With the rise in electronic filing of tax returns –- nowadays, almost 80% of individual tax returns are filed electronically – it can be easy to forget that millions of tax returns, ranging from individual to corporate, are still prepared on paper and need to be mailed to the Internal Revenue Service for filing. And having to mail returns to the IRS can create problems – in the form of interest and penalties -- when the IRS won’t accept that a return you filed was submitted on time.
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Finance & Banking Updates, Tax Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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