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ELECTRONIC FILING SHORTENS AVERAGE TIME FOR PROCESSING TAX RETURNS

 ELECTRONIC FILING SHORTENS AVERAGE TIME FOR PROCESSING TAX RETURNS
 NASHVILLE, Tenn., Jan. 16 /PRNewswire/ -- You could have your 1991 federal tax refund in as few as three weeks by filing your return electronically.
 You can join the estimated 400,000 people in Tennessee who will be filing their 1991 tax returns this high-tech way. During the past filing season 260,000 taxpayers filed electronically from Tennessee. Nationwide, 7.5 million filed electronically for 1990, and that number is expected to increase to 10 million for 1991.
 If you are due a refund on your 1991 tax return, or even if you owe taxes, you may be able to have your return filed electronically instead of on a paper form. The electronic filing method is used by many tax return preparers and other companies (who do not prepare returns but use this method to file returns already prepared.). These preparers and filers are equipped to send tax return information over telephone lines to the Internal Revenue Service Center in Memphis. They will usually charge you for this service, but you will normally receive your refund sooner, and you may be able to have it deposited electronically into your savings or checking account. Fees for this service vary widely, so you should shop around before deciding on someone to file it for you.
 Electronic filing shortens the average time for processing returns to three weeks or less by using automation to replace most of the manual steps needed to process paper returns. As a result, processing for electronic returns is faster, less expensive, and more accurate.
 To locate the IRS-accepted electronic filers in your area, watch for local advertising, contact your local tax preparer, or check your yellow pages. If you have questions about filing electronically, call the IRS Tele-Tax (recorded tape system) at 1-800-829-4477 and request topic number 112, or call the IRS toll-free at 1-800-829-1040.
 -0- 1/16/92
 NOTE TO EDITORS: For further information, contact the IRS Public Affairs Office at 615-736-7291.
 /CONTACT: Melba Wells, IRS Public Affairs Office, 615-736-7291/ CO: Internal Revenue Service ST: Tennessee IN: SU:


DF -- CH017 -- 0641 01/16/92 15:35 EST
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Date:Jan 16, 1992
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