Electronic Filing (E-Filing)

question 3

Multiple Choice

Electronic filing (e-filing) :

• A)Reduces the chances that the IRS will make mistakes when inputting tax return information.
• B)Generally results in a slower refund.
• C)Can be done only by telephone.
• D)Requires the services of a professional.

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Definitions:

Weekend Selling Activity

Commercial operations that specifically occur on weekends, often relating to retail or leisure services aiming to capitalize on increased consumer availability.

Hardware Merchants

Businesses specialized in selling tools, building materials, and related goods often to consumers and other businesses.

Share of Profits

A portion of the profits generated by a business or investment that is distributed to its investors, partners, or shareholders.

Action Against

Legal proceedings initiated to seek remedy or justice in a court of law for grievances or claims.