Tax refund checks are more than welcome; the sooner you get them, the better. Sometimes taxpayers can delay the process of collecting without knowing it. That is why it is so essential to follow these three pieces of advice from the Internal Revenue Service. It is also commonly known as IRS and they try to improve and make it easier for taxpayers to file their tax returns. Paying taxes is not something people love doing, so the easier it is for them the more people will do it.
Sooner than expected the tax season will be over and most American may have already thought about what to do with their tax refund. Bear in mind that you should file before April 18. Unless you live in one of the states where filing later is possible in some places, that is the deadline. This later filing is because of the natural disasters that took place in Georgia, California, and Alabama. So, those affected by floods or any other disasters can file it later on. Applying for an extension is also a possibility. Then, you could file until October 16, but you must pay taxes due until April 18. This will delay getting your tax refund if any.
Which advice gives the IRS to collect your tax refund quickly?
Although this might seem something you are not likely not do, it happens to taxpayers more often than not. The IRS warns citizens that they provide accurate information. Besides, you had better check for mistakes and errors to avoid any delays. Planning and organizing everything beforehand is key. Once you have gathered all the information and documents, make sure you double-check everything. It is advisable that you do it when you have got plenty of time and no distractions. It is in these cases that people send inaccurate information. The IRS will have to make sure that is right and that causes delays in getting tax refunds.
Take for example your Social Security number or your Individual Taxpayer Identification Number if you do not have SSN. Others forget to sign their tax return, therefore, the IRS cannot process that tax refund. Reporting your income correctly is another common mistake. This mistake would immediately make the IRS tax agents check it and you will have to wait longer to get your tax refund.
The second piece of advice from the IRS is to file your tax return electronically
According to the IRS, those who file their tax return electronically can collect their tax refunds in just 21 days. On many occasions, many people receive it even before that three-week period. That is why it is high time you filed electronically and forget about paper returns. Bear in mind that filing electronically is a safe way to do it. Millions of Americans use it every year and they have no problem at all.
The third tip from the IRS is to choose direct deposit when filing your tax return. Receiving your tax refund by mail is not safe and it can cause delays. Remember that the longer you have the money, the more time you can invest to save for retirement. There is no point in waiting to collect your money. Those who file their returns accurately, file electronically, and ask for a direct deposit are the ones that receive their tax refund checks first.