Once again, a new year has rolled in, and for just about everyone who has
had a job in the past year, that means it's time for EEK...TAXES!
Organizing
all those W-2's, taxable interest, dependants, joint returns…"where's my
calculator?" I'll never get it all done by April 15 with all the other
work I have to do for school! ARGH! Well, fear not fellow taxpayer! The
IRS has been taking steps to make filing your taxes easier. That's right,
I said easier and almost a joy to do as well.
When I filed my first tax form, I had no idea how to do it. It was a
1040EZ, which is the form that most students are using for their returns.
My parents took the responsibility away from me and let their accountant
take care of it along with their own tax forms. Then, I got this magic
booklet from the IRS in the mail last year. It was labeled "TeleFile."
It told me how I could file my taxes over the phone in a matter of minutes.
I had to try it out.
How do you do it? It's very easy. In the booklet, there is a form that
you fill out for your records. First you fill in spaces that ask for
pretty basic info, such as your SSN, birth date and a couple other things
that should be no-brainers for most of us. The next step is making the
call to the IRS. It's an 800 number, and you talk to a computer with your
phone (very similar to how you register for classes over the phone). This
is when you need to have your W-2's ready. After you've let them know who
you are, it tells you to look for a few numbered entries on your W-2(s) and
to dial in those numbers. You can file up to 10 W-2's with TeleFile.
After you've entered this information, the computer adds it all up and
tells you to write down the results on the form in your booklet. In a
matter of minutes, you know you're adjusted gross income, deduction and
refund with no hassle or worries. When you are done, it gives you a
confirmation number, and that's it. No need to mail anything, and all you
have to do now is wait for that return to come in. Because it has been
done directly with the IRS computer, your return comes much faster. I only
waited two weeks for my return this year. I love doing my taxes now
because it is so easy to do with Telefile.
There is also a way to file over the Internet with e-file. E-file requires
you to buy special tax preparation software, but they say it's affordable,
quick and easy to use and that you get your refund quickly. This just
might be the future of filing taxes. No more working with numbers, adding
this and subtracting that. Your computer will figure out all the hard
stuff for you.
If you choose not to file online or over the phone, there are other ways
the IRS is working to make your taxes easier. You can download tax forms
off the IRS homepage ( IRS )
instead of
searching for them yourself. All the forms are in Adobe Acrobat format, so
you can fill everything in with your computer and print out the filled
form. The IRS homepage also has useful information and tips on how to make
filing easier and even how to get the most money you can in your return. I
think it's worth looking into.