Question by A: Does “federal refund” on the upper left corner of turbo tax mean money I owe or money I will get?
That small box on the free edition of turbo tax that says federal refund, I was wondering if thats the money I need to pay or the money I get refunded back? I think its money you get back but I want to make sure!

Thanks (first year filing taxes here…)

Best answer:

Answer by Randy
It’s money you get back. If you enter your checking account information, they can put the refund right into that account.

Know better? Leave your own answer in the comments!

Question by evilnumberlady: How does the “Property Tax Credit” apply to people with escrow accounts in the state of Michigan?
I’m trying to do my taxes using H&R Block and for my Michigan return it’s demanding information about property taxes on the home I bought this year. I don’t know what my millage, taxable value or total property taxes are because I have an escrow account.

Here’s the exact error it’s giving me:
“MI – Property taxes, days occupied, address and taxable value for residence on 12/31/2007 are required entries for the property tax credit.”

Does the credit even apply to me since I have an escrow account? If it does how can I find the information needed? Do I just need to get a copy of the property tax bill from my lender?

Best answer:

Answer by bostonianinmo
Get a copy of the bill from the tax district. Although tax collectors routinely send property tax bills only to the mortgage lender they will send you a copy upon request. Most can flag your record to automatically send you a copy of ALL bills, assessment sheets, payment receipts, etc.

You should ALWAYS request duplicates for your own protection! I’ve had mortgage lenders pay bills late and needed the paid receipt as proof to go after the lender for the penalties and interest.

Know better? Leave your own answer in the comments!

Liberty Tax Service


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Liberty Tax Service advertiser dancing in Boynton Beach, Florida

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Tax Rebate Rewind – Taxpayers May Get a Second Chance for a Rebate

San Diego, CA (PRWEB) December 9, 2008

Millions of taxpayers may get a second chance to qualify for a tax rebate, commonly referred to as a recovery rebate credit, under the economic stimulus package passed last February.

TurboTax®, the nation’s best-selling, No. 1-rated tax preparation software from Intuit Inc. (Nasdaq: INTU), makes it easy for taxpayers to see if they’re eligible for a recovery rebate credit, even if they received a rebate in 2008. It will also tell them exactly how much money they have coming.

Taxpayers may be eligible for a rebate check when filing their 2008 tax returns if they:

    Filed a 2007 tax return, but didn’t qualify for a rebate, or qualified for less than the full amount due to their income, dependents or filing status.
    Had a financial or other life change in 2008, such as getting married, having a baby, or a significant change in income.
“Getting every dollar you deserve has never been easier, or more important,” said Bob Meighan, CPA and vice president with TurboTax. “TurboTax automatically determines whether you qualify for a rebate and then tells you how much to expect based on your 2008 taxes.”

Eligible taxpayers will likely receive their rebate check in 2009 after filing their 2008 tax return. For most taxpayers, the recovery rebate is an advance credit on their 2008 taxes that will not need to be repaid, deducted from their refund or taxed.

Determining Eligibility:

Who may be eligible for a second chance to claim a rebate?

    Individuals who did not qualify for a rebate because their 2007 income was too high, but were recently laid off from their job will likely qualify, but they need to file a 2008 tax return
    Families who had a baby in 2008 may be able to claim an additional $ 300 assuming they otherwise qualify.
More information about qualifying for second stimulus is available at turbotax.com.

About Intuit Inc.:

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. The company’s financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $ 3.1 billion in its fiscal year 2008. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at intuit.com.

Intuit, the Intuit logo and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.

Ashley Kirkendall

Intuit Inc.    

858-215-9069

Jennifer Butler

MS&L

212-468-3392

###

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Question by Kemmy: NY State Sales Tax fluctuations?
After looking over my receipts, some are charging sales tax of 8.375% and some 8.125%. I thought it may be non-food vs food and clothing…but I can’t seem to make the categories + tax add up.
Does anyone have a list of taxes for NY State that includes what gets taxed and what doesn’t? I feel like I’m getting jipped off with the fluctuation store-to-store between the two taxes on the same items.

Also, one store is charging an “alt sales tax”, which doesn’t even say the percentage or on what item.

Example receipt:
Hot Tea Mugs @ $ 5.97
Febreeze Spray @ 2.99
Socks @ 6.99
Alt Sales Tax: .31
8.375 Sales Tax: .75

I understand the 75c comes from the Mug and Febreeze…What’s with the alt sales tax? Can anyone see a pattern?
D’oh. Yeah, probably different counties since I’m on the border of two. Still interested in a chart stating the different county taxes and what gets taxed and what doesn’t. Searched for sales tax by county and the results I received were not matching up with my “8.125″ and “8.375″ numbers.

Best answer:

Answer by Wayne Z
Were the items purchased in different counties?

Sales taxes in NY vary by county.

Know better? Leave your own answer in the comments!

Liberty Tax Service Executes Certification Process for Its Tax Preparers

Virginia Beach, VA (Vocus) March 9, 2007

Liberty Tax Service has developed and implemented a tax preparer certification process for its preparers as a proactive approach toward professional standardization and customer satisfaction. Many states such as Maryland, Oregon and California have tax preparer standards in place which tax companies must comply with in order to operate and hold tax schools for the public. The future holds tougher government scrutiny of the credentials within the tax preparation industry, and Liberty Tax management and tax specialists have decided to create a pilot program.

“The ultimate goal is to have every tax return prepared by a certified preparer,” said John Hewitt, CEO and Founder of Liberty Tax Service.

The company tapped resources within its corporate tax and software department, and solicited feedback from franchisees and management to develop a web-based examination. The three-tier skill examination is crafted to measure skills of entry and more seasoned preparers. The examination also is a test of the training materials and teaching methods.

About Liberty Tax Service:

Founded in 1997, Liberty Tax Service is the fastest growing retail tax preparation company in the industry’s history. Founder and CEO John T. Hewitt has 38 years of tax industry experience, the most of any CEO in the tax preparation business. Hewitt is also the founder of Jackson Hewitt Tax Service (NYSE: JTX).

Liberty Tax Service (http://www.libertytax.com) operates 2,450 offices throughout the United States and Canada, and has prepared over 4,000,000 individual income tax returns. The company focuses on computerized income tax preparation, electronic filing and refund loans. Emphasis on customer service including audit assistance, a money back guarantee and free tax return checking are just a few of the above and beyond features offered by Liberty Tax Service.

Contact:

Martha O’Gorman

Liberty Tax VP of Marketing

(800) 790-3863 ext. 8022

# # #

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

The Customs of the Middle Ages

A comprehensive and detailed account of medieval life and culture in France, with reference to other parts of Europe, including chapters on private life, food, hunting, games and pastimes, costume, privileges and rights, justice, commerce, finance, and punishments.
Contents:
People and Land
Privileges and Rights
Life in the Castles, Towns, and Rural Districts
Food and Cookery
Hunting
Games and Pastimes
Commerce
Guilds and Trade Corporations
Taxes, Money, and Financ

List Price: $ 4.87

Price:

Question by LisaandTim: Can I file an “Injured spouse form” if I didn’t work?
My husband owes money in back child support…will they take all his income tax money if he claims our son we have together? As well as claims my son from a previous relationship? If so can I file an injured spouse form even if I didn’t work…to try and at least get something back for our son together and my son (his step son)? I do not recieve child support so he fully supports my son from a previous relationship.

Best answer:

Answer by Mrs. Sweets
Yes if you’re in an community property state,BUT if not no need to file injured spouse.

Add your own answer in the comments!

Work in progress: CAB clients’ experiences of working families’ tax credit (Evidence report)

Price:

EasySolarQuotes.com Expands Solar Installer Network to California

West Palm Beach, FL (Vocus) October 26, 2010

EasySolarQuotes.com has announced that it has expanded its network of solar installers to the state of California. Now, homeowners and commercial businesses can fill out the simple form on the website and have up to three California solar companies contact them with free price quotes.

California leads the nation when it comes to green energy. Its prevalent sunshine makes it more economical than most places for implementing solar power projects. Installation of solar energy facilities has been encouraged through programs such as the California Solar Initiative (CSI), begun in 2006 by the California Public Utilities Commission. Providing over $ 3 billion in incentives to solar-related projects, the program aims to provide 3,000 megawatts of solar capacity in the state by 2016.

The CSI rebate program, by projecting energy production, enables users of solar power to receive $ 1.10 to $ 1.50 per kilowatt-hour of solar energy back from the State of California. For a system that produces 5,000 kilowatt-hours, homeowners can get anywhere from $ 5,500 to $ 7,500 back in California solar rebates.

Gregg Weiss, Founder of EasySolarQuotes.com commented, “Installing solar power is not only beneficial to the environment, but now carries a financial reward as well, by way of government incentives and tax rebates. As the solar market expands, EasySolarQuotes.com will be there to offer a hassel free way for homeowners to get the best deal on solar panel installation services.”

The only information required is the applicant’s name and contact information, the type of project, and the expected period. Little time is wasted on getting in touch with California solar installers, so home and business owners can start taking advantage of state and federal tax credits. Property tax exemptions for solar electric systems in California allow home property values to increase by as much as $ 30,000. In addition, for certain types of solar energy systems, installed by December 31, 2016, the California tax code allows for property tax exclusion, meaning a 100% property tax rebate on solar panel installation.

“There has never been a better time to install solar systems, protect the environment, and contribute to the growth of green jobs,” added Weiss.

EasySolarQuotes.com not only offers a simple platform for home and business owners, and California solar companies, to register. The site also provides information on incentives and California solar rebates as well as links to additional solar resources and news.

About EasySolarQuotes.com

EasySolarQuotes.com provides a simple means for homeowners and businesses to connect with solar panel installers. By filling out a simple form, applicants can expect three installers to contact them with price quotes at no cost. The site also provides information on solar energy, technology, and benefits.

# # #

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.