Sunday, March 9, 2014

Efiling

Most CPAs including me efile every possible tax return now because it creates less paper to mail, performs diagnostics tests like checking social security numbers, and avoids keypunch errors at the IRS. Taxpayers expecting refunds get them weeks earlier especially if they allow direct deposit into their bank accounts. The tax return can be efiled when the return is ready, but the payment doesn't have to be sent in until the due date.

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