Every American that earns more than a specified amount of money are required to file tax returns by law. All taxpayers must file a tax return each year with the IRS, the United States government agency that handles federal taxes. They may be required to file federal tax returns with the state tax agencies too. The United States tax system is based on the principle of self-assessment.
The IRS claims federal tax return on the basis of an individual's non-immigrant visa statues and their dependents. These filing requirements vary according to whether the student, scholar, or dependent is considered a resident or a non-resident for federal tax purpose. There are various sources available, which help a person to determine the correct status for filing forms for federal tax return.
After completing a federal tax return form, a person can send it either electronically or by mail to the IRS. If people opt for filing returns by mail they can find directions on where to send them in the tax instruction booklet of form 1040. It is advisable for taxpayers to use the envelope and the appropriate mailing label while mailing returns. All check payments should be made payable to "United States Treasury".
Individuals can file their returns by mail or by electronically. IRS offer e-file programs for filing returns instead of traditional paper work for filing. IRS e-file program is fast easy and convenient for taxpayers. Taxpayers can file returns electronically using an authorized IRS e-file. Free filing is also available on the IRS website.
Electronic tax filing enables taxpayers to make direct deposits of tax returns to the IRS with the use of credit cards. Taxpayers are immediately informed of receipt of their application and payments and are provided with a verification number. Electronic payments are a safe and secure method for filing returns. The Electronic Federal Tax Payment System (EFTPS) system allows taxpayers to schedule recurring payments from their bank accounts.