Latest Articles

TaxACT’s Top 10 Tax E-Filing Tips and Links for Procrastinators

By Guest Blogger

With only a couple of weeks remaining until Tax Day, we thought we’d share some last minute tips to assist the remaining 25% or so of taxpayers who file their taxes during this period. Here are 10 tax filing tips and the most popular helpful links for our procrastinating blog readers out there.

1. Get organized before sitting down to prepare your tax returns. Collect all your tax documents and information, including W-2s, 1098s, 1099s, receipts and a copy of last year’s return. Worried about forgetting something? Use TaxACT’s checklist at www.taxact.com/checklist or the list on our free mobile companion app, TaxACT Central. You can download the app at http://www.taxact.com/mobile/taxact-central/.

2. Forgot your TaxACT Online user name or password? Go to: http://www.taxact.com/tsupport/FAQDisplay.asp?Question=325/.

3. To get free help in TaxACT, sign in to TaxACT (or open your desktop application) and click on the Help tab for specific information about that interview question. You can also search TaxACT’s Answer Center or e-mail us from there.

4. Check for these common errors before you file: incorrect SSNs, misspelled names, filing status errors, and incorrect bank account numbers for direct deposit or payments.

5. Find out ways you can review your return on TaxACT at: http://www.taxact.com/tsupport/FAQDisplay.asp?Question=522/.

6. E-file for peace of mind and the fastest refund. E-filed returns are processed faster than paper returns, and e-filers receive confirmation when their returns are processed, usually within minutes. If you owe taxes, you can e-file at any time and schedule payment via electronic funds withdrawal or credit card up until the filing deadline. For the fastest refund possible, e-file and choose direct deposit. Most states encourage e-filed returns. You can check the status of your e-filed return 24/7 at efstatus.taxact.com, m.taxact.com and in TaxACT Central.

7. Step-by steps instructions on how to e-file in TaxACT: http://www.taxact.com/tsupport/video/video-tax-topics.asp?t=13.

8. Want to confirm whether or not your return has been filed using TaxACT? Visit: http://www.taxact.com/tsupport/FAQDisplay.asp?Question=551.

9. How to print your return: http://www.taxact.com/tsupport/FAQDisplay.asp?Question=635.

10. Since April 15 lands on a Sunday this year, the IRS is giving taxpayers two extra days to file their taxes. Try not to miss the April 17, 2012 filing deadline. If you need more time, submit IRS Form 4868 for an automatic 6-month extension to file. Remember – an extension to file is not an extension to pay. Pay any taxes due by the 17th to avoid late payment penalties and interest. Filing late will result in a 5% per month penalty, up to a maximum for 25% of the unpaid balance, and the failure-to-pay penalty is 0.5%. Call the IRS to discuss payment plans and options if you can’t pay your bill in full. State extension rules and deadlines vary, but an extension to file gives you until October 15, 2012 to file your federal tax return. It’s free to prepare, print and e-file federal and state extensions on TaxACT.com.

Happy e-filing!

Jessi Dolmage
PR Manager
TaxACT

TaxACT’s Super Bowl Ad Rated a Top Favorite

By Stacy

If you were one of the 111.3 million viewers to watch Super Bowl XLVI last night, there’s a good chance you also watched some or all of the 57 Super Bowl ads that aired during the Big Game and picked your favorites among them.

We think TaxACT’s “Free to Pee” commercial was the best of the best. (View TaxACT’s 30-second spot below.) While we are obviously biased towards TaxACT, our tax preparation software business, we can’t be too far off, since a viewer panel of nearly 300 volunteers watched and rated the TaxACT spot as a top favorite for USA TODAY Facebook Ad Meter’s Super Bowl contest.

Last night’s results placed TaxACT’s commercial as the 11th most liked Super Bowl ad. It ranked 7.86 on a scale of 0 to 10, finishing just 0.08 points behind 10th place.

“The panel’s ratings show our ad elicited an immediate and strong emotional response, and that’s exactly what we wanted,” said Kris Peterson, TaxACT’s vice president of marketing. “Rather than focusing on the act of doing your taxes, we wanted to connect viewers with the emotion of being totally free — the same feeling you have when using TaxACT’s free product.”

The USA Today and Facebook Ad Meter contest continues until 6 p.m. February 7. Winners will be announced Tuesday at 10 p.m. ET on usatoday.com and in the Wednesday print edition of USA TODAY. Vote for the TaxACT commercial and view an expanded web version of the ad at free.taxact.com.

A Super Week to Feel the Free

By Stacy

It has been a momentous week for InfoSpace: We officially completed the acquisition of TaxACT, one of the leading online tax preparation providers; our company stock reached yet another 52-week high, and, in just a matter of days, our new sister company will air its new commercial during the high-profile, most pre-buzzed, broadcast event of every year – the Super Bowl!

We all know that the Super Bowl is more than football. Some viewers tune in just for the ads. Our new colleagues at TaxACT are well aware of this, and have been promoting the Big Ad for the Big Game for weeks with a “Feel the Free Fridays Sweepstakes.” You can learn more about it and, as of now, you still have a chance to enter the last drawing to win a Big Screen TV on the TaxACT Facebook page at https://www.facebook.com/TaxACT.

Having already received attention from national dailies and respected advertising publications, TaxACT’s commercial is one of this year’s highly anticipated debut Super Bowl ads. View a sneak peek of the ad:

Once the entire commercial airs live during first quarter on Super Bowl Sunday, the full commercial will be featured on the TaxACT site. We can’t wait to see it in its entirety!

If you see it and like it, too, please vote for it using direct links on http://free.taxact.com to one or more of the Super Bowl contests that rank the best commercials, including USA Today and Facebook’s “Ad Meter,” Twitter’s “Ad Scrimmage” and YouTube’s “Ad Blitz.” Thanks!

InfoSpace Acquires TaxAct to propel its growth into the online software sector

By Stacy

Today, I’m excited to announce that InfoSpace has entered into a definitive agreement to acquire 2nd Story Software, the makers of TaxAct, one of the leading providers of online tax solutions. TaxACT’s easy to use, affordable tax preparation software and Web-based services are available for consumers, business owners and tax professionals. More than five million online tax filers used TaxAct last season alone, and it is uniquely positioned in a strong and growing tax preparation market to continue its growth. That market is in the early stages of a digital transition, and as an Internet company, InfoSpace is ideally suited to take TaxACT to the next level. I am confident that by bringing together our shared vision and complementary strengths, we will be able to accelerate the growth and bolster the development of a global platform in the online software sector.

This transformational transaction is a true milestone for our company. I couldn’t be more enthusiastic about the opportunities this acquisition will create. We’re very impressed with the TaxACT team and the business they’ve worked hard to build. We expect to finalize the transaction this quarter and following its completion, TaxACT will become a wholly-owned subsidiary of InfoSpace. It will continue its operations in Cedar Rapids, Iowa as a standalone business unit, led by the current TaxACT management team. We’re looking forward to collaborating with TaxAct’s 70-member team. You can learn more about TaxACT, or get started and easily file your taxes from start to refund, on their website at www.TaxAct.com. For more information about InfoSpace, visit visit www.infospace.com, or connect with us on Twitter, Facebook, Google Plus, or LinkedIn.

Bill Ruckelshaus
President and CEO, InfoSpace