Income Tax Tag: 2009

IRS today confirmed the opening of their e-file program for 2008 federal income tax returns. The official IRS e-file open date is January 16, 2009.

IRS e-file program began as a pilot project in just 3 cities back in 1986 with just 25,000 tax returns filed electronically that year. Each year the number of tax payers choosing e-file continues to grow, with almost 90 million IRS tax returns e-filed last year according to published IRS statistics.

Among a dozen other things, the IRS also said the following today:

“…the error rate is so low for e-filed returns. In fact, the error rate is significantly reduced from 20 percent with paper returns to about 1 percent with e-filed returns.”

“Taxpayers who use e-file and who choose direct deposit can receive their refund in as few as 10 days. That’s because with e-file, there’s no paper return going to the IRS. And with direct deposit, there’s no paper refund going to the taxpayer.”

So not only does e-file deliver your income tax refund money faster than mail in tax forms,  those who e-file usually don’t make any errors. No doubt that income tax preparation software is partly responsible for the reduction in tax form errors. And we must note also that Turbo Tax and Tax Cut are quoting “in as few as 8 days” as the number of days for which you can receive your IRS income tax refund.

QuickBooks Pro is the most popular version of the QuickBooks small business financial software. QuickBooks Pro helps small business owners focus on growing sales and making money by simplifying routine accounting tasks. QuickBooks Pro users are able to:

• Immediately know if they are making money or not
• Be ready at tax time with full and accurate accounting records
• Pay bills, manage expenses, and create purchase orders in minutes
• Grow their business

QuickBooks Pro 2009: 1 user license $159.96, 2 user $303.95, and 3 user $439.95. These prices were verified today using the QuickBooks Pro free trial link on our web site. Prices may change at any time so don’t wait!

QuickBooks Pro is also extendable. QuickBooks Payroll confidently manages your salaries and employee payments. QuickBook Merchant Services allows store owners to accept credit and debit cards. Use our QuickBooks free trial link to learn more and to get discount pricing.

Still waiting for your W-2 forms? Without your W-2 forms it’s impossible to file your income tax refund or income tax due forms. W-2 forms are the standardized statements of income that each employer must provide to their employees before January 31, 2009 for the 2008 income tax year. Depending upon the size and policies of your company’s payroll department, you may get your W-2 form early or late in January. Lucky employees get their W-2 forms the second week of January just about when the IRS begins to accept e-file of tax forms. The IRS begins to accept e-files on January 16, 2009.

- Income Tax Pro

IRS begins the 2008 income tax return filing season this month and has announced that IRS E-file opens on January 16, 2009. IRS E-file as we often discuss on our website is the process of filing your federal income tax refund or federal income tax due forms electronically versus sending income tax forms through the mail.

The IRS is expecting to process income tax refunds faster this year. E-file your federal income tax refund online and choose the direct deposit option and get your income tax refund money in as few as 10 days says the IRS. We’ve seen the IRS tax refund money estimate quoted as 8 to 15 days elsewhere, so the general expectation seems to be within that range.

Turbo Tax Free with free e-file states on their website that you can get your IRS tax refund in as little as 8 days.

- Income Tax Pro

Income tax year 2008 is coming to an end and here at IncomeTaxPro.Net that means it’s time to update our website for the coming income tax preparation season. New this year is our Blog about income tax forms, income tax software, and anything related to IRS income tax returns that we think might be of interest to our website visitors. On our web site you can now print 2008 federal IRS income tax forms. Save time and gas and skip the drive to the post office or library to get income tax forms. Remember to prepare your income tax return before the annual filing deadline, which for most tax payers your IRS income tax forms must be postmarked by April 15, 2009. The current IRS income tax year is January 1, 2008 through December 31, 2008. We have organized printable income tax forms and common schedules under the headings 1040EZ, 1040A, and 1040 so that all you have to do is click to view, print, and or save. Want to free efile your income taxes this year? We have links to free efile income tax software on our website from top service providers like Turbo Tax, Tax Cut and more.

- Income Tax Pro