It is tax time again and nobody really enjoys this time of year, except maybe the accountants. Nevertheless, taxes are a necessary evil and they must be filed each and every year. Fortunately, there are some income tax preparation services online that allow people to file themselves without the need of hiring an accountant. Filing taxes online is faster than snail mailing them and it means you can get your return faster as well. You may even be able to file a free tax return online if you qualify. The following information will help you file your taxes online all by yourself.
One of the best ways to e-file your taxes online is to do so directly with the IRS. It is really easy and all you have to do is follow the three steps and you will be done. The first step is to get all of your information and organize it right beside you Tax Preparation Services. That way when you are filing your taxes online you will have all the forms you might possibly need. The information you will need includes social security numbers for anyone you will include on your claim. You will also need all forms W2 you received for the year as well as any and all forms 1099. Your schedule A receipts for itemized deductions are also needed as well as other expenses or income receipts for the year.
You can receive a fast refund or pay your taxes electronically if you so desire, but you will need to include your bank account number in order to do so. If you use a self select PIN you will need that information or your prior year adjusted gross income. The next step is to choose one of three options to file your taxes. These include personal computer, tax professional and free file.
The final step is to efile your taxes! The option you chose in step 2 will affect how you file your taxes. If you chose a professional to file your taxes let them know you want to efile. If you will use a personal computer then you can choose the tax preparation software you desire, answer the questions, and have the taxes filed quickly. If you want a quick refund include your bank account number. Finally, you will need to choose the Free File website or the IRS efile Partners page. Once you are done you will be ready to pass the information n to your friends and family and let them benefit from this great service.