Tuesday, January 12, 2010

Do you file electronically?

Advantages of filing electronically.

Last year, 2 out of 3 tax returns were filed electronically. Approximately 95 million already file electronically.

1. It’s fast. Your tax return will get processed more quickly if you use e-file. E-file software reduces the chance of making errors when you prepare your return. These are typically identified before filing is completed.

2. If you choose to have your tax refund deposited directly into your bank account, you will have your money in as few as 10 days, from the time it gets accepted by the IRS.

3. When you file a tax return electronically, the IRS is fully committed to protecting your information on our tax processing systems.

4. If you owe money to the IRS, e-file also allows you to file your tax return early and delay payment up until the due date. I suggest few days before the due date to make sure.

For a modest fee, you can have your tax return filed by your favorite license tax preparer.

(Source: IRS)

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