In this technology driven age its wonder why people still prepare this tax returns by hand. Even the government, notorious for being behind the ball, has joined the pack and offers new and improved e-filing options. This edition of the Tax Guru will cover the benefits of E-Filing.
Faster refunds. Taxpayers who e-file and choose direct deposit can receive their refund in as few as 10 days.
Paperless. Going green is so chic. E-Filing allows you to go paperless and e-sign your return by creating your own Personal Identification Number (PIN). There is nothing to mail to the IRS.
Delay your payments. If you make arrangements before April 15, 2009, you can schedule electronic funds withdrawal to pay your tax fees. In addition, when filing you can pay by credit or debit card. If you enroll in the Electronic Federal Tax Payment System, you can also make all federal tax payments online or by phone.
Double Checking. Even having your returns prepared by a professional doesnt mean that mistakes cant happen. When you e-file, the software has additional checks during the transmission of your return. These checks reduce the chance a taxpayer will receive an error letter from the IRS.
Speedy electronic confirmation. E-filers are notified when their returns have been received.
You see your government does listen and the e-filing option is not only a great timer saver it also saves you money in preparing your returns. Tune into another edition of the Tax Guru for more money saving tips.
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