Tips & Tweaks

Online Guide to an Easier Tax Season

we can do laundry from our smartphones and file tax returns electronically.Technology has made it shockingly easy to tend to our taxes, especially for the procrastinators and hyperactive digital multi-taskers who fear the date like plague.You can use the following resources.

1.Internal Revenue Service (IRS) on the Web

It’s the first tax filing season that the IRS won’t be mailing its forms. It is taking steep measures to modernize its offerings in order to meet the needs of growing tech-savvy taxpayers. The benefits of filing electronically include knowing the status of your return 72 hours after submitting it versus the three to four weeks it takes via snail mail. Plus, you can find tax tips using all of these IRS new media resources:

how_to_pay_your_taxes_online
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  • E-mail alerts: Daily tax tips to help with planning and preparation.
  • Podcasts      : Available in English and Spanish on the IRS website and iTunes.
  • YouTube      : Videos on the IRS Channel include segments for homebuyers, choosing a tax preparer and education/vehicle tax deductions.

2.Mobile Apps

You can also file your taxes from your Smartphone By the useing the TurboTax .TurboTax is a free mobile app. It is called SnapTax,this service is not for everyone,it’s about as easy as ordering takeout and about the same price at $14.99. Here are the simple steps:

  • Download SnapTax (available for iPhone and Android)
  • Take a photo of your W-2 with your phone’s camera.
  • Answer basic questions.
  • Review, pay and e-file.
  • And while “free” and “IRS” don’t always go hand-in-hand, the agency does offer a mobile app completely gratis.
  • It allows taxpayers to check on the status of their refund.
  • It sends a notification when a refund is processed or if additional information is needed.
  • You can sign up for IRS tax tips and see Twitter updates.

3.Tax Planning

You can use the web-based services for organizing and archiving. The IRS recommends saving tax returns and supporting documents for three to six years.

  • Mint.com: Free financial management that pulls all your accounts (savings, checking, auto, mortgage and investments) into one place online.
  • Helps you create a goal to save money by tax time and offers tips on how to save.
  • Tags tax expenses and business deductions.
  • Sends notifications when your refund arrives.
  • Dropbox: A web-based file hosting server that enables storing and sharing information through cloud computing.
  • Scan your receipts in a digital format and safely keep e-filing confirmations, residential documents, and other financial records.

4.Security

The issue of privacy inevitably comes up when financial records are being transmitted online.hear we have included some several precautions you can take when filing online Tax.

  • Look for secure connection and encryption on sensitive information like social security numbers.
  • Mint.com uses 128-bit SSL encryption (the same security that banks use) and all data is protected and validated by VeriSign and TRUSTe. Mint is also read-only, so no money can be moved in or out of any account.
  • The IRS clearly states their smartphone app is masked and encrypted for security purposes.
  • Password protect your laptops, smartphones and tablets, so a thief can’t easily get information if your device is lost or stolen.
  • If filing from a coffee shop or other public area, be aware of the people around you and make sure you’re on a secure network.
  • Set up remote phone locks and GPS tracking software such as “Find my iPhone” for iPhone, iPod touch and iPad to shut down thieves.
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Matthew

Matthew is a technology blogger for vritesh.com

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