E-FILE – A smart way to do your taxes
Reviewed and adapted with special permission from the IRS by: Suzi McGarvey, Extension Associate, HES Extension, University of Missouri Extension
Every year, more taxpayers discover the benefits of filing their tax return electronically. Whether you use a professional tax preparer authorized by the IRS or do it yourself on a home computer, there are many reasons to consider e-filing your tax return this year.
- Fast. No more last minute trips to the Post Office - just hit Send!
- Accurate. The electronic filing program checks for errors and necessary information, increasing the accuracy of your return and reducing the need for correspondence with the IRS to clarify errors or omissions.
- Easy. The computer software leads you step-by-step. You can usually file a state tax return at the same time you electronically file your federal return.
- Quicker Refunds. Generally, when you file electronically, your refund will be issued in about half the time it would take if you filed a paper return. Those who choose direct deposit will get their refund in even less time.
- Peace of mind. Once the return is accepted for processing, the IRS electronically acknowledges receipt of the return.
- Payment options. With electronic filing, you can file your return early but wait to pay any balance due by the April deadline. You can also pay electronically, using a credit card, electronic funds withdrawal or, in some cases, the Electronic Federal Tax Payment System.
The IRS offers eligible taxpayers the opportunity to electronically prepare and file their tax returns for free through the Free File Alliance, a partnership between the IRS and private-sector software companies.
For more information on e-filing or the Free File Web page, check the
IRS Web site at www.IRS.gov.
You will also find a withholding calculator and
worksheet, along with Form W-4, and Employee’s
Withholding Allowance Certificate. You may also get
Form W-4 from your employer or by calling the IRS at
Source: IRS Tax Tip 2006-18
Last update: Tuesday, May 05, 2009