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filing electronically
I believe that the IRS has specific dates called the IRS Tax Refund dates for your federal IRS tax refund money. On the other hand, if you file your taxes electronically, you can receive your tax refund in as little as 10 days after filing electronically, according to the IRS.
Even with electronic filing of your tax return, you will not receive your refund the next day. But you will get it faster if you file electronically.
Both people have to sign the return electronically. As per IRS document:http://www.irs.gov/uac/FAQ's-for-Preparing-and-e-Filing-Your-Own-Tax-ReturnBoth people have to get a PIN and sign, except if the spouse is unable to signbecause currently serving in a combat zone (full details are in the providedIRS FAQ).
Form W-2 is Wage and Tax Statement. If you're filing a paper state return, then you attach Copy 2-To Be Filed with Employee's State, City, or Local Income Tax Return. If you're filing electronically, then you keep Copy 2 with your other tax records for the year.
filing electronically
Turbotax is a great resource for people wanting to electronically file. They have an easy to use interface that walks you through the tax filing process step by step.
I believe that the IRS has specific dates called the IRS Tax Refund dates for your federal IRS tax refund money. On the other hand, if you file your taxes electronically, you can receive your tax refund in as little as 10 days after filing electronically, according to the IRS.
Even with electronic filing of your tax return, you will not receive your refund the next day. But you will get it faster if you file electronically.
It is safe to file tax returns electronically as long as you are using a secure website and a secure location at home. Make sure your Home internet is secure and theres a little padlock on the bottom of the webpage.
Both people have to sign the return electronically. As per IRS document:http://www.irs.gov/uac/FAQ's-for-Preparing-and-e-Filing-Your-Own-Tax-ReturnBoth people have to get a PIN and sign, except if the spouse is unable to signbecause currently serving in a combat zone (full details are in the providedIRS FAQ).
Filing your taxes electronically is a definite time saver, as well as a money saver. Most programs come with either a downloadable application or a program you can install via traditional disk.
At the appropriate IRS center for the form you are filing, for the location it is coming from. All available on the instructions for the form you are filing.
Long gone are the days of manually completing tax returns. Tax software has made filing income tax returns easier than ever. Tax software provides a step-by-step process that guides users through filing their taxes. Many software packages check for errors and perform audits once your tax returns are complete. Tax software also allows you to electronically send your tax returns to the IRS through a process called e-filing. E-filing your tax return is the quickest way for the IRS to receive your information and process your refund, if eligible.
Form W-2 is Wage and Tax Statement. If you're filing a paper state return, then you attach Copy 2-To Be Filed with Employee's State, City, or Local Income Tax Return. If you're filing electronically, then you keep Copy 2 with your other tax records for the year.
If your return is electronically filed, it shouldn't take that long as long as your information was correct and they didn't get any rejections. It normally takes 8-15 days to get your refund when electronically filing.
Instead of spending hundreds of dollars paying a tax professional to prepare your income tax return, cheap or free online tax preparation software means you can do the work yourself and file electronically.