Get a free copy of your tax return
You can request a Tax Return Transcript free of charge using Form 4506-T rather than pay $50 per return to request a copy from the IRS by using Form 450: Request for Copy of Tax Return, Go to www.irs.gov and click “Get a Tax Transcript” to utilize the automated self-help service. You can also call 800-908-9946. If you are a Mitz & Rozansky tax client we will also supply you with a free copy of your return, if it was prepared by our firm.
Electronic Fund Transfer
The fastest way for you to receive your refund is to combine e-file with Direct Deposit. About 8 in 10 taxpayers use direct deposit likely because the IRS issues 9 out of 10 of these refunds in less than 21 days. If money is to flow the other direction because you owe taxes, the best way make the payment is with IRS Direct Pay. This free service can transfer money using the client’s checking/savings account, debit/credit card or Electronic Funds Withdrawal. Refer to the “Payments” tab at www.irs.gov for further guidance on transferring money electronically. If you are a Mitz & Rozansky tax client we assist you with electronic fund transfer procedures.
File your return even if you have a payment issue
By all means, file your tax return even if you are unable to pay some or all of the taxes you owe. If you owe money to the IRS and cannot make the entire payment, you should pay as much as possible to reduce interest and penalties for late payments. You need to file a Form 9465: Installment Agreement Request, with your tax return to request to pay in installments. You may also use the Online Payment Agreement tool to request more time to pay. If you are a Mitz & Rozansky tax client we assist you with instituting a payment plan.
Mitz & Rozansky will guide you every step of the way. Please contact us at (414)352-3200 for assistance with these and any other tax filing procedures.