Free File Alliance

IRS Free File Alliance
Free File Software Offers - irs.gov. Free File Software Lookup Tool - irs.gov. Free File: Everyone Can File an Extension for Free - irs.gov. Free File: Do Your Federal Taxes for Free - irs.gov.

Tax preparation in the United States

tax preparationtax preparertax filing
Some popular tax preparation software, particularly in the United States includes: The Free File Alliance is a group of tax preparation companies that have partnered with the Internal Revenue Service to provide free electronic tax filing services to U.S taxpayers meeting certain guidelines. *Tax return (United States) * Free Federal IRS e-file Credit Karma Tax. TaxSlayer. TaxACT. H&R Block at Home (formerly TaxCut). TurboTax. Intuit ProSeries.

H&R Block

H&R Block, Inc.HR BlockTaxCut
The company set aside $2.45 million in restitution for customers if they purchased a "refund anticipation loan" or a "refund anticipation check" through H&R Block between January 1, 2001 and December 31, 2008. In addition, H&R Block agreed to pay $500,000 in penalties and $1.9 million in fees and costs. In 2011, H&R Block ceased offering RALs altogether, a move praised by consumer rights activists. On March 16, 2006, New York Attorney General Eliot Spitzer sued H&R Block, accusing the company of deceptive marketing of its Express IRA retirement accounts.

Tax return (United States)

tax returntax returnsincome tax returns
Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency (California Franchise Tax Board, for example) containing information used to calculate income tax or other taxes. Tax returns are generally prepared using forms prescribed by the IRS or other applicable taxing authority. Under the Internal Revenue Code returns can be classified as either tax returns or information returns, although the term "tax return" is sometimes used to describe both kinds of returns in a broad sense.

Income tax in the United States

federal income taxincome taxIndividual income tax
Internal Revenue Code (IRC) (legislative authority, written by the United States Congress through legislation). Treasury regulations. Federal court opinions (judicial authority, written by courts as interpretation of legislation). Treaties (executive authority, written in conjunction with other countries). Tier 2. Agency interpretative regulations (executive authority, written by the Internal Revenue Service (IRS) and Department of the Treasury), including:. Final, Temporary and Proposed Regulations promulgated under IRC § 7805. Treasury Notices and Announcements.

TaxSlayer

In addition to their paid offerings, TaxSlayer also participates in the IRS Free File Alliance, a nonprofit coalition of industry-leading tax software companies that partnered with the IRS to help millions of Americans prepare and e-file their federal tax returns for free. By participating in this program, TaxSlayer guarantees free preparation and e-filing to taxpayers who meet a set of income criteria. The TaxSlayer Center is a 12,000-seat arena located in Moline, IL, of the Quad Cities region. The stadium is home to the Quad City Mallards, a minor league professional hockey team, and the Quad City Steamwheelers of the Champions Indoor Football League.

Tax refund

tax rebaterefundrebates
Refund anticipation loans are a common means to receive a tax refund early, but at the expense of high fees that can reach over 200% annual interest. In the 1990s, refunds could take as long as twelve weeks to come back to the taxpayer; however, the average time for a refund is now six weeks, with refunds from electronically filed returns coming in three weeks. Some people believe that getting a large tax refund is not as desirable as more accurate withholding throughout the year, as a large refund represents a loan paid back by the government interest-free.

IRS tax forms

Form 990tax formsIRS Form 990
Internal Revenue Service (IRS) tax forms are forms used for taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service of the United States. They are used to report income, calculate taxes to be paid to the federal government, and disclose other information as required by the Internal Revenue Code (IRC). There are over 800 various forms and schedules. Other tax forms in the United States are filed with state and local governments. Form 1040, U.S.

Electronic Tax Administration Advisory Committee

ETAAC’s primary purpose is to provide continued input into the development and implementation of the Internal Revenue Service’s strategy for electronic tax administration. ETAAC researches, analyzes, considers and makes recommendations on a wide range of electronic tax administration issues. Each June, ETAAC presents an annual report to the United States Congress on the IRS’s progress with electronic tax administration. ETAAC also provides an organized public forum for the discussion of electronic tax administration issues in support of the overriding goal that electronic filing should be the preferred and most convenient method of filing tax and information returns to the IRS.

Modernized e-File

Modernized e-File (MeF) is an electronic system for filing tax returns with the Internal Revenue Service (IRS) of the United States. The MeF system describes tax forms in terms of XML and supports web-based filing. Modernized e-File was originally introduced in 2004, exclusively for corporate tax returns. Initially, there was only support for Form 1120 and related forms, but each year additional corporate tax forms were supported. Beginning with tax year 2009, the IRS will extend the Modernized e-File program to cover the 1040 series of forms for income tax returns filed by individuals. The IRS expects to accept the first MeF-based individual income tax filings in 2010.

Earned income tax credit

earned incomeearned income creditEITC
RALs (Refund Anticipation Loans) are short term loans on the security of an expected tax refund, and RACs (Refund Anticipation Checks) are temporary accounts specifically to wait to receive tax refunds, which are then paid by a check or debit card from the bank less fees. The combination of Earned Income Credit, RALs, and RACs has created a major market for the storefront tax preparation industry. A 2002 Brookings Institution study of Cleveland taxpayers found that 47 percent of filers claiming EIC purchased RALs, as compared to 10 percent of those not claiming EIC.

Federal Systems Integration and Management Center

Large and long-running FEDSIM projects from the 80s and up to the present have included IT support of ADNET, a multi-agency Anti-Drug Network; development of the Internal Revenue Service’s Electronic Filing system E-file; purchase of scientific computers for the National Institutes of Health; program management support to JIDA, the Defense Department’s Joint Improvised-threat Defeat Agency; and multi-faceted system integration projects for the Agency for International Development, the Federal Deposit Insurance Corporation, and others.

Instant Tax Service

Instant Tax Service was, until a federal court ordered its closure as part of a fraud lawsuit, based out of Dayton, Ohio, and specialized in tax preparation, electronic filing, and refund anticipation loan services. Founded in 2000 by Fesum Ogbazion, the company was the second venture for Ogbazion, who cut his teeth in the tax industry with the founding of Instant Refund Tax Service in Cincinnati, OH in 1994. Ogbazion sold Instant Refund Tax Service to Fortune 500 giant Jackson Hewitt in 1999 and used the proceeds from the sale to start Instant Tax Service. In 2009, Instant Tax Service was ranked #93 on the nation's top 500 fastest growing companies list by Inc. Magazine.

IRS Return Preparer Initiative

IRS instituted the Return Preparer Initiative
In order to e-file, a preparer must become an Authorized IRS e-file Provider. Preparers were to be able to use IRS e-services to submit an application. In October 2010 speech, IRS Commissioner Shulman announced the creation of a Return Preparer Office. The Return Preparer Office was to be responsible for implementing the new requirements and for oversight of the IRS return preparer program. The Office was to work in partnership with the Office of Professional Responsibility, which is responsible for the enforcement of Circular 230 conduct issues.

Jackson Hewitt

Jackson Hewitt, Inc.Jackson Hewitt tax centerJackson Hewitt Tax Service, Inc.
During the 2013 tax season, it expanded its presence into Sears throughout the U.S. and Puerto Rico. on January 7, 2015 Jackson Hewitt unveiled its new brand logo and slogan "Working hard for the hardest working" and the return of refund anticipation loans with 0% interest and no credit check. Jackson Hewitt provides its customers with tax-return preparation services and electronic filing. Through the use of its tax software, ProFiler, the company provides computerized federal income tax preparation, state income tax, and individual tax preparation services to customers through its brick-and-mortar operations.

H&R Block Tax Software

H&R Block offers in-person tax filing and consumer tax software for online tax preparation and electronic filing (e-file) from their website. There are a variety of software and online products including, H&R Block Online Free, H&R Block Online Deluxe, H&R Block Online Premium, H&R Block Basic Tax Software, H&R Block Deluxe Tax Software, H&R Block Premium Tax Software and H&R Block Premium & Business Tax Software. Either the online or software versions will prepare and file one's federal and state income tax returns with the IRS with the option of electronically filing (e-filing) and direct depositing an applicable tax refund into a specified bank account.

Andover, Massachusetts

AndoverAndover, MAAndover, Mass.
The Internal Revenue Service (IRS) Andover Campus service center, which for many years accepted tax forms from several neighboring states. With increasing rates of e-filing, that function was threatened with phase-out in 2009. The federal employee's union, National Treasury Employees Union, in mid-2009 pushed for special consideration under the Troubled Asset Relief Program for employees threatened with losing jobs. In late 2009, the U.S. General Services Administration received money through the American Recovery and Reinvestment Act of 2009 to fund the $85 million green modernization of the 1967 building complex.

Intuit

Intuit Inc.Intuit, Inc.Intuit Inc
In 2007, Intuit lobbied to make sure taxpayers cannot electronically file their tax returns directly to the IRS by negotiating a deal preventing the IRS from setting up its own web portal for e-filing. In 2009, the Los Angeles Times reported that Intuit spent nearly $2 million in political contributions to eliminate free online state tax filing for low income residents in California. According to the New York Times, from2009-2014, Intuit spent nearly $13 million lobbying, as reported by Open Secrets, as much as Apple.

Commissioner of Internal Revenue

CommissionerIRS CommissionerCommissioner of the Internal Revenue Service
The Commissioner of Internal Revenue (or IRS Commissioner) is the head of the Internal Revenue Service (IRS), an agency within the United States Department of the Treasury. The office of Commissioner was created by Congress by the Revenue Act of 1862. Section 7803 of the Internal Revenue Code provides for the appointment of a Commissioner of Internal Revenue to administer and supervise the execution and application of the internal revenue laws. The Commissioner is appointed by the President, with the consent of the Senate, for a five-year term. The current commissioner is Charles P. Rettig.

Tax

taxationtaxeslevy
In the United States, the IRS has about 1,177 forms and instructions, 28.4111 megabytes of Internal Revenue Code which contained 3.8 million words as of 1 February 2010, numerous tax regulations in the Code of Federal Regulations, and suppmentary material in the Internal Revenue Bulletin. Today, governments in more advanced economies (i.e. Europe and North America) tend to rely more on direct taxes, while developing economies (i.e. India and several African countries) rely more on indirect taxes. In economic terms, taxation transfers wealth from households or businesses to the government of a nation.

United States Department of the Treasury

Treasury DepartmentDepartment of the TreasuryTreasury
Annual Reports of the Secretary of the Treasury on the State of Finances – These annual reports also contain the reports of the many departments of the Treasury, including the Bureau of the Mint, Bureau of Engraving and Printing, Bureau of Customs, Office of the Comptroller of the Currency, Secret Service, and the Internal Revenue Service.

Blucora

Go2netInfoSpace
Founded in 1998 and made by 2nd Story Software, in the 2005 tax season, TaxACT became the first to offer free federal tax software and free e-file to all U.S. taxpayers. The company was founded as Infospace in March 1996 by Naveen Jain after he left Microsoft. He served as CEO until 2000. The company, which started with six employees. InfoSpace provided content and services, such as phone directories, maps, games and information on the stock market, to websites and mobile device manufacturers. The company grew at low cost without funding using co-branding strategies.

Internal Revenue Code

U.S. tax codetax codeU.S. Internal Revenue Code
On August 16, 1954, in connection with a general overhaul of the Internal Revenue Service, the IRC was greatly reorganized by the 83rd United States Congress and expanded (by Chapter 736, ). Ward M. Hussey was the principal drafter of the Internal Revenue Code of 1954. The code was published in volume 68A of the United States Statutes at Large. To prevent confusion with the 1939 Code, the new version was thereafter referred to as the "Internal Revenue Code of 1954" and the prior version as the "Internal Revenue Code of 1939". The lettering and numbering of subtitles, sections, etc., was completely changed.

Bureau of Alcohol, Tobacco, Firearms and Explosives

ATFBATFBureau of Alcohol, Tobacco and Firearms
In the early 1950s, the Bureau of Internal Revenue was renamed "Internal Revenue Service" (IRS), and the ATU was given the additional responsibility of enforcing federal tobacco tax laws. At this time, the name of the ATU was changed to the Alcohol and Tobacco Tax Division (ATTD). In 1968, with the passage of the Gun Control Act, the agency changed its name again, this time to the Alcohol, Tobacco, and Firearms Division of the IRS and first began to be referred to by the initials "ATF". In Title XI of the Organized Crime Control Act of 1970, Congress enacted the Explosives Control Act, 18 U.S.C.A.