Here are some tips for Free tax preparation

e-file is becoming very popular these days for filing Income taxes. E-file is a very convenient method to take care of your money matters and you might be able to e-file your taxes for free, if you meet the criteria.

Free Tax Preparation:

This year, many companies are providing you a chance to file your tax returns for free. If you meet certain requirements, then you can also avail this benefit. Many companies are offering discounts too. You can find the list of free tax return preparers on the IRS website. Apart from e-filing, the IRS provides free fillable forms. The Free Fillable Forms can be a great help to get your taxes done quickly and with great convenience.

Some Important Tips:

· If you want to get your purchases financed, you should make use of free tax estimator tools. The tax calculator is based on RS 1040, 1040A, and 1040EZ federal income tax forms. You do not need to add any confidential personal information to make use of tax estimator tools.

· Another advantage of using the tax calculator or tax estimator is that it does not store any information and is not intended to manually file (mail in) or electronically file (efile) your tax return with the Internal Revenue Service (IRS).

· When you enter the most important tax information, the tax calculator will provide you with a tax estimate instantly.

· It also helps to find how your federal income taxes will be affected. It also helps you to plan and take important decisions like new job, marriage, divorce, mortgage refinancing, home or property purchase and much more.

· Your state income taxes may not be included while you go for free e-file. Some charge might be applicable to e-file you state tax return.

Need help with your taxes?

You can get free help for filing your tax. You can call up IRS taxpayers Assistance Centers for getting help on the same.

Beware of Scams:

Since the Tax season is in the air, you may find many scams rolling around. Be careful while choosing a reputed company. Before you start working with them, make sure that it is an “Authorized IRS e-file Provider”. If you can’t confirm something, call up an IRS Taxpayer Assistance Center.

June 29 2011 01:35 pm | Help Filling Tax Forms and How to file Taxes

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