Everything today is moving online, and the way you file your taxes is no exception. More and more returns are being filed electronically today. As a Reno CPA I have to let you know that if you file electronically, it is going to save you time and is going to be a lot faster in many different ways. When it comes to tax preparation, you need to know your options.
Usually if you were to send in your paper tax return, it would take three to four months for you to get any acknowledgement from the IRS. With electronic filing, you usually get acknowledgment within 48 hours. This is great, because you don’t have to spend months worrying about whether your return was filled out correctly.
Along with electronic filing comes an option for direct deposit. This is the really cool part about how technology has played into taxes. You go through the work of filling out your return and then you have to play the waiting game. Well not any more, yes you will still have to wait, but with direct deposit, your money will be deposit sooner and there is less chance of your check getting lost in the mail. Some people worry about the safety of providing the IRS with your bank account information, but as a Reno CPA I want to let you know it is just as safe as your check going through the mail.
You also have to consider the time you will save by not having to go to the post office to send in your return. The trip to the post office alone can take a lot of time out of your life.
Lastly, an interesting fact is that the IRS is pushing for electronic filing. Next year a CPA who files 100 tax returns will be required to file most of the returns electronically. If you are still wary about technology and electronically filing, I understand. You need to contact Reno’s Best CPA for more information and to get help with your tax return.
Until Next Time,
Tim Nelson
Reno’s Best CPA