The Fastest Way to Receive a Tax Refund

Gathering all the documentation to file a tax return can be tedious, and awaiting the actual return can bring on a certain amount of anxiety.  In today's economic crisis, the demand for the tax return is so great that people seek to find the quickest ways possible to receive their tax returns.  While skeptics and not so computer savvy people are stuck with the old-fashion paper system, the technology savvy ones tend to utilize electronic filing and opt for direct deposit, which according to www.cbsnews.com, is the fastest method of receiving one's tax return.

An IRS spokesperson, Mark Hanson, said that as the e-file system is the safest, quickest and most accurate way to receive one’s return, he encourages taxpayers to take advantage of the service.  He added that aside from the quick turn around time, taxpayers also receive and electronic confirmation within 48 hours that the IRS receives their tax returns.  Hanson also noted that 67% of the more than 1.9 million filers in North Carolina chose IRS e-file in 2007.  He concluded that e-filing is not only beneficial to those persons who are receiving refunds, but for those who will owe, as they can file their return and pay later.

According to Rick VanderKnyff of www.moneycentral.msn.com, if speed is the only criterion, e-filing and requesting direct deposit is the way to go.   For assistance, the IRS encourages taxpayers to visit the IRS Web site at IRS.gov or call the IRS customer service number at 800-829-1040. For the fastest tax return, file all tax returns electronically, and opt for receiving your return by direct deposit. That's the winning ticket to the fastest refund.