Once you have finished preparing your tax return, you have two options for sending your tax return to IRS for further processing. One, You can mail a signed Form 1040EZ to an IRS Service Center, or you can file the return electronically.
Should you File on Paper OR Electronically?
Paper tax return filing and mailing it to IRS is an most easiest, convenient and low cost way. For such mailed return IRS will take a bit longer time to process as they have to enter your data into their Computer System. However submitting a paper tax return only costs you postage, and so it’s a very cost-effective way for you to file your taxes.
While Tax return filing electronically eliminates the data entry work that the IRS has to do while you post your paper tax return. So the processing of your tax return by IRS become faster. That means you can get you tax refund faster with fewer chances of a delay.
In order to e-file your tax return you will need to use a online tax preparation services or file your return through a tax preparer, which could add to the cost of preparing your tax return.
Tips for Mailing 1040EZ on Paper:
Here are some tips to minimize processing errors when transcribing your tax return.
- Download Form 1040EZ to your desktop. The file is in PDF format you will be able to type information in directly on the form. So be sure to save your filled in PDF file.
- Double check you math.
- Staple your W-2 carefully to the front of your tax return
- Sign and date the tax return
Tips for Electronically Filing your 1040EZ
In order to electronically file your tax return, you'll need to use a tax software program or hire a tax preparer. There are so many low cost online tax filing service provider web sites who allows you to file your 1040EZ online. If you earn $54,000 or less, you'll be able to prepare and e-file your tax return using one of the software or online tax services programs.
