So the upcoming April 15th. That terrible thing. Tax deadline. You know that you have a lot of ideas. This is the last thing you want. Well, you are a brave soul you have done this before. In fact, many times in the past.
So with a strong solution, you decide to start filing tax returns this weekend. You take your spouse to a picnic and roll up your sleeves to get ready. You are not afraid of paper, not a little. You go to the post office, get all the latest forms and worksheets, sit at your desk.
So what follows in the text below is a hypothetical scenario, what happens when you walk off the shining road to prepare your tax return.
Scene 1: Manual filling, self-refundable
- You go to the post office to pick up paper brochures and tax forms. Now, if you are smart, you will get every tax form you know - but you did, so you have to travel twice to get all the forms you need.
- Next... you have to go through a detailed process that must fill a box, make sure your entries are ok, make sure you copy at least everything from your W2 to yours. Because each calculation is connected to the next one, each box is connected to the next computer. At the end of this tough process, you will get the final number - your refund or the tax you owe.
- Next step - Find the correct address to send to. Do you know where to mail your tax return? Ok, it might be in the description of the form. Scan each word again until you get the address. Oh, Eureka! You just found it.. Congratulations. Now put it in an envelope.
- Walk to the post office until midnight on April 15 and make sure you catch the last snail mail train. Because if it leaves, you are in trouble.. very trouble! from
- Assume no postal delay - your tax return will be sent to the IRS within approximately 2 business days.
- Next to your small job, your tax return will go into the queue until it is directed to the right department. Let them do a day for this hard journey.
- Next, it scans with a complex machine called an optical scanner, transforming your handwritten tax return into a readable computer file.
- Snoring 1: If you fill your reward with pen and paper, if the scanner does not recognize your handwriting - then the scanning process will reject - then it will be placed in another queue manually by hand - let us give 4 this will It took 5 days.
- In fact, someone will read your tax return and manually enter the content into the computer. At this point, your tax return appears as a raw data file.
- Now, the raw data file will be run through the editor, which will verify the basic details - just like if you typed in a valid SSN, did you hit too many zeros in your income, for example. You wrote $50,000 instead of $5,000 in a box on the form.
- If everything is ok, the computer files you return now will be put into the database along with millions of other taxpayers. Your tax return will be added to thousands of other people who have submitted tax returns at this time. from
- Next, a series of computer programs will be run on the database to verify the tax return. It compares the data in your file with the data submitted by your employer. So if you mistakenly enter $15,200 in revenue, but the employer sends a $20,000 process, the process will provide you with a special tax return. deal with.
- Your tax return will also be folded up in a random review. The smartest mind in IR is to design these computer programs to determine which tax returns need to advance the audit. Maybe the Holy Grail of the IRS is secret!
- If you pass step 9 and refund, you will be taken to the process of printing a refund check - this process will be completed in 1-2 days.
- If you choose to make a direct deposit, we will send a payment request to deposit the money into your bank account [1 day]
- If you do not choose to make a direct deposit, your refund will be used for printing [1 day]. Your refund will then be sent to the mailing department [1-2 days]. After the US Postal Service spends about [2-3 days], the check should be sent to you again via snail mail - just like you are mailing a tax return.
Well, you did it. You are happy to slap your hands and pat yourself. Your tax refund is finally completed!! Then you just hit the starter and hit the engine. Just launch the next series of events and you'll definitely get a coveted refund check!
From this point on - this process should be like lightning.
This is just a tax declaration plan - the end is coming soon! Have you received any information in this regard? Do you know how to complete this process more efficiently or how to reduce tax preparation costs. Learn more about the tax return process and the tools and tax preparation skills that will save you a lot of money and money!
Orignal From: Your tax return - how the tax return process works
No comments:
Post a Comment