So you still haven’t filed your tax return even though the deadline is only days away? For the rest of the procrastinators out there, here are short answers to common questions related to filing a tax return.

Can I make my tax return payment with a credit card?

Yes. The IRS will accept various types of payment, including credit card, electronic funds transfer, check, money order, cashier’s check, or cash. Payment to the IRS by credit card can be made through one of two official vendors: Official Payments Corporation (1-800-272-9829) or Link2Gov at (1-888-729-1040).

How long should I hold onto the documents that support my tax return?

The IRS recommends that documents that support an individual tax return should be kept for at least three years. A more cautious approach is to keep the documents for six years, which is the limit the IRS can audit someone that it suspects has underreported income by 25 percent or more. The IRS suggests other hold periods for specific situations. Check out the IRS website to learn more (www.irs.gov – “How Long Should I Keep Records”).

Will I get my refund back faster if I file my tax return electronically?

Yes. According to the IRS, if you file a complete accurate paper tax return, your refund will be issued within six weeks from the received date. If you file electronically, however, the refund check will be issued within three weeks after the acknowledgement date. You can call the Refund Hotline (800-829-1954) or go to the IRS website (www.irs.gov – “Where’s My Refund”) to check on the status of your refund. In order to check the status of your refund you will need to provide your Social Security number, your filing status, and the exact whole dollar amount shown on the tax return.

For more tax questions, check out the IRS Web site.

Disclaimer
The material provided in The Common Law is for general informational purposes only. It does not constitute, nor is it a substitute for, legal advice. For advice on your specific facts and circumstances, consult an attorney directly.