At the end of every year, the headache of paying various bills and taxes starts to wander an individual’s head. To ease the whole process of going and Filing taxes, Turbotax tax file has brought s remedy for the users. The applicant who wishes to file tax or tax return, online can apply via TurboTax. The process requires that the user should follow certain steps, the instructions are:
STEPS INVOLVED IN FILING THE TAX RETURN AT TURBOTAX
STEP1: COLLECT ALL THE TAX DOCUMENTS
To register for the TurboTax free file returns, the user requires the W-2s or 1099 forms that the user must have obtains for the tax years to report the income of the user. If the user was eligible for discounts and extensions, then they just have to gather as many receipts and supporting documents as possible. These records would prove the eligibility of the user to claim the Tax return.
STEP2: IRS TAX FORMS OF PRIOR YEAR
The user must always file the Tax Returns on the initial forms for each tax year that they are filing. Often users are stuck upon the question of "can I file previous year’s taxes with TurboTax?"- The answer to which is yes they can. The user can always search and explore through the IRS website for the forms. But since TurboTax tries to ease the users work, it is advisable to fill in the form onsite.
STEP3: ARRANGE THE TAX RETURN
Often people are in a dilemma where they have no idea whether they can use the TurboTax to file for previous years or not. But the answer to this question is that they cannot complete prior year tax forms using guidance from the current tax year. The user needs to double check to verify that the steps they are utilizing are same tax year as the one they are preparing. It should be noted that the rules and regulation for the tax filing change every year, hence the user should prepare the return over and over again.
STEP4: SUBMIT THE FORM
Before submitting the form, the user should verify that no E-filling Issues in TurboTax arise while they are in the process of submitting it. The user needs to submit the application forms to the IRS at the listed address which is in the form of 1040 instructions. If the user owes the extra income tax for any of the previous years, then they should identify to cover as large payment as they can to reduce the interest charges.
These are some of the steps which the user can take while they are filing for tax returns. If the user feels that they are missing out on any step and they need guidance for the same then they can contact the online number of TurboTax customer service.
Source: http://bit.ly/2N5jVuV
