Latest News

  • Economic Stimulus Payments Information Centers
    News releases, question and answers, scenarios, and more - including special information for Social Security recipients and veterans. Get the latest information on stimulus payments today!
  • Lien Relief for Homeowners Trying to Sell
    An expedited process now offers options for certain homeowners with federal tax liens.
  • More news »

Testimonials

This was the BEST and most convenient online experience I have ever had filing my federal taxes. THANK YOU so much for making it so QUICK & EASY. You even calculated where I had made a mistake so my refund is greater.     Roberta

Thank you so much for your added support. I am so excited to get my taxes done so simple and easily with Online Tax Pros!!! Thank you so much!     Jason

THANK YOU!!! for all your help with the preparation of my Federal taxes. You have been such a big help. Will definitely use Online Tax Pros to file my taxes for next year.    Suzette

I would like to personally thank you for your website. It only took me about 15 minutes to fill out the form and submit it to the IRS and 24 hours later, it has already been accepted. I will definitely recommend your site to family and friends.    Sharon

Your services were so easy to follow I didn't have any headaches.    Jacquelyn

Thanks for being the easist Tax Guide out there!    Daniel

I submitted a question and you guys got right back to me. You guys are great!    Thomas

Thanks. You guys are really good at answering emails. Best service I have ever received    Rhonda

You have been so helpful. I will recommend all my friends to you!    Jennifer

Thank you for your quick response. I do appreciate a company that gives excellent service. You have indeed shown this so far.    Alison

Thank you very much for all the help today, you guys are GREAT!!!    Stanley

Thanks for all your help! I will be recommending your site to many!    Nicole

Thanks a lot for your great correspondence, it is much appreciated.    Zach

Recent Changes That May Affect Your 2011 Taxes

  • Increases in Deductions/Exemptions
    The standard deduction will increase $100 ($200 for joint filers) from 2010 amounts with a $50 increase for the additional deduction for senior citizens and blind taxpayers. Exemptions increase $50 (to $3,700) from the 2010 amount of $3,650. The alternative minimum tax (AMT) exemption increases $1,000 ($2,000 for joint filers) from 2010 amounts.
  • Penalty Increase
    Funds withdrawn from health savings accounts that are not used for qualifying medical expenses are now subject to a 20% tax penalty (increased from 10% in 2010).
  • Schedule M is Gone
    The Making Work Pay Credit is no longer valid.
  • Schedule D Makeover
    Form 8949 will now be used to itemize any capital gain/loss transactions. The sum of these transactions will then be reported on Schedule D, Capital Gains and Losses.
  • More Detailed Reporting of Business, Farm, and Rental Income
    Hello Form 1099K
    Third party payments of income earned through a sole-proprietorship, farm, or rents must now be separated from all other income on schedules C, F, and/or E. If the income meets specific criteria (over $20,000 of over 200 total transactions per payer), these payments will be reported to taxpayers on Form 1099K by each third party payer. If form 1099K is not required, taxpayers must separate these types of transactions according to their records.
  • Over-the Counter Medication Expenses no Longer Eligible Expenses
    Unless you have a doctor’s prescription for over-the-counter medication, you can no longer claim these medications as an expense on the following types of accounts: •HRA (health reimbursement accounts) •HSA (health savings accounts) •Archer MSA (medical savings account)
  • Something New on Your W-2
    As part of the new health care law, employers will be reporting health care benefits for employees. This amount will appear on your form W-2 in 2012 for informational purposes only. It will not affect your personal income tax return.
  • Additional Foreign Account Reporting
    Holders of interest in certain foreign assets worth over $50,000 will be required to report additional information to the IRS about such accounts.