Remember when you filed for a tax extension last April and gained six extra months to file your taxes? Well, time flies, and unfortunately the October 17 deadline is getting closer. No matter whether you are due a tax refund or owe money, here are three things you can do now to help you file your taxes with the tax extension deadline just over a month away.
Gather your paperwork.
Before you go online to file your taxes, gather together all the tax forms and paperwork you’ll need, such as W-2s, 1099s, and receipts for tax deductible expenses like mortgage statements and charitable donation receipts. The more organized you are when you sit down to prepare and file your tax return, the faster and smoother the process of filing your taxes will be.
File your return with e-file.
With only a little over a month left, you will most likely want to spend as little time as possible filing your tax return. Filing online with e-file not only saves you time and money, it is more accurate than preparing your tax return by hand. TurboTax makes it easy to e-file your taxes online in the convenience of your own home. With TurboTax Online you can easily and accurately jump-start your taxes with the snap of a photo, connect with TurboTax experts live via one-way video to get answers to your specific questions and get personalized and relevant explanations about changes in your tax return. Whether filing from a smart phone, tablet or computer, you benefit from the convenience of anytime, anywhere access with the ability to seamlessly start, stop and continue your taxes across devices.
Confirm receipt of your tax return.
Once your tax return is sent electronically to the IRS, you will receive an acknowledgement from the IRS that your tax return was received. You’ll usually receive that notice within 48 hours of filing confirming that your tax return is being processed.
Filing your taxes, even with an extension, can seem time-consuming and overwhelming., but remember TurboTax makes filing effortless by asking you simple questions relevant to you and gives you the tax deductions and credits you’re eligible for.