oter

Filing taxes electronically can expedite the process from "summary" of Income Tax Fundamentals 2021 by Gerald E. Whittenburg,Martha Altus-Buller,Steven Gill

When taxpayers submit their tax returns electronically, they can significantly speed up the processing time. This is because electronic filing eliminates the need for manual data entry, reducing the chances of errors that can delay the processing of paper returns. The IRS can process electronic returns much faster than paper returns, allowing taxpayers to receive their refunds sooner. In fact, taxpayers who file electronically and request direct deposit can receive their refunds in as little as three weeks, compared to six to eight weeks for paper filers. Moreover, electronic filing is not only faster but also more secure than paper filing. When taxpayers file electronically, their information is encrypted and transmitted securely to the IRS. This reduces the risk of sensitive information being lost or stolen during transit. In contrast, paper ...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Personal savings will rise
    Personal savings will rise
    When the FairTax becomes law, personal savings will rise. The more you save, the more you can invest. The more you invest, the ...
    Blockchain can create trust in transactions
    Blockchain can create trust in transactions
    Trust is a crucial element in any transaction, whether it be between individuals, businesses, or even governments. Trust is wha...
    Take advantage of taxefficient investment strategies to minimize your tax burden
    Take advantage of taxefficient investment strategies to minimize your tax burden
    One of the key principles of building wealth is to be mindful of the tax implications of your investment decisions. By strategi...
    International financial management involves managing financial activities across borders
    International financial management involves managing financial activities across borders
    International financial management involves managing financial activities across borders. This concept is crucial for businesse...
    Developing a strong work ethic and discipline is crucial for sales success
    Developing a strong work ethic and discipline is crucial for sales success
    To achieve success in sales, one must have a strong work ethic and discipline. This means being dedicated to putting in the nec...
    Understanding international tax laws can open up new opportunities for tax savings
    Understanding international tax laws can open up new opportunities for tax savings
    When it comes to taxes, many individuals and businesses tend to focus solely on domestic tax laws. However, understanding inter...
    Stay the course
    Stay the course
    The concept of staying the course is an essential principle of successful investing. It means sticking to your investment plan ...
    Practice gratitude for what you have
    Practice gratitude for what you have
    Gratitude is a powerful tool that can help you appreciate the things you already have in your life. It is easy to get caught up...
    Prioritize your tasks based on urgency and importance
    Prioritize your tasks based on urgency and importance
    The key to effective time management is understanding the difference between urgent and important tasks. Urgent tasks are those...
    Consider your risk tolerance when selecting investments
    Consider your risk tolerance when selecting investments
    When selecting investments, it is crucial to take into account your risk tolerance. Risk tolerance refers to your ability to en...
    oter

    Income Tax Fundamentals 2021

    Gerald E. Whittenburg

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.