Can’t afford a tax Professional: Use Free File for Help with Tax Returns, Extensions and More

Tax Time Guide: Use Free File for Help with Tax Returns, Extensions and More

 

The Internal Revenue Service today reminded the millions of taxpayers who have yet to file their taxes that IRS Free File remains available either online at IRS.gov/FreeFile or throughthe mobile app, IRS2Go. The IRS2Go app is available for Android and iOS devices.

The IRS Free File service makes brand-name tax software products and electronic filing available to most taxpayers for free. Some products offer both free federal and free state return preparation.

The IRS has developed a series of tips, the Tax Time Guide, to help taxpayers navigate common tax issues as this year’s April 18 deadline approaches. This is the second in a series of 10 tips.

Taxpayers have the option to prepare their return at any time and schedule a tax payment as late as the April 18deadline. Taxpayers who cannot meet the April tax filing deadline can also use IRS Free File to request an automatic six-month extension until Monday, Oct. 16, 2017.

Through a partnership between the IRS and the Free File Alliance, a group of 12 leading tax software companies makes their branded products available for free. Since 2003, more than 49 million people have used IRS Free File, saving $1.4 billion based on a conservative $30 fee estimate.

Anyone who earned $64,000 or less last year qualifies to choose from among 12 software products. Those earning more than $64,000 can use IRS Free File Fillable Forms, the electronic version of IRS paper forms. The Fillable Forms option is best for people who are comfortable preparing their own tax returns.

More than 70 percent of all taxpayers — 107 million people plus — are eligible for the software products. Each of the 12 companies has its own special offers, generally based on age, income or state residency. Taxpayers can review each company offer or they can use a “Help Me” tool that will find the software for which they are eligible.

Active duty military personnel with incomes of $64,000 or less may use any IRS Free File software product of their choice without regard to the criteria. IRS Free File software does the hard work. It walks users through the tax preparation process, and helps identify those tax changes that may affect their return.

IRS Free File allows taxpayers to deposit all or part of their refunds into myRA, a free starter retirement savings account from the Treasury Department. Just use Form 8888 or follow the software product’s instructions.

IRS Free File will be available through Monday, Oct. 16, 2017, only through IRS.gov/FreeFile.

 

All taxpayers should keep a copy of their tax return. Beginning in 2017, taxpayers using a software product for the first time may need their Adjusted Gross Income (AGI) amount from their prior-year tax return to verify their identity. Taxpayers can learn more about how to verify their identity and electronically sign tax returns at

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“If you can't figure it out, figure out a "work-around!" The NestEggg Group was founded with a firm belief that working exclusively with professional firms to help them see past their history into the potential of their futures. Your potential is limited only by your creativity. Jeff's business purpose— “why”—centers on changing results through viewing things in new ways. He expounds: “Changing our results requires changing our actions. Because what we do proves what we believe, only when we change our beliefs can we progress. New insights are what cause us to shift our beliefs.” So what results do you want to attain? Call Jeffrey (1-888-987-NEST) when it’s time for progress. About Robert "Jeffrey" Wolter, President The NestEggg Group, Inc & EgggsAct Tax, Inc. & Managing Member NestEggg Investment Advisors Jeffrey is a common sense and productivity strategist. He facilitates and teaches about growth, positioning, and pricing strategies; leadership; operations; business communications and philanthropy. What he does best—differently from others—is energize people while he shows them how to solve business effectiveness. He clarifies the intricate, huts new light. He encourages hope. He sets you up to make development possible. Jeffrey is recognized for his original ideas and success with practical implementation, even as he challenges the "norm". Jeffery is a skilled facilitator. His deep knowledge of his firm(s) operations and ability to understand the intricacies of All of his clients, gives way to sharp observation skills allow his grasp a firm’s nuances quickly. He then guides firm owners and their teams on their unique paths toward improved profitability, smoother operations, stronger cultures and how and when to give back. Since 1998, he's helped more than 5,024 QuickBooks users and business owners achieve results such as: expanding revenues, attracting and inspiring talent, aligning operations with long-term objectives, discovering and leveraging their differentiation, substantially increasing sales and proposal results, strengthening relationships with their clients, and finding more joy in their work. His 25+ year career background includes roles as entrepreneur, finance director, board of director for several nonprofit, creative business development, insurances agency owner, Wealth Management Firm owner, editor, Tax Specialist, Accounting Director, Mediator and more. Before creating his firm in 2007, Jeffrey was an accountant for several well know local firms and individuals. After building a successful accounting practice, he became intrigued and inspired by the uniqueness of how Insurance, Investment's/Wealth Management, Taxes and Accounting/Bookkeeping all tend to work together, he branched out and created his list of Affiliate Companies in 2012 & 2013 In 2013, joined the Intuit Accountants Council and has assisted in the continued enhancement of the popular QuickBooks (Desktop and Online versions) and did so until late 2015. In 2014 with the legalization of Marijuana, Jeff and his team have committed themselves to knowing as much about the industry and being there to offer Cannabis Compliant, Accounting, Tax & Insurance to business owners that have or need help in keeping in with the Federal government's "280E"
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