E-FIle Opens for 2009
This year, the IRS and its partners in the Free File Alliance are offering a new option, Free File Fillable Tax Forms, which allows free electronic filing of tax returns for virtually everyone.
Taxpayers who use e-file and who choose direct deposit can receive their refund in as few as 10 days. That's because with e-file, there's no paper return going to the IRS. IRS e-file allows taxpayers to file their returns now and pay later if they owe taxes. It allows taxpayers to file both federal and most state returns at the same time. And with direct deposit, there's no paper refund going to the taxpayer. So it's all electronic and much faster than paper.
For more information, see news release
IRS 2009-5, E-File Opens for 2009 With New Features to Expand Taxpayer Access, Help Speed Refunds.
SEC Expands Proxy Disclosures on Executive Comp
Accelerated filers will soon be required to include additional disclosures on executive compensation and the background on awarding the compensation. A full analysis can be found on SEC Notice 2008-268.