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What’s the Difference Between E-Filing and Paper Filing?

Last year, roughly 113 million people e-filed their federal returns during the tax season. By the end of this year’s tax season, that number will be even larger.

Although e-filing is the most popular way to file, some still wish to paper file their returns. Others, don’t have a choice and are required to paper file. Whether you want or need to paper file, you’ll first have to prepare your tax return(s). With RapidTax, you can prepare your return anytime.

E-Filing in 2014

Want to receive your refund as soon as possible? E-filing is the way to go, and much faster than paper filing. Electronically submitting your tax return is faster than paper filing. The IRS has stated “9 out of 10 e-file tax refunds would be processed within 21 days or less.”

Paper Filing in 2014

Although the majority of filers elect to e-file their tax return, there are the outliers. Some simply prefer taking the responsibility of mailing their tax return over filing online. Others, are required to paper file. The latter group not eligible to e-file include those without income to report (no AGI), those filing prior year tax returns, etc.

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How To Check New York State Refund Status

New York winters can be tough, checking the status of your NY tax refund shouldn’t be!

If you are a resident of New York State, you might be looking for your NY state tax refund to use towards a trip somewhere warm. After all, it’s been a rough winter in New York– the white-out snowstorms, feet upon feet of snow, freezing temperatures, etc.

If you are in fact eager to know the status of your New York State tax return and when you’ll be receiving that NY refund, you’ll be happy to hear you can check your refund status online. In fact, after you’ve filed with RapidTax, obtaining your refund status is pretty easy!

How Can I Check my New York State Refund Status?

If you filed your NYS tax return, you have the option to check the status of the return online. You’ll first have to wait about a week after filing your return online (if you mailed your return, you’ll have to wait a month). Once the one week (or one month) is up, visit the New York State Department of Taxation and Finance website. After entering your social security number and refund amount, you’ll be able to view the status of your NY tax return. 

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When is the Last Day to File 2014 Taxes?

Tax Day is April 15, 2015. File your 2014 Taxes by the deadline or you’ll end up paying late fees.

April 15th is one of the most recognized dates to US taxpayers. It’s Tax Day or the last day to file your current year tax return.

After April 15, 2015 your 2014 Tax Return will be considered late. If you’re expecting a refund from your 2014 taxes, you won’t be penalized for filing after the April 15 deadline. However, if you have tax due, you’ll end up paying IRS late fees.

To avoid filing late, create an account on RapidTax and file your 2014 Taxes before the April 15 deadline.

I can’t file my taxes by the last day, can I get a tax filing extension?

If for some reason you can’t file your taxes by April 15, 2015, you can instead file an extension. You’ll have to file Form 4868  [Application for Automatic Extension of Time to File U.S. Individual Income Tax Return] by the filing deadline.

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