E-Filing Tax Returns
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E-Filing Tax Returns

Test your knowledge of e-filing tax returns with this quiz. Find out the deadline for e-filing, the penalties for late filing, and the benefits of e-filing tax returns. See how well you understand the process and the important details that can impact your tax obligations.

Created by
@IndividualizedHyena

Questions and Answers

What is the penalty for late e-filing of tax returns?

5% of tax due per month

What is the deadline for e-filing tax returns?

15th July

What is the benefit of e-filing tax returns?

Faster tax refunds

What is the maximum income limit for individuals to be eligible for e-filing tax returns in the current tax year?

<p>$75,000</p> Signup and view all the answers

What is the penalty for providing incorrect bank account details for tax refunds during e-filing?

<p>$500 penalty</p> Signup and view all the answers

Which form should a self-employed individual use for e-filing tax returns?

<p>Form 1040-ES</p> Signup and view all the answers

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