It Is Tax Time Again Are You Ready?
How to efile taxes online
Step 1 - Get all your tax information together! - Youwill
save time and won't have to stop in the middle of preparing your current year
tax return to find a missing document.
Here is what you will need :
- Social Security numbers for yourself, your spouse, and any dependents.
- Forms W-2 from all employers are required for yourself and your spouse.
- Forms 1099 for Dividends, Retirement, or other income, or any Forms
1099 with Income Tax Withholding.
- Receipts for expenses for Itemized Deductions (Schedule A).
- Receipts and records for other income or expenses.
- Bank Account numbers (for a fast refund, or to pay electronically).
- Prior year Adjusted Gross Income amount or prior year PIN if using a
Self-Select PIN as your signature.
- Complete information on what records you need, and how long to keep your
records.
Step 2 - Choose the method of e-filing that works for
you:
- Tax Professional
- efile your taxes yourself on your Personal Computer
Paid Preparer - If using a Tax Preparer, be sure to take all your information with you, and don't forget to ask for IRS e-file!
Personal Computer - For those of you choosing to efile your taxes online, just answer the simple questions in our tax preparation software here at File Your Taxes Now, and the software will do the rest for you. For faster refunds, or to pay when YOU want to, have your bank account number handy.
Relax. Youre done. Now SHARE - tell a family member or friend IRS e-file is the smart way to electronically file their federal and state income tax returns!
The Benefits of Using e-File
by FileYourTaxesNow.com
Does this scenario sound familiar?
The benefits of using efile to file your taxes.
Efile is the fastest way to file your taxes and efiling cuts the tax return processing time in about half. So, if you are expecting a tax refund then you can expect your tax refund in about half of the time it would normally take if you filed your taxes by mailing in your tax return. If you are expecting a tax refund you can have your tax refund deposited directly into your bank account by using Direct Deposit. Our tax service also lets you split your tax refund into two different accounts if you choose direct deposit.
If you efile your taxes the additional benefits are many. You will receive proof from the IRS, usually within 48 hours that your tax return was filed successfully, the security of knowing your tax return was accepted, the tax filing process itself is faster and also efile itself is very accurate.
Even if you owe taxes this year, there are still advantages to efiling your tax return and it does not matter when you efile your tax return. You can efile now and pay later, as long as you pay what you owe by April 15th and by efiling you will have the proof, usually within 48 hours, that your tax return was accepted by the IRS.
Now you can now have your taxes deducted right from your bank account (checking or savings) on any date you choose and the IRS will deduct the amount you owe on that date, as long as the date is on or before April 15th. You can even make a partial payment at the time you efile as long as you pay off the remainder before April 15th.
Not every state accepts the efiling of state tax returns yet.
The following states support the efile of your state tax returns:
Alabama - Arizona - Arkansas - California
Colorado - Connecticut - Delaware - District of Columbia
Florida - Georgia - Hawaii - Idaho
Illinois - Indiana - Iowa - Kansas
Kentucky - Louisiana - Maine - Maryland
Massachusetts - Michigan - Minnesota - Mississippi
Missouri - Montana - Nebraska - New Hampshire
New Jersey - New Mexico - New York - North Carolina
North Dakota - Ohio - Oklahoma - Oregon
Pennsylvania - Rhode Island - South Carolina - Tennessee
Utah - Vermont - Virginia - West Virginia - Wisconsin
There is NO fee for efiling. The IRS does not charge a fee for efile and neither does FileYourTaxesNow.com. Efile is a free service with any paid tax return. If you are using a tax preparation website or tax preparation software that charges you an extra fee for efiling, then they are ripping you off!
For more information about efile you can visit the IRS website at www.irs.ustreas.gov, look in your tax booklet or visit FileYourTaxesNow.com/efile-faqs/.
About the Author
FileYourTaxesNow.com is a fully featured online tax preparation service. You can efile your taxes directly to the IRS using our secure servers starting on January 11, 2008. For additional information about efile visit www.FileYourTaxesNow.com/efile-faqs/.
2008 Tax Preparation Poll
Available State Dates for eFile
The dates states will except efiled tax eturns
Note: If your state has not begun processing, you can file your federal return now and come back to finish your state at a later time (*Except AR, HI and OK).
State Availability
Alabama Available Now
Alaska No State Tax
Arizona Available Now
Arkansas 01/19/2008 *
California Available Now
Colorado Available Now
Connecticut Available Now
Delaware Available Now
District of Columbia Available Now
Florida No State Tax
Georgia 01/26/2008
Hawaii 01/19/2008 *
Idaho Available Now
Illinois 01/19/2008
Indiana Available Now
Iowa Available Now
Kansas Available Now
Kentucky Available Now
Louisiana 01/26/2008
Maine Available Now
Maryland Available Now
Massachusetts 01/26/2008
Michigan 01/19/2008
Minnesota Available Now
Mississippi 01/19/2008
Missouri Available Now
Montana 01/26/2008
Nebraska 01/19/2008
Nevada No State Tax
New Hampshire Available Now
New Jersey 01/26/2008
New Mexico 01/19/2008
New York Available Now
North Carolina 01/19/2008
North Dakota Available Now
Ohio 01/19/2008
Oklahoma 01/19/2008 *
Oregon 01/19/2008
Pennsylvania 01/19/2008
Rhode Island 01/26/2008
South Carolina Available Now
South Dakota No State Tax
Tennessee Available Now
Texas No State Tax
Utah 01/19/2008
Vermont Available Now
Virginia 01/19/2008
Washington No State Tax
West Virginia 01/26/2008
Wisconsin 01/19/2008
Wyoming No State Tax
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