Taxpayers May Benefit From New Federal Tax Laws 2012?

Answer 1

Each year, the Internal Revenue Code is amended. Depending on the nature of the amendments, some taxpayers will be entitled to a larger return and others may be required to pay more taxes.

2012 Tax Preparation Software Reflects New Laws

Taxpayers who use tax preparation software to prepare and file their own taxes have the added reassurance of knowing that their return will reflect all of the 2012 federal tax laws. Before starting a tax return, tax filers should make certain that the software they use is fully updated and includes any recent changes to the 2012 tax code.

Find Federal Tax Laws 2012 Online

Each year, tax filers can expect to see changes to the Internal Revenue Code. Filers who are interested in learning more about these changes or reading the tax code can visit the Internal Revenue Service's website for further information. Tax filers can find all the various federal tax laws 2012 posted online. Tax filers can also find information on all the various 2012 federal tax laws by checking all the free booklets provided by the Internal Revenue Service.

Tax Filing Deadline Date for 2012 Has Changed

Since April 15, 2012 falls on a Sunday this year, the IRS is giving tax filers until Tuesday, April 17, 2012 to file their taxes. Taxes must be postmarked by midnight on April 17, 2012. Individuals who cannot file their taxes by April 17, 2012 should talk to their accountant or tax professional about requesting additional time to file their taxes. Tax filers who need additional time to file their taxes must complete and submit the appropriate form to request an extension by April 17, 2012. Tax payers who request an extension will have until October 15, 2012 to file their taxes.

Tax Filers May Qualify For Additional Tax Benefits

In addition to using all of the tips and information provided by tax preparation software, tax filers can also check the IRS's website for information on any additional benefits they can take advantage of.

Tax filers who prepare their own taxes or are interested in learning more about 2012 federal tax laws should visit the IRS's website or use an updated version of federal tax law software when preparing their taxes.