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Sunday, January 26, 2014
Tuesday, January 21, 2014
Most Common Tax Forms for Filing Military Taxes
108 Solutions is here to guide you to quick and easy tax filing. We have been researching the most important information for this up and coming tax season for our customers and viewers. Take a look at what we found below!
In conjunction to what we posted previously, TurboTax has offered a list of most common tax forms for Military members to use as reference when filing their taxes to assure they get it done right.
Take a look at the list of forms included with the military, here.
Take a look at the list of forms included with the military, here.
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Monday, January 20, 2014
Tax Prep for Enlisted Military - 2014 Edition
108 Solutions is here to help you jump-start filing your taxes. Filing your taxes takes time and preparation, so that is why 108 Solutions has provided you with solutions to quick and easy filing. We have updated our four (4) step process to filing your taxes from 2013 to help you with easy filing this 2014 season.
Four (4) Simple Steps to Quick and Easy Filing:
1. File sooner than later
The first thing you want to consider is filing your taxes as soon as possible. There are two benefits for filing early: 1) getting it out of the way and 2) receiving your refund quicker. This also helps to eliminate the chance of missing the deadline and owing the IRS for filing late.
2. Have Paperwork Available
If you choose to find a Tax Accountant, have paperwork ready to make the process more efficient. Listed below is the most common paperwork you will need to file your taxes:
- Identification (Drivers License, Passport, etc.)
- SSC (Social Security Card)
- Tax Identification Numbers: (not all of the following will be needed)
- SSN (Social Security Number)
- Employer Identification Number (EIN)
- Individual Taxpayer Identification Number (ITIN)
- Taxpayer Identification Number for Pending U.S. Adoptions (ATIN)
- Preparer Taxpayer Identification Number (PTIN)
- Last years tax return
- All relevant tax paperwork affecting your filing:
- w2’s, 1099s, interest statements, moving expenses, etc.
3. TurboTax Military Edition
108 Solutions has discovered that TurboTax offers free online tax prep for our U.S Armed Forces. TurboTax Military Edition is personalized for the needs of military filers and was created by active, reserve, and retired military personnel as well as military spouses to address the challenges that come with being a military tax filer. E-1's through E-5's get free federal and state taxes while E-6 to E-10 & Officers, get federal for $24.99 and state for $36.99 (optional). Use TurboTax to simplify this tax filing period!
- Get guidance for military income, including combat pay, BAS and BAH
- Get every dollar you deserve
- Get an extra 10% on top of your refund
4. Know YOUR Military Deadline
Most military personnel and their families must file their taxes by the traditional April 15 deadline. However, qualifying members of the military can get an automatic extension for filing tax returns, paying taxes, filing claims for refund, and taking other actions with the IRS. Qualifying military members include: personnel working in combat zone services as well as overseas deployment. All members serving out of the U.S. are granted an automatic two-month extension of time to file their tax return. Read more about military tax deadlines, here.
Sources:
TurboTax Military Edition
https://turbotax.intuit.com/personal-taxes/online/military-edition.jsp
Military Armed Forces Tax Deductions
http://www.efile.com/tax-deduction/employee-expense-deduction/military-armed-forces-tax-help/
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Wednesday, January 1, 2014
Army Officially Names Jeff Monken New Head Coach
108 Solutions Military Life is here to announce that Army has officially named Jeff Monken as its new head football coach, according to NBC Sports' John Taylor.
Monken, who signed a six-year deal, per Pete Thamel of Sports Illustrated, will be introduced to fans and media at a press conference scheduled for 11 a.m. ET on Monday, Dec. 30.
A former Navy assistant in the mid-2000s, Monken spent the past four seasons as the head coach at Georgia Southern, going 38-16 in four seasons at the helm and leading the Eagles to three consecutive FCS national semifinal appearances from 2010 to 2012.
Monken expressed his excitement via a statement put out by the school, per Taylor:
Monken was hired as Georgia Southern's coach in 2009 after serving 20 years as an assistant -- 13 with his mentor, Johnson. Monken coached slotbacks at Georgia Southern from 1997 to 2001 before joining Johnson first at Navy and then Georgia Tech. As an assistant at Georgia Southern, Monken was part of two NCAA FCS national championship squads (1999 and 2000) and five straight playoff teams.
In November 2013, Monken’s Eagles went into Gainesville and embarrassed Florida in a 26-20 win. It was the first time in the 100-plus-year history of the program that Gators had lost to a team from the FCS level, and the Eagles accomplished that feat without attempting a single pass.
The 46-year-old Peoria, Ill., native replaces Rich Ellerson, who was fired on Dec. 15. Ellerson went 20-41 in five seasons at West Point, leading the Black Knights to just one winning season in 2010. Army finished 3-9 in 2013 before Ellerson was let go.
Although Army has had just one winning season since the start of 1997, expectations will surely be high for Monken, who was extremely successful in his first head coaching stint with the Eagles. The newly appointed head coach can quickly make a name for himself if he's able to lead Army to a win over arch-rival Navy next season.
The Black Knights have dropped 12 straight to the Midshipmen and currently trail in the all-time series; 58-49-7. Ellerson went 0-5 against Navy and lost by two or more touchdowns on three occasions, so fans will be eager to see Monken get things turned around.
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