Are you one of the almost 100 million taxpayers who will receive a refund when you file your federal tax return? The IRS says that requesting direct deposit and filing your tax return electronically (e-filing) will put that money in your pocket faster and easier.
Every year, more taxpayers find out how safe and easy it is to have their tax refund deposited directly into their checking or savings account. This option is available for both e-filers and paper return filers.
When you file electronically, your refund will be issued within three weeks, about half the time it would take if you filed a paper return. If you also choose direct deposit, you might receive your refund in as few as 10 days.
Nationwide, in 2004, more than 61 million taxpayers electronically filed their tax return. People who e-file find it the fastest and easiest way to do their taxes.
The electronic filing program checks for errors or missing information, increasing the accuracy of your return and reducing the need for correspondence with the IRS to clarify errors or omissions. Once your return is accepted for processing, you will receive a confirmation from the IRS.
Finally, with electronic filing, you can file your return early but wait to pay any balance due by the tax deadline of April 15, 2004.
For information on e-filing, check the IRS Web site at
www.irs.gov.
E-file for Business and Self-Employed Taxpayers
A quick, easy, smart way to get your taxes
where you want them to be Done!
- 6.7 million business returns were e-filed in 2003!
- Quick: Just hit Send! Or tell your preparer I want the safety and speed of e-file.
- Easy: There is a 99 percent accuracy rate.
- Smart!: In 48 hours IRS sends an official acknowledgement that your return was received. Owe money? You can authorize an electronic withdrawal from your savings or checking account. If youre a Form 1040 filer, you can also pay by credit card.