Yo what's going on everybody? My name is Ryan and today I'm going to be talking about
why you should be paper filing your tax return. Now this might come to a surprise to you but
you know, just listen to the video and uh and you know, you'll understand what I'm talking,
where I'm coming from. All right so the main reason many people paper file their tax return
is because maybe they tried to e-file it and the e-filing was rejected. And there's no
cure for the e-filing you know, like for example sometimes maybe the spouse's information,
or the dependent's information is kind of messed up in the social security database
and so it doesn't match up with the e-filing. And so you know, the best solution there is to just
paper file the return. Another reason would be like maybe your tax return was fraudulently filed,
or your spouse's, or your dependent's tax return were fraudulently filed. And so the system thinks
that you already filed your tax return and thus you can't e-file again, unless you get
a rejection. That's another time for you to just you know simply sign, print your return, sign it,
and paper file it to the IRS by mail. Or you know, there are some places where you can you know,
schedule appointments with the IRS office and go down there, submit your tax return by paper, and
good to go there. A second reason why you would want to paper file your return is if you like
the uncertainty of having your mail get lost. Yeah that's right you know, the USPS does an incredible
job, like it's surprisingly reliable. You know, I looked it up online and you know anywhere between
only half a percent to maybe three percent of all mail gets lost. And you know it's really hard to
quantify that obviously but you know, that's a very low number. So if you like to paper file your
return and with the uncertainty of lost mail, then you know, by all means have at it. Your,
the chance of your mail getting to the IRS itself is pretty high okay. It's just what happens
afterwards you know, there's still the whole entity that is the IRS. You know, the IRS collects
revenue from all the citizens of the United States so it's got to be this massive entity.
So you know, there's a lot of moving parts, a lot of physical departments, and stuff. So
you know, while your return can get to the IRS office now it's got to move through you know, the
proper physical channels for it to get processed, and that can take even longer. So you know,
if you like waiting for that kind of stuff then by all means paper file your return. Maybe you don't
trust the security of the e-filing system and that's why you want a paper file. I mean that's
understandable, like electronic stuff, there's data breaches all the time, people are fishing,
they're trying to look for ways to get your personal and private information. So yeah it's
understandable to not really trust the e-filing system. While I understand, however that the
e-filing system is very secure. There's you know, state-of-the-art encryption and cyber security.
And I'm not really going to pretend like I know what any of those things are or what they you
know entail but I do know that there's no known incidences of any breaches occurring from e-filing
or you know from the IRS database. You know, the breaches occur in some other companies, you know
like Equifax where they can take your information and then try to file a tax return on your behalf.
But I have not heard of any breaches happening through the actual e-filing process. Yeah it's
understandable because it's a relatively newer thing. You know the mail's been around forever,
e-filing is a newer thing. It's understandable to not you know, want your data to be breached or
hacked you know, so that's why you might want to choose the paper file your return.
But I assure you it's very, very secure. Do you like things that take six to eight months
longer than they should? Then you probably should paper file your return, especially
during pandemic times. You know, first you know I talked about before there is that uncertainty
that you may lose your mail with chances are you won't. You know, once you get to the IRS office
it has to go through these physical channels to get properly processed by the IRS itself.
And you know since the pandemic started people have been working from home at the IRS. There
have been staff shortages, there's just been a lot of things that have been going wrong, and so
things that you paper file take an excruciatingly long amount of time to process. So
if you have patience, if you like waiting for things to take a long time, then by all means
paper file your return. Now obviously, this is a more cheeky video on you know why you should
probably e-file instead of paper file. As you know things get a lot more complicated when you
paper file. You have to print out your entire tax return, you know there's worksheets and
schedules and different forms. Some of them you need to send to the IRS, some of them you don't,
you know. So once you when you paper file you have to decipher what needs to be sent and what doesn't
okay. You've got to make sure you and everybody in the tax return has to sign the return. So
that's you and your spouse okay. That's the other thing, so getting it to the right place. The IRS
has you know, tons of different addresses that you can mail stuff to. You want to make sure
you send it to the right address based on where you live. So you know, all this to say e-filing
is a much more simple process, a good thing, it gets things done much quicker, it's secure, and
it just makes sure you know, you have a receipt of acceptance. You know, once you e-file you'll see
that it was accepted or rejected so you know for sure if the IRS got it, and that's kind of a nice
little peace of mind there. You know if you mail something you might, you send it certified mail
with the return receipt, you know the IRS received it but now it's got to go through these channels,
these physical channels to make sure it gets processed. And you know, it definitely could
get lost along the way there too, with the backlog that's happening at the IRS where there's millions
of tax returns still unprocessed that have been paper filed. Let's just try to you know,
work on trusting the e-filing system. And yeah, if you have any questions definitely reach out.
That's all I've got for today. If you're new to this channel please hit that subscribe button.
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That would be awesome. All right thanks for now. Take care, stay safe, I'll see you next time.