BEFORE the Christmas Bills Come Due…
Written by Rosalind Gardner on December 30, 2006 · Comments (1)
Filed Under Money Matters ·
Did you get a little carried away this Christmas and spend more than you planned? Well, you may be in good company, but you’ll be in smart company if you pay those bills on time and avoid the interest charges.
If you don’t have the cash readily available, you might want to consider e-filing your taxes early and use your refund to pay your credit card bills.
That’s MUCH smarter than paying the bank, and e-filing is a piece of cake. I do it for my personal, business and GST (Canada) filings every quarter.
An astonishing 7.3 million Americans used the Internet to beat the tax deadline last year. Back in March 2006, the IRS reported that efiling from home computers, including both Internet filers and users of boxed software, was up 16.6 percent. In addition, average refunds were up 4.0%, to $2,379, as is Direct Deposit, which had put over $107 billion into the hands of U.S. taxpayers.
“Taxpayers using an online service pay as little as $30 for non-itemized 1040 return, and slightly higher for a return with Schedule A. Online tax preparation provides significant savings compared to walk-in services, comparing very favorably with boxed software sold at retail outlets,” explained Mr. Petz of TaxBrain
. “Because the IRS began accepting electronically filed reports way back in January, millions of savvy taxpayers filed early, and now have their refunds to pump directly into the economy.”
TaxBrain is the only web-based tax solution delivering online preparation, filing, professional assistance and representation in all 50 states. TaxBrain.com is a full-service online tax center providing tax advice, tools, and resources all year to help taxpayers manage their tax burden with greater confidence and ease.
Popularity: 8% [?]
If you're new here, you may want to subscribe to my RSS feed or the No-Hype, No-BS, No Spam NPT newsletter. Thanks for visiting!
Comments
One Response to “BEFORE the Christmas Bills Come Due…”
Larry Pines on December 30th, 2006 9:24 am
Thanks for the referral to ‘Taxbrain’. I’d been using TurboTax Online the last few years but it seems someone lost some sort of code associated with TTO for the 2005 tax year.
I received a letter from the IRS demanding I submit a completed form (they enclosed) ASAP due to the fact (they admitted) someone at the IRS lost/deleted my ‘code’ which I entered when completing the TTO forms that year.
As a result the IRS admitted they owed ME over $600! It took several phone calls (the IRS doesn’t list an email or online address to-which filers can communicate such issues) before I finally reached a ‘Taxpayer Advocate’ who put me on the right track.
The IRS staff read off the data and I entered it onto the form and sent it off ‘Priority Mail’ through the USPS. 14 days later the USPS finally posted (to their tracking site) the letter had been delivered to the IRS site in MA.
I could’ve driven it there in less than 5 hours!
To-date I’ve not received that refund. Typical!
[Reply]
Got something to say?