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/
Follow 108 Solutions Military Loans and Financing!
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