How to E-File Tax Returns
Overview
E-filing your tax returns simply means sending it to the IRS electronically instead of through the mail. The advantages of going the e-file route are twofold. You save money on stamps and you could get your refund back much earlier than if you file by mail. Just be sure to follow the proper procedure to make sure your information doesn't get lost in the Internet abyss. It shouldn't take more than 15 to 20 minutes of your time.
Step 1
Get your tax information together. You'll need your Social Security number, W-2 or 1099 forms for each source of taxable income, receipts for charitable contributions and statements for any accounts with deductible interest. Also grab your tax return for the previous year and a canceled check if you want to get your refund by direct deposit.
Step 2
Purchase personal accounting software at the office supply store or over the Internet. TaxCut and TurboTax are the most popular programs, and they're updated each year with the newest tax laws and deductions. Simply launch the software and type in the appropriate information when prompted. The program will tell you exactly what to do.
Step 3
Read the instructions carefully once you've completed your return on your computer. The program will ask you whether you want to e-file or file by mail. Once you choose the e-file option, you'll be given another set of options: either "sign" your return using a personal identification number of your choosing or skip that step and then send in a signed copy of Form 8453-OL, which you can download from irs.gov. If you need to send attachments with your return, you can mail them in that same envelope.
Step 4
Wait for your receipt. You should get an email shortly that confirms that your return was e-filed properly. If there are any problems with your return, such as missing forms, the IRS will contact you.
skill
2
ingredient
Tax preparation software
Appropriate tax forms
tip
If you don't want to do your taxes yourself, find a tax preparer that is authorized to e-file and have him or her prepare your return. You can search for one in your area at irs.gov.
You can e-file your taxes for free if your income qualifies you for the free-file program. The rules for the program vary each year, so check irs.gov each January. If you don't qualify, most programs charge between $10 and $30 per return.
If you owe on your taxes, you can pay the IRS by credit card during the e-filing process, or you can pay at a later date.
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