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A true audit happens to very few people every year. More common are correspondence audits and adjustment letters, which are not like the audits you hear horror stories about. Find out more here. Full story
IRAs can be a powerful tool that can help you build your finances, prepare for a better retirement, and get a hefty savings at tax time. Find out more. Full story
A K-1 is a tax form distributed by many partnerships, S-Corps, estates, and trusts. If you are a general or limited partner of a partnership, a shareholder in an S-Corp, or the beneficiary of an estate or trust, you’re likely to receive a K-1. Find out more here.
Just in time for tax season 2011, today, Intuit announced that TurboTax has added another offer to the robust suite of mobile apps available to taxpayers. Full story
You can find an app for just about everything from buying coffee to doing your tax return. Since TurboTax Android App launched today we thought it would be a good idea to share our infographic on how people use mobile apps. Full story
Whether we’re talking about the Super Bowl, Fantasy Football, or March Madness, we all may have to pay “sin” tax. Check out our infographic showing how much revenue is generated from March Madness and Sin Tax. Full story
TurboTax announced that TurboTax Inner Circle reached its 100th customer-driven product enhancement. Full story
Tax time is in full swing and if you are employed, you should have received your W-2 by the end of January. This year you may find something different on your form. Full story
There’s great news for working taxpayers this week. On February 22, the President signed the payroll tax holiday into law. Find out more. Full story
Whether you plan to go out on a simple date to see the latest movie like Battleship staring Rihanna or to a Lady Gaga concert, the price you pay to impress your date can set you back. Hopefully you held on to some of your tax refund. Check out our infographic to see how much a “(not so) cheap date” cost in cities around the world. Full story
If you’re planning your wedding this year you may be amazed at how expensive it can be. With some planning, you can have the wedding you’ve wanted and cut costs on your wedding expenses. Depending on your situation you may also get to deduct some of your wedding costs.
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With tax refunds in hand, vacation spending is on the rise this year with the majority of traveling Americans expected to spend the same or more on their travel excursions. Before you hit the road, check out our infographic presentation, which shows how Americans plan to spend vacations and compares value added taxes in some of the more popular travel destinations. Full story
Now that your tax return is prepared, it’s time for some spring cleaning, but how long must you keep records before you can throw them out? Find out more here.
What if we missed a form? What’s the procedure for that? In that case we may need to amend our tax returns. For anyone who thinks that may have to do that, here is some information to help it be as painless as possible. Full story
The IRS Oversight Board Released its 2011 Taxpayer Attitude Survey this year and according to the survey, most taxpayers show strong support for the federal tax code. Check out our infographic to see what the survey reveals about how taxpayers feel about paying taxes. Full story
If you haven’t already filed your taxes and were a victim of recent severe storms, flooding, or disasters you may have more time to pay taxes and file your tax returns if you were affected and in counties designated as federal disaster areas qualifying for individual assistance.
In observation of Earth Day (April 22), we thought it would be timely to explore environmental taxes. Find out more here. Full story
According to the IRS, 28% of taxpayers wait until the last couple of weeks to file their taxes, but just why do taxpayers wait. Whether you scrambled to the tax (deadline) finish line or filed an extension, here is our infographic showing the who, what, and why of late tax filing. Full story
Normally, since you didn’t pay taxes, you aren’t eligible for a tax refund. But there are conditions that can result in being able to receive a tax refund, even if you are exempt from paying taxes. Full story
TurboTax asks you questions in plain English, and puts your answers on the right tax forms. What could be simpler?
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Tax Break: The TurboTax Blog It's all about the refund.