It’s down to the wire for Federal Income tax filings with only one day left to go.  Here ares some commonly asked questions and answers about income taxes:

  • What’s the deadline to file my 2009 federal income tax return?
    Your return must be e-filed or postmarked by midnight on Thursday, April 15.

  • What if I can’t file my return by April 15th?
    You can print or e-file Form 4868 – Application for Automatic Extension of Time to File US Individual Income Tax Return, free with TaxACT for an automatic 6-month extension to file your federal taxes.

  • Can I still e-file if I owe taxes?
    Yes! Convenient, safe, and secure electronic payments are available in TaxACT. E-file your return now and schedule a debit withdrawal from a bank account through April 15th.

  • Will I be notified when my e-filed return is received?
    If you provide a valid email address in the e-filing steps, you should receive two notifications. The first email will confirm your successful transmission and the second will acknowledge whether your return has been accepted by the IRS or state agency.

  • What happens if I e-file my return before the deadline but it gets
    rejected by the IRS?

    You will need to make the necessary corrections and resubmit your return as soon as possible. As long as the IRS has received your original return by April 15th, your return is considered on time.

  • When can I expect to receive my IRS refund?
    If you mail a paper return, you can expect your refund within 4–6 weeks. With e-file, you could have your refund in as few as 8 days with direct deposit.