E - File your 1040, 1040a or 1040ez

File your tax return for the following states for FREE at the same time as your federal:

Supported States: AL, AR, AZ, CA, CO, CT, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, NE, NJ, NM, NY, OH, OK, OR, PA, SC, UT, VA, WI, WV.

Start My Return
By clicking the button above you will be directed to our secure server to complete your return.

Archive for June, 2010

Pay Federal Taxes Online – Pay Taxes Online

Posted on: June 18th, 2010 by Joe Franklin

Why pay your federal taxes line? Why use Direct Debit to pay taxes online?

Electronic payments are safe and secure methods for paying individual income taxes online. We use Direct Debit for our customers who need to pay their federal income tax.

Paying taxes online with Direct Debit is free!

There are no additional charges for tax payment transactions.

Direct Debit very convenient.

  • You can e-file your balance due return early and schedule your payment for withdrawal on a future date.
  • Funds are automatically withdrawn based on the payment date you select.
  • You can also make a Form 1040-ES (Estimated Tax for Individuals) payment when you e-file your Form 1040. *
  • You can make a Form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Tax Return) payment when you file Form 4868 electronically or use TeleFile.
  • Payments, except for Form 1040ES, can be scheduled for an effective date up to and including the return due date (April 17, 2009).  An estimated payment can be scheduled to be paid up to and including September 17, 2009.
  • It’s Safe and Secure!

    1. You receive an electronic acknowledgment once your IRS e-filereturn is accepted.  If you use TeleFile, once your return data is successfully entered, you receive a confirmation number at the end of the call.
    2. The tax payment is listed on your bank statement as further proof of payment.
    3. Your bank account information is safely stored along with other tax information.
    4. Only authorized withdrawals are made.

    It’s Convenient!

    1. You can e-file early and, by making a credit card payment, delay out-of-pocket expenses.
    2. You can e-file (or mail a paper return) and initiate a payment by phone or Internet.
    3. You can also make Form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Tax Return) and Form 1040-ES (Estimated Tax for Individuals) payments by phone and Internet.*
    4. In addition, you may earn miles, points, rewards or money back from your credit card issuer.
    5. It’s Safe and Secure!
    6. You receive an electronic acknowledgment once your e-file return is accepted and the credit card transaction is authorized.
    7. If you pay by phone or Internet, you receive a confirmation number at the end of the transaction.
    8. The tax payment is listed on your credit card billing statement as further proof of payment.
    9. The IRS does not receive or store credit card numbers.

    IRS Tax Forms – Find the Tax Form You Need

    Posted on: June 18th, 2010 by Joe Franklin

    Filing a federal tax return can be a headache if you don’t have the right forms.

    Because we at Free 1040 Tax Return also have to file our tax returns, we understand the ins and out of filing a tax return and know what it takes to file our own taxes, we have put together a list of IRS Tax Forms that we support. If we have what you need feel free to start your federal tax return with us.

    Tax Forms that we support:

    – 1040 – 1040A – 1040EZ
    – W2 Wages & Earnings
    – W-2G Gambling Winnings
    – 1099G Unemployment Compensation
    – 1099R
    – Schedule A
    – Schedule B
    – Schedule C
    – Schedule D
    – Schedule E
    – Schedule EIC
    – Schedule L
    – Schedule M
    – Schedule R
    – Schedule SE
    – Form 982
    – Form 2106
    – Form 2441
    – Form 3903
    – Form 4137
    – Form 4684
    – Form 5329
    – Form 5405
    – Form 5695
    – Form 6251
    – Form 8283
    – Form 8606
    – Form 8615
    – Form 8812
    – Form 8814
    – Form 8829
    – Form 8862
    – Form 8863
    – Form 8880
    – Form 8888
    – Form 8889
    – Form 8917
    – Form 8949
    – Form 4868 Extension of time to file

    Why Income Tax Tables Are Important to Understand

    Posted on: June 10th, 2010 by Joe Franklin

    When it comes to properly filling out your tax returns each year, you really do want to do all that you can to ensure that you know as much as possible about the taxation rules and the process itself. For those who pay taxes in the United States, the IRS has designed quite a bit of regulation in an attempt to make the process fair for those at different levels of income and this is where the income tax tables come into play. Over time the information in these tax tables will change, so it is a good idea to check them out each year and make sure that you have the most up to date tables that you can so you can avoid any sort of hassles that might cause you to input incorrect information. The quick way to raising red flags, making your refund late or even ending up being audited by the IRS is to use the wrong tax table information. That’s why it will always be in your best interest to understand these tables and use them the way they are supposed to be used in your particular financial circumstances.

    The tax brackets don’t only affect federal income tax filers, they also affect those who are paying state income tax, so you need to make sure you have the correct tables for your state, too. The tax tables for federal income tax are designed to show you what percentage your tax rate will be. The rates range from 10%, at the lowest possible end of the spectrum, right on up to 35% for those who earn the most amount of income this year. While the amount for each tax bracket increases as your income goes higher, the brackets start at different levels depending on which status you are filing at. For example, in the first bracket those who are filing Single will pay 10% on income between the zero and $8,350 this year, but those who are Married Filing Jointly will pay the same exact percentage on income between zero and $16,700, so make sure you pay attention to your filing status in order to keep your return correct. As a general rule, it is best to double check with a professional tax expert to make sure you are calculating your taxes correctly once you get into the higher tax brackets because those higher mid-earning brackets is where the IRS tends to focus its audits.

    Getting Prepared for Those Seeking Income Tax Help

    Posted on: June 10th, 2010 by Joe Franklin

    No matter which way you plan to get your taxes done this year, it is certainly a smart move to make sure that you are prepared in advance so that the process goes by as smoothly as possible. Whether you are taking the safe route and hiring the services of an expert tax preparation team or simply turning to a friend that has some level of experience in helping people with their taxes, you will need the same documents and information ready to go. A word of warning, though, is that you really do get what you pay for and when it comes to the Internal Revenue Service of the US federal government, it is certainly a good idea to make sure that the income tax help you receive is both appropriate and correct. There are few things worse than finding out that the form has been filled out incorrectly so that you not only do not get a refund, but actually owe money. Once you have decided, though, you will need to make sure that you have your documents together because regardless of who helps you file, making multiple trips back and forth due to not knowing what you needed in advance will slow the process down greatly.

    First off, make sure that you have Social Security number not only for yourself, but for your spouse and any dependents you plan to claim. Having this information up front, along with the dates of birth for each person who will be on your tax form is a great start for those getting income tax help. Next, you will need proof of ID such as your driver’s license or state ID and your bank account and routing numbers if you plan on making use of the direct deposit method for your tax refund this year. Having a copy of last year’s federal and state tax returns is going to make things easier, as is having together your Form W-2 or Form W-2G for those who earn a living through wages from an employer. Those who do independent contracting work such as freelance jobs will want to have their 1099 forms ready to go, as well. Dividend and interest statements from any banks you use will be helpful, and keep in mind that if you are a married couple, both of you will need to be present to sign the tax documents before they are filed. Be sure the schedule things correctly if this is the case so that you can both be there when the time for your signatures arrives.

    You Don’t Have To Be An Expert to Understand Income Taxes

    Posted on: June 10th, 2010 by Joe Franklin

    Plenty of people living in the United States today understand that they have to pay taxes of all kinds, from sales tax to taxes on gasoline and other commodities. We all know about income taxes because almost all of us have to file for them each year, even if we end up getting a refund. However, not all people understand what income taxes are actually all about. While citizens are a large part of the tax base for this type of tax in the US, corporations and other business entities also pay a tax on their earnings, as well. Corporate tax is the term typically used to describe the taxes that companies pay, but there are other ways to describe taxation on sources of income. This history of this type of taxes is, of course, quite long and extends back far before the United States was founded, existing even in ancient China where historians believe that the first taxes of this kind were introduced as a system to collect revenue for the Han Dynasty. Prior to this different tax systems existed, but none charged a percentage of one’s income until more modern times.

    This type of government funding could not be properly instituted until currency came about and a system of record keeping, using a written language, could be utilized. Income taxes are really only solid solutions for large groups of people such as a nation because they are an effort to be fair to all those involved in providing an income source for the government itself, viewed as a common source of national defense, social safety net and other features common among developed countries in our modern age. When you pay this kind of tax you are directly financing the government’s services for yourself and others in a way that is commonly agreed upon, even if not particularly liked. Other types of tax on incomes beyond personal and corporate include payroll tax, inheritance tax and capital gains tax. Since its first start in the US towards the end of the 19th century, this type of tax has plenty of people criticizing it, but in today’s world it is the tax we must pay. Without it, many of the advantages Americans enjoy today would not be available. Until something different comes along, it is income tax that we will all continue to pay each year in an effort to fulfill our duties as citizens and hopefully, build a better nation as we go.

    Which of the Income Tax Return Forms is Right for You?

    Posted on: June 10th, 2010 by Joe Franklin

    For many average people who are not tax field or accounting professionals, tax season can come more than its fair share of confusion. There is definitely a lot that you need to know in order to make sure that you get your taxes filled out the right way and one of the most basic things you are going to need to know is which one of the income tax return forms will work best for your situation this year. Each year, all of us have an opportunity to choose the form that suits us best and you may find that this year you choose a different form than you have in the past because your situation is different than it was before. That’s fine and you should not worry because the real trick here is using the simplest tax form that meets your needs if you want to be able to process the return quickly and get your refund direct deposit or check back just as fast. Of course, speed is not the only thing that matters, so be sure you know which of the forms you are eligible for first since you don’t want to run into any hassles with the IRS if you can possibly avoid it.

    The most commonly utilized of all the forms for most Americans are always going to be those in the 1040 series. These are the income tax return forms you have probably heard of: 1040 EZ, 1040A and 1040, the longest of the bunch. The 1040 EZ is, as its name suggests, the easiest form out there to fill out, but 1040A is also fairly simple, being known as ‘the short form’. Form 1040 is, of course, the longest and most complex of the forms available from the federal Internal Revenue Service, but it is also the most comprehensive so it will work for any income tax situation, no matter how complicated that case might be. With the 1040 EZ you need to make sure that you are okay with only filing for the Standard Deduction and the Earned Income Tax Credit because you do not get many other benefits, but it is very fast to complete. With the 1040A you have more options, but you still can not earn over $100,000 this year and still use it, but at the same time since it does offer a few deductions it can be a decent solution. The basic rule of thumb is, when in doubt – use Form 1040.

    What All Taxpayers Need to Know for Income Tax Filing

    Posted on: June 10th, 2010 by Joe Franklin

    Every year millions and millions of citizens in the United States begin getting ready to file their taxes around the first of the year, in January. Many of them will not have all the appropriate forms filled out until closer to the April deadline, but if you want to be prepared in advance there are some things that you can get together so that you can be sure you will be ready for income tax filing on time. Certain documents will be helpful to you so having them together ahead of time is going to be a big help. You will obviously need your Social Security number so if you don’t have that memorized then have your card or other proof of citizenship handy. If you work for an employer then you may have to wait to get your Form W-2 sent back to you, but securing last year’s tax return is a great way to be prepared. The information contained on that tax form is used by the federal IRS to verify your status as a taxpayer and if you have dependents whom you plan to claim then it is a very good idea to have their Social Security numbers and dates of birth on hand before you begin, as well.

    Those who are self employed or running their own business will want to have a full record of both their income and expenses, but if you do work as a freelancer or independent contractor then having the proper 1099 forms is also important. Other expenditures that might be deductible, if you plan to itemize, should be available to you, as well. Education costs for you or your dependents is a major possibility for a deduction, as are expenses related to child care, but be sure to have the information for the child care providers ahead of time. Cash contributions to charities, medical or dental expenses, and real estate taxes are another category that give taxpayers solid deductions. To get the most applicable deductions that you possibly can it is best to seek professional tax advice, but either way you will also need to count all forms of money you have earned on your income tax filing. This means not only wages, but interest you have earned from savings accounts or other investments, alimony you have received, winnings from the lottery or other gambling pursuits, and anything you have earned from rental properties.

    Why So Many Choose Online Tax Services to Prepare Their Returns

    Posted on: June 10th, 2010 by Joe Franklin

    The simple fact of life for those in the United States today is that time is of essence no matter what it is that we are doing. When it comes to an already uncomfortable situation such as filing our taxes, it is definitely going to be much easier on us if we use online tax services to file our returns because these are designed to deliver the utmost in convenience and speed of processing. The fact is, unless you have a lot of time and experience with taxes, it can be a true headache trying to get your taxes done in time and still make sure that you get all of the deductions and credits that you deserve this year. When you miss out on these crucial details you end up getting a smaller refund and that is not a situation anyone wants to be in because we all enjoy the tax refunds we are entitled to each year if we have been over paying on our taxes all year long. The experienced tax specialists who run these services make their living by providing the very best in advice and since they know the system backwards and forwards, they can make the return process go by a whole lot quicker, too.

    As complicated as all the rules and laws that govern the state and federal tax systems are, it really does end up taking a real expert to get the most back for you each year. Statistics prove that the majority of American taxpayers end up paying the IRS hundreds of dollars more than they need to, every single year, simply because they are not well versed in the tricky language and structure of the tax legislation that governs our system here in the US.  Once you have online tax services looking out for you, you can rest easy because you know you are taken care of by people who have made a career out of helping taxpayers get the most back each year. This is definitely a strong point over having to do everything yourself and potentially losing out on quite a bit of money that could be useful for you and your family, particularly when the economy is a little bit rough the way it has been in recent years. The amount you spend for quality services is earned back several times over when you get that refund that puts a huge smile on your face and a good deal of cash back into your bank account.

    How to Keep an Eye on Your Tax Return Status

    Posted on: June 10th, 2010 by Joe Franklin

    One of the most difficult things about tax season is not always even the filing, but waiting for that refund check or to get your refund deposited into your bank account. A huge number of US taxpayers depend on their refunds to help them pay off a few bills or even add a little bit to the family budget. That’s why keeping an eye on your tax return status can help you rest easier. The Internal Revenue Service offers an official website that lets you file your returns online, but even if you go the traditional route and mail in your return, you will still be able to check the status of that return using their site. Be sure you only go to the official .gov site, though, because each year more scams pop up that try to convince taxpayers they are an official site of the IRS when they are merely data thieves trying to get your information to use in criminal schemes. Once you’ve arrived at the site you will see there is a tool called “Where’s My Refund?” that will give you the scoop on the status of your return in only a few minutes. The tool is available most of the time, but the IRS site will let you know if it is not available and if it is unavailable, when you should try it again.

    In order to use the tool properly you will need to have some information ahead of time. If you get together your Social Security number (and your spouse’s if you are filing together), as well as the amount of the refund that you had listed on your tax return, then you can check your tax refund status right away. Those who are mailing their forms in will need to wait four to six weeks before they check, but if you have filed online then you should be able to check in only thirty six hours. Remember, though, the IRS only issues checks on Fridays so you will want to wait a week before you check again if you have checked recently. The tool should give you the status of your return and let you know a basic arrival date for your check or direct deposit, depending upon which option you have selected. That is all you need to do and you get to see both the status of your return and your refund in a single glance.

    The Painless Way to Tackle Tax Return Preparation

    Posted on: June 10th, 2010 by Joe Franklin

    In order to make the ordeal of filing your taxes go by a whole lot quicker, you really should consider the ways that you can cut down time. Proper tax return preparation goes a long way towards making sure that you have everything you need once you are ready to file. The absolute best way to be prepared when tax return time rolls around is by making sure that you have done what you could from the 1st day of January and all through the year. Yes, no likes to hear it at the end of the year, but when you start keeping records in the beginning of the year, you will have a far simpler time when April 15th begins to loom. The main thing that gets people frustrated is trying to find all of the documents they need at the end of the year because they didn’t have a plan to organize them already in place. If you simply create three main categories then you will find that you have an easy time once spring arrives. All you really need are folders or other storage containers for all the paperwork in these three categories: your investments like property or stocks, your income such as pay stubs from your pay checks, and expenses, the category that you want to put receipts into so you can earn deductions.

    Having these documents organized in advance will work as long as you simply add to them whenever something arrives in the mail that goes in any of the three folders. If it is already too late for that then have no fear because tax return preparation doesn’t have to be hard even if you have to do it at the last minute. Simply sort the documents you have available into those same three categories. Then, total up the amounts on a sheet of paper so that once you are filing out your returns, whether on paper or online, you will already have the numbers. Then get your ID and the Social Security numbers for yourself, your spouse if you’re filing jointly and any dependents that you need to claim, along with their birth dates. That’s really all you need to be prepared for tax time this year and it is on these details that most people get hung up. Now that you’ve got all of the information, you can expect things to flow smoothly, especially if you have sound advice.