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All About Taxes and E-file Protection

Individual taxpayer's can do taxes online directly from home using efile tax software. Online tax filing is one of the fastest and most affordable ways to file federal income tax.

Author: Sandi Lattin
Date: Dec 17, 2010 - 1:04:13 PM

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Individual taxpayer's can do taxes online directly from home using efile tax software. Online tax filing is one of the fastest and most affordable ways to file federal income tax.

To e-file your taxes here are 3 easy steps:

Step 1- Get all your tax information together!-You'll save time and won't have to stop in the middle of preparing your current year tax return to find a missing document. Here's what you'll need:

Social security numbers for yourself, your spouse, and any dependents.
Forms W-2 from all employers are required for yourself and your spouse.
Forms 1099 for Dividends, Retirement, or other income, or any Forms 1099 with Income Tax Withholding.
Receipts for expenses for Itemized Deductions (Schedule A).
Receipts and records for other income or expenses.
Bank account numbers (for a fast refund, or to pay electronically).
Prior year Adjusted Gross Income amount or prior year PIN if using a self-select PIN as your signature.
Complete information on what records you need, and how long to keep your records.

Step 2- Choose the method of e-filing that works for you:

Tax Professional
Personal Computer
Free File

Step 3- E-file it!

Paid Preparer – If using a Tax Preparer, be sure to take all you information with you.

Personal Computer – Those filing taxes online, just answer the simple questions in your tax preparation software, and the software will do the rest for you. For faster refunds, or to pay when YOU want to, have you bank account number handy.

Find an option that best fits your needs. It's easy........

Sandi Lattin
Monster Tax
Russellville, Arkansas
http://monstertax.com

View all articles by Sandi Lattin

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