File your taxes before 15th April

File your taxes upto 15th April. 15Th april is the last day to file your federal as well as state tax return. Visit http://www.irs.gov for more information.

Below is the various Promotinal Offer.

File Federal State Individual Taxes before April 15

Have you filed your tax return? April 15 is fast approaching.

April 15 is the last day to file an individual income tax return to IRS for both federal and state tax return. You can either print your tax return and submit it to IRS or E-File your tax return online before April 15 to save late return penalties.

There are many options to file your federal and state taxes quick and free including various software offers and listed companies on FFA page.

To file your Federal tax return free, you can choose the IRS free file program to choose the best company that suits you and your situation.

More information regarding Federal tax software and FFA options are describe in the earlier Post. (http://fstax.blogspot.com/2010/01/prepare-print-e-file-your-federal-taxes.html)

If you are not sure, that you are able to file your taxes before that, you can also file an extension (Form 4868) to the IRS to informing about the delay of your tax return. In that case you are not liable for penalty. Most of the software are also supporting the e-file of extension.

Also if you owe money then you have to pay your owe money with this form either by cheques or by direct debit. If you are e-filing then you have a option of direct debit else if you are sending this form as a paper file you need to attach a cheques along with the form. You can find more information about extension filing on http://www.irs.gov

Alternative Minimum Tax (AMT) Calculator for Individuals

Alternative Minimum Tax (AMT) Calculator for Individuals

Altername Minimum Tax(AMT) calculator
(http://apps.irs.gov/app/amt2009/index.jsp?ck)

Before going how to use this application given by IRS, below is some details on what is Alternative Minimum Tax (AMT)?

The Alternative Minimum Tax (AMT) is a parallel tax system with having its own regular tax, tax income and its related deductions. To figure out whether you owe any additional tax under the Alternative Minimum Tax system, you need to fill out Form 6251.

If the tax calculated on Form 6251 is higher than that calculated on your regular tax return, you have to pay the difference as AMT.

The Altername Minimum Tax Calculator provided by IRS government is intended to provide a simple test who fill out tax returns without using software to determine whether we may be subject to the AMT.

Below is the link from IRS to check the tax liabilities for your AMT called as AMT Assistant.

Altername Minimum Tax(AMT) calculator
http://apps.irs.gov/app/amt2009/index.jsp?ck

Answer a few simple questions about entries on draft 1040 and the system will show the results and will tell you that either you do not owe the AMT or that you must go further and complete Form 6251 to find out if you owe the AMT.

All the information are extracted from IRS website. (http://www.irs.gov) and information regarding AMT is taken from http://en.wikipedia.org/wiki/Alternative_Minimum_Tax

Credit for Child Adoption Costs-Code 197 for California State Taxes

Credit for Child Adoption Costs — Code 197

If you have adopted a child, you can claim a credit upto 50% of the adoption cost. You can claim this credit on your California State tax return (Form 540, Form 540 NR(long or short)) with credit code 197.

Your allowable credit is $2500 per childern and you can carry over the excess credit to future years.

There are certain rules to claim this credit on your california return and they are as below.

For the year in which an adoption decree or an order of adoption is entered (e.g., adoption is final), claim a credit for 50% of the cost of adopting a child who was both:

• A citizen or legal resident of the United States.
• In the custody of a California public agency or a California political subdivision.

Treat a prior unsuccessful attempt to adopt a child (even when the costs were incurred in a prior year) and a later successful adoption of a different child as one effort when computing the cost of adopting the child.

Include the following costs if directly related to the adoption process:

• Fees for Department of Social Services or a licensed adoption agency. 
• Medical expenses not reimbursed by insurance.
• Travel expenses for the adoptive family.

Note:

• This credit does not apply when a child is adopted from another country or another state, or was not in the custody of a California public agency or a California political subdivision.
• Any deduction for the expenses used to claim this credit must be reduced by the amount of the child adoption costs credit claimed.

Use same calculation shown bleow for each adoption. The maximum credit is limited to $2,500 per minor child.

1. Enter qualifying costs for the child . . . . . . . . . 1 _______

2. Credit percentage — 50%  . . . . . . . . . . . . . . . 2 _______x .50

3. Credit amount. Multiply line 1 by line 2.

     Do not enter more than $2,500 . . . . . . . . . . . 3 _______

Your allowable credit is limited to $2,500 for 2009. Carry over the excess credit to future years until the credit is used.

 
All the information are taken from California Government Website(http://ftb.ca.gov/). Please refer the instruction before claiming this credit on your state tax return.

New York Income Tax Refund Status for Tax Year 2009

Where to find out New York Income Tax Refund Status for Tax Year 2009?

Find the below link from the New York state government website to check out the refund status. 

New York State Tax Refund Status

(https://www8.nystax.gov/PRIS/prisHome)

On the webpage, Enter the below information to get the status of your refund.
- Enter your social security number;
- Select the form you filed; and
- Enter the exact whole-dollar amount of the refund that you claimed.



If you have file your NewYork state tax return and accepted by state government, then this is right tool to locate your state tax refund.

All content and links are taken from the New York Government Website. For more information you can visit on https://www8.nystax.gov/PRIS/prisHome

Calculate your California taxes using California State Tax Calculator 2009

Very Simple but powerful tool to estimate the status of your state tax return (refund or due) is a state tax calculator.

Below is the link of California state tax calculator provided by FTB on california government website.

2009 California State Tax Calculator

Choose the filing status and provide the gross income to calculate your state taxes. You can estimate your refund as per your taxes that you paid on your income.

You can file your california state taxes free of cost using government e-file options. You can read more on http://fstax.blogspot.com/2010/01/file-your-simple-california-state-tax.html

How to eFile with Free File service provided by IRS?

IRS Commercials on FREEFile options.

You can file your Free Federal Taxes with IRS using FreeEfile options. If you have your gross income $57000 or less, you can file with any of the 20 companies totally FREE.

You can find out more information regarding this program on http://fstax.blogspot.com/2010/01/prepare-print-e-file-your-federal-taxes.html

Below is one of the demo publish by IRS.

What is Nonrefundable Renter's Credit and how do I qualify for it?

California support personal income tax credit such as Non Refundable Renter's credit. If you paid rent for more than six months on your principal residence and meet the criteria listed below than you are liable to claim Renter's credit( $60 to $120) as per your filing status.

The Nonrefundable Renter's Credit is a personal income tax credit that can only be used to offset your tax liability; therefore, you must have a tax liability to claim the credit.

You can report this credit directly on all main form [Form 540/Form 5402EZ/Form 540NR].

You qualify for the Nonrefundable Renter's Credit if you meet all of the following:

1. You were a resident of California in 2009.
2. Your California adjusted gross income (AGI) is $34,412 or less if your filing status is single or married/registered domestic partner filing a separate return; or $68,824 or less if you are married/registered domestic partner filing jointly, head of household, or qualified widow(er).
3. You paid rent for at least half of 2009 for property in California that was your principal residence.
4. You did not live with another person for more than half the year (such as a parent) who claimed you as a dependent in 2009.
5. You are not a minor living with and under the care of a parent, foster parent, or legal guardian.
6. You rented property for more than half the year that was not exempt from California property tax in 2009.
7. If you are married, neither you nor your spouse/registered domestic partner was granted a homeowner's property tax exemption during 2009. (You can still qualify for the credit, even though your spouse/registered domestic partner claimed a homeowner's exemption, as long as each of you maintained a separate residence for the entire year in 2009).

If you meet the requirements above the credit is:

• Single, $60
• Head of Household or widow(er), $120
• Married/registered domestic partner filing separately, $120
• Married/registered domestic partner filing jointly, $120

 All information is taken from California Government website. [http://www.ftb.ca.gov/individuals/faq/ivr/203.shtml]

File Free IDAHO individual income taxes Online

Free Federal and State electronic filing for IDAHO State

While searching for online IDAHO state tax return preparation, find the link where software companies who are providing free services to file both FEDERAL and STATE taxes.

The state of Idaho has partnered with software developers and the IRS to provide selected groups of taxpayers with free electronic filing.

Below are the list of software developer who are providing Federal and State taxes both FREE (if you qualify). If you do not qualify, they will charge depending upon their offers. You can find out more information on Idaho state government website for the same.

Intuit

Intuit offers free tax preparation and e-filing of both federal and state tax returns with TurboTax Freedom EditionSM if in tax year 2009 you met at least one of the following requirements:

• If you qualified for the Earned Income Tax Credit (EIC),
• If you earned $31,000 or less in adjusted gross income (AGI)
• If you served active military duty,including reservists and National Guard members with a military W-2, and your AGI was $57,000 or less.

OnLine Taxes

OnLine Taxes offers free e-filing of both federal and state tax returns for all Idaho taxpayers age 20 or under.

Tax Hawk

TaxHawk offers free e-filing of your federal and state tax return with the following requirements:

• Federal tax return : No Restrictions
• State tax return : if you earned $20,000 or less in adjusted gross income (AGI).

TaxSlayer

TaxSlayer offers free e-filing of both state and federal tax returns. Taxpayers are eligible for free filing if their federal adjusted gross income (AGI) was less than $57,000 and they met any of the following requirements:

• Aged 25 or younger or 65 or older.
• Had a federal AGI of $10,000 or less regardless of age.
• Qualified for the Earned Income Tax Credit (EIC).
• Served active duty military including reservists, National Guard, and Coast Guard members.

All above contents are taken from IDAHO government website. You can find the same offers on the related companies website. 

[Neither this website nor the Idaho Tax Commission does not endorse the following companies, products, or services. The companies listed on this page offer different levels of service, so you may want to look carefully at each provider to see which free filing offers you qualify for.]

File Your Louisiana State Taxes Free

Louisiana government provides free E-File services online.

While finding out the resources to file Louisiana Taxes find out the important information regarding online services provided by State government itself.

Below is the link to start your Louisiana state taxes with Louisiana Government website.

File LouiSiana State Taxes

https://esweb.revenue.louisiana.gov/IndividualIncomeTax/Register.aspx

As per government website, requirenments to file Online taxes are simple and they are as below.

1. You must have filed an individual income tax return with the state of Louisiana for the 2004 tax year or later.
2. You must have to create an account to file your online LA Taxes. (Which you can create from above given link while preparing your state taxes.)

All information is taken from the link https://esweb.revenue.louisiana.gov/IndividualIncomeTax/Login.aspx?ReturnUrl=%2fIndividualIncomeTax%2fdefault.aspx