Software to Avoid a Tax Audit

Tax filing errors wave a huge red flag at the IRS. If you’re looking for a magic tax software program that prevents an audit, you’re out of luck. On the other hand I can recommend a tax software company that has a built in Audit Alert system. This tax software will help you avoid an audit.

First we’re going to talk about how to avoid a tax audit. When you file your income tax return, you must be very careful to avoid common mistakes. If you do make mistakes, you will most likely get a notified by the IRS.

Here are some of the common mistakes;

1. Social Security Number Errors

2. Earned Income Credit Errors

3. Mathematical Errors

4. Don’t forget your signature

5. Using the wrong tax form

There are many more tax filing mistakes you could potentially make, but why take the chance? If you seriously want to reduce your risk of an audit, you should use TurboTax Online. They have an Audit Risk Meter that will help you to steer clear of an audit.

Tax Software to Avoid Tax Audit

According to the IRS, mathematical errors are way up on top of the list for triggering an audit. Tax preparation software will accurately calculate your math for you. If you choose to use TurboTax, they guarantee the math accuracy, and if you get hit with an IRS or state penalty or interest because of a TurboTax calculation error, then they will pay you the penalty and interest.

Double Check My Tax Return Please

Have you ever written a paper and looked at it way too long? Spotting an error is almost impossible if you are the author and have looked at the document for a long period of time. That’s why we have editors and even they miss typos. Online tax preparation software will double check your tax return to ensure everything is accurate and complete.

No Red Flags Waving Here

Some tax software companies have an audit alert system for example; TurboTax Online has an Audit Risk Meter that is very easy to read. It’s actually a graphic that starts out green on one end and ends up red on the other end. That’s right; you want to stay away from the red zone. You will know where you stand every step of the way.

Avoid Tax Audit with Tax Software

Here’s some more good news. If you receive notice from the IRS that you will be audited, TurboTax Online has a new Audit Support Center. They provide documentation you can download that gives step-by-step guidance that tells you everything you need to know if the IRS contacts you. Now how’s that for reassurance? This is like a huge safety net underneath you. Use the Online Tax Software Today!

Free Income Tax Help

If you pursue an active handling of your finances, then you’re going to have questions. Some of the most important tax questions are going to determine so many different outcomes regarding your business, business equipment, education, your child’s education, next years’ budget, and quite frankly this sort of information determines just about everything. If you are looking for free income tax advice, you will find it online.

You should understand that finding the answers to your complicated tax questions is no difficult task. You don’t need to spend any money sitting in someone’s cubicle and making plans for more expensive meetings to work it all out. It’s all online.

There are 24/7 automated question answering technologies available to anyone for free. Some services even provide you with a host of real life tax experts offering free tax help and tax payers available for all different questions, all the time.

So then you have a group of like minded people trying to reach the same ends. There are many online services that offer these advantages like TurboTax Online.

They also offer an award winning library of tax information freely available to anyone through their search engine. Once you begin actual filing (which doesn’t require any payment until you’re completely satisfied) then you become eligible to make phone calls and speak directly to a tax expert.

After you’ve found the answers to your big questions there’s another level of assistance that becomes available to you once you begin filing with a service like that. Automatic searches of over 360 different deductions that you may qualify for, simple automatic deduction and credit wizards regarding medical, education, or business expenses.

Take a look and find out why more tax payers filed with TurboTax Online last year than all other tax filing software combined. You’ll be glad you did.

How Much Can I Deduct for Child and Dependent Care Expenses?

You may be able to claim a credit for expenses for child care or certain types of dependent care.
How much you can deduct for child care or dependent care depends on a few tax rules.

If you have paid someone else to care for your child under the age of 13 or for a dependent over that age that cannot care for themselves. The child must reside in your home for more than 6 months out of the year.

The following items need to be met to claim this child or dependent care tax credit:

 

  • There must be income during the year claiming the credit
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  • The child and dependent care expenses must come from care provided while you were working or seeking work
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  • The care provider cannot be a dependent on your return
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  • You must be able to show who provided care
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  • You must have at least one qualifying person that care was provided for during the year you are claiming the credit
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    The amount of the credit

    The amount you receive will vary depending on your adjusted gross income. You can claim up to $3,000 in child or dependent care expenses for one qualifying person. If you have more than one qualifying person you can claim up to $6,000 in child care and dependent care expenses.

    If you receive any type of reimbursement for your child or dependent care expenses you must deduct this from your total expense. Some individuals receive child care benefits from their employers or some type of state assistance.

    To claim this credit you should use form 1040, 1040A, or 1040NR. You will not be able to claim this credit if you file using form 1040EZ or 1040NR-EZ.

    If you would like to learn more about child tax credits please visit TurboTax Online. TurboTax Online provides free tools to help you receive the most deductions and credits.