friendly and fun feel to buying caravan cover.

Richard Burgess, Director at Cover4Caravans, commented: “We have spent the last few months working very closely with our expert design team to update our website to make it friendlier and even easier to use as well as make it stand out from the rest!

“We are really excited about the results – a caravan insurance website that really epitomises what caravanning is all about – fun, nature, and the great outdoors!”

The new design which offers all the great quote and buy online benefits of the previous site but is even easier to navigate around features colourful wild animals and a fresher look and feel.

The revamped site also includes direct feeds from the Cover4caravans insurance blog and its Twitter page, as well as linking to its Facebook presence. This mean

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Jan 16, 2012 Read More
Tags: Broker Cover4caravans, Insurance Broker, Insurance Broker Cover4caravans, Site

PayPal Tax Forms – IRS 6050W

Posted by Ginger Makales in Financial News | No Comments

2011 will be the first year on record that business owners who use PayPal to process payments will have their own tax forms from PayPal.

The rules as passed require PayPal account owners to file another form to claim their online income on their taxes. This change came as part of the 2011 1099 changes, which require far more tax compliance work for small business owners.

PayPal IRS Form 6050W

The IRS Form 6050W is a new form required of online business owners who use an online payment service such as PayPal. Business owners will receive an IRS Form 6050W if they:

1) Compete more than 200 transactions from January 1, 2011 to December 31, 2011.

2) Complete more than $20,000 in total buying and selling volume.

These two criteria are a combination. Business owners must have both 200 transactions or more totaling $20,000 in the 2011 calendar year.

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Jan 08, 2012 Read More
Tags: Irs, Tax Forms

A Not-So-Fond Farewell to 2011

Posted by Ginger Makales in Financial News | No Comments

No one needs to be reminded that equity markets around the globe have not only disappointed this year, but have been mostly downright awful. Through December 20, the MSCI World index is lower by 10 percent, its first decline in three years, with many of its regional components lower by far more. It should come as little surprise that the Eurozone is down 24 percent, given the breathless anticipation surrounding seemingly one summit after another that have inevitably disappointed. Japan is down 19 percent, battered by its earthquake and weak export markets. And after a year of monetary policy tightening and slow global growth, emerging markets are lower by 21 percent. All of these returns are measured in dollars, but it wasn’t dollar strength that explained the dismal results. In fact, as measured by the DXY index, the dollar is unchanged on the year. It was weaker in the first half and stronger in the second, but is ending almost exactly where it began. N

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Dec 29, 2011 Read More

Unclaimed Tax Refunds – What They Are and How to Get Them Back

Posted by Ginger Makales in Financial News | No Comments

Did you know that every year there is upwards of a billion dollars in unclaimed federal tax refunds? It may come as a surprise that so many people are leaving their money on the table, but it’s true, and it happens every year. The reason these taxes go unclaimed vary, but the reason they don’t get mailed out is simple: The IRS won’t send out tax refunds if a federal income tax return hasn’t been filed. This means you have to be proactive.

Most unclaimed tax refunds belong to people who did not make much money during the year, and therefore are not required to file a tax return. That’s right, the IRS actually tells you that if you make below a certain amount each year, you don’t have to file a return. But that’s usually a mistake. Just because you don’t have to doesn’t mean you shouldn’t. Even though you didn’t make a lot of money you still probably had taxes deducted from your paychecks. With various tax cred

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Dec 16, 2011 Read More
Tags: Refunds, Tax Refunds

What to Know Before You Get a Payday Loan

Posted by Admin in Financial News | No Comments

There are many myths and rumors regarding payday loans (or quick loans as they are sometimes known). Because of some past issues with marketing and collections, the quick loan industry is viewed with some skepticism by many. But payday loans can help people who need a short-term loanto cover expenses or bills that may have cropped up unexpectedly. But it is important to know some of the key facts about payday loans. Here are a few you should know before you check out providers.

You must be employed to get a payday loan. Yes, a payday or quick loan is a way to get a quick cash advance, but you must have a regular income. Generally you must be able to show a minimum of $1000 a month. You must also be 18 years of age or older and reside in the U.S. Active military are also not generally eligible. Many lenders require that you have a bank or credit union account (either checking or savings).

You are not subject to a credit check with a payday loan. (…)

Dec 07, 2011 Read More
Tags: Payday Loan

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