Printer Friendly

IRS expands file-by-phone service.

The Internal Revenue Service is expanding TeleFile, a taxpaying service that will allow taxpayers in 10 states to file their 1994 federal tax returns by telephone.

Informational Release IR-94-104 says the IRS expects to receive over 725,000 returns by phone in 1995. TeleFile is available for the first time this year in Colorado, southern Texas and northern California. Over 519,000 taxpayers filed their 1993 returns using TeleFile in Florida, Indiana, Kentucky, Michigan, Ohio, South Carolina and West Virginia.

The IRS will send TeleFile tax packages to selected single persons who file form 1040 EZ but do not qualify for the earned income tax credit. However, if the name or current address is different from that on the preprinted TeleFile package, the filer cannot participate in the program.

A qualifying taxpayer activates TeleFile by dialing a toll-free number and entering his or her Social Security number, wages, interest and income tax withheld; the IRS does the rest. In minutes the filer knows his or her adjusted gross income and refund or balance due. The filer also receives a confirmation number. When the call is finished, the TeleFiler must attach his or her W-2s to a signed form 1040-TEL and mail it to the IRS. The entire process takes about five minutes.

The IRS says TeleFilers should receive their refunds within three weeks of their call. Taxpayers who owe money still must pay before April 15.

Observation: TeleFile is available seven days a week, 22 hours a day. The best times for taxpayers to call are before 5:00 P.M. or after 9:00 P.M. --Michael Lynch, CPA, Esq., associate professor of accounting at Bryant College, Smithfield, Rhode Island.
COPYRIGHT 1995 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Author:Lynch, Michael
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Jan 1, 1995
Previous Article:IRS will clarify parts of offer-in-compromise program.
Next Article:Buying an S corporation? Use a 338(h)(10) election.

Related Articles
How to get plugged into electronic tax filing.
Why electronic tax filing is hot.
IRS reverses controversial procedural notice.
File from your home computer.
Commissioner calls on more CPAs to file electronically.
IRS sets record for Web visits.
Small-business tips: IRS liaison meeting covers tipping, auditing and litigation.
IRS encourages individuals, small businesses, tax practitioners to file returns electronically. (tax info).
Update form 8633 or submit new one online.
e-filing sets record pace.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters