File Tax Return
Efile Faster Tax Refunds
File Tax Return Efile Faster Refunds. For those who not aware, there are only two ways to file your tax return. You can use the typical way of doing it by printing all the papers and sending it
. Those who had experienced filing their tax returns using e-file say more convenient, safer and faster. They say that filing on paper is cheaper but the processing of these papers will need more time. What are really the advantages of using e-file?
Efile Faster Tax Refunds
There are many benefits that you can get when you e-file a tax return . As mentioned in the introduction, e-file is more secure than paper filing. It is also convenient on the one filing it and is faster in terms of the number of days. However, not everyone can do the e-file process. You have to have your taxes done by a separate entity and that is a tax preparer. You can opt to do it yourself through tax software or take advantage of the
Receiving confirmation from IRS
On top of that you can get a confirmation from IRS that they have already received the tax return that you have filed. This is a tangible proof that IRS has received it and is now being processed. Of course, you will also get a notification when IRS is not accepting your tax return. You will receive a rejection notice coming from IRS which is usually sent 24 hours after you have submitted your tax return application. The rejection notice will also contain details why your file has been rejected so you can make necessary changes. After you have applied the necessary changes, you can file it again to IRS.
E-file is accurate and quicker
E-files are usually processed quicker. E-filing is already a validated tax return so the people from the IRS need to type it again. When you file it in paper, the IRS team has to encode it in the system yet which is prone to mistakes. E-file therefore is more accurate and reliable.
Limitations of tax return e-file
Not everyone is allowed to file electronically. You will be required to submit using the paper process for any of the following:
a. E-file will open only after January 15 and closes on October 15. If you are outside these dates.
b . If you have attachments to your filing that can be done electronically.
c. If you claim a dependent that has already been claimed by someone in the system.
d. If you reside in a community property and are married and need to submit a separate file.
What about paper filing?
Of course, paper filing is not totally bad. If you have a complicated tax return, you might as well do it on paper so you can save. If you are not eligible also, it would be a waste of time to use e-file only to be rejected in the end. E-file therefore is suited for those that have a more complicated tax return to file. Of course, you have to follow some guidelines in filing your tax return in paper. You have to be extra careful in submitting also because your personal information can be stolen by someone. when you secure your files. Always submit it in designated mailing centers so it will be received by reliable personnel.
For your e-file needs, you can go to Corey Accounting. This company has been catering the e-filing needs of many clients since the 1990s and is a trusted name for years. To date, the company processes an average of 3,500 e-file requests per year. Please visit our web sight at http://1040w2.com for tax tips and videos
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