Sprintax US Tax Preparation STEP 7 - Π•-file your federal tax return with Sprintax

Sprintax
12 Jan 202203:44
EducationalLearning
32 Likes 10 Comments

TLDRIn this informative video, Amy from Sprintax guides viewers on how to e-file their federal tax returns using Sprintax. The process begins with completing a federal and state tax preparation questionnaire, which leads to a review section where individuals may e-file, depending on their personal circumstances. E-filing eliminates the need to print and mail a physical tax return, streamlining the process and speeding up tax refund times. To e-file, users must complete an e-file authentication section, providing details from their previous tax return, signing with a unique 5-digit PIN, and agreeing to terms and conditions. Identity verification is required, involving information from the previous year's tax return. The next step is selecting a 5-digit number to sign the tax return electronically. Users must acknowledge the PIN as their signature and confirm their agreement with the provided statements. The final step is signing the consent disclosure with the user's date of birth before sending the tax return to the IRS. For those who prefer not to e-file, Sprintax offers the option to download and mail a completed tax return. The video also mentions the availability of Sprintax's live chat support for any e-filing inquiries.

Takeaways
  • πŸ“ Complete Sprintax's federal and state tax preparation questionnaire to reach the review section.
  • πŸ” Depending on personal circumstances, you may have the opportunity to e-file your federal tax return through Sprintax.
  • 🚫 No need to download, print, and mail a physical copy of your tax return with e-filing.
  • 🏑 File your federal tax return from the comfort of your home using Sprintax.
  • ⚑ Receive your U.S. tax refund much faster by e-filing compared to a paper tax return.
  • πŸ”‘ Complete the e-file authentication section with basic details from your previous federal tax return.
  • πŸ–‹ E-sign your return using a five-digit pin number and consent to terms and conditions.
  • πŸ†” Verify your identity by providing information from your previous year's federal tax return, such as your pre-order adjusted gross income or a self-selected 5-digit pin.
  • πŸ“‹ Provide accurate pre-year adjusted gross income; enter zero if you didn't file for 2019, or use the originally filed amount if you filed an amendment.
  • πŸ“ Select a 5-digit number to electronically sign your tax return and keep a record of it.
  • βœ… Read and confirm the disclaimer, constant statements, and the accuracy of social security numbers on the return.
  • πŸ“† Sign the consent disclosure by entering your date of birth to send your tax return electronically to the IRS.
  • πŸ“¬ If not eligible or prefer not to e-file, download your completed tax return from Sprintax to file by mail.
  • πŸ“„ For state tax returns, download, print, sign, and mail the documents to the tax office.
  • ❓ Sprintax live chat team is available 24/7 for support on e-filing your federal tax return.
Q & A
  • What is the primary benefit of using Sprintax for e-filing federal taxes?

    -The primary benefit is that you can file your federal tax return electronically without having to download, print, and mail a physical copy to the US tax office, which is more convenient and faster.

  • How does e-filing a federal tax return with Sprintax affect the time it takes to receive a refund?

    -E-filing your federal tax return with Sprintax allows you to receive your U.S. tax refund much faster than if you were to file a paper tax return.

  • What is required to complete the e-file authentication section on Sprintax?

    -To complete the e-file authentication section, you must provide some basic details about your previous federal tax return, e-sign your return with a five-digit pin number, and consent to some basic terms and conditions.

  • How does Sprintax verify a user's identity before they can sign their tax return?

    -Sprintax verifies a user's identity by asking them to provide information from their previous year's federal tax return, such as their prior-year adjusted gross income or a self-selected 5-digit pin.

  • Where can one find their adjusted gross income for the purpose of identity verification on Sprintax?

    -You can find your adjusted gross income on line 35 of your Form 1040 NR or on line 10 of your Form 1040.

  • What should you do if you did not file a tax return for the tax year 2019?

    -If you did not file a tax return for the tax year 2019, you should enter zero as your prior-year adjusted gross income.

  • What is the next step after identity verification when e-filing on Sprintax?

    -The next step is e-file authentication, where you will be required to select any 5-digit number to electronically sign your tax return.

  • Why is it important to keep a record of the 5-digit pin used for e-signing the tax return on Sprintax?

    -It is important to keep a record of the 5-digit pin because it serves as your electronic signature and is required for authorizing the transmission of your tax return.

  • What must be done after selecting a 5-digit pin on Sprintax before sending the tax return?

    -After selecting a 5-digit pin, you must read the disclaimer, confirm that you have reviewed the information entered, agree to the constant statements, and confirm the correctness of the social security numbers on the return.

  • How does one complete the final step of e-filing their tax return on Sprintax?

    -The final step is to sign the consent disclosure by entering your date of birth, and then you can electronically send your tax return to the IRS by clicking the appropriate button to proceed.

  • What alternative is provided by Sprintax for those who are not eligible or prefer not to e-file their federal tax return?

    -For those not eligible for e-filing or who prefer not to, Sprintax allows users to download a copy of their completed tax return and file it by mail.

  • How can users get support if they have questions about e-filing their federal tax return on Sprintax?

    -Users can get support by contacting the Sprintax live chat team, which is available online 24/7.

Outlines
00:00
πŸ˜€ E-Filing Federal Tax Return with Sprintax

Amy from Sprintax introduces the video's purpose, which is to demonstrate the process of electronically filing a federal tax return using Sprintax. The viewer is informed that upon completing the federal and state tax preparation questionnaire, they may have the opportunity to e-file their federal tax return, depending on their personal circumstances. The benefits of e-filing, such as not needing to print and mail a physical copy and receiving a tax refund faster, are highlighted. The steps to e-file include completing an e-file authentication section with basic details from the previous tax return, e-signing with a five-digit PIN, and agreeing to terms and conditions. Identity verification is required, which may involve providing information from the previous year's tax return, such as the pre-order adjusted gross income or a self-selected 5-digit PIN. The process concludes with signing the consent disclosure, reviewing the entered information, and sending the tax return to the IRS.

Mindmap
Keywords
πŸ’‘e-file
The term 'e-file' refers to the process of electronically filing tax returns directly to the tax authorities, eliminating the need for paper documentation. In the context of the video, e-filing is the primary method demonstrated for submitting federal tax returns using Sprintax, allowing taxpayers to file from home and receive refunds faster than with traditional paper filing.
πŸ’‘federal tax return
A 'federal tax return' is the document that individuals and businesses submit to report their income, deductions, and taxes paid to the federal government for a given tax year. In the video, the process of e-filing this return is detailed, emphasizing the convenience and speed of electronic submission over traditional methods.
πŸ’‘tax preparation questionnaire
A 'tax preparation questionnaire' is a set of questions designed to gather necessary financial and personal information from taxpayers to assist in preparing their tax returns. In the video, it is mentioned as the first step in the process of using Sprintax, leading to the review section where e-filing options are presented.
πŸ’‘review section
The 'review section' in the context of the video refers to the part of the Sprintax software where taxpayers can review their tax information before proceeding to e-file. It is a crucial stage that allows for verification of details and making any necessary corrections before submission.
πŸ’‘e-file authentication
E-file 'authentication' is the process of verifying the taxpayer's identity and confirming their eligibility to file electronically. The video outlines steps such as providing details from a previous tax return and using a five-digit PIN to sign the return, which are part of this authentication process.
πŸ’‘PIN number
A 'PIN number' (Personal Identification Number) is a unique numerical code used for authentication purposes. In the context of the video, taxpayers are instructed to use a five-digit PIN to electronically sign their tax return, serving as a digital signature and a key part of the e-filing process.
πŸ’‘identity verification
The process of 'identity verification' involves confirming a person's identity to ensure that they are who they claim to be. In the video, identity verification is a mandatory step before taxpayers can sign their returns, requiring information from their previous year's federal tax return.
πŸ’‘adjusted gross income (AGI)
The 'adjusted gross income (AGI)' is a figure on a tax return that is used to compute a taxpayer's tax liability. It is derived from total income by subtracting certain adjustments. In the video, taxpayers are asked to provide their AGI from their previous year's tax return as part of the identity verification process.
πŸ’‘tax refund
A 'tax refund' is the amount of money returned to a taxpayer by the government if their tax payments for a given period exceed their actual tax liability. The video emphasizes that e-filing one's federal tax return through Sprintax can result in a faster tax refund compared to paper filing.
πŸ’‘disclaimer
A 'disclaimer' is a statement that specifies or limits the extent of a person's or company's responsibility or involvement in a particular situation. In the video, taxpayers are required to read the disclaimer and confirm that they have reviewed their entered information and examined their tax return before proceeding with e-filing.
πŸ’‘constant disclosure
A 'constant disclosure' likely refers to the consistent and clear disclosure of information that taxpayers must acknowledge before e-filing their tax returns. In the video, it is mentioned as a step where taxpayers must confirm their agreement with certain statements and verify the accuracy of social security numbers on the return.
πŸ’‘live chat support
Live chat 'support' refers to real-time assistance provided by a company's customer service representatives through an online chat interface. The video mentions that the Sprintax live chat team is available 24/7 to assist taxpayers with any questions they may have about e-filing their federal tax return.
Highlights

Sprintax offers e-filing of federal tax returns, eliminating the need to print, download and mail a physical copy to the IRS.

E-filing is available for individuals based on their personal circumstances after completing the federal and state tax preparation questionnaire.

E-filing is done through the review section of Sprintax, providing a convenient way to file from home.

E-filing allows taxpayers to receive their refunds much faster compared to paper tax returns.

To e-file, users must complete the e-file authentication section by providing details from their previous federal tax return.

Identity verification is required where users need to provide their prior year's adjusted gross income or a 5-digit pin.

The adjusted gross income can be found on line 35 of Form 1040 NR or line 10 on Form 1040.

If no tax return was filed for 2019, users should enter zero as their pre-year adjusted gross income.

For amended returns filed in 2019, the original return's adjusted gross income should be provided.

Users must select a 5-digit pin to electronically sign their tax return, which should be kept in a safe place.

The pin serves as the user's signature, authorizing the transmission of their tax return.

Users need to read and confirm the accuracy of the entered information and examine their tax return before proceeding.

Agreeing to the constant statements and confirming the correctness of social security numbers on the return is required.

The final step is signing the consent disclosure by entering the user's date of birth to send the tax return electronically to the IRS.

E-filing applies only to federal tax returns. State tax returns, if required, need to be downloaded, printed, signed and mailed.

Sprintax provides live chat support 24/7 to assist with any e-filing questions or issues.

The process is designed to be user-friendly, allowing taxpayers to file their federal tax returns efficiently and securely.

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