The tax filing season is open! Taxpayers can now file their tax returns electronically or through the mail. Even though the deadline to file is still months away, be sure to file as early as possible.
Benefits of Early Filing
Filing early protects you from becoming a victim of tax scammers who steal taxpayers’ identities to file fraudulent tax returns. By filing early, even if a scammer attempts to file a return with your information, the IRS will not accept it, as they will have already received your return.
Another advantage of filing early is that you will receive your refund early. Instead of letting your refund amount to sit with the IRS, you can deposit it in bank and receive interest on it, invest or spend.
The IRS encourages taxpayers to file their tax returns using e-file. E-filing a tax return helps the IRS to process it faster. Moreover, filing electronically is safer, as the return reaches the IRS directly within seconds. Taxpayers must take care only to use the IRS website, an authorized e-file provider or a trusted commercial software to e-file their returns.
Resubmitting a Return
If you made simple mistakes on your tax return, like a spelling error or forgetting to include your dependents’ SSN’s, you can correct the errors and resubmit your return electronically. If there are errors in income figures, credits, deductions, etc. then you will need to re-file your return by mail. For any queries, you may contact the IRS at this toll-free number 800-829-1040.