ROANOKE TIMES

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: MONDAY, February 10, 1992                   TAG: 9202080271
SECTION: BUSINESS                    PAGE: A-9   EDITION: METRO 
SOURCE: Associated Press
DATELINE: WASHINGTON                                LENGTH: Short


ELECTRONIC FILING COSTS, BUT SAVES TIME

If you are really in a hurry for your tax refund, consider electronic filing. It will cost you $25 to $35 but could bring you a refund in three weeks.

Electronic filing, barely out of its infancy, has been one of the big success stories at the Internal Revenue Service. Last year 7 1/2 million couples and individuals used it; 10 million electronic returns are expected in 1992.

This year, taxpayers in every state may file electronically, even if they owe taxes.

Whether your owe tax or are due a refund, whether you fill out your return or pay someone else to do it, the process is still the same: A transmission company, which could be the same person who does your taxes, sends your return via telephone directly into an IRS computer.

You sign a Form 8453, certifying that the information on that form conforms to your return. The transmission company mails this form, which includes your sworn statement that your return is accurate, to the IRS and gives you a copy.



by Bhavesh Jinadra by CNB