2010 Taxes to 2025 Taxes

The Government Shutdown Blues: How It’s Hitting the IRS and Why It Sucks for All of Us

Steve — Sat, 25 Oct 2025 01:29:01 +0000

If you have kept yourself up to date with the latest news or if you have been trying to get in touch with the IRS without going crazy, you surely have felt the burden imposed by this never-ending government shutdown. Today is October 24, 2025, and we are on day 24 of the longest complete federal shutdown in U.S. history. Indeed, this shutdown has surpassed the dramatic one that lasted from 2018 to 2019. The situation is pretty ridiculous as Congress has literally shut down the entire country over a budget dispute and the IRS is the one taking the … Read the rest

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Crypto Tax Strategies: How to Minimize Your Tax Liability

Steve — Thu, 21 Nov 2024 23:58:31 +0000

Cryptocurrencies have changed the view toward finance and opened incredible new opportunities for investors. Still, it’s fair to say the least that paying taxes with cryptocurrency can be more of a mess than it really needs to be. Hence, what follows are legally usable but still effective Crypto Tax Strategies to practice with regard to minimizing tax liability on cryptocurrencies.

Crypto Tax Strategies

Understanding How Cryptocurrency is Taxed

The IRS does not, seemingly, consider cryptocurrencies as valid currencies, but instead, treats them as being on the same level as property. That, in turn, could possibly mean that any disposal of … Read the rest

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TurboTax Freedom Edition: An Overview

Steve — Sat, 28 Oct 2023 00:02:30 +0000

The TurboTax Freedom Edition, not to be confused with the regular Free Version, is a tax preparation software offered by Intuit¹. It’s designed for individuals with simple tax returns and offers free federal and state tax preparation⁴.

TurboTax Freedom Edition

Who Can Use It?

The Freedom Edition is ideal for those with W-2 income and those looking to maximize tax credits for dependents¹. It’s also suitable for individuals who qualify for the Earned Income Tax Credit (EIC) and Child Tax Credit¹.

Features

The software is user-friendly and guides users step-by-step through the tax filing process¹. It allows users to … Read the rest

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A Closer Look at the Inflation Reduction Act of 2022

Steve — Sat, 04 Mar 2023 03:47:50 +0000

Wondering what the Inflation Reduction Act of 2022 is? Look no further than this informative post that breaks down every aspect of the act.

Inflation Reduction Act

The Inflation Reduction Act of 2022 has been making headlines around the world, especially in the financial and political spheres. This new act is designed to combat rising inflation by introducing several changes in government policy. If you’re interested in learning more about what this act entails and what it means for the future, keep reading.

What is the Inflation Reduction Act of 2022?

The Act is a set of government policies … Read the rest

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Missed the April Tax Deadline 2022?

Steve — Fri, 29 Apr 2022 02:34:14 +0000

Tax season is here again, and if you’ve missed the April Tax deadline 2022, you have some important decisions to make. First thing’s first: what should you do if you missed the April 15th Tax Deadline? You can do three things.

April 18 was the deadline to file your tax return. If you missed the filing deadline and need more time, we can help. Apply for an extension of time to file your return by April 18. Depending on your situation, you don’t have to pay any additional taxes due by doing this. The extension gives you until Oct. … Read the rest

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H&R Block Advisors Agrees To Making The Tax Code Less Complicated

Steve — Thu, 25 Feb 2016 19:23:26 +0000

H&R Block At Home is profitable because most people don’t like to do their own taxes. So, it seems weird that the company is all in favor of making the 74,000 page tax code easier to understand. The CEO of H&R Block Advisors, Bill Cobb, supports deliberations that are underway to make this happen.

He spoke on CNBC’s “Squawk Box” and said that there are things that can be done to simply the code. But he also said that it doesn’t make sense splitting up the code just because it is too hard to understand.

FirmBee / Pixabay

But on … Read the rest

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Turbo Tax Advice New Filers Can Use From Intuit

Steve — Fri, 16 Oct 2015 02:52:18 +0000

When I filed my taxes for the first time, I didn’t have Turbotax or any other program to help me out, no Turbo Tax Advice. It was a very intimidating and scary process for me and I was constantly worried about messing up and having to pay a penalty to IRS. Filing for taxes is an easy job if you are aware of what you need to do. The following are some of the tips and 2015 Tax Advice that you can use as a first time tax filer:

The first thing that you need to do is to … Read the rest

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Government Report Shows Former IRS Employees Still Accessing Taxpayer Data

Steve — Thu, 02 Apr 2015 02:15:12 +0000

According to a recent Government Accountability Office report, the IRS continues to leave its vast computer systems without proper security. Private taxpayer data is vulnerable to hackers, fraudsters and former IRS employees. This GAO report tells of significant deficiencies relating to the financial reporting systems. Millions of Americans are rightfully concerned because they are required by law to file tax returns but worry about fraud.

The IRS must continue making improvements to taxpayer financial data controls. This news comes in the wake of a very unpleasant six weeks for taxpayers and the IRS. Taxpayers have entered this filing season with … Read the rest

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TurboTax Responds Well To Issues

Steve — Mon, 09 Mar 2015 00:16:34 +0000

We are currently in the midst of the tax season, and many tax filers already received their refunds. These individuals should feel happy and lucky because there is an issue currently afflicting the tax industry. Based on recent reports from the TheBestCompanys.com, some individuals are not receiving the refunds they were expecting. Apparently, identity thieves found a way to claim and steal from these unsuspecting individuals. Try using TurboTax 2015 next year.

Since the start of the year, internet fraud on the Turbotax 2015 free platform increased by approximately 37%. This percentage includes suspicious filers and filers who had … Read the rest

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Maximize Your Refund With TurboTax

Steve — Fri, 02 Jan 2015 00:30:53 +0000

If you are using TurboTax 2015 to Maximize Your Refund while filing, the software can save you a lot of time by transferring last year’s information into the current year, explains Frank Ellis, a tax specialist.

In an article in the Traverse City based Tax Preparation Examiner, Ellis explains in detail how users can simply use last year’s information and then submit their return to the IRS with the up to date information.

Users are also able to use TurboTax 2015 to get the largest possible refund, and Ellis tells you how to do this by explaining how to … Read the rest

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