IRS,Free,File,Not,Free-For-All finance, share, loan IRS Free File Is Not A Free-For-All
Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track
Looking for a way to reduce the cost of income taxpreparation this year? Then you came to the right place --maybe!The IRS has launched a new program this year -- it's called"Free File", and it enables you to prepare and e-file yourpersonal income tax return online for free.But, alas, there is no free lunch and likewise this"free" program isn't really free for everyone. You haveto meet certain eligibility requirements to take advantageof Free File, so read on!Simply put, Free File is a new government program thatenables certain qualifying individuals to both prepareand e-file their income tax returns for free -- online.The IRS has entered into a partnership with 17 privatetax software companies who each offer their services tothe public at no cost.But here's the catch: not everyone qualifies, and eachof the 17 software companies has different eligibilityrequirements.Generally speaking, lower income people qualify, asdo people of certain ages and those who live in certainstates.(Gee, sounds confusing, doesn't it? Guess that's whyit's a government program.)There are 3 main requirements. You only have tomeet one of these criteria to qualify:1. Income -- if your income is below the following amounts, you qualify. Take note: there are severaldifferent qualifying amounts, depending on thesoftware vendor.TurboTax -- $27,000FreeTaxReturns.com -- $28,000H&R Block -- $28,000TaxBrain -- $12,000CompleteTax -- $33,000Efile-Tax-Returns.com -- $28,000FreeTaxUSA.com -- $30,000TAXSLAYER.COM -- $30,000TAX$IMPLE -- $28,000Free1040TaxReturns.com -- $25,000ezTaxReturn.com -- $40,000TaxEngine -- $9,200Only one vendor allows you to qualify if your incomeis above a certain amount. TaxACT.com is free if yourincome is greater than $50,000.2. Age -- if you are above or below a certain age, you qualify.TaxBrain -- age 50 or olderOnLineTaxes -- age 20 or younger3. State of residence -- if you happen to live inone of the following states, you qualify.FileYourTaxes.com -- Arizona, Georgia, Michiganor WisconsineSmartTax.com -- Illinois, N. Carolina, Ohio orGeorgiaAnd there's one more: TAXSLAYER.COM lets allActive Duty Military personnel file for free.Here's a few points to keep in mind.First, you still have to prepare the returnyourself, and you have to do it online at the websiteof each software company. So, the point here isobvious: Free File is a viable option fordo-it-yourself-ers only.If you're not inclined to prepare your returnyourself, Free File is not for you.Second, you must use the vendors web-basedtax preparation software and you also must e-file rightfrom the vendor's website. Maybe you've been usingone particular software for awhile -- your softwarecompany may not even be in this program, so you'llhave to learn a new program, which may not be worththe extra time.Third, and most importantly -- all this hype aboutFree File is really a mute point if you don't qualify.And most middle-class and upper-class folk don'tqualify.If you make more than $50,000 and happen to likeTaxACT.com, you're in business. Or if you happen to livein one of 7 states, you're also in luck.Otherwise, this program is probably more for yourchildren than for you.To get all the details, go to the IRS website athttp://www.irs.gov and click on "Free Online Filing -- Are You Eligible". You'll find complete informationon the program, including links to all 17 vendors,and a Frequently Asked Questions page. Enjoy! Article Tags: Free File
IRS,Free,File,Not,Free-For-All