Sunday, 10 March 2013

2012 – 2013 H&R Block Tax Benefits

The first screen you see when you go to file your return is the “Your Year in Review” screen. It is a page of check boxes of things that may have happened in your life within the past year that have tax implications. Examples include marriage/divorce, birth/death, college, medical bills, military service, and buying/selling your house. This helps H&R Block determine what forms will be applicable to your tax situation.
    H&R Block’s Help Center is on the side of the screen while you are filling out your return. Do you have a question about the standard deduction versus itemized deductions? Type in your question and a window pops up giving you the information you need. Better yet, your return isn’t interrupted by a screen change.
    If you qualify for 2012 -2013 H&R Block’s Free File program and you live in Alabama, Arkansas, Georgia, Indiana, Michigan, Missouri, New York, North Carolina, Oklahoma, Oregon, South Carolina, or Virginia, you can electronically file your state return for free. All other state returns are $14.95 each.


2012 – 2013 H&R Block Tax Facts

Facts
    2012 – 2013 H&R Block is available for taxpayers with an Adjusted Gross Income of $57,000 or less, under the age of 52, and living in the United States.
    Filers can electronically file federal returns for free and state returns for $14.95 (or free, if your state is eligible for free file).
    Options are available for taxpayers who do not meet the age or income requirements for Free File. The Basic package is for simple tax solutions and is $19.95 for federal returns and $34.95 for state. The Deluxe package is for investors and homeowners and costs $29.95 for federal and $34.95 for state.


Friday, 8 March 2013

March 15, 2013 – The Deadline For Corporate Tax Returns

As tax season draws nearer, you should be aware of important upcoming deadlines.For instance, March 15, 2013 is the deadline for corporate tax returns (Forms 1120, 1120A, and 1120S), or to request an automatic six-month extension of time to file (Form 7004).This is also your final deadline to file an amended corporate tax return (Form 1120X) for tax year 2009 and still claim a tax refund. For more information, or if you’d like to hire a full-charge bookkeeper to consult your financial information for your CPA, contact us at Mark’s Bookkeeping Services.