E File
E-File - Electronic filing began in 1986 on a limited basis. Looking at
the graph below, you can see the phenomenal growth the industry
has experienced since that time.
Benefits of Electronic Filing
- Fast Refunds- Most refunds are issued within four days
of acknowledgement
- Direct Deposit- Optional direct deposit of your refund
is available.
- Acknowledgement of Returns- Receipt of returns are
confirmed using an electronic acknowledgement system. When the
IRS receives your electronic return, the confirmation is either
sent directly to you at home, or to your income tax preparer.
- Accuracy- Electronically filed tax returns are received
virtually error-free. Statistics show 12% of all paper returns
have some sort of error.
- Convenience- The federal/State Program is a "one stop
shop" tax filing. E-file allows taxpayers to file both
their federal and state tax returns in one transmission.
You Can Be Part of This Explosive Growth!
IRS wants 80% e-filing by 2007
WASHINGTON -- Buried by mountains of paper, the Internal
Revenue Service announced an ambitious goal of having 80% of taxpayers
e-File their income tax returns by 2007.
From
The Associated Press
UsaToday
