Wednesday, February 9, 2011

Why e-file?

In 2010, 99 million taxpayers e-filed their return last year. That's an increase of 10% from a year ago and represents 70% of all individual taxpayers. Here's why people e-file:
  • Faster Refunds – with direct deposit, you can receive your refund in as little as 8 days.
  • Greater Accuracy – error rate for paper returns is 20%; 1% for e-filed returns.
  • Secure and confidential submission – there has never been an IRS e-file security breach
  • File now, pay later – e-file does not mean you have to pay a balance due. You can postpone that until April 15
  • Quick confirmation – receipt of your e-filed tax return is within 24 hours
  • Convenience - accessible 24 hours a day, 7 days a week
  • Most importantly, no paper return to mail
Starting January 1, 2011 most tax return preparers must be authorized IRS e-file providers so they can transmit tax returns electronically.

For more information, refer to the IRS e-file resource.

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