Have chosen to mail tax returns until this year. Considering e-filing, however, have the following questions/concerns:
* Balance will be owed. If tax return is mailed, would just include a check. Because it takes several days for that check to clears, that provides sufficient time to deposit funds into the account from which the check will be written.
* If the federal tax return is filed by the extended due date (October 16th), can I still choose the day that payment is debited from the bank account that is used to pay the tax balance due? In other words, don't want the payment to draft the account the same or next day because cash need to be deposited into the account that is used to pay taxes.
What is the best option? Continue to mail and include a check? Also, tax returns are always mailed/sent "Certified" to prove delivery to the IRA. But we have heard about the potential issues with IRS staff entering returns into the system; hence, E-Filing is recommended.
Help.
