Showing posts with label Tax Refund. Show all posts
Showing posts with label Tax Refund. Show all posts

Tuesday, October 14, 2014

2015 Tax Refund Calculator

2015 Tax Refund Calculator - 2015 tax refund estimator

 

2015 Tax Refund Calculator - Get your 2015 tax refund estimator here

 
CALCULATE YOUR 2015 REFUND - 2015 Tax Refund Calculator 

We want to make sure you get every dollar you're entitled to. Our 2015 Tax Refund Calculator should help you prepare for next year. 2015 Tax Refund Calculator is found here.

  • Our Tax Estimator calculates your refund or how much you'll owe in taxes.
  • The W-4 Calculator helps you understand your refund amount or balance due from your current W-4.
  • Estimate how the Affordable Care Act may affect you with our Health Care calculator.

This tax calculator is solely an estimation tool and should only be used to estimate your tax liability or refund. It should not be used for any other purpose, such as preparing a federal income tax return, or to estimate anything other than your own personal tax liability. We do not save the information you enter.

This tax calculator is provided on an as-is and as-available basis. We make no warranty for any use of the calculator, including its accuracy or completeness. Your use of the calculator indicates your acceptance of these terms. 2015 Tax Refund Calculator is found here.

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Friday, January 31, 2014

When did you get your refund 2014

Today is the official start to the I.R.S. 2013 Tax Season. We want to compile a list of payments dates for our users to see to better help them determine the date that they will get their refund. So we pose the question, "When did you get your refund 2014?"
We would like everyone to reply to this post with the date that their refund was accepted and the date that I.R.S. has set for their direct deposit or check. To find out this date, you will need to visit the I.R.S. Where's My Refund webpage here.
Optionally, we would also like you to post the date that your state refund, what state, and when your state finance department gives your refund date. To find out this, visit our Where's My State Refund page.
Please comment here with Federal Acceptance Date, Federal Payout Date, (optional) State Acceptance Date, State, and State Acceptance Date.
Thank you for helping to make our 2014 Refund Schedule to be as accurate as possible.

Tuesday, March 5, 2013

When should you file 2012 Income Taxes

 When should you file your 2012 Income Tax Return?2012 Income Tax Return

The tax law sets deadlines for filing 2012 income tax returns. However, there is room to maneuver, and the time you choose to file depends on your personal situation. Here are some guidelines to help you decide on the best time for you to file your return. File early The filing season for 2012 income tax returns officially opened in end of January 2013 when the IRS began to accept electronically-filed returns. Most individuals do not file before the beginning of February in order to receive information returns, such as W-2s and 1099s, which are usually sent to taxpayers at the end of January; this information is needed to complete the return. There are some compelling reasons to file as early as possible, once the necessary information is available: • To receive a tax refund. If you overpaid your 2012 taxes, the longer you wait, the longer the government has the use of your money on an interest-free basis. Usually, you can expect to receive your refund within 72 hours after IRS acknowledges receipt of your e-filed return, or three to four weeks after mailing a paper return. However, the IRS has recently indicated that some refunds may be delayed a week or two due to security measures against fraud. • To apply a refund to 2012 IRA or HSA contributions. You can direct the IRS to transfer your refund directly to an IRA or Health Savings Account (HSA) for 2012, assuming you are eligible to make a contribution. If you want the refund to be used for a contribution that will be deducted on the 2012 income tax return, the return must be filed early enough to ensure that the transfer is complete before April 15, 2013, the deadline for a 2012 contribution. Use Form 8888 to indicate the account to which you want your refund transferred; you can split the refund into as many as three accounts. • To get the filing obligation behind you. Many taxpayers dread income tax filing, so the sooner they complete the task, the better off they feel. April 15 The deadline for filing the 2012 income tax return is April 15, 2013. The majority of taxpayers file by this date; it avoids the need to request a filing extension. Even if you normally might ask for an extension because you don’t get around to completing the return by this date, you may have to force yourself to do so in certain situations, such as: • Needing a completed tax return for financial aid purposes if you, your spouse, or your child is in or will attend college. • Needing a completed tax return if you want to refinance your mortgage. If, for any reason, you want more time, you have to request a filing extension by April 15. This is done on Form 4868. But beware: The extension only gives you more time to file the return, not to pay taxes owed. If you obtain a filing extension, pay as much of the tax you owe to minimize or avoid underpayment penalties. October 15 The final day to file your 2012 income tax return is Oct. 15, 2012, assuming you’ve received a filing extension. If you file after this date, you’ll owe late filing penalties. This date is also the last day to file electronically. If you miss the deadline, you’ll have to submit a paper return. 2012 income tax efile There are no IRS indications or taxpayer anecdotes to show that filing by this date creates any additional audit exposure. So take advantage of this extra time to file if you need it for such reasons as: • Family problems. If there’s an illness, a move, or other personal issues distracting you, take the extra time—to October 15—to file the return. • Obtaining missing information. For example, if you’re an owner in an S corporation, partnership, or limited liability company, you may not receive until September 15 the Schedule K-1 indicating the share of income and expenses you claim on your return. • Funding a SEP retirement plan if you are self-employed.You may not have the cash before this date to make your contribution. Final thought: When in doubt about the best time to file your return, talk to a tax advisor in your area or online.

Saturday, February 9, 2013

IRS To Accept Tax Returns with Education Credits, Depreciation Next Week


IRS will finally start accepting education credits such as American Opportunity and Hope. Here is the full story:
WASHINGTON — The Internal Revenue Service announced today that taxpayers will be able to start filing two major tax forms next week covering education credits and depreciation. Starting Sunday, Feb. 10, the IRS will start processing tax returns that contain Form 4562, Depreciation and Amortization. And on Thursday, Feb. 14, the IRS plans to start processing Form 8863, Education Credits. This step clears the way for almost all taxpayers to start filing their tax returns for 2012. These forms affected the largest groups of taxpayers who weren’t able to file following the Jan. 30 opening of the 2013 tax season. The IRS will be able to accept the education credits and depreciation forms following the completion of reprogramming and testing of its systems.  Work continues on preparing IRS systems to accept the remaining tax forms affected by the American Taxpayer Relief Act (ATRA) enacted by Congress on Jan. 2. The IRS also announced today it will start accepting the remaining forms affected by the January legislation the first week of March.  A specific date will be announced later. Most of those in this group file more complex tax returns and typically file closer to the deadline or obtain an extension. A full list of the forms that will be accepted the first week of March is available on IRS.gov. Next week’s opening covers two groups of taxpayers using:
  • Form 8863, Education Credits. Form 8863 is used to claim two higher education credits -- the American Opportunity Tax Credit and the Lifetime Learning Credit.
  • Form 4562, Depreciation and Amortization. Most of the people using the depreciation form tend to file later in the tax season or obtain a six-month extension. Non-1040 business filers using Form 4562 can also file starting Sunday.
ImageFor taxpayers using e-file, most software companies are now accepting tax returns with these two forms and will submit them after the IRS begins accepting them next week. More information is available on this website.

Friday, January 25, 2013

E-File your 2012 Income Tax Today for an Early Refund!


E-File your 2012 Income Tax today to get your refund back early!

Hot Springs Tax Services. Low Cost Income Tax Preparation with No Upfront Cost to you.

The I.R.S will begin processing returns this Wednesday. File now to get your return back by as early as February 7th!

We offer low-cost tax preparation and e-file services to you. File your taxes with us and get the guaranteed maximum federal and state return today.
Have a real accountant look over your taxes and help you make important financial decisions.
Contact us today to setup an appointment.

Thursday, January 10, 2013

Late Start for I.R.S. 2012 Income Tax Processing


Bad news coming out of the IRS today. The IRS will not start processing 2012 Income Tax Returns until January 30th, 2013.
Here is the article from the IRS:

IRS Plans Jan. 30 Tax Season Opening For 1040 Filers

IR-2013-2, Jan. 8, 2013
WASHINGTON — Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.
The IRS will begin accepting tax returns on that date after updating forms and completing programming and testing of its processing systems. This will reflect the bulk of the late tax law changes enacted Jan. 2. The announcement means that the vast majority of tax filers — more than 120 million households — should be able to start filing tax returns starting Jan 30.
The IRS estimates that remaining households will be able to start filing in late February or into March because of the need for more extensive form and processing systems changes. This group includes people claiming residential energy credits, depreciation of property or general business credits. Most of those in this group file more complex tax returns and typically file closer to the April 15 deadline or obtain an extension.
“We have worked hard to open tax season as soon as possible,” IRS Acting Commissioner Steven T. Miller said. “This date ensures we have the time we need to update and test our processing systems.”
The IRS will not process paper tax returns before the anticipated Jan. 30 opening date. There is no advantage to filing on paper before the opening date, and taxpayers will receive their tax refunds much faster by using e-file with direct deposit.
“The best option for taxpayers is to file electronically,” Miller said.
The opening of the filing season follows passage by Congress of an extensive set of tax changes in ATRA on Jan. 1, 2013, with many affecting tax returns for 2012. While the IRS worked to anticipate the late tax law changes as much as possible, the final law required that the IRS update forms and instructions as well as make critical processing system adjustments before it can begin accepting tax returns.
The IRS originally planned to open electronic filing this year on Jan. 22; more than 80 percent of taxpayers filed electronically last year.
Who Can File Starting Jan. 30?
The IRS anticipates that the vast majority of all taxpayers can file starting Jan. 30, regardless of whether they file electronically or on paper. The IRS will be able to accept tax returns affected by the late Alternative Minimum Tax (AMT) patch as well as the three major “extender” provisions for people claiming the state and local sales tax deduction, higher education tuition and fees deduction and educator expenses deduction.
Who Can’t File Until Later?
There are several forms affected by the late legislation that require more extensive programming and testing of IRS systems. The IRS hopes to begin accepting tax returns including these tax forms between late February and into March; a specific date will be announced in the near future.
The key forms that require more extensive programming changes include Form 5695 (Residential Energy Credits), Form 4562 (Depreciation and Amortization) and Form 3800 (General Business Credit). A full listing of the forms that won’t be accepted until later is available on IRS.gov.
As part of this effort, the IRS will be working closely with the tax software industry and tax professional community to minimize delays and ensure as smooth a tax season as possible under the circumstances.
Updated information will be posted on IRS.gov.

Friday, January 4, 2013

Hot Springs Arkansas Tax Preparation FAQ


Question: Can the tax preparation fee be taken out of my return or do I need to pay for the service upfront?
Both. We can either accept payment when filing or can have the payment deducted from your return.


Question: When is the first day that we can file an income tax return in 2013?
It really depends on the forms you will need. The I.R.S. has given dates for some forms and other forms are expected to be out around the same time.
Federal Forms  
Form 1040A  Individual Tax Return01/10/2013
Form 2441  Child & Dependent Care Expenses01/10/2013  
Schedule 8812  Child Tax Credit01/10/2013  
Schedule EIC  Earned Income Credit01/03/2013
So from reading this, it can be said that the 10th of January will be the first day that we will be able to efile your income tax forms.


Question: When will my return be direct deposited or a check mailed to me if I efile?
The I.R.S. hasn't given out much detail about their schedule but we have used prior years I.R.S. Tax Calendar and modified it using the information that we have received from the I.R.S. so far. To view the I.R.S. 2013 Income Tax Payment Schedule, click here.

Question: How much will I get back from my return?
That is entirely dependent on your personal factors including your income and tax payments for 2012. You're personal situation can also affect this great. HR Block created a great tool for getting an estimate of your tax refund. It is simple, so if you have more advanced taxes, it is most likely incorrect. You can calculate your 2012 Income Tax Return by clicking here.


Question: How do I signup or become a client of Hot Springs Tax Services?
We consider your privacy to be our #1 priority, so we only accept new clients via phone call and in person. This way we can very the individual and avoid any chance of fraud. Feel free to contact us via email to set up consultation or give us a call.


If we missed your question, feel free to comment and we will get it posted up!
Thanks for your time.
Have a great day!
-Hot Springs Tax Services Staff

Sunday, December 30, 2012

IRS Update for 2013

Good day,
      I received an email update last night from the Internal Revenue Service. They have changed the first day that they will process returns to the 22nd of January. I updated the IRS payment schedule. It also stated:
FormAvailable to File
Federal Forms
Child Tax Cr01/10/2013
Form 1040A
Individual Tax Return01/10/2013
Form 2441
Child & Dependent Care Expenses01/10/2013
Schedule 8812
Child Tax Credit01/10/2013
Schedule EIC
Earned Income Credit01/03/2013
You are probably asking yourself right now, what do this mean to me? It means that if you need any of these forms filed, it will actually be on these days before your return can be e-filed. The electronic version of these forms will not be available until the dates listed.
We can still prepare your return and just will have to process it on these dates. It is still possible to recieve your return by the end of January 2013.
Contact us today to schedule an appointment. All you need is your last pay stub from 2012 and your 2011 tax forms.
Taxes@HotSpringsTaxServices.com
(501) 216-0587

Thursday, December 27, 2012

Individual 1040(ez) Tax Preparation

Also, a small note, If you have a copy of your prior year .tax return and your final pay stub from work. We can file starting January 3rd for you at no initial charge. Your payment will be paid out of your tax refund. Not have a bank account? No problem. We can have a check mailed or get the same card for you that you would get through a tax company. Contact us today for an appointment.

 

Taxes@HotSpringsTaxServices.com

(501) 216-0587

Friday, December 7, 2012

Get Your Income Tax Refund by January 28th 2013!

Get Your Income Tax Refund by January 28th 2013!

We finally have information about the Refund Calendar from the I.R.S. To see the dates that checks will be refunded, click here. We will actually be able to start filing on January 3rd 2013. This is the date that all of the tax forms needed will be available from the I.R.S. If you are interested in filing on this date, we will need your final 2012 pay check and a copy of your 2011 Tax Return that you filed in 2012.

If you are a returning client, we will just need your last pay stub from 2012 and any other information such as deductible expenses. We will still go over and make sure that we are not missing any 2012 information that could result in deductions or credits.

Contact us today to schedule an appointment via email or in office for January 2013! Appointments are limited, so please contact us as soon as possible!

2013 IRS e-file Refund Cycle Chart for Tax Year 2012

 Income Tax Refund Schedule 2012 Tax Payments

IRS accepts your return (by 11:00 am) between...Projected Direct Deposit Sent*Projected Paper Check Mailed*
Jan 22 and Jan 23, 2013Jan 28, 2013Jan 30, 2013
Jan 28 and Feb 1, 2013Feb 8, 2013Feb 10, 2013
Feb 2 and Feb 8, 2013Feb 15, 2013Feb 17, 2013
Feb 9 and Feb 15, 2013Feb 22, 2013Feb 24, 2013
Feb 16 and Feb 22, 2013Feb 29, 2013Mar 2, 2013
Feb 23 and Feb 29, 2013Mar 7, 2013Mar 9, 2013
Mar 1 and Mar 7, 2013Mar 14, 2013Mar 16, 2013
Mar 8 and Mar 14, 2013Mar 21, 2013Mar 23, 2013
Mar 15 and Mar 21, 2013Mar 28, 2013Mar 30, 2013
Mar 22 and Mar 28, 2013Apr 4, 2013Apr 6, 2013
Mar 29 and Apr 4, 2013Apr 11, 2013Apr 13, 2013
Apr 5 and Apr 11, 2013Apr 18, 2013Apr 20, 2013
Apr 12 and Apr 18, 2013Apr 25, 2013Apr 27, 2013
Apr 19 and Apr 25, 2013May 2, 2013May 4, 2013
Apr 26 and May 2, 2013May 9, 2013May 11, 2013
May 3 and May 9, 2013May 16, 2013May 18, 2013
May 10 and May 16, 2013May 23, 2013May 25, 2013
May 17 and May 23, 2013May 30, 2013Jun 1, 2013
May 24 and May 30, 2013Jun 6, 2013Jun 8, 2013
May 31 and Jun 6, 2013Jun 13, 2013Jun 15, 2013
Jun 7 and Jun 13, 2013Jun 20, 2013Jun 22, 2013
Jun 14 and Jun 20, 2013Jun 27, 2013Jun 29, 2013
Jun 21 and Jun 27, 2013Jul 4, 2013Jul 6, 2013
Jun 28 and Jul 4, 2013Jul 11, 2013Jul 13, 2013
Jul 5 and Jul 11, 2013Jul 18, 2013Jul 20, 2013
Jul 12 and Jul 18, 2013Jul 25, 2013Jul 27, 2013
Jul 19 and Jul 25, 2013Aug 1, 2013Aug 3, 2013
Jul 26 and Aug 1, 2013Aug 8, 2013Aug 10, 2013
Aug 2 and Aug 8, 2013Aug 15, 2013Aug 17, 2013
Aug 9 and Aug 15, 2013Aug 22, 2013Aug 24, 2013
Aug 16 and Aug 22, 2013Aug 29, 2013Aug 31, 2013
Aug 23 and Aug 29, 2013Sep 5, 2013Sep 7, 2013
Aug 30 and Sep 5, 2013Sep 12, 2013Sep 14, 2013
Sep 6 and Sep 12, 2013Sep 19, 2013Sep 21, 2013
Sep 13 and Sep 19, 2013Sep 26, 2013Sep 28, 2013
Sep 20 and Sep 26, 2013Oct 3, 2013Oct 5, 2013
Sep 27 and Oct 3, 2013Oct 10, 2013Oct 12, 2013
Oct 4 and Oct 10, 2013Oct 17, 2013Oct 19, 2013
Oct 11 and Oct 17, 2013Oct 24, 2013Oct 26, 2013
Oct 18 and Oct 24, 2013Oct 31, 2013Nov 2, 2013
Oct 25 and Oct 31, 2013Nov 7, 2013Nov 9, 2013
Nov 1 and Nov 7, 2013Nov 14, 2013Nov 16, 2013
Nov 8 and Nov 14, 2013Nov 21, 2013Nov 23, 2013
Nov 15 and Nov 21, 2013Nov 28, 2013Nov 30, 2013
Nov 22 and Nov 28, 2013Dec 5, 2013Dec 7, 2013
Nov 29 and Dec 5, 2013Dec 12, 2013Dec 14, 2013
Dec 6 and Dec 12, 2013Dec 19, 2013Dec 21, 2013
Dec 13 and Dec 19, 2013Dec 27, 2013Dec 31, 2013
Dec 20 and Dec 26, 2013Jan 3, 2014Jan 7, 2014

Be one of the first to file in 2013! Contact us today.

Taxes@HotSpringsTaxServices.com