The Tax Club Report

In this age of abundant technology, corporations keep making our lives easier. We can electronically mail each other instantly; we can order and watch movies and television shows on our computers; we can even carry around our entire music collection in phones small enough to fit in a pocket. The question is, will e-filing be the next step on this ladder of progress? It seems likely.

The process is far from brand new; the IRS piloted the e-filing system 24 years ago, during the 1986 filing season. Back then, the types of returns were limited, and you could only e-file at three locations nationwide. Over 25,000 taxpayers took advantage of the system and those who used it found the system so useful that it was implemented by the next tax year. Since then, the IRS has worked on perfecting the security and the simplicity of e-filing to make sure any taxpayer can reap the benefits. 

Their efforts were so successful that in 2008, 58% of all returns that the IRS received were e-filed, and 78% of tax preparers reported that they e-filed for themselves and for their clients. The consumer has spoken: electronically filing taxes online is the most straightforward way to file. The IRS quickly learned that easier for the taxpayer meant easier for them, and so they are still working hard to make e-filing even more efficient. 

The software does not only help taxpayers fill out their usual information. It also helps them with navigating complex tax laws and discovering new deductions, as well as fixing errors and discrepancies. 

Taxpayers who use the system agree that the three biggest difficulties with filing are basically eradicated with the e-filing system.  

1. Choosing a form is automatic. Once you input your information, the e-filing software selects the form that best suits your needs. With the forms being chosen for you, you’re less likely to lose money on mistakes and delays.
2. Ensuring the delivery of your return is easy. The IRS acknowledges receipts of e-filed returns earlier than non-e-filed returns, since sending them is instantaneous. As mentioned earlier, last year the IRS was able to contact taxpayers within 48 hours to inform them of their return’s status. Mailed returns can take much longer, and papers can easily be lost. This speedy confirmation also means that receiving your refund no longer needs to take weeks and weeks. If you e-file and set up direct deposit with the IRS, you can get your refund in as quickly as 10 days.
3. Messy forms and mistakes are diminished by the simplicity of typing your information, and by the software’s ability to correct errors. This doesn’t only make you look more professional, it also saves you time and money, allowing you to be more productive during tax season.

So this tax season, join the growing number of taxpayers who electronically file. Be your most professional, productive self, and spend April 15^th organized with extra time and money.

If you require a free tax consultation, please feel free to call 866-840-1829 x5438

Tags: E-Filing, tax returns, Taxes

This entry was posted on Thursday, January 28th, 2010 at 6:46 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.