Tax Tip: The IRS is on Tumblr

This tax tip may come as a surprise. The Internal Revenue Service has added Tumblr to its list of social media platforms. People who want tax information now have another way of accessing helpful tax tips, videos, podcasts and more at Tumblr.

Tumblr is a microblogging platform where users access and share text, photos, videos and other information from their browser, smartphone, tablet or desktop.

The IRS plans to use Tumblr to help share information about important programs to help taxpayers, such as late tax law changes, the Earned Income Tax Credit and Free File. The Tumbler site also makes it easy for partner groups and others to share tax information from the IRS.

Tax issues touch a wide range of people who use information in many different ways. The IRS Tumblr site provides a new avenue for taxpayers and partner groups to get and share important tax information, said Terry Lemons, IRS Communications Director. The new Tumblr platform is part of a larger effort at the IRS to get information to taxpayers when and where they want it.

The IRS growing social media presence already includes YouTube, where viewers can watch IRS channels for short, informative videos in English, Spanish, American Sign Language and other languages. The IRS YouTube channels have more than 100 videos, which have been viewed more than 3.1 million times.

In addition, more than 61,000 people follow the IRS Twitter feeds. The latest tax information is available at @IRSnews or @IRSenEspanol@IRStaxpros covers news for tax professionals,@RecruitmentIRS provides updates for job seekers, and the Taxpayer Advocate Service has information available @YourVoiceAtIRS.

To protect taxpayer privacy, the IRS only uses social media tools to share public information, not to answer personal tax or account questions. It advises taxpayers to never post confidential information, like a Social Security number, on social media sites.

For more IRS social media links go to IRS New Media.

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.

2013 Tax Tip: What You Should Know About IRS Free File

Taxes can be taxing. But, you don’t have to be a tax expert to prepare your federal tax return. Using IRS Free File, you can prepare and e-file your federal taxes on brand-name software for free. The program is a partnership between the IRS and the Free File Alliance, a group of about 15 private-sector tax software companies.

All Free File software companies use the latest encryption software. More than 36 million taxpayers used Free File safely and securely since 2003. Free File is not only safe and secure, but using Free File’s e-file option and direct deposit is the fastest way to get a refund.

Here are four tips about IRS Free File:

  1. Access IRS.gov.  To avoid any charges for preparing or e-filing your federal tax return, you must access Free File through the IRS.gov website. Once you choose a Free File company, you will be directed to their website to prepare, print and e-file your return.
  2. Taxes simplified.  Free File software’s question and answer format will help you find tax breaks, such as the Earned Income Tax Credit. The software selects the appropriate tax form and does the calculations for you.
  3. Free options for all.  People who make $57,000 or less, which includes most Americans, can use the Free File brand-name software. People who earn more can use Free File Fillable Forms, an electronic version of IRS paper forms.
  4. Free extensions.  Taxpayers who cannot complete their tax returns by the April 15 filing deadline can request a six-month extension. It’s free and easy. Remember, though, that this is an extension of time to file, not to pay. If you think you owe, complete the estimated payment section and submit your payment with your extension request to avoid penalties and interest.

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.

Tax Tips: What You Should Know About IRS Free File

Taxes can be taxing. But, you don’t have to be a tax expert to prepare your federal tax return. Using IRS Free File, you can prepare and e-file your federal taxes on brand-name software for free. The program is a partnership between the IRS and the Free File Alliance, a group of about 15 private-sector tax software companies.

All Free File software companies use the latest encryption software. More than 36 million taxpayers used Free File safely and securely since 2003. Free File is not only safe and secure, but using Free File’s e-file option and direct deposit is the fastest way to get a refund.

Here are four tax tips about IRS Free File:

  1. Access IRS.gov. To avoid any charges for preparing or e-filing your federal tax return, you must access Free File through the IRS.gov website. Once you choose a Free File company, you will be directed to their website to prepare, print and e-file your return.
  2. Taxes simplified. Free File software’s question and answer format will help you find tax breaks, such as the Earned Income Tax Credit. The software selects the appropriate tax form and does the calculations for you.
  3. Free options for all. People who make $57,000 or less, which includes most Americans, can use the Free File brand-name software. People who earn more can use Free File Fillable Forms, an electronic version of IRS paper forms.
  4. Free extensions. Taxpayers who cannot complete their tax returns by the April 15 filing deadline can request a six-month extension. It’s free and easy. Remember, though, that this is an extension of time to file, not to pay. If you think you owe, complete the estimated payment section and submit your payment with your extension request to avoid penalties and interest.

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.

2013 Tax Tip: Should I E-File My Tax Return?

If you haven’t tried IRS e-file before, now is the time. Most taxpayers – more than 80 percent – file electronically. The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut of electronic filing in 1990. Fewer people file a paper tax return every year. Here are five good reasons to e-file your tax return:

1. Accurate and complete. E-file is the best way to file an accurate and complete tax return. Tax returns that are incomplete or include errors take longer to process.

2. Safe and secure. Tax preparers and software companies who e-file must meet strict guidelines and provide the best in encryption technology. You receive an acknowledgement within 48 hours that the IRS received your tax return. If the IRS does not accept your tax return, you will receive notification and can quickly correct your return and resubmit it.

3. Faster refunds. An e-filed tax return usually means a faster refund compared to a paper return. The IRS issues most refunds in less than 21 days. If you choose direct deposit, your refund goes directly into your bank account. Combining e-file with direct deposit is the fastest way to get your refund. About three out of four taxpayers who file receive a tax refund. Last year the average refund was about $2,700.

4. Payment options. If you owe tax, you can e-file early and set an automatic payment date anytime on or before the April 15 due date. You can pay by check or money order, by debit or credit card, or by transferring funds electronically from your bank account.

5. It’s easy. You can e-file on your own through IRS Free File, the free tax preparation and e-filing service available exclusively at IRS.gov. You can also use commercial tax preparation software or ask your tax preparer to e-file your return. And, if you qualify, IRS Volunteer Income Tax Assistance and Tax Counseling for the Elderly partners will e-file your return for free.

For more information about IRS e-file, visit IRS.gov.

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.

2013 Tax Tip: Should I E-File My Income Tax Return?

If you haven’t tried IRS e-file before, now is the time. Most taxpayers, more than 80 percent, file electronically. The IRS has processed more than 1 billion individual income tax returns safely and securely since the nationwide debut of electronic filing in 1990. Fewer people file a paper tax return every year. Here are five good reasons to e-file your tax return:

1.Accurate and complete. E-file is the best way to file an accurate and complete tax return. Tax returns that are incomplete or include errors take longer to process.

2.Safe and secure. Tax preparers and software companies who e-file must meet strict guidelines and provide the best in encryption technology. You receive an acknowledgment within 48 hours that the IRS received your tax return. If the IRS does not accept your tax return, you will receive notification and can quickly correct your return and resubmit it.

3.Faster refunds. An e-filed tax return usually means a faster refund compared to a paper return. The IRS issues most refunds in less than 21 days. If you choose direct deposit, your refund goes directly into your bank account. Combining e-file with direct deposit is the fastest way to get your refund. About three out of four taxpayers who file receive a tax refund. Last year the average refund was about $2,700.

4.Payment options. If you owe tax, you can e-file early and set an automatic payment date anytime on or before the April 15 due date. You can pay by check or money order, by debit or credit card, or by transferring funds electronically from your bank account.

5.It’s easy. You can e-file on your own through IRS Free File, the free tax preparation and e-filing service available exclusively at IRS.gov. You can also use commercial tax preparation software or ask your tax preparer to e-file your return. And, if you qualify, IRS Volunteer Income Tax Assistance and Tax Counseling for the Elderly partners will e-file your return for free.

For more information about IRS e-file, visit IRS.gov.

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.

2013 Tax Tips: Five Tips If Your Name Has Changed

If you were married or divorced and changed your name last year, be sure to notify the Social Security Administration before you file your taxes with the IRS. If the name on your tax return doesn’t match SSA records, the IRS will flag it as an error and that may delay your refund.

Here are five tax tips for a person whose name has changed. They also apply if your dependent’s name has changed.

  1. If you have married and you’re using your new spouse’s last name or you’ve hyphenated your last name, notify the SSA. That way, the IRS computers can match your new name with your Social Security number.
  2. If you were divorced and are now using your former last name, notify the SSA of your name change.
  3. Letting the SSA know about a name change is easy. File Form SS-5, Application for a Social Security Card, at your local SSA office or by mail with proof of your legal name change.
  4. You can get Form SS-5 on the SSA’s website at www.ssa.gov, by calling 800-772-1213 or at local SSA offices. Your new card will have the same number as your former card but will show your new name.
  5. If you adopted your new spouse’s children and their names changed, you’ll need to update their names with SSA too. For adopted children without SSNs, the parents can apply for an Adoption Taxpayer Identification Number by filing Form W-7A, Application for Taxpayer Identification Number for Pending U.S. Adoptions, with the IRS. The ATIN is a temporary number used in place of an SSN on the tax return. Form W-7A is available on the IRS.gov website or by calling 800-TAX-FORM (800-829-3676).

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.

2013 Tax Tip: Get Prior Year Tax Information From The IRS

The IRS offers several different ways to get tax return information or a copy of your own tax return for prior years. Here are options to help you get the information you need.

  • Tax Return Transcript.  This shows most line items from your tax return as originally filed, along with any forms and schedules from your return.  This transcript does not reflect any changes made to the return after you filed it. Tax return transcripts are free. After the IRS has processed a return, transcripts are available for the current tax year and the past three tax years.
  • Tax Account Transcript. This shows any adjustments made by you or the IRS after filing your return. This transcript shows basic data, like marital status, type of return filed, adjusted gross income and taxable income. Tax account transcripts are free, and are available after the IRS has processed the return for the current tax year and the past three tax years.
  • Order a Transcript. You can request both transcript types online, by phone or by mail. To place your order online, go to IRS.gov and use the “Order a Transcript” tool. <http:///>  Order a transcript by phone at 800-908-9946. A recorded message will guide you through the process. You can also request your tax return transcript by mail by completing Form 4506T-EZ. Use Form 4506T to mail a request for your tax account transcript. You can get both forms online at IRS.gov
  • Tax Return Copies. Actual copies of your tax returns are generally available for the current tax year and as far back as six years. The fee for each copy you order is $57. To request a copy of your tax return, complete Form 4506, available on IRS.gov. Mail your request to the IRS office listed on the form for your area.
  • Delivery Times. The turnaround time for online and phone orders is typically 5 to 10 days from the time the IRS receives the request. Allow 30 calendar days for delivery of a tax account transcript if you order by mail using Form 4506T-EZ or Form 4506T, and allow 60 days when ordering actual copies of your tax return by mail.

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.

2013 Tax Tip: Get Prior Year IRS Tax Info

The IRS offers several different ways to get IRS tax info or a copy of your own tax return for prior years. Here are options to help you get the information you need.

  • Tax Return Transcript. This shows most line items from your tax return as originally filed, along with any forms and schedules from your return. This transcript does not reflect any changes made to the return after you filed it. Tax return transcripts are free. After the IRS has processed a return, transcripts are available for the current tax year and the past three tax years.
  • Tax Account Transcript. This shows any adjustments made by you or the IRS after filing your return. This transcript shows basic data, like marital status, type of return filed, adjusted gross income and taxable income. Tax account transcripts are free, and are available after the IRS has processed the return for the current tax year and the past three tax years.
  • Order a Transcript. You can request both transcript types online, by phone or by mail. To place your order online, go to IRS.gov and use the “Order a Transcript” tool. Order a transcript by phone at 800-908-9946. A recorded message will guide you through the process. You can also request your tax return transcript by mail by completing Form 4506T-EZ. Use Form 4506T to mail a request for your tax account transcript. You can get both forms online at IRS.gov
  • Tax Return Copies. Actual copies of your tax returns are generally available for the current tax year and as far back as six years. The fee for each copy you order is $57. To request a copy of your tax return, complete Form 4506, available on IRS.gov. Mail your request to the IRS office listed on the form for your area.
  • Delivery Times. The turnaround time for online and phone orders is typically 5 to 10 days from the time the IRS receives the request. Allow 30 calendar days for delivery of a tax account transcript if you order by mail using Form 4506T-EZ or Form 4506T, and allow 60 days when ordering actual copies of your tax return by mail.

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.

2013 Tax Tip: Choosing The Tax Form That Is Right For You

IRS e-file makes it easy for taxpayers to choose which tax form to file. Tax software automatically chooses the best form for your particular situation. Most people e-file these days, but if you prefer taking pen to paper, the IRS has some tips to help you choose the right form.

Taxpayers who choose to file a paper tax return should know that the IRS no longer mails paper tax packages. The quickest way to get forms and instructions is by visiting the IRS website at IRS.gov. You can also order forms and have them mailed to you by calling the IRS forms line at 1-800-TAX-FORM (829-3676). You may also pick up tax forms from a local IRS office, and some libraries and post offices carry tax forms.

Here are some tips that will help paper tax return filers choose the best tax form for their situation.

You can generally use the 1040EZ if:

  • Your taxable income is below $100,000;
  • Your filing status is single or married filing jointly;
  • You are not claiming any dependents; and
  • Your interest income is $1,500 or less.

If you can’t use Form 1040EZ, you may qualify to use the 1040A if:

  • Your taxable income is below $100,000;
  • You have capital gain distributions;
  • You claim certain tax credits; and
  • You claim adjustments to income for IRA contributions and student loan interest.

If you cannot use the 1040EZ or the 1040A, you’ll probably need to file using the 1040. The reasons you must use the 1040 include:

  • Your taxable income is $100,000 or more;
  • You claim itemized deductions;
  • You are reporting self-employment income; and
  • You are reporting income from sale of a property.

IRS Publication 17, Your Federal Income Tax, provides helpful information about which form is best for you.

Access to IRS forms and instructions or information about e-filing, including IRS Free File, is available 24 hours a day, seven days a week on IRS.gov. Tax products often appear online well before they are available on paper. You’ll find downloadable tax products on IRS.gov by clicking on the “Forms and Pubs” link on the Home page.

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.

2013 Tax Tip: Which Tax Form Should I File?

Dealing with the question, which tax form should I file? IRS e-file makes it easy for taxpayers to choose which tax form to file. Tax software automatically chooses the best form for your particular situation. Most people e-file these days, but if you prefer taking pen to paper, the IRS has some tips to help you choose the right form.

Taxpayers who choose to file a paper tax return should know that the IRS no longer mails paper tax packages. The quickest way to get forms and instructions is by visiting the IRS website at IRS.gov. You can also order forms and have them mailed to you by calling the IRS forms line at 1-800-TAX-FORM (829-3676). You may also pick up tax forms from a local IRS office, and some libraries and post offices carry tax forms.

Here are some tips that will help paper tax return filers choose the best tax form for their situation.

You can generally use the 1040EZ if:

  • Your taxable income is below $100,000;
  • Your filing status is single or married filing jointly;
  • You are not claiming any dependents; and
  • Your interest income is $1,500 or less.

If you can’t use Form 1040EZ, you may qualify to use the 1040A if:

  • Your taxable income is below $100,000;
  • You have capital gain distributions;
  • You claim certain tax credits; and
  • You claim adjustments to income for IRA contributions and student loan interest.

If you cannot use the 1040EZ or the 1040A, you’ll probably need to file using the 1040. The reasons you must use the 1040 include:

  • Your taxable income is $100,000 or more;
  • You claim itemized deductions;
  • You are reporting self-employment income; and
  • You are reporting income from a sale of a property.

IRS Publication 17, Your Federal Income Tax, provides helpful information about which form is best for you.

Access to IRS forms and instructions or information about e-filing, including IRS Free File, is available 24 hours a day, seven days a week on IRS.gov. Tax products often appear online well before they are available on paper. You’ll find downloadable tax products on IRS.gov by clicking on the “Forms and Pubs” link on the Home page.

The above information was provided in a press release from the Internal Revenue Service. For more help on preparing your taxes and organizing your files contact professional organizing firm In Order to Succeed at info@inorderotsucceed.com, on Facebook and on Twitter.