An IRS.gov Tax Overview

An IRS.gov Tax Overview
Hello everyone, I'm Terry Bowden with Expert Village and today we are talking about how to file your taxes on-line. Now the couple of segments before we talked about preparation, getting everything together and availability of computer access. So now let's dive right in, we have a computer in front of us so let's take a look. We go to the address bar, you know where you type in whatever page you want to go to and we type in www.irs.gov and it's not .com or .net, this is the government so they have their own, so .gov and hit enter. This is their home page. Whether you have always gotten other companies to file your taxes you know and sometimes wanted to pay that money to get that money in faster because you needed that money, right? Well there is a lot of information on here that a lot of people don't understand or never thought of. I mean really it's all free to take a look and if you notice on the home page you have for individuals and that is what we are talking about today, individuals filing their taxes. You have businesses, a lot of information there whether you are self-employed or whether you are a large conglomerate. Of course if you are a large conglomerate, you are probably not going to be filing your taxes on-line, you are going to be paying a professional to be doing them so that probably wouldn't help us here. There are also charities, government entities, tax professionals and even if you work for some of the other companies, a lot of great information there for you. There are forms. There is a W4 form. We all know what that is. Got to have it if you work somewhere and a W9 if you are a contract labor and so forth. Over to the right there is a need to and there is a lot of good information finding forms. Call or contact the IRS, get a copy of your return from last year. This very important topic here, very very important. I can tell you from personal experience myself but I'm not going to go there but about not keeping your forms from prior years. Very very important. It is very good to keep your returns for at least 5 years, at least because if the Internal Revenue Service or your state tax people come back with an error or problem or what have you, it is good to have that information I talked about in the very first segment with you because that way you can pull all that out and show them and prove to them that you did file your taxes and that this is the information. So when we come back, we will dive right into doing the free filing.