Will You Make The 39 Cent Mistake This Tax Season

Will you​ Make the​ 39 Cent Mistake This Tax Season?
When it​ comes to​ filing your tax return,​ spending 39 cents could be the​ biggest mistake you​ ever make .​
Millions of​ taxpayers make the​ mistake of​ putting their income tax return in​ a​ regular letter-sized envelope,​ sticking on​ a​ 39 cent stamp,​ and placing the​ envelope in​ the​ mailbox.
And millions of​ taxpayers get away with this mistake year after year.
Why do I​ say that putting your tax return in​ the​ mailbox is​ a​ mistake? Let me explain.
Every year,​ a​ small percentage of​ mail doesn't get delivered .​
The U.S .​
Postal Service doesn't like to​ admit this,​ but it's true.
Furthermore,​ even if​ your tax return gets delivered to​ the​ IRS,​ every year a​ small percentage of​ tax returns get lost by the​ IRS.
Don't believe me? I'll never forget the​ day one of​ my clients showed me a​ letter he received from the​ IRS:
We regret to​ inform you​ that we received your return... .​
but have lost it .​
Believe it​ or​ not,​ this actually happened!
So my question to​ you​ is​ this: What are you​ doing to​ do if​ this happens to​ you?
If your tax return doesn't get delivered,​ or​ if​ it​ gets delivered but is​ subsequently lost inside the​ mammoth IRS,​ what are you​ going to​ do to​ prove that you​ actually mailed the​ return?
Just calling the​ IRS and saying,​ Well,​ I​ mailed it​ on​ time .​
I​ know I​ did! isn't going to​ prove anything .​
And the​ burden to​ prove you​ mailed the​ return on​ time will rest on​ your shoulders.
You have two ways to​ solve this potentially dangerous problem:
OPTION #1: File your return electronically.
There are many benefits to​ e-filing:
-- Accuracy .​
In order for a​ return to​ get e-filed it​ must pass several strict accuracy tests,​ thereby significantly reducing the​ chance of​ human error .​
E-filed returns are subject to​ this level of​ scrutiny at​ the​ point of​ origination.
-- Security .​
The filer creates his own electronic signature,​ resulting in​ a​ truly paperless experience.
-- Speed .​
If you're due a​ refund,​ it​ can take 6-8 weeks with a​ paper return .​
Combined with direct deposit,​ your e-filed return will generate a​ refund in​ as​ little as​ 10 days.
-- Proof of​ acceptance .​
This is​ the​ benefit I​ want you​ to​ focus on​ right now .​
When you​ e-file your return,​ you​ receive an​ electronic acknowledgement within 48 hours that the​ IRS has accepted your return.
Bingo! Now you​ have proof positive that the​ return was filed .​
'Nuff said?
E-filing is​ rapidly becoming the​ filing method of​ choice .​
But the​ majority of​ returns are still filed on​ paper,​ so here's a​ second way to​ avoid the​ missing return dilemma.

OPTION #2: If you're a​ paper filer,​ go to​ the​ post office and spend a​ measly $4.05 to​ send the​ letter via Certified Mail,​ Return Receipt Requested.
Doing this will accomplish two very important things:
1 .​
Certified Mail (which costs $2.40) provides the​ proof that the​ return was mailed,​ and that it​ was mailed on​ time,​ on​ or​ before the​ due date.

According to​ the​ IRS,​ a​ paper return is​ filed on​ time if​ it​ is​ mailed in​ an​ envelope that is​ properly addressed and postmarked by the​ due date .​
When you​ use Certified Mail,​ you​ will get a​ receipt postmarked by the​ postal employee,​ and the​ date on​ the​ receipt is​ the​ postmark date.
So,​ should the​ return get lost by the​ IRS,​ or​ if​ the​ IRS questions whether you​ mailed it​ on​ time,​ you​ will have written proof .​
Plus,​ every piece of​ Certified Mail is​ assigned a​ tracking number which can then be traced by the​ U.S .​
Postal Service should a​ problem arise.
2 .​
Return Receipt provides another level of​ insurance .​
For an​ extra $1.85,​ when the​ letter is​ delivered,​ the​ IRS must sign or​ stamp a​ receipt that documents the​ date of​ delivery .​
This receipt then gets mailed back to​ you,​ so you​ now have the​ written proof that the​ IRS received it.
Technically,​ you​ only need to​ send the​ return via Certified Mail to​ prove that it​ was mailed on​ time .​
But I​ really like the​ Return Receipt as​ well -- it​ gives you​ that extra peace of​ mind to​ know that the​ IRS received it .​
And you'll know exactly what day it​ was received .​
This is​ the​ proof of​ delivery.
So don't run the​ risk of​ having your tax return get lost in​ the​ mail .​
And don't run the​ risk of​ having your tax return get lost in​ the​ piles and piles of​ paper that flood the​ IRS each year .​
Think about it .​
Well over 100 million personal income tax returns are filed with the​ IRS every year,​ and the​ majority of​ them are still prepared on​ paper and mailed by the​ U.S .​
Postal Service.
The U.S .​
Postal Service and the​ IRS are staffed by hard-working people who are only human .​
People make mistakes .​
To greatly reduce the​ chance of​ a​ mistake being made with your return,​ don't you​ make the​ mistake of​ just putting your tax return in​ the​ mailbox.
Instead,​ e-file it,​ or​ take it​ to​ the​ post office and send it​ Certified Mail,​ Return Receipt Requested .​
It could be the​ best $4.25 you​ ever spent!
Will You Make The 39 Cent Mistake This Tax Season Will You Make The 39 Cent Mistake This Tax Season Reviewed by Henda Yesti on July 07, 2018 Rating: 5

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