File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Free Tax Preperation

2013 Income Tax Forms 1040 Ez2011 Tax Forms 1040ezFree E File 2012 Taxes1040ez Instruction Book1040x Turbo TaxTaxes 2011 FormsBest Tax Software1040x Form 2014H&rblock Free FileFiling An Amended Return For 2013How To Fill Out A 1040x FormHow To File Form 1040xEasy Tax FormsHow To Do 2012 Taxes1040ez 2013 Tax FormUnemployed Tax ReturnE File 2012 Federal Tax ReturnIrs Free Tax ReturnTax Act 2012File 1040ez For FreeTurbo Tax 2011 DownloadTax Forms 2008File Taxes For 2010 Online FreeTax Forms 1040Can You File State Taxes For Free2011 1040 Ez FormTurbotax Free1040nr FormWww Freefilefillableforms Com2011 Online Tax SoftwareFree Federal And State Tax E FileFile 2005 Taxes Online FreeIrs Forms 1040x InstructionsFree Tax Preparation 2012Irs Gov Free FileAmend My 2012 Tax ReturnIrs.gov 1040xFree Tax PreparationIrs Tax Form 1040ez10 40 Ez Tax Form

Free Tax Preperation

Free tax preperation 5. Free tax preperation   Student Loan Cancellations and Repayment Assistance Table of Contents Introduction Student Loan CancellationQualifying Loans Student Loan Repayment Assistance Introduction Generally, if you are responsible for making loan payments, and the loan is canceled (forgiven), you must include the amount that was forgiven in your gross income for tax purposes. Free tax preperation However, if you fulfill certain requirements, two types of student loan assistance may be tax free. Free tax preperation The types of assistance discussed in this chapter are: Student loan cancellation, and Student loan repayment assistance. Free tax preperation Student Loan Cancellation If your student loan is canceled, you may not have to include any amount in income. Free tax preperation This section describes the requirements for tax-free treatment of canceled student loans. Free tax preperation Qualifying Loans To qualify for tax-free treatment, for the cancellation of your loan, your loan must have been made by a qualified lender to assist you in attending an eligible educational institution and contain a provision that all or part of the debt will be canceled if you work: For a certain period of time, In certain professions, and For any of a broad class of employers. Free tax preperation The cancellation of your loan will not qualify for tax-free treatment if it is cancelled because of services you performed for the educational institution that made the loan or other organization that provided the funds. Free tax preperation See Exception, later. Free tax preperation Eligible educational institution. Free tax preperation   This is an educational institution that maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. Free tax preperation Qualified lenders. Free tax preperation   These include the following. Free tax preperation The United States, or an instrumentality thereof. Free tax preperation A state, territory, or possession of the United States, or the District of Columbia, or any political subdivision thereof. Free tax preperation A public benefit corporation that is tax-exempt under section 501(c)(3); and that has assumed control of a state, county, or municipal hospital; and whose employees are considered public employees under state law. Free tax preperation An eligible educational institution, if the loan is made: As part of an agreement with an entity described in (1), (2), (3) under which the funds to make the loan were provided to the educational institution, or Under a program of the educational institution that is designed to encourage its students to serve in occupations with unmet needs or in areas with unmet needs where the services provided by the students (or former students) are for or under the direction of a governmental unit or a tax-exempt section 501(c)(3) organization. Free tax preperation   Occupations with unmet needs include medicine, nursing, teaching, and law. Free tax preperation Section 501(c)(3) organization. Free tax preperation   This is any corporation, community chest, fund, or foundation organized and operated exclusively for one or more of the following purposes. Free tax preperation Charitable. Free tax preperation Religious. Free tax preperation Educational. Free tax preperation Scientific. Free tax preperation Literary. Free tax preperation Testing for public safety. Free tax preperation Fostering national or international amateur sports competition (but only if none of its activities involve providing athletic facilities or equipment). Free tax preperation The prevention of cruelty to children or animals. Free tax preperation Exception. Free tax preperation   The cancellation of your loan does not qualify as tax-free student loan cancellation if your student loan was made by an educational institution and is canceled because of services you performed for the educational institution or other organization that provided the funds. Free tax preperation Refinanced Loan If you refinanced a student loan with another loan from an eligible educational institution or a tax-exempt organization, that loan may also be considered as made by a qualified lender. Free tax preperation The refinanced loan is considered made by a qualified lender if it is made under a program of the refinancing organization that is designed to encourage students to serve in occupations with unmet needs or in areas with unmet needs where the services required of the students are for or under the direction of a governmental unit or a tax-exempt section 501(c)(3) organization. Free tax preperation Student Loan Repayment Assistance Student loan repayments made to you are tax free if you received them for any of the following: The National Health Service Corps (NHSC) Loan Repayment Program (NHSC Loan Repayment Program). Free tax preperation A state education loan repayment program eligible for funds under the Public Health Service Act. Free tax preperation Any other state loan repayment or loan forgiveness program that is intended to provide for the increased availability of health services in under served or health professional shortage areas (as determined by such state). Free tax preperation You cannot deduct the interest you paid on a student loan to the extent payments were made through your participation in the above programs. Free tax preperation Prev  Up  Next   Home   More Online Publications
Español

Get the Facts About Renting

A lease is an agreement that outlines the obligations of the owner and the tenants of a house or apartment. It is a legally binding document that courts will generally uphold in legal proceedings, so it is important for you to know the exact terms of the lease agreement before you sign it. Before agreeing to lease a home to you, a landlord may review your credit report, so you may want to get a copy before you start your apartment search. Some things to look for in a lease:

  • Clauses that allow the landlord to change the terms of the lease after it is signed
  • Requirements/responsibilities of the tenants to do routine repairs such as lawn maintenance, cleaning or notification of repairs
  • Restrictions that would prevent you from living normally or comfortably in the home
  • Term of the lease and any important dates such as when the rent is due, or garbage pick up days
  • Extra fees for parking spaces or storage, garbage collection, and pets
  • Information regarding utility providers, how to arrange for service and whether you or the landlord is responsible for those bills.

Read the lease carefully and discuss anything you don't understand or issues you might have. All landlord responsibilities should be clearly stated. Always get a copy of the signed lease to keep in your records. Any clause or terms in the agreement affects ALL parties who sign.

Tenants who lease or rent property are protected against discrimination by The Fair Housing Act. If you think your rights have been violated, you may write a letter or telephone the HUD office nearest you. You have one year after the alleged violation to file a complaint with HUD, but you should file as soon as possible.

Each state has its own tenant rights, laws and protections. Contact HUD for a state-by-state directory. You can also find public housing that is available from the Department of Housing and Urban Development. The agency offers several housing assistance programs for tenants and landlords as well as information of displaced residents.

Ten Tips for Renters

  • The best way to win over a prospective landlord is to be prepared by bringing a completed rental application; written references from previous landlords, employers, friends and colleagues; and a current copy of your credit report with you.
  • Carefully review all the important conditions of the lease before you sign.
  • To avoid disputes or misunderstandings with your landlord, get everything in writing.
  • Know your rights to live in a habitable rental unit-and don't give them up.
  • Keep communication open with your landlord.
  • Ask about your privacy rights before you sign the lease.
  • Purchase renter's insurance to cover your valuables.
  • Make sure the security deposit refund procedures are spelled out in your lease or rental agreement.
  • Learn whether your building and neighborhood are safe, and what you can expect your landlord to do about it if they aren't.
  • Know when to fight an eviction notice and when to move. Unless you have the law and provable facts on your side, fighting an eviction notice is usually shortsighted.

The Free Tax Preperation

Free tax preperation 7. Free tax preperation   Figuring Gross Profit Table of Contents Introduction Items To Check Testing Gross Profit AccuracyExample. Free tax preperation Additions to Gross Profit Introduction After you have figured the gross receipts from your business (chapter 5) and the cost of goods sold (chapter 6), you are ready to figure your gross profit. Free tax preperation You must determine gross profit before you can deduct any business expenses. Free tax preperation These expenses are discussed in chapter 8. Free tax preperation If you are filing Schedule C-EZ, your gross profit is your gross receipts plus certain other amounts, explained later under Additions to Gross Profit. Free tax preperation Businesses that sell products. Free tax preperation   If you are filing Schedule C, figure your gross profit by first figuring your net receipts. Free tax preperation Figure net receipts (line 3) on Schedule C by subtracting any returns and allowances (line 2) from gross receipts (line 1). Free tax preperation Returns and allowances include cash or credit refunds you make to customers, rebates, and other allowances off the actual sales price. Free tax preperation   Next, subtract the cost of goods sold (line 4) from net receipts (line 3). Free tax preperation The result is the gross profit from your business. Free tax preperation Businesses that sell services. Free tax preperation   You do not have to figure the cost of goods sold if the sale of merchandise is not an income-producing factor for your business. Free tax preperation Your gross profit is the same as your net receipts (gross receipts minus any refunds, rebates, or other allowances). Free tax preperation Most professions and businesses that sell services rather than products can figure gross profit directly from net receipts in this way. Free tax preperation Illustration. Free tax preperation   This illustration of the gross profit section of the income statement of a retail business shows how gross profit is figured. Free tax preperation Income Statement Year Ended December 31, 2013 Gross receipts $400,000 Minus: Returns and allowances 14,940 Net receipts $385,060 Minus: Cost of goods sold 288,140 Gross profit $96,920   The cost of goods sold for this business is figured as follows: Inventory at beginning of year $37,845 Plus: Purchases $285,900   Minus: Items withdrawn for personal use 2,650 283,250 Goods available for sale $321,095 Minus: Inventory at end of year 32,955 Cost of goods sold $288,140 Items To Check Consider the following items before figuring your gross profit. Free tax preperation Gross receipts. Free tax preperation   At the end of each business day, make sure your records balance with your actual cash and credit receipts for the day. Free tax preperation You may find it helpful to use cash registers to keep track of receipts. Free tax preperation You should also use a proper invoicing system and keep a separate bank account for your business. Free tax preperation Sales tax collected. Free tax preperation   Check to make sure your records show the correct sales tax collected. Free tax preperation   If you collect state and local sales taxes imposed on you as the seller of goods or services from the buyer, you must include the amount collected in gross receipts. Free tax preperation   If you are required to collect state and local taxes imposed on the buyer and turn them over to state or local governments, you generally do not include these amounts in income. Free tax preperation Inventory at beginning of year. Free tax preperation   Compare this figure with last year's ending inventory. Free tax preperation The two amounts should usually be the same. Free tax preperation Purchases. Free tax preperation   If you take any inventory items for your personal use (use them yourself, provide them to your family, or give them as personal gifts, etc. Free tax preperation ) be sure to remove them from the cost of goods sold. Free tax preperation For details on how to adjust cost of goods sold, see Merchandise withdrawn from sale in chapter 6. Free tax preperation Inventory at end of year. Free tax preperation   Check to make sure your procedures for taking inventory are adequate. Free tax preperation These procedures should ensure all items have been included in inventory and proper pricing techniques have been used. Free tax preperation   Use inventory forms and adding machine tapes as the only evidence for your inventory. Free tax preperation Inventory forms are available at office supply stores. Free tax preperation These forms have columns for recording the description, quantity, unit price, and value of each inventory item. Free tax preperation Each page has space to record who made the physical count, who priced the items, who made the extensions, and who proofread the calculations. Free tax preperation These forms will help satisfy you that the total inventory is accurate. Free tax preperation They will also provide you with a permanent record to support its validity. Free tax preperation   Inventories are discussed in chapter 2. Free tax preperation Testing Gross Profit Accuracy If you are in a retail or wholesale business, you can check the accuracy of your gross profit figure. Free tax preperation First, divide gross profit by net receipts. Free tax preperation The resulting percentage measures the average spread between the merchandise cost of goods sold and the selling price. Free tax preperation Next, compare this percentage to your markup policy. Free tax preperation Little or no difference between these two percentages shows that your gross profit figure is accurate. Free tax preperation A large difference between these percentages may show that you did not accurately figure sales, purchases, inventory, or other items of cost. Free tax preperation You should determine the reason for the difference. Free tax preperation Example. Free tax preperation   Joe Able operates a retail business. Free tax preperation On the average, he marks up his merchandise so that he will realize a gross profit of 331/3% on its sales. Free tax preperation The net receipts (gross receipts minus returns and allowances) shown on his income statement is $300,000. Free tax preperation His cost of goods sold is $200,000. Free tax preperation This results in a gross profit of $100,000 ($300,000 − $200,000). Free tax preperation To test the accuracy of this year's results, Joe divides gross profit ($100,000) by net receipts ($300,000). Free tax preperation The resulting 331/3% confirms his markup percentage of 331/3%. Free tax preperation Additions to Gross Profit If your business has income from a source other than its regular business operations, enter the income on line 6 of Schedule C and add it to gross profit. Free tax preperation The result is gross business income. Free tax preperation If you use Schedule C-EZ, include the income on line 1 of the schedule. Free tax preperation Some examples include income from an interest-bearing checking account, income from scrap sales, income from certain fuel tax credits and refunds, and amounts recovered from bad debts. Free tax preperation Prev  Up  Next   Home   More Online Publications