Benjamin Franklin famously quipped, “Nothing is certain except death and taxes.”
Well, he does have a point there.
But unlike death, there’s an upside to taxes – getting your tax refund. To get it, though, you’ll need to file a completed tax return by April 15th (or request an extension).
Currently, the IRS only accepts tax returns submitted by mail or through an electronic tax preparation service like Turbo Tax or H&R Block. Therefore, you’ll need to use an approved data submission method to submit your tax return and claim your credits and deductions by your deadline.
If you’re under an audit, however, or an IRS agent has asked you to submit items missing from your tax return, then you can send them via online fax. This is where eFax comes in handy.
Let’s explore three important ways that eFax can save you this tax season (and beyond).
Table of Contents
Sending Your Tax Documents to Your Accountant or Tax Preparer
In order to maximize your tax credits and deductions, your accountant or tax preparer will need:
- Your bank and credit card statements to thoroughly analyze
- Financial statements from your business, if you own one
- Charitable donation receipts and student loan interest statements, if either applies to you
- W-2 and/or 1099 forms
While you may be tempted to send these documents via regular email, you’d be wise to ignore that impulse.
Without an added layer of security, sending your private documents over regular email could prove extremely dangerous. Not only could hackers gain access to your most confidential financial documents, but they could use the information to open unauthorized credit accounts in your name.
A stranger online could steal your Social Security number, bank account numbers and other confidential data in an instant. But you can protect your private information this tax season by using eFax’s online fax service, which encrypts your documents in transit.
Ordering Copies of Income-Related Tax Forms & Documents from the IRS
If you lose a previous year’s tax return and can’t get a hold of a copy of your W-2 from your employer, then you can order one from the IRS. Keep in mind, though, that the IRS sets specific conditions for doing so.
According to IRS.gov, “If you previously attached your Form W-2 from your employer to your tax return but need a copy, then you can order one from the IRS for a fee.”
To maximize time, you may want to submit your order by fax rather than regular mail.
It’s quick and simple to fax by email. Submit Form 4506 as a secure email attachment and the form will transmit to your local IRS office in minutes.
Below is a list of the most commonly filed income-related forms, according to IRS.gov:
- Form W-2 (wage and salary income)
- Form 1099-B (sales of stock, bonds, or other investments)
- Form 1099-INT (interest income)
- Form SSA-1099 (Social Security benefits)
- Schedule K-1 (income from partnerships, S corporations, estates, or trusts)
Submitting Supporting Documents for an Audit
“Audits are typically scheduled for three months from beginning to end,” according to Harvard University. Three months may not seem long, but the process can be arduous.
Therefore, you’ll want to take a strategic approach to submitting your documents, including:
- Staying on top of when your tax forms go out for delivery
- Adhering to all deadlines
Unlike regular mail, eFax lets you immediately send and read secure communication related to your case.
Not only that, but online fax can save you time and provide you with a much-needed paper trail for your documents. Ask anyone who’s ever been placed under an IRS audit and they’ll tell you just how important a paper trail can be!
eFax offers a fast, simple and secure way for you to send documents to your accountant, add additional documents to your tax return or send supporting documents to the IRS for an audit. Once you have an eFax account, all you need to do is:
- Attach your documents using regular email
- Enter the fax number of your accountant or tax preparer, IRS agent or local IRS office
- Send your documents securely online in minutes
So, what are you waiting for? Sign up for eFax and protect the security of your tax forms!