Question

Marcus has completed his federal return, and he is surprised that he will be getting a big return. He wants to finish his return as fast as possible so what are two more things he will need to do before being officially done? Send a copy to his bank and and to anyone claiming him as a dependent. Get the person claiming him to be a dependent to sign off on his taxes. Since refunds are rare, Marcus will need to redo his tax return with professional help. File his state taxes and select how he wants to receive his refund.

Answer 1

Before Marcus can officially finish his federal return, two important things he will need to do are:

1. File his state taxes - If applicable, he should complete and submit his state tax return, as this is often a necessary step after filing the federal return.

2. Select how he wants to receive his refund - He should choose his preferred method for receiving his refund, whether it's via direct deposit, a check mailed to his address, or a prepaid debit card.

Sending a copy to his bank, getting someone to sign off, or seeking professional help to redo his taxes are not standard requirements to finalize a tax return.