IRS E-file is the electronic transmission of individual and business tax returns to the IRS. In most states, you can also file an electronic state return with your federal return. It is the fastest way to file tax returns, and it gets you your refund in half the usual time. It is even faster when you have your refund deposited directly to your bank account.

The following are frequently asked questions regarding IRS E-file:

• Why file electronically?
• What about my refund?
• How does the Refund Anticipation Loan Work?
• What if I owe a balance due?
• How can I learn more about IRS E-file?

Below is a discussion of these questions.

Why file electronically?
IRS E-file uses automation to replace most of the steps needed to process paper returns. As a result, the processing of IRS E-file returns is more accurate than the processing of paper returns. With IRS E-file, Emerald Tax Service transmits your return from its computers directly to the IRS. You do not have to worry about your return being lost or delayed in the mail. Within 48 hours, the IRS sends Emerald Tax Service an acknowledgement that your return has been accepted. Only IRS E-file offers this advantage.

What about my refund?
If you use E-file, you may have your refund within three weeks. In many cases, you can receive your refund in 14 days, particularly if you use direct deposit. But, in addition to that, Emerald Tax Service offers a Refund Anticipation Loan service that enables you to have fast use of your tax refund.

How does the Refund Anticipation Loan work?
When your return has been E-filed by Emerald Tax Service, the IRS notifies us electronically that your return has been accepted. Emerald Tax Service in turn notifies a designated bank and, if you qualify, the bank may lend you all or part of the amount to be refunded by the IRS minus any tax preparation and loan fees. The process is designed to eliminate any up-front expense for you.

What if I have a balance due?
You can E-file and electronically pay at the time you file or choose a future payment date. No matter when your return is filed, you do not have to pay what you owe until April 15, 2005. In the meantime, you have electronic proof of return acceptance from the IRS. You can authorize a direct debit from your checking or savings account at the time your tax return is prepared. If you do not want to pay your balance immediately, you can specify a payment date and delay payment up to April 15, 2005. You can also pay by credit card using one of two IRS credit card payment service providers.

See your Emerald Tax Service tax preparer for more information on your options for paying a balance due.

How can I learn more about IRS E-file?
If you would like to find out more about e-file and Refund Anticipation Loans, please call (951) 275-9986, our professionals are ready to help you with any questions you may have.