Some of the questions are answered by actual TurboTax professionals, but many are answered by other users, including “Super Users” who are active in the community and whose answers have been highly rated by others. TurboTax also has a free edition of their online tax preparation for completing simple federal tax returns. 3. H&R Block
Do you have to pay for tax advice?
Nor do you have to pay a tax professional hundreds of dollars to add and subtract every line on your tax form. If you feel confident preparing your taxes on your own and just need a little help along the way, there are several places where you can get free tax advice from experts—even the IRS itself!
Where can I get a free tax return?
The IRS also offers free tax preparation for members of qualifying communities, including “low-to moderate-income (generally, $49,000 and below) people who cannot prepare their own tax returns” and the elderly. More information is available on the IRS’s Free Tax Return page.
Where can I get free tax prep software?
Tax-prep software provider TurboTax offers the TurboTax Live Community. Open to everyone—whether or not you’re a TurboTax user—TurboTax Live allows taxpayers to post, read, and answer tax questions about both federal and state returns.
What’s the best way to save money on taxes?
This often leads to people buying things unnecessarily just to get a tax deduction. A more beneficial tax saving strategy to focus on building profit and personal wealth, rather than trying to minimise tax via spending. Structuring your business and personal assets is the best place to start when minimising tax.
Which is the best tax minimisation strategy for your business?
As a general overview, the most beneficial strategies for tax minimisation are: At Liston Newton, we have a wealth of knowledge around tax minimisation strategies. We know no two businesses are the same. To find out how you can make the most of your tax return, get in touch with us today, or call us on [phone]. 1. Structuring assets