Money To Live

July 26, 2008

Review: www.irs.gov

Filed under: review,taxes — by moneytolive @ 5:00 am
Tags:

Perhaps one of the most anxiety-inducing websites is www.irs.gov. But it doesn’t have to be.

These are some of my favorite features of http://www.irs.gov.

The search tool. Use the search feature to find easy-to-read information about anything related to federal taxes. When I search “deduct taxi,” the top hit is a page explaining that the cost of taking a taxi to the doctor is deductible (helpful for parents in NYC who do not want to take a sick baby on the subway).

Links to free tax prep software. A number of web sites help you prepare and file your federal tax return at no cost. Be aware that these sites will often charge you to file your state return, though. Check out your state’s taxation webpage because many states offer free web-based programs for filing.

Information about EFTPS. EFTPS is an electronic system for paying taxes. I recommend that anyone who pays quarterly taxes check this out. It keeps a complete record of the tax payments for the year.

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