How you choose to prepare your taxes it depends on you. You can either get a professional CPA or you can prepare taxes online by yourself using free tax software available. You can visit the IRS website irs.gov to get ideas about how to do tax return preparation and how to file return electronically. Whatever it may be, it is quite crucial to pay taxes well before the deadline.
- Using Free File Program:
The IRS provides "Free File" program that can make you federal tax preparation and e-filing task easier. If your Adjusted Gross Income does not exceed $57,000, you are eligible for this free file program which is available in both Spanish and English.
If you do not meet the criteria for using Free File tax program, you can prefer online income tax preparation and e-filing companies. Look for the best IRS approved tax preparation services so that you can easily and quickly prepare tax return online.
- Preparing Tax Return Online Using Software
It is easy and fast to do taxes online with the help of free tax software. Follow the step by step procedure while performing your task using software. Give the right information and fill up accurate information into the forms. If you have some necessary information and documents at your hand, then you will be able to complete your task within an hour.
Using tax software, it becomes easy for you to choose tax credits and deductions. Besides this, the inbuilt error-check feature will help me avoid errors and mistakes. You can review your return before sending your tax return to the IRS. Due to such facilities and convenience, online tax preparation and e-filing has become more convenient than paper filing.
- Sending e-file to the IRS
You should send your income tax return file electronically. With your e-file submission, you will receive confirmation mail form the IRS within 48 hours telling you that they received your file. You won’t have such confirmation with paper filing option.
You have more chances of getting your file processed faster with e-filing option because the IRS service center does not have to waste their time after re-typing your file. You can prefer direct deposit option and speed up your refund. You can get it into your bank account faster within as few as 10 days.
The best thing is to prepare your taxes properly, e-file your return before the deadline with a view to get your return processed faster and the chance of getting fast refund increases.
