• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

How to speed up a tax refund

by on
in Small Business Tax

If you are filing your own 2010 return and you’re expecting a tax refund, there’s no reason to dawdle.

Strategy: Prepare to e-file your return. If you file electronically and request a direct deposit in your bank account, you’ll receive your refund in less than two weeks. In contrast, filing by paper can take almost two months.

The IRS estimates the following “turnaround times” for tax refunds:

  • Six weeks for a paper return and paper check
  • Five weeks for a paper return and direct deposit
  • Three weeks for e-filing and a paper check
  • 10 days for e-filing and direct deposit.

Clearly, if speed is your top priority, e-filing is the best approach. But it’s not for everyone. For instance, you might miss some tax-saving opportunities or you just may not be comfortable doing it. If your return is complex, you can have a tax pro e-file for you.

If you decide to e-file yourself, gather all your information ASAP and take a practice run.

Tip: Visit www.irs.gov for more information on e-filing options.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/17732/how-to-speed-up-a-tax-refund "

Related Articles...

    No matches

Leave a Comment