E-Filing Benefits
The most convenient and efficient way to file your tax return is
to file it electronically. You may still file mail your
return, but it will most likely take longer to process and you'll
have to wait longer for any refund you're due. Here are some of the
benefits of e-filing:
- Accuracy - IRS studies show that e-filing greatly reduces
errors on returns: the error rate of e-filed returns is 1%, versus
20% for paper returns.
- Security - privacy and security are guaranteed. You can choose
a five-digit PIN as your electronic signature, and the IRS keeps
your information private.
- Proof of acceptance - within 48 hours, the IRS will send you an
electronic acknowledgment that it accepted your return. If it did
not accept your return, the IRS will send you a rejection notice
that will show the errors it found on your return.
- Fast refunds - receive your refund faster than with a paper
return.
How to E-File
To e-file your return, it must be prepared using tax preparation
software. You can choose to have your return prepared by a tax
professional or you can use one of the many tax preparation
programs that are available to do-it-yourselfers. 1040.com
Online Tax Preparation is easy-to-use tax preparation that is
affordable and simple.