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Tax Filing Tips

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WASHINGTON -

Tax season is here, but if you haven't filed yet, don't worry, you still have time. 

To start, forget that paper tax return.

Electronic filing, online tax preparation and online payment of taxes are getting more popular every year.

Filing online electronically is your best defense against errors.

"The IRS actually says that the error rate for folks who file electronically is one percent compared to twenty percent for those who file with a pen and paper and use snail mail," Farnoosh Torbai, Host of Financially Fit on Yahoo!, said.

If there is a mistake on your return, the IRS can detect it and send it back an error report in as few as 48 hours so you can fix the problem.

Not only is your error rate decreased when you e-file, but your refund also arrives in the mail a lot faster.

If you send in your return in by mail, you can expect to wait up to six weeks for your refund.

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