Friday, October 22, 2010

How to E-file Your Income Tax Return

68.5 million Americans e-filed their income tax returns in 2005. If you weren’t one of them, 2006 is your year to cut out the tax middle man and go paperless with e-file!  Using an e-file service for

 your income tax return is fast, easy, and free.

Allow us to introduce the beauty of the Free File Alliance.The Free File Alliance was formed in 2002 when the IRS partnered with a group of tax software companies to help promote their e-file program. Companies like the ones listed below signed on with the IRS to give themselves free public exposure, which means you get free tax preparation and a faster refund without having to leave the comfort of your home. 

There are now more than 17 authorized IRS e-file providers for you to choose from. Follow these simple steps to e-file your income tax online and get your refund direct deposited in a week or two. 

What You’ll Need to e-File Your Income Tax Return

-  W2 form

-  Social Security numbers for yourself, your spouse, and any dependents

-  1099 forms for Dividends, Retirement, or other income, or any 1099 forms with Income Tax Withholding.

-  your bank account (checking or savings) #

-  your bank’s routing #  (which can be found at the bottom of a check or by simply calling the branch you deal with)

-  Receipts for expenses for Itemized Deductions (Schedule A).

-  Receipts and records for other income or expenses. 

Choosing the Best e-File Website

Now that you have all your documents, choose the site you like best. Each site is designed to be intuitive and user-friendly. Some even have a list of FAQs and pop-up definitions for tax terms. IRS links directly to the following pages for free and secure e-file returns:  

http://www.esmarttax.com 

http://free.number1tax.com/

http://www.lamsontech.com/1040now/freefile.htm

Published by Megan Power Megan Power has an MA in Creative Writing from the University of Wales. Her work has been published in the San Antonio Express-News, Scene in S.A. and NSIDE magazine. She recently edited an anthology of...  View profile

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